Mexico Functional Foods Market Size & Outlook, 2023-2030
Mexico functional foods market, 2017-2030 (US$M)
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Mexico functional foods market highlights
- The Mexico functional foods market generated a revenue of USD 3,351.9 million in 2023 and is expected to reach USD 5,407.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, prebiotics & probiotics was the largest revenue generating ingredient in 2023.
- Vitamins is the most lucrative ingredient segment registering the fastest growth during the forecast period.
Functional foods market data book summary
| Market revenue in 2023 | USD 3,351.9 million |
| Market revenue in 2030 | USD 5,407.3 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Prebiotics & probiotics |
| Fastest growing segment | Vitamins |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carotenoids, Dietary Fibers, Fatty Acids, Minerals, Prebiotics & Probiotics, Vitamins |
| Key market players worldwide | Coca-Cola Co, Arla Foods, Amway Malaysia Holdings, Herbalife Ltd, Cargill, General Mills Inc, Basf SE |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.0% of the global functional foods market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. functional foods market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 131,454.8 million by 2030.
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Functional Foods Market Scope
Functional Foods Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico functional foods market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to functional foods market will help companies and investors design strategic landscapes.
Prebiotics & probiotics was the largest segment with a revenue share of 33.61% in 2023. Horizon Databook has segmented the Mexico functional foods market based on carotenoids, dietary fibers, fatty acids, minerals, prebiotics & probiotics, vitamins covering the revenue growth of each sub-segment from 2017 to 2030.
Mexican consumers have already integrated a high number of functional foods in their regular diets; however, the region still offers ample growth opportunities owing to rising consumer disposable incomes, expanding R&D centers of major foods companies and rising investments in advanced technologies to manufacture such products.
Positive growth is also anticipated as a result of widening availability of varied yet inexpensive foods, making them accessible to a large segment of the population. Many consumers are also expected to shift from conventional carbonates to healthier value-added functional beverages. With increasingly hectic lifestyles in the urban areas, such food & beverages are likely to provide a convenient option for Mexican consumers who want to boost their intake of vitamins and other nutrients, but who lack the time to obtain these from their natural sources.
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Our clientele includes a mix of functional foods market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico functional foods market , including forecasts for subscribers. This country databook contains high-level insights into Mexico functional foods market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico functional foods market size, by ingredient, 2017-2030 (US$M)
Mexico Functional Foods Market Outlook Share, 2023 & 2030 (US$M)
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