Mexico Natural Flavors And Fragrances Market Size & Outlook
Mexico natural flavors and fragrances market, 2018-2030 (US$M)
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Mexico natural flavors and fragrances market highlights
- The Mexico natural flavors and fragrances market generated a revenue of USD 341.7 million in 2022 and is expected to reach USD 439.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.2% from 2023 to 2030.
- In terms of segment, essential oils was the largest revenue generating product in 2022.
- Oleoresins is the most lucrative product segment registering the fastest growth during the forecast period.
Natural flavors and fragrances market data book summary
| Market revenue in 2022 | USD 341.7 million |
| Market revenue in 2030 | USD 439.3 million |
| Growth rate | 3.2% (CAGR from 2022 to 2030) |
| Largest segment | Essential oils |
| Fastest growing segment | Oleoresins |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Essential Oils, Oleoresins |
| Key market players worldwide | MANE, Blue Pacific Solar, Biolandes, Young Living, Basf SE, Symrise AG, Falcon Oil & Gas Ltd, DSM Firmenich AG, Givaudan SA, International Flavors & Fragrances Inc, Flavex Naturextrakte, Sensient Technologies Corp, Takasago International Corp, T Hasegawa Co Ltd, Robertet SA, McCormick & Co Inc, Kerry Group PLC Class A |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.6% of the global natural flavors and fragrances market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. natural flavors and fragrances 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 5,722.4 million by 2030.
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Natural Flavors And Fragrances Market Scope
Natural Flavors And Fragrances Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico natural flavors and fragrances 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 natural flavors and fragrances market will help companies and investors design strategic landscapes.
Essential oils was the largest segment with a revenue share of 68.63% in 2022. Horizon Databook has segmented the Mexico natural flavors and fragrances market based on essential oils, oleoresins covering the revenue growth of each sub-segment from 2018 to 2030.
Natural flavors & fragrances market in Mexico is anticipated to grow during the forecast period owing to the rising demand for various seasonings, spreads, and toppings. The country is famous for its nachos and various sauces and dips consumed with them. Various naturally sourced flavors are used with tortilla chips (nachos).
They are also used for developing different types of seasonings, sauces, dips, and toppings consumed with these chips. Thus, the high consumption of nachos with different sauces and dips having natural flavors and fragrances is anticipated to fuel the growth of the market in Mexico during the forecast period.
According to the Drinks Business, Mexico was the fourth-largest beer producer in the world in 2020. The key beer manufacturers, including Cerveceria Modelo (Grupo Modelo) and Cerveceria (FEMSA) are operational in the country and have a dominant market position.
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Our clientele includes a mix of natural flavors and fragrances market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico natural flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into Mexico natural flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico - north america natural flavors and fragrances market size, by product, 2018-2030 (US$M)
Mexico Natural Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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