Mexico Powdered Fats Market Size & Outlook, 2022-2030
Mexico powdered fats market, 2018-2030 (US$M)
Related Markets
Mexico powdered fats market highlights
- The Mexico powdered fats market generated a revenue of USD 53.1 million in 2022 and is expected to reach USD 65.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 2.7% from 2023 to 2030.
- In terms of segment, palm & palm kernel was the largest revenue generating source in 2022.
- Coconut is the most lucrative source segment registering the fastest growth during the forecast period.
Powdered fats market data book summary
| Market revenue in 2022 | USD 53.1 million |
| Market revenue in 2030 | USD 65.9 million |
| Growth rate | 2.7% (CAGR from 2022 to 2030) |
| Largest segment | Palm & palm kernel |
| Fastest growing segment | Coconut |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Palm & Palm Kernel, Coconut, Milk, Sunflower, Canola, Corn |
| Key market players worldwide | Kerry Group PLC Class A, FrieslandCampina, Aarkay Food Products Ltd, Instafood, Castle Dairies, Zeon Lifesciences, Natural Extracts Industries |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.4% of the global powdered fats 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. powdered fats 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 625.6 million by 2030.
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Powdered Fats Market Scope
Powdered Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico powdered fats 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 powdered fats market will help companies and investors design strategic landscapes.
Palm & palm kernel was the largest segment with a revenue share of 35.03% in 2022. Horizon Databook has segmented the Mexico powdered fats market based on palm & palm kernel, coconut, milk, sunflower, canola, corn covering the revenue growth of each sub-segment from 2018 to 2030.
The steady consumption of dairy products and the robust nature of the dairy industry in Mexico is anticipated to drive the demand for powdered fats. The increased consumption of milk-based powdered fats such as butter powders is driven by the rising number of industrial dairy processors providing products.
That cater to consumers seeking convenient and on-the-go dairy products. In response to the rising demand, several manufacturers offer a wide range of powdered fat products that can be used in dairy applications.
For instance, U Buy, an international e-commerce platform, offers a wide range of butter powders in Mexico from several brands such as WinCrest, It's Just!, Anthony's, and AUGASON FARMS.
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Our clientele includes a mix of powdered fats 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 powdered fats market , including forecasts for subscribers. This country databook contains high-level insights into Mexico powdered fats market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico powdered fats market size, by source, 2018-2030 (US$M)
Mexico Powdered Fats Market Outlook Share, 2022 & 2030 (US$M)
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