Mexico Specialty Food Ingredients Market Size & Outlook
Mexico specialty food ingredients market, 2018-2030 (US$M)
Related Markets
Mexico specialty food ingredients market highlights
- The Mexico specialty food ingredients market generated a revenue of USD 6,477.2 million in 2022 and is expected to reach USD 9,262.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.6% from 2023 to 2030.
- In terms of segment, sensory was the largest revenue generating by product in 2022.
- Functional is the most lucrative by product segment registering the fastest growth during the forecast period.
Specialty food ingredients market data book summary
| Market revenue in 2022 | USD 6,477.2 million |
| Market revenue in 2030 | USD 9,262.7 million |
| Growth rate | 4.6% (CAGR from 2022 to 2030) |
| Largest segment | Sensory |
| Fastest growing segment | Functional |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sensory, Functional |
| Key market players worldwide | Naturex, Givaudan SA, Ingredion Inc, Associated British Foods PLC, Kerry Group PLC Class A, Ashland Inc, Archer-Daniels Midland Co, Cargill, DSM, Tate & Lyle PLC, Agropur, WILD Flavors, Diana Group, Chr. Hansen |
Other key industry trends
- In terms of revenue, Mexico accounted for 6.7% of the global specialty food ingredients market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. specialty food ingredients 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 18,305.1 million by 2030.
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Specialty Food Ingredients Market Scope
Specialty Food Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico specialty food ingredients 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 specialty food ingredients market will help companies and investors design strategic landscapes.
Sensory was the largest segment with a revenue share of 58.85% in 2022. Horizon Databook has segmented the Mexico specialty food ingredients market based on sensory, functional covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the food & beverage industry in the country is attributed to the strong demand for organic and natural food products from end consumers. The growing demand for vegan products in the country is further expected to have a positive impact on the food & beverage industry.
This is expected to increase food production, thereby having a positive impact on Mexico specialty food ingredients market. The growing consumer preference for a healthy diet coupled with the health benefits offered by vitamins, minerals, proteins is expected to augment the demand over the forecast period.
Mexican consumers have already integrated a high number of dietary supplements in their regular diets; however, the country still offers ample growth opportunities owing to rising consumer disposable incomes, expanding R&D centers of major food companies, and increasing investments in advanced technologies to manufacture such products.
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Target buyers of Mexico specialty food ingredients market databook
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Our clientele includes a mix of specialty food ingredients 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 specialty food ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Mexico specialty food ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico specialty food ingredients market size, by by product, 2018-2030 (US$M)
Mexico Specialty Food Ingredients Market Outlook Share, 2022 & 2030 (US$M)
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