The market is dominated by domestic suppliers, as imports account for 14.4% of total market size in 2023. Households drive market demand, with household spending representing 95.3% of total demand in 2023. Mexico has the largest market size for meat and meat products regionally, with demand reaching USD83.5 billion in 2023. Sigma Alimentos SA de CV is the largest company in Mexico, generating 8.3% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 12.4% of total production value in 2023. The total number of companies increases in 2023, to 41,525 units. The costs of the industry increase by 23.5% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 22.1% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 4.8% of total production output. With production value of USD58.8 billion, Mexico accounts for 27.9% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Meat and Meat Products in Mexico: ISIC 1511. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Meat and Meat Products in Mexico: ISIC 1511 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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