Eggs - Mexico | Statista Market Forecast

The Eggs Market in Mexico's Dairy Products & Eggs Market is experiencing minimal growth due to various factors such as low consumer health awareness and limited access to digital technologies. Despite this, online health services are slowly gaining popularity among consumers.

Customer preferences: With the rise of health-consciousness and growing concerns over animal welfare and sustainability, there has been an increasing demand for cage-free and organic eggs in Mexico. This is driven by a shift towards healthier and more environmentally friendly food choices, as well as an increased awareness of the impact of factory farming on animal welfare. As a result, retailers and producers are responding by offering more ethically-sourced and certified eggs to cater to the evolving preferences of consumers.

Trends in the market: In Mexico, the Eggs Market within the Dairy Products & Eggs Market is experiencing a rise in demand for organic and cage-free eggs. This trend is driven by a growing consumer awareness towards sustainable and ethical food production practices. As a result, industry players are investing in sustainable egg production methods and certifications, such as the Certified Humane label. This trend is expected to continue, with potential implications for industry stakeholders including higher production costs and the need to adapt to changing consumer preferences.

Local special circumstances: In Mexico, the Eggs Market of the Dairy Products & Eggs Market is heavily influenced by the country's strong tradition of egg consumption. Eggs are a staple ingredient in many Mexican dishes, making it a crucial market for egg producers and distributors. Additionally, the government's regulations on food safety and quality standards play a significant role in shaping the market. The country's geographical proximity to the United States also impacts the market, as it allows for easy access to imported eggs.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market is impacted by various macroeconomic factors in Mexico. The country's economic health, fiscal policies, and global economic trends play a significant role in the performance of the market. For instance, fluctuations in exchange rates, inflation rates, and interest rates can influence the prices of eggs and other dairy products. Additionally, government policies related to agriculture, food safety, and imports and exports can also impact the supply and demand of eggs in the market. Moreover, changing consumer preferences and increasing health awareness are driving the demand for organic and cage-free eggs, which can be affected by economic factors such as disposable income and purchasing power. Overall, a stable and growing economy with supportive policies can foster the growth of the Eggs Market in Mexico.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.