Milk - Mexico | Statista Market Forecast

Revenue in the Milk market amounts to US$5.30bn in 2024. The market is expected to grow annually by 5.37% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$71bn in 2024).
In relation to total population figures, per person revenues of US$40.97 are generated in 2024.
In the Milk market, volume is expected to amount to 5.10bn kg by 2029. The Milk market is expected to show a volume growth of 1.5% in 2025.0.
The average volume per person in the Milk market is expected to amount to 36.7kg in 2024.

Definition:

Milk is defined as a protein- and fat-rich opaque white or creamy-colored fluid. This combination of nutrients can also be milked from other animals such as sheep and goats, but from an economic perspective, cow's milk remains the world's most important dairy product.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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Regular fresh milk
Full-fat milk, reduced-fat milk, low-fat milk, skimmed milk, semi-skimmed milk
Regular pasteurized milk, ultra-pasteurized (UHT) milk, raw milk
Flavored milk, barista milk
Lactose-free milk

Preserved and powdered milk
Yogurt drinks
Non-dairy milk substitutes
Out-of-home consumption

The Milk Market in Mexico has seen minimal growth, with various factors impacting its growth rate. These include increasing health awareness and convenience offered by online services in the Dairy Products & Eggs Market within The Food market.

Customer preferences: As health and wellness become a top priority for consumers in Mexico, the demand for plant-based milk alternatives is on the rise. This trend is driven by a growing awareness of the health benefits of plant-based diets and a desire for sustainable and ethical food choices. Additionally, the increasing popularity of veganism and lactose intolerance has also contributed to the growth of the milk market in the Dairy Products & Eggs Market within The Food market.

Trends in the market: In Mexico, the Milk Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for organic and plant-based milk alternatives. This trend is driven by consumers' increasing awareness of health and environmental concerns. In addition, there is a growing interest in lactose-free options and fortified milk products. These trends are expected to continue, with the market projected to grow at a steady pace in the coming years. This presents opportunities for industry stakeholders to cater to evolving consumer preferences and expand their product offerings.

Local special circumstances: In Mexico, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's cultural preference for dairy products, with milk being a staple in traditional Mexican cuisine. Additionally, the country's geographical location and climate make it a major producer of milk, resulting in a strong domestic market and export potential. However, regulatory barriers, such as strict government regulations on dairy imports, can limit the growth of the market. This creates a unique dynamic for the Milk Market in Mexico, with a balance between a strong domestic demand and potential challenges in accessing international markets.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Mexico is heavily impacted by macroeconomic factors such as trade policies, consumer spending, and economic growth. With the implementation of the USMCA trade agreement, Mexico's dairy industry is expected to experience growth due to increased access to the US market. Additionally, rising disposable incomes and changing dietary preferences towards dairy products are driving the demand for milk in Mexico. However, inflation, currency fluctuations, and political instability can negatively affect market growth and consumer purchasing power, ultimately impacting the performance of the Milk Market within the Dairy Products & 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.