Definition:
The Processed Meat market covers all types of meats that have either been smoked, salted, cured, or given chemical preservatives. The market is splitted into three submarkets: ham & bacon, sausages, and cold & roast meat products.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), 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.
For more information on the displayed data, click the info button on the right side of each box.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Processed Meat Market in Mexico has been experiencing minimal growth, influenced by factors such as consumer preferences shifting towards healthier options, increased competition from alternative protein sources, and rising concerns over the environmental impact of meat production. Despite this, the sub-markets of Ham & Bacon, Sausages, and Cold & Roast Meat Products continue to hold a significant share in the overall market.
Customer preferences: In Mexico, the Processed Meat Market of the Meat Market within The Food market has seen a rise in demand for healthier and more sustainable options. This trend is driven by a growing awareness of the environmental impact of meat production and the health risks associated with processed meats. Additionally, there is a growing preference for locally sourced and ethically produced meats, as consumers become more conscious of supporting small-scale farmers and reducing their carbon footprint.
Trends in the market: In Mexico, the Processed Meat market is experiencing a significant shift towards healthier and more sustainable options. This trend is driven by increasing consumer awareness of the negative impact of processed meat on health and the environment. As a result, there is a growing demand for plant-based and organic alternatives. This trend is expected to continue, with companies investing in research and development to meet consumer demands. This shift towards healthier options also presents opportunities for industry stakeholders to diversify their product offerings and tap into the growing market for healthier processed meats.
Local special circumstances: In Mexico, the Processed Meat market is heavily impacted by cultural preferences and dietary habits. The country has a strong meat-eating culture, with processed meats being a staple in many traditional dishes. Additionally, the Mexican government has strict regulations in place to ensure the safety and quality of processed meat products, further influencing market dynamics. This, coupled with the country's growing population and increasing disposable income, has led to a steady demand for processed meat products in the Mexican Meat Market within The Food market.
Underlying macroeconomic factors: The processed meat market in Mexico is heavily influenced by macroeconomic factors such as consumer spending power, trade policies, and government regulations. With a growing middle class and increasing disposable income, there is a rising demand for processed meat products in the country. However, trade agreements such as the USMCA and changing consumer preferences towards healthier and more sustainable food options are posing challenges for the market. Additionally, government regulations on food safety and labeling are impacting the production and distribution of processed meat. These factors play a crucial role in shaping the growth and performance of the processed meat 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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights