Mexico Food Preservatives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.59 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Food Preservatives Market Analysis
The Mexico food preservatives market is anticipated to witness a CAGR of 5.59% during the forecast period (2020 - 2025).
- The country is well involved in trading of its products and agricultural commodities and thus an inflating demand for food preservatives is an opportunity for the Mexican manufacturers to strengthen their trade, especially of the naturally extracted preservatives, where the country's agriculture industry is evolving.
- With a direct influence from the United States, the country has a large number of consumers inclining towards processed foods and beverages, thus inflating the demand. The factor is also driving the market to an extent and the manufacturers have a chance to increase the production to satiate the consumer demand.
- However, increasing awareness against the use of synthetic preservatives is anticipated to strain the market growth to an extent.
Mexico Food Preservatives Market Trends
This section covers the major market trends shaping the Mexico Food Preservatives Market according to our research experts:
Increasing Demand of Clean-label Foods is Likely to Fuel the Natural Preservatives Market
Clean label foods have become an important part of consumer habits. The country is much more emphasizing on the use of clean-label products due to the transforming lifestyles of the local people. The health-conscious consumers in Mexico are increasingly opting for food and beverage products that claim to be free from artificial preservatives and are clean-label. Thus, increasing awareness regarding the significance of clean-label will, in turn, boost the demand for natural preserving solutions for processed food especially, driving the market in the near future.
Bakery is a Largest Application Segment for Food Preservatives in the Country
The sales value of bakery products in the country is more than any other segment of the food industry. This is primarily due to the fondness of baked products among the locals. According to the National Institute of Statistics and Geography, Mexico, the annual value of processed food exported from Mexico in 2017 was recorded to be USD 8.44 million. The same organization also talks about the rise in the number of establishments involved in the preparation of bakery products and tortillas in Mexico from 119530 in 2007 to 129650 in 2017. Thus, the transforming bakery sector in the country is likely to provide growth opportunities to many food preservative manufacturers, driving the market to a considerable extent.
Mexico Food Preservatives Industry Overview
The market giants have been expanding their presence in the country by signing distribution and supplying contracts with the local distributors and suppliers of the market. Such expansion is the most preferred growth strategy followed by new product developments due to the rapid industrialization in the country, which is paving a way for the big companies to grab the potential market. The major players have an upper hand in the market due to their esteemed reputations in the global market. However, the domestic players are giving a tough competition by offering similar preservatives at comparatively lower prices.
Mexico Food Preservatives Market Leaders
BASF SE
Archer Daniels Midland Company
Brenntag AG
Kerry Group plc
Koninklijke DSM N.V.
*Disclaimer: Major Players sorted in no particular order
Mexico Food Preservatives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables & Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Synthetic
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5.1.2 Natural
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5.2 By Application
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5.2.1 Bakery Products
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5.2.2 Dairy Products
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5.2.3 Meat, Poultry & Seafood
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5.2.4 Beverages
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5.2.5 Confectionery
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5.2.6 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Kerry Group plc
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6.3.2 Koninklijke DSM N.V
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6.3.3 BASF SE
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6.3.4 Archer Daniels Midland Company
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6.3.5 DuPont de Nemours, Inc
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6.3.6 Jungbunzlauer AG
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6.3.7 Brenntag AG
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Mexico Food Preservatives Industry Segmentation
The Mexico food preservatives market is segmented by type into synthetic and natural food preservatives. The market is also diversified based on the application in bakery products, dairy products, beverages, confectionery, and others.
| By Type | |
| Synthetic | |
| Natural |
| By Application | |
| Bakery Products | |
| Dairy Products | |
| Meat, Poultry & Seafood | |
| Beverages | |
| Confectionery | |
| Others |
Mexico Food Preservatives Market Research FAQs
What is the current Mexico Food Preservatives Market size?
The Mexico Food Preservatives Market is projected to register a CAGR of 5.59% during the forecast period (2024-2029)
Who are the key players in Mexico Food Preservatives Market?
BASF SE, Archer Daniels Midland Company, Brenntag AG, Kerry Group plc and Koninklijke DSM N.V. are the major companies operating in the Mexico Food Preservatives Market.
What years does this Mexico Food Preservatives Market cover?
The report covers the Mexico Food Preservatives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Food Preservatives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Food Preservatives Industry Report
Statistics for the 2024 Mexico Food Preservatives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Food Preservatives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
