Market Size of Mexico Food Flavor and Enhancer Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 588.68 Million |
| Market Size (2029) | USD 804.64 Million |
| CAGR (2024 - 2029) | 6.45 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Food Flavor & Enhancer Market Analysis
The Mexico Food Flavor and Enhancer Market size is estimated at USD 588.68 million in 2024, and is expected to reach USD 804.64 million by 2029, growing at a CAGR of 6.45% during the forecast period (2024-2029).
- There is a rising demand for natural food flavors and consumers are seen avoiding artificial colors and flavors owing to the increasing health hazards that occur in consumption of synthetic/artificial flavors, which has resulted in an increased demand for natural food flavors.
- The market is driven by the changing lifestyle, increasing demand for healthy ingredient, and influential trend for new exotic and ethnic flavors. With rising preference for premium-quality products, including premium lines of seasonings and sauces, the market is growing rapidly.
