Mexico Meat Market Report and Forecast 2025-2034
Description
The Mexico meat market size is projected to grow at a CAGR of 6.10% between 2025 and 2034. The market is being aided by the rising disposable incomes of the growing middle-class population in the country.
As per the USDA Global Agricultural Information network, the consumption of chicken meat in Mexico is expected to record a y-o-y growth of 3% in 2024. Due to the rising consumption of frozen meat products by Mexican consumers, the annual production is expected to reach 4.9 MMT in 2024. This is expected to favourably drive the Mexico meat market expansion over the forecast period.
The minimum wage rate of Mexican consumers recorded an increase of $6.00 between 2018-2024, which is further expected to boost the market growth. In 2023, remittances reached an all-time high in Mexico, which is also expected to favour the development of the market.
Increasing investments in researching innovative ways of producing cultured meat are expected to drive the Mexico meat market growth. This is because artificially grown meat is a more sustainable and ethical option for consumption. Moreover, since it is grown in labs, its fat content and cholesterol levels can be modified to enhance its nutritional profile, which can attract vegetarian consumers. Increasing focus on health and wellness is a primary driver of the market, which is prompting startups like Forma Foods to invest in the cultivation and large-scale commercialisation of in vitro meat.
Market Segmentation
Mexico Meat Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
Raw
Processed
Market Breakup by Product:
Beef
Pork
Chicken
Mutton
Others
Market Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Speciality Stores
Departmental Stores
Online Stores
Others
Market Breakup by Region:
Baja California
Northern Mexico
The Bajío
Central Mexico
Pacific Coast
Yucatan Peninsula
Competitive Landscape
The key Mexico meat market players are:
Industrias Bachoco, S.A. de C.V.
Sigma Alimentos, S.A. de C.V.
Sukarne, S.A. de C.V.
JBS S.A. (Pilgrim’s)
Cargill Inc.
Others
As per the USDA Global Agricultural Information network, the consumption of chicken meat in Mexico is expected to record a y-o-y growth of 3% in 2024. Due to the rising consumption of frozen meat products by Mexican consumers, the annual production is expected to reach 4.9 MMT in 2024. This is expected to favourably drive the Mexico meat market expansion over the forecast period.
The minimum wage rate of Mexican consumers recorded an increase of $6.00 between 2018-2024, which is further expected to boost the market growth. In 2023, remittances reached an all-time high in Mexico, which is also expected to favour the development of the market.
Increasing investments in researching innovative ways of producing cultured meat are expected to drive the Mexico meat market growth. This is because artificially grown meat is a more sustainable and ethical option for consumption. Moreover, since it is grown in labs, its fat content and cholesterol levels can be modified to enhance its nutritional profile, which can attract vegetarian consumers. Increasing focus on health and wellness is a primary driver of the market, which is prompting startups like Forma Foods to invest in the cultivation and large-scale commercialisation of in vitro meat.
Market Segmentation
Mexico Meat Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
Raw
Processed
Market Breakup by Product:
Beef
Pork
Chicken
Mutton
Others
Market Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Speciality Stores
Departmental Stores
Online Stores
Others
Market Breakup by Region:
Baja California
Northern Mexico
The Bajío
Central Mexico
Pacific Coast
Yucatan Peninsula
Competitive Landscape
The key Mexico meat market players are:
Industrias Bachoco, S.A. de C.V.
Sigma Alimentos, S.A. de C.V.
Sukarne, S.A. de C.V.
JBS S.A. (Pilgrim’s)
Cargill Inc.
Others
Table of Contents
150 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Latin America Meat Market Overview
- 5.1 Key Industry Highlights
- 5.2 Latin America Meat Historical Market (2018-2024)
- 5.3 Latin America Meat Market Forecast (2025-2034)
- 5.4 Latin America Meat Market Share by Country
- 5.4.1 Brazil
- 5.4.2 Mexico
- 5.4.3 Argentina
- 5.4.4 Others
- 6 Mexico Meat Market Overview
- 6.1 Key Industry Highlights
- 6.2 Mexico Meat Historical Market (2018-2024)
- 6.3 Mexico Meat Market Forecast (2025-2034)
- 7 Mexico Meat Market by Type
- 7.1 Raw
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Processed
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 Mexico Meat Market by Product
- 8.1 Beef
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Pork
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Chicken
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Mutton
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Others
- 9 Mexico Meat Market by Distribution Channel
- 9.1 Supermarkets and Hypermarkets
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Specialty Stores
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Departmental Stores
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Online Stores
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Others
- 10 Mexico Meat Market by Region
- 10.1 Baja California
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Northern Mexico
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 The Bajío
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Central Mexico
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Pacific Coast
- 10.5.1 Historical Trend (2018-2024)
- 10.5.2 Forecast Trend (2025-2034)
- 10.6 Yucatan Peninsula
- 10.6.1 Historical Trend (2018-2024)
- 10.6.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyers Powers
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Trade Data Analysis (HS Code - 201, 0203, 0204)
- 12.1 Major Exporting Countries
- 12.1.1 By Value
- 12.1.2 By Volume
- 12.2 Major Importing Countries
- 12.2.1 By Value
- 12.2.2 By Volume
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 Industrias Bachoco, S.A. de C.V.
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 Sigma Alimentos, S.A. de C.V.
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Sukarne, S.A. de C.V.
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 JBS S.A. (Pilgrim’s)
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 Cargill Inc.
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Others
Pricing
Currency Rates
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