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Vegan Cheese in Mexico

Publisher GlobalData
Published Feb 27, 2025
Length 37 Pages
SKU # GBDT20028533

Description

Vegan Cheese in Mexico

Summary

Vegan Cheese in Mexico industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Vegan cheese includes products that are marketed as plant-based, vegan, or dairy-free cheese. The demand for vegan cheese is being driven by a combination of health, ethical, environmental, and taste-related factors. These vegan cheese/plant-based cheeses are products that are marketed as alternatives to dairy-based cheese.
  • The Mexican vegan cheese market recorded revenues of $38.1 million in 2024, representing a compound annual growth rate (CAGR) of 11.3% between 2019 and 2024.
  • The mozzarella segment accounted for the market's largest proportion in 2024, with total revenues of $11.8 million, equivalent to 30.9% of the market's overall value.
  • According to GlobalData, in 2024, the Mexican vegan cheese market recorded an annual growth of 7.5% due to the large Millennial and Gen Z population. These younger generations, particularly in urban centers such as Mexico City, Monterrey, and Guadalajara, are more health-conscious, environmentally aware, and open to experimenting with new food trends.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the vegan cheese market in Mexico
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the vegan cheese market in Mexico
  • Leading company profiles reveal details of key vegan cheese market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Mexico vegan cheese market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the Mexico vegan cheese market by value in 2024?
  • What will be the size of the Mexico vegan cheese market in 2029?
  • What factors are affecting the strength of competition in the Mexico vegan cheese market?
  • How has the market performed over the last five years?
  • Who are the top competitors in Mexico's vegan cheese market?

Table of Contents

37 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
8 Company Profiles
8.1. Flora Food Group BV
8.2. Maple Leaf Foods Inc
8.3. Heartbest
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related GlobalData research
10.4. About GlobalData
List of Tables
Table 1: Mexico vegan cheese market value: $ million, 2019–24
Table 2: Mexico vegan cheese market category segmentation: % share, by value, 2019–24
Table 3: Mexico vegan cheese market category segmentation: $ million, 2019-24
Table 4: Mexico vegan cheese market geography segmentation: $ million, 2024
Table 5: Mexico vegan cheese market value forecast: $ million, 2024–29
Table 6: Flora Food Group BV: Key Facts
Table 7: Flora Food Group BV: key employees
Table 8: Maple Leaf Foods Inc: Key Facts
Table 9: Maple Leaf Foods Inc: annual financial ratios
Table 10: Maple Leaf Foods Inc: key employees
Table 11: Heartbest: Key Facts
Table 12: Mexico Size of Population (Million), 2020–24
Table 13: Mexico Real GDP (Constant 2010 Prices, $ Billion), 2020–24
Table 14: Mexico GDP (Current Prices, $ Billion), 2020–24
Table 15: Mexico Inflation, 2020–24
Table 16: Mexico Consumer Price Index (Absolute), 2020–24
Table 17: Mexico Exchange Rate, 2019–24
List of Figures
Figure 1: Mexico vegan cheese market value: $ million, 2019–24
Figure 2: Mexico vegan cheese market category segmentation: $ million, 2019-24
Figure 3: Mexico vegan cheese market geography segmentation: % share, by value, 2024
Figure 4: Mexico vegan cheese market value forecast: $ million, 2024–29
Figure 5: Forces driving competition in the vegan cheese market in Mexico, 2024
Figure 6: Drivers of buyer power in the vegan cheese market in Mexico, 2024
Figure 7: Drivers of supplier power in the vegan cheese market in Mexico, 2024
Figure 8: Factors influencing the likelihood of new entrants in the vegan cheese market in Mexico, 2024
Figure 9: Factors influencing the threat of substitutes in the vegan cheese market in Mexico, 2024
Figure 10: Drivers of degree of rivalry in the vegan cheese market in Mexico, 2024

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