You are currently viewing Mexico Canned Food Market Report, Trends, Growth, Key Players, Share, Size, Forecast 2024-2032

Mexico Canned Food Market Report, Trends, Growth, Key Players, Share, Size, Forecast 2024-2032

According to the report by Expert Market Research (EMR), the Mexico Canned Food Market Size reached a value of USD 2.40 billion in 2023. Aided by factors increasing demand for convenient, shelf-stable food products, and the rising health consciousness among consumers, the market is projected to further grow at a CAGR of 4.10% between 2024 and 2032 to reach a value of USD 3.44 billion by 2032.

Canned foods have been a staple in Mexican diets due to their convenience and long shelf life. These products include a wide range of food items such as fruits, vegetables, meats, seafood, and ready meals. The growing urbanisation and busier lifestyles are leading more consumers to opt for convenient food options, supporting Mexico canned food market growth.

The growth is largely driven by the increasing urban population and the busy lifestyles of consumers who demand convenient, quick meal solutions. Additionally, the rising awareness of nutritional benefits associated with canned foods, such as their high vitamin content and lack of preservatives, is attracting health-conscious consumers.

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Moreover, improvements in packaging technology that extend the shelf life of products without the use of preservatives and maintain food quality are also boosting the market’s growth. The economic stability and increasing disposable income in Mexico further contribute to the growth by making it easier for consumers to purchase premium and diverse canned food products, consequently driving up the Mexico canned food market share.

Mexican consumers are increasingly seeking out products that offer both convenience and health benefits. There is a growing preference for canned fruits and vegetables due to their prolonged shelf life and retained nutritional value. Organic and non-GMO canned foods are also gaining popularity among health-conscious consumers who are willing to pay a premium for products that are perceived as healthier or more natural.

Another significant trend is the increasing demand for ethnic and gourmet food products, which has led to the introduction of a variety of canned foods that cater to diverse culinary tastes and preferences, including traditional Mexican dishes.

As per the Mexico canned food market analysis, the market is also geographically segmented into the North, Central, and South regions of Mexico. The North region holds a significant share of the market, driven by higher disposable incomes and a greater preference for convenience foods. However, Central and South regions are also expected to show substantial growth due to increasing urbanisation and the expansion of retail formats.

Mexico Canned Food Market Segmentation

The market can be divided based on the source, product, distribution channel, and region.

Market Breakup by Source

  • Organic
  • Conventional

Market Breakup by Product

  • Canned Fruits and Vegetables
  • Canned Meat and Seafood
  • Canned Ready Meals
  • Others

Market Breakup by Distribution Channel

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • E-commerce
  • Others

Market Breakup by Region

  • Baja California
  • Northern Mexico
  • The Bajío
  • Central Mexico
  • Pacific Coast
  • Yucatan Peninsula

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Competitive Landscape of Mexico Canned Food Market

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in Mexico canned food market. Some of the major players explored in the report by Expert Market Research are as follows:

  • ConAgra Brands, Inc.
  • The Kraft Heinz Company
  • Nestle S.A.
  • Campbell Soup Company
  • Del Monte Foods, Inc.
  • Grupo Herdez
  • Conservas La Costeña, SA de CV
  • Others

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