Key regions: United States, Brazil, United Kingdom, Spain, Italy
Mexico is a country with a rich culinary culture that includes a variety of dairy products. One of the most popular dairy products in Mexico is milk, which is consumed in various forms. The Milk market in Mexico has been developing over the years, and there are several reasons why this is the case.
Customer preferences: Mexicans have a strong preference for fresh milk, which is why the majority of milk consumed in Mexico is unpasteurized. However, there is a growing demand for pasteurized milk due to health concerns. In addition, flavored milk is also becoming increasingly popular among Mexican consumers, especially among children and young adults.
Trends in the market: One of the key trends in the Milk market in Mexico is the increasing demand for organic and plant-based milk. This trend is being driven by health-conscious consumers who are looking for alternatives to traditional dairy products. Another trend is the growing popularity of milk-based beverages such as smoothies and milkshakes. This trend is being fueled by the increasing number of cafes and juice bars in Mexico.
Local special circumstances: Mexico is the largest producer of milk in Latin America, and the fourth largest in the world. The country has a well-developed dairy industry, with a large number of small and medium-sized dairy farms. However, the industry is facing several challenges, including low productivity and high production costs. In addition, there are concerns about the quality and safety of milk in Mexico, which has led to increased regulations and standards.
Underlying macroeconomic factors: The Milk market in Mexico is influenced by several macroeconomic factors, including population growth, urbanization, and income levels. As the population grows and becomes more urbanized, the demand for milk and dairy products is likely to increase. In addition, as incomes rise, consumers are likely to spend more on higher-quality milk and dairy products. However, the market is also influenced by factors such as government policies, trade agreements, and global economic conditions.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
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