Key regions: United Kingdom, Germany, United States, Spain, Italy
The Other Livestock Products market in Mexico is showing positive signs of growth and development.
Customer preferences: Mexican consumers have shown a growing interest in alternative sources of protein, such as those provided by Other Livestock Products. This trend is in line with global consumer preferences, as many people are looking for healthier and more sustainable options when it comes to their diets. Additionally, there is a growing demand for organic and natural products, which is also contributing to the development of the Other Livestock Products market in Mexico.
Trends in the market: One of the key trends in the Other Livestock Products market in Mexico is the increasing production of goat meat. Goat meat has been a traditional part of the Mexican diet for many years, but it is now gaining popularity as a healthier and more sustainable alternative to beef and pork. As a result, many farmers are investing in goat production, which is driving up supply and making the meat more widely available.Another trend in the market is the increasing demand for exotic meats, such as ostrich and bison. These meats are becoming more popular in high-end restaurants and among consumers who are looking for unique and interesting flavors. While the market for these meats is still relatively small, it is expected to continue to grow in the coming years.
Local special circumstances: Mexico has a rich culinary tradition that includes a wide variety of meats and other animal products. This has helped to create a strong market for Other Livestock Products, as consumers are open to trying new and different types of meat. Additionally, Mexico has a large rural population that is involved in agriculture and livestock production, which has helped to create a strong supply chain for Other Livestock Products.
Underlying macroeconomic factors: Mexico is one of the largest economies in Latin America, with a growing middle class and a strong agricultural sector. This has helped to create a favorable environment for the development of the Other Livestock Products market. Additionally, Mexico has a favorable climate for livestock production, with many regions that are well-suited for raising goats, ostriches, and other animals. Finally, the Mexican government has been supportive of the agricultural sector, providing funding and other resources to help farmers and producers expand their operations and increase production.
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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