Key regions: Germany, Brazil, Spain, Italy, United Kingdom
Mexico, a country known for its rich culture and delicious cuisine, has a thriving vegetables market that is constantly evolving.
Customer preferences: Mexican consumers are increasingly health-conscious and are looking for fresh and nutritious produce. As a result, there has been a growing demand for organic vegetables in recent years. Additionally, due to the country's strong agricultural industry, consumers are able to access a wide variety of vegetables at affordable prices.
Trends in the market: One of the major trends in the Mexican vegetables market is the increasing popularity of locally sourced produce. Consumers are becoming more aware of the environmental impact of importing vegetables from other countries and are opting for locally grown produce instead. This trend is also driven by the desire to support local farmers and promote sustainable agriculture practices.Another trend in the market is the growing popularity of convenience foods. With busy lifestyles, consumers are looking for quick and easy meal solutions, and pre-cut and pre-packaged vegetables are becoming increasingly popular. This trend is expected to continue as more consumers prioritize convenience in their food choices.
Local special circumstances: Mexico's proximity to the United States has led to a strong export market for vegetables. The country has a favorable climate for growing a wide variety of produce, including tomatoes, avocados, and peppers, which are in high demand in the US market. Additionally, Mexico has a large domestic market for vegetables, with a growing middle class that is increasingly interested in healthy eating.
Underlying macroeconomic factors: Mexico's agricultural industry is a key driver of the country's economy, and the government has made significant investments in the sector in recent years. Additionally, the country's trade agreements with other countries, such as the United States and Canada, have helped to boost the export market for vegetables. However, there are also challenges facing the industry, such as water scarcity and the need for more sustainable farming practices.
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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