Country Profile: Dairy & Soy Food Sector in Mexico

2017-06-29
Price :
Published : Jun-2017
No. of Pages : 158

Country Profile: Dairy & Soy Food Sector in Mexico

Summary

Mexican Dairy & Soy Food sector accounted for a volume share of 3.8% of the global market and 21.3% of the regional (North America) market in 2016. The sector was valued at Mex$284,098.7 Million (US$15,219.8 Million) in 2016 and is forecast to grow at a CAGR of 4.2% during 2016-2021. Growing consumer demand for high calcium products and gain in purchasing power are the key growth drivers for the sector. Per capita consumption of Dairy & Soy Food products stood at 79.3kg when compared to the global and North America levels of 50kg and 93.5kg, respectively, in 2016.

Milk is the largest with value sales of Mex$148,311.9 Million (US$7,945.4 Million) in 2016. Furthermore, it is expected to grow at a CAGR of 4% during the forecast period (2016-2021), while the Cream market is expected to record the fastest CAGR of 8.4% during the same period.

Convenience Stores account for a leading share in the distribution of Dairy & Soy Food products in Mexico. In 2016, Convenience Stores held 36.9% value share, followed by
Food & Drinks Specialists with 24.5% share. Hypermarkets & Supermarkets and On-trade transactions accounted for shares of 21.6% and 13%, respectively, in the same year. Rigid Plastics is the commonly used packaging material in the Mexican Dairy & Soy Food sector. In 2016, it accounted for a volume share of 38.1%, followed by Paper & Board and Rigid Metal with shares of 37.4% and 15.8% respectively.

Health & Wellness attributes such ‘Naturally Healthy’ and ‘Food Minus’ and consumer benefits such as ‘General Wellbeing’ and ‘Weight & Shape Management’ are the most sought after Health & Wellness claims in the Mexican Dairy & Soy Food sector. Mexico’s GDP per capita grew at a CAGR of 4.6% during 2011-2016. A growing economy and a large young population have a positive impact on the Dairy & Soy Food sector.

Lala is the leading brand in the Mexican Dairy & Soy Food sector. The top five brands in the sector accounted for 43.4% value share, while private labels held 0.6% share by value in 2016.

The report “Country Profile: Dairy & Soy Food Sector in Mexico” provides insights on high growth markets to target, trends in the usage of packaging materials, category level distribution channel data and market share of brands.

In depth, this report provides the following analysis –
– Market Data: Overall market value and volume data with growth analysis for 2011-2021. The overall market value and volume included in the report is split on the basis of On-trade and Off-trade
– Category Coverage: Value and growth analysis for Butter & Spreadable Fats, Cheese, Cream, Dairy-Based & Soy-Based Desserts, Drinkable Yogurt, Fromage Frais & Quark, Milk, Soymilk & Soy Drinks, and Yogurt with inputs on individual category share within each market and the change in their market share forecast for 2016-2021
– Leading Players: Market share of brands and private labels, including private label growth analysis from 2011-2016
– Distribution Data: Percentage of sales within each market through distribution channels such as On-trade, Cash & Carries and warehouse Clubs, Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, eRetailers and others
– Packaging Data: consumption breakdown for packaging materials and container types in each market, in terms of percentage share of number of units sold. Packaging material data for Glass, Flexible Packaging, Paper & Board, Rigid Plastics, and others; container data for: Carton, Film, Bag/Sachet, Tub, Wrapper, Bottle, and Tube.

Companies mentioned in this report: Grupo Lala, S.A. de C.V., Ganaderos Productores De Leche Pura Sa De Cv, LICONSA S.A. DE C.V., Leche Guadalajara SA de CV, General Mills, Inc., Chilchota Alimentos Sa De Cv, Group Agroindustrial Zaragoza, Derivados De Leche La Esmeralda Sa De Cv, Sigma Alimentos SA de CV.

Scope

– The Dairy & Soy Food sector in Mexico is forecast to grow at 4.2% CAGR in value terms during 2016-2021
– Per capita consumption in the Milk market is noticeably higher compared to other markets in Mexico
– Convenience Stores leads the distribution of Dairy & Soy Food products in Mexico
– Lala is the leading brand in the Mexican Dairy & Soy Food sector
– Rigid Plastics is the commonly used packaging material in the Mexican Dairy & Soy Food sector

Reasons to buy

– Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
– Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
– Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning
– Manufacturers can identify the opportunities to position products with H&W attributes/benefits
– Access the key and most influential consumer trends driving Dairy & Soy Food products consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target
– Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
– The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
– Analysis on key macro-economic indicators such as GDP per capita, population (overall and breakdown by age), and consumer price index. It also covers a comparative analysis of political, economic, socio-demographic, and technological indicators (PEST) across 50 countries.

Filed in: Food & Beverage
Publisher : GlobalData
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