Mexico is among the fastest growing economies in the North American region. In last decade, the country has suffered from many issues regarding politics, drugs, mafia and civil war. However, since last few years due to the support from the major developed countries and international financial organization, Mexico has recorded significant boost in terms of economic development. Rapid infrastructure development, industrialization and rising rate of urbanization also played considerable role in rapid economic growth. The plant protein market in the country is growing at a rapid rate due to rising consumption across food industry. Plant protein market of Mexico shares around 14% of North America plant protein market. Rising supplement product consumption and growing demand of healthy ingredients from food industry would result in rapid expansion of plant protein market in Mexico.
Rapid urbanization has changed the lifestyle and consequent dietary pattern leading to increasing awareness about the protein-based products among the Mexicans. This factor is one of the major driver of quickly expanding plant protein industry in the country. The income of most of the middle-income families is growing in the country which has resulted in demand of high quality food, beverage and supplement products. Soy protein is one of the most popular plant protein in the country, the application of which across the food industry is high compared to other protein types. The market of other emerging protein types such as pea protein, rice protein, chickpea protein and pumpkin seed protein ranges from very low to medium, however with rising global manufactures intending to expand their operations and marketing expenditure in the country, the demand of these protein types is estimated to increase in coming years.
Whey protein is one of the most popular protein types across the dietary supplements industry and it presents one of the major restraint to the plant protein market in the country. Other restraints include less development in protein extraction process of novel protein types, very low awareness about the plant protein based products and low affordability for majority of the population. These restraints are expected to be overcome by the companies through high level of collaboration with the leading research institutes and the universities along with marketing strategy. There are not many major plant protein producers in the Mexico, due to less technological know-how and low financial capability of the companies. This would provide less local competition to the foreign investors to invest in the plant protein market of the country. The global players plan to drive aggressive marketing strategies that would aid the development of huge customer base leading to continuous growth of plant protein market in the country.
Key Deliverables
Rapid urbanization has changed the lifestyle and consequent dietary pattern leading to increasing awareness about the protein-based products among the Mexicans. This factor is one of the major driver of quickly expanding plant protein industry in the country. The income of most of the middle-income families is growing in the country which has resulted in demand of high quality food, beverage and supplement products. Soy protein is one of the most popular plant protein in the country, the application of which across the food industry is high compared to other protein types. The market of other emerging protein types such as pea protein, rice protein, chickpea protein and pumpkin seed protein ranges from very low to medium, however with rising global manufactures intending to expand their operations and marketing expenditure in the country, the demand of these protein types is estimated to increase in coming years.
Whey protein is one of the most popular protein types across the dietary supplements industry and it presents one of the major restraint to the plant protein market in the country. Other restraints include less development in protein extraction process of novel protein types, very low awareness about the plant protein based products and low affordability for majority of the population. These restraints are expected to be overcome by the companies through high level of collaboration with the leading research institutes and the universities along with marketing strategy. There are not many major plant protein producers in the Mexico, due to less technological know-how and low financial capability of the companies. This would provide less local competition to the foreign investors to invest in the plant protein market of the country. The global players plan to drive aggressive marketing strategies that would aid the development of huge customer base leading to continuous growth of plant protein market in the country.
Key Deliverables
- Market trends since 2014 and five year forecasts of market growth
- Detailed analysis of the micro and macro elements influencing demand trends
- Identifying opportunity spaces across segments and countries
- Supply & demand side trend and analysis
- Price trend analysis, investment prospects and competition pattern
- Insights on growth potential of the market
- Detailed analysis of major producers covering financial investments & strategies adopted
- Competitive landscape of the industry
Table of Contents
1. Introduction
2. Summary
3. Industry Dynamics
4. Market Size and Forecast
5. Competitive Analysis
6. Company Profiles
Appendix
Companies Mentioned
- DuPont
- ADM
- Cargill
- Bunge
- Mead Johnson
- CHS
- Scoular
- Roquette Freres Le Romarin
- Burcon NutraScience
- MGP Ingredients
- Axiom Foods
- Tate & Lyle Plc
- Fonterra
- Kerry
- Omega Protein Corporation
- Glanbia PLC
- Beneo-Pa
