Food Preservation in Mexico - Industry Market Research Report

Food Preservation in Mexico
Over the five years to 2019, the Food Preservation industry in Mexico has grown. The industry has benefited from economic expansion in Mexico and from growth in key export economies, such as the United States. Despite this expansion, the number of industry establishments in Mexico is anticipated to have decreased as companies began to consolidate and merge locations, increasing competition. Regardless, the Mexican economy has expanded during the five-year period, providing a relatively stable platform for the industry to expand. The industry is positioned to continue growing over the five years to 2024, albeit at a significantly slower rate than the previous five-year period. This slow growth is primarily due to the continued saturation of the industry in Mexico, which has created increased levels of competition and forced industry operators to reduce their prices to remain competitive. This industry comprises establishments primarily dedicated to the conservation of fruits, vegetables, stews and other foods prepared by various processes, including freezing, dehydration, canning, pickling, brining and the elaboration of juices, nectars, fruit concentrates and broth concentrates. It excludes the production of candied fruits; seafood- and meat-based foods; frozen bakery products; spices, condiments and seasonings; and fresh foods and juices for immediate consumption. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.