Other Food Manufacturing in Mexico - Industry Market Research Report

Eat up: Rising consumer spending levels and lower commodity prices have spurred industry revenue growth

Other Food Manufacturing in Mexico
The Other Food Manufacturing industry in Mexico is made up of establishments that produce snacks, coffee, tea, concentrates, powders, syrups, beverage flavorings, condiments and dressings and other food products not classified elsewhere. Over the five years to 2019, the industry has experienced favorable conditions that culminated in rising revenue. As disposable income levels in Mexico rose, consumer spending has grown. Furthermore, prompted by favorable commodity prices and an expanding industrial production index, multinational manufacturers have been incentivized to set up or expand their operations in Mexico. Positive economic conditions in Mexico are anticipated to persist over the five years to 2024, which is expected to benefit the industry. Consumer spending in Mexico is expected to continue increasing over the next five years, which should stimulate greater levels of domestic demand for industry products. Furthermore, relatively low industry wages and access to the nation's key agricultural industries will likely incentivize global operators to expand their operations.This industry comprises establishments dedicated primarily to the production of snacks, coffee, tea, concentrates, powders, syrups, beverage flavorings, condiments and dressings and other food products not classified elsewhere. This industry excludes establishments that primarily produce juices and concentrates; cane sugar; tomato sauces, hot sauces; inedible pigments and dyes; salt mining; roasting coffee for direct sale to the public; and retailing prepared food. 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.