The Mexico meat market size is projected to grow at a CAGR of 6.10% between 2025 and 2034. The market is being aided by the rising disposable incomes of the growing middle-class population in the country.
As per the USDA Global Agricultural Information network, the consumption of chicken meat in Mexico is expected to record a y-o-y growth of 3% in 2024. Due to the rising consumption of frozen meat products by Mexican consumers, the annual production is expected to reach 4.9 MMT in 2024. This is expected to favourably drive the Mexico meat market expansion over the forecast period.
The minimum wage rate of Mexican consumers recorded an increase of $6.00 between 2018-2024, which is further expected to boost the market growth. In 2023, remittances reached an all-time high in Mexico, which is also expected to favour the development of the market.
Increasing investments in researching innovative ways of producing cultured meat are expected to drive the Mexico meat market growth. This is because artificially grown meat is a more sustainable and ethical option for consumption. Moreover, since it is grown in labs, its fat content and cholesterol levels can be modified to enhance its nutritional profile, which can attract vegetarian consumers. Increasing focus on health and wellness is a primary driver of the market, which is prompting startups like Forma Foods to invest in the cultivation and large-scale commercialisation of in vitro meat.
As per the USDA Global Agricultural Information network, the consumption of chicken meat in Mexico is expected to record a y-o-y growth of 3% in 2024. Due to the rising consumption of frozen meat products by Mexican consumers, the annual production is expected to reach 4.9 MMT in 2024. This is expected to favourably drive the Mexico meat market expansion over the forecast period.
The minimum wage rate of Mexican consumers recorded an increase of $6.00 between 2018-2024, which is further expected to boost the market growth. In 2023, remittances reached an all-time high in Mexico, which is also expected to favour the development of the market.
Increasing investments in researching innovative ways of producing cultured meat are expected to drive the Mexico meat market growth. This is because artificially grown meat is a more sustainable and ethical option for consumption. Moreover, since it is grown in labs, its fat content and cholesterol levels can be modified to enhance its nutritional profile, which can attract vegetarian consumers. Increasing focus on health and wellness is a primary driver of the market, which is prompting startups like Forma Foods to invest in the cultivation and large-scale commercialisation of in vitro meat.
Market Segmentation
Mexico Meat Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:Market Breakup by Type:
- Raw
- Processed
Market Breakup by Product:
- Beef
- Pork
- Chicken
- Mutton
- Others
Market Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Speciality Stores
- Departmental Stores
- Online Stores
- Others
Market Breakup by Region:
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
Competitive Landscape
The key Mexico meat market players are:
- Industrias Bachoco, S.A. de C.V.
- Sigma Alimentos, S.A. de C.V.
- Sukarne, S.A. de C.V.
- JBS S.A. (Pilgrim's)
- Cargill Inc.
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Latin America Meat Market Overview
6 Mexico Meat Market Overview
7 Mexico Meat Market by Type
8 Mexico Meat Market by Product
9 Mexico Meat Market by Distribution Channel
10 Mexico Meat Market by Region
11 Market Dynamics
12 Trade Data Analysis (HS Code - 201, 0203, 0204)
13 Competitive Landscape
Companies Mentioned
- Industrias Bachoco, S.A. de C.V.
- Sigma Alimentos, S.A. de C.V.
- Sukarne, S.A. de C.V.
- JBS S.A. (Pilgrim’s)
- Cargill Inc.
