Market Size of Fruits & Vegetables Industry in Mexico
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 2.30 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Mexican Fruits and Vegetables Market Analysis
The Mexican fruits and vegetable market is projected to register a CAGR of 2.3% during the forecast period.
- Tomatoes, bananas, chili peppers, oranges, lemons, limes, mangos, and avocados are commonly grown fruits and vegetables in Mexico. The growth of the fruit market in Mexico is driven by various public and private initiatives to increase agricultural production.
- For instance, in 2021, Fortune Growers, a fresh produce company based in Elgin, Illinois, partnered with the Mexican government to strengthen the growth of Mexican produce. With its latest initiative, the company is working closely with small and medium-sized growers across Mexico by creating logistical methods that would increase trade and facilitate growth.
- Mexico is a key exporter of these commodities to the United States due to the Free-trade agreement under USMCA (U.S. - Mexico - Canada Agreement), which helps the United States and Mexico to move goods free of tax.
- Further, orange was the most consumed fruit in Mexico in 2022, with an average per capita consumption of 37.2 kg. Lime ranked second with a per capita consumption of 15.1 kg, followed by banana and mango. Among vegetables, green chili was the most consumed legume or vegetable in 2021, with an average per capita consumption of 16.9 kg, followed by potatoes and tomatoes.
- Fruit and vegetable consumption in the country had declined over the years as fruit, and vegetable-based foods were being replaced with modern self-service stores boosting consumption of instant soups. Hence, there is a need for better marketing campaigns to boost the consumption of fresh and locally produced fruits and vegetables, which are cheaper, and help local growers increase their business.
- The climatic advantages that allow the country to produce fruits and vegetables year-round and increased demand from the United States are the prime drivers of the market studied.
Mexican Fruits and Vegetables Industry Segmentation
Fruits and vegetables are considered edible parts of plants (e.g., seed-bearing structures, flowers, buds, leaves, stems, shoots, and roots), either cultivated or harvested wild, in their raw state, or a minimally processed form.
The Mexico fruits and vegetable market is segmented by crop type (fruits and vegetables). The report offers production (volume), consumption (volume and value), imports (volume and value), exports (volume and value), and price trend analysis of fruits and vegetables within the country.
The report offers market estimation and forecasts in terms of volume (metric ton), and Value (USD thousand) for the segment studied.
Crop Type (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend Analysis) | |
Fruits | |
Vegetables |
Fruits & Vegetables Market in Mexico Size Summary
The Mexican fruits and vegetables market is experiencing steady growth, driven by favorable climatic conditions and strategic agricultural initiatives. Key crops such as tomatoes, bananas, chili peppers, oranges, lemons, limes, mangos, and avocados are extensively cultivated, with Mexico being a significant exporter to the United States under the USMCA trade agreement. The country's diverse climate allows for year-round production, and the adoption of protected agriculture technologies has enhanced yields, particularly for tomatoes. Despite a decline in domestic consumption due to the rise of convenience foods, efforts are underway to promote fresh, locally produced produce, which remains economically beneficial for local farmers.
Mexico's agricultural sector is bolstered by investments in protected culture structures, enabling the production of organic and high-value crops for export. The United States is the primary export destination, with a substantial portion of fresh vegetable imports sourced from Mexico, especially during the winter months. The market's growth is supported by strategic collaborations and projects aimed at increasing crop yields and enhancing competitiveness among producers. As a result, the Mexican fruits and vegetables market is poised for continued expansion, leveraging its climatic advantages and strong trade relationships.
Fruits & Vegetables Market in Mexico Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Crop Type (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend Analysis)
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2.1.1 Fruits
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2.1.2 Vegetables
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Fruits & Vegetables Market in Mexico Market Size FAQs
What is the current Mexico Fruits & Vegetables Market size?
The Mexico Fruits & Vegetables Market is projected to register a CAGR of 2.30% during the forecast period (2024-2029)
What years does this Mexico Fruits & Vegetables Market cover?
The report covers the Mexico Fruits & Vegetables Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Fruits & Vegetables Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.