Market Share of Mexico Plant-Based Food and Beverages Industry
The Mexico plant-based food and beverages market is fragmented, with numerous international and domestic companies. Some of the major players in the market are Unilever Plc, JBS Foods, Danone SA, Heartbest Foods, and Nestle SA. among others. Key companies are focused on increased R&D and innovation along with the acquisition and partnerships to launch a new range of products, For instance, In July 2022, Plant-based food tech company NotCo signed an agreement with restaurant operator Alsea to distribute its NotBurger and NotChicken products throughout Mexico. Additionally, companies compete on a variety of aspects, such as product offerings, quality, taste, flavor, pricing, functionality, packaging, and marketing initiatives, to acquire a competitive advantage in the growing market.
Mexico Plant Based Food and Beverages Market Leaders
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Danone SA
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Nestle SA
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Heartbest Foods
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Unilever Plc
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JBS Foods- Planterra Foods
*Disclaimer: Major Players sorted in no particular order
