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Report
Mexico Fish and Seafood Market Report and Forecast 2024-2032
Market Report I 2024-06-17 I 185 Pages I EMR Inc.
Mexico Fish and Seafood Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Mexico fish and seafood market size reached a value of USD 5.98 billion in 2023. Aided by the growing demand for processed or ready-to-cook seafood, the market is projected to further grow at a CAGR of 5.8% between 2024 and 2032 to reach a value of USD 9.88 billion by 2032.
Fish and seafood are integral components of the Mexican diet, celebrated for their rich nutritional profile, including high-quality protein, omega-3 fatty acids, vitamins, and minerals. This nutrient density plays a vital role in promoting health and preventing chronic diseases, thereby enhancing the market's appeal among health-conscious consumers.
The increasing consumer preference for healthy and diversified food products is driving the Mexico fish and seafood market growth. With rising awareness about the health benefits of seafood consumption, such as heart health improvement and reduced risk of stroke, there has been a significant shift towards incorporating more fish and seafood into daily diets. Additionally, the growing trend of culinary experimentation and the popularity of international cuisines featuring seafood have further contributed to the increasing demand for these products.
The rising awareness of the health benefits associated with seafood consumption, such as the reduction of cardiovascular diseases and improvement in brain function, is a significant driver. Consumers are increasingly seeking nutrient-rich foods, making fish and seafood an attractive option. The growing popularity of diverse culinary practices and international cuisines has spurred demand for various types of fish and seafood. Restaurants and home cooks alike are experimenting with new recipes, thus boosting Mexico fish and seafood market development.
Efforts towards sustainable fishing and aquaculture practices are fostering a positive market outlook. Certifications and eco-labels such as MSC (Marine Stewardship Council) are helping consumers make informed choices, encouraging market growth. Improvements in cold chain logistics, packaging, and preservation techniques are ensuring that high-quality seafood reaches consumers.
The fish and seafood market in Mexico is poised for significant growth over the forecast period, driven by increasing consumer awareness of the health benefits of seafood, advancements in aquaculture, and the rising popularity of diverse culinary traditions. With wild fish stocks under pressure, aquaculture will play a critical role in meeting the growing demand for seafood. Innovations in sustainable aquaculture practices will be pivotal in ensuring environmental balance and market growth.
The adoption of advanced technologies in fish farming, processing, and distribution will enhance product quality and operational efficiency. Blockchain technology, for instance, can provide traceability and transparency in the supply chain, bolstering consumer confidence. The growth of online retail platforms for seafood will continue to rise, driven by the convenience of home delivery and the increasing penetration of digital technology. E-commerce platforms will provide consumers with a wider range of choices and competitive pricing.
According to the Mexico fish and seafood market analysis, as health and wellness trends continue to dominate consumer preferences, demand for fish and seafood, known for their health benefits, will see a steady rise. Products fortified with additional nutrients and innovative seafood snacks will cater to health-conscious consumers. Government initiatives and regulations promoting sustainable fishing practices and aquaculture will support market growth. Policies aimed at reducing illegal fishing and protecting marine ecosystems will be crucial for the long-term sustainability of the seafood industry.
Market Segmentation
The market can be divided based on type, product and region.
Market Breakup by Type
- Molluscs
- Crustaceans
- Fishes
- Others
Market Breakup by Product
- Fresh
- Canned
- Frozen
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajio
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Mexico fish and seafood market. Some of the major players explored in the report by Expert Market Research are as follows:
- TUNY (Grupo Maritimo Industrial SA de CV)
- Del Pacifico Seafoods LLC
- SmartFish
- Mau Pacific
- PINSA Comercial SA de CV
- LUIS CALVO SANZ S.A.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Mexico Fish and Seafood Market Overview
8.1 Key Industry Highlights
8.2 Mexico Fish and Seafood Historical Market (2018-2023)
8.3 Mexico Fish and Seafood Market Forecast (2024-2032)
9 Mexico Fish and Seafood Market by Type
9.1 Molluscs
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Crustaceans
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Fishes
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Others
10 Mexico Fish and Seafood Market by Product
10.1 Fresh
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Canned
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Frozen
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Mexico Fish and Seafood Market by Region
11.1 Baja California
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Northern Mexico
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 The Bajio
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Central Mexico
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Pacific Coast
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Yucatan Peninsula
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter's Five Forces Analysis
12.2.1 Supplier's Power
12.2.2 Buyer's Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
13 Trade Data Analysis
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 TUNY (Grupo Maritimo Industrial SA de CV)
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Del Pacifico Seafoods LLC
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 SmartFish
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Mau Pacific
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 PINSA Comercial SA de CV
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 LUIS CALVO SANZ S.A.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Mexico Fish and Seafood Market: Key Industry Highlights, 2018 and 2032
2. Mexico Fish and Seafood Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Mexico Fish and Seafood Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Mexico Fish and Seafood Historical Market: Breakup by Product (USD Billion), 2018-2023
5. Mexico Fish and Seafood Market Forecast: Breakup by Product (USD Billion), 2024-2032
6. Mexico Fish and Seafood Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Mexico Fish and Seafood Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. Mexico Fish and Seafood Market Structure
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