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Report
Mexico Fish Market Report and Forecast 2024-2032
Market Report I 2024-05-02 I 206 Pages I EMR Inc.
Mexico Fish Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Mexico fish market reached a value of around USD 4.10 billion in 2023. Aided by the growing popularity of Mexican delicacies, the rising trend of the pescatarian diet, and the abundance of fishery resources in Mexico, the market is expected to register a CAGR of 3.1% in the forecast period of 2024-2032, to reach USD 5.43 billion by 2032.
The fisheries sector of Mexico contributes to the country's economy through commercial fishing, aquaculture, and seafood exports. Mexico ranks among the top fish and seafood producers globally, with key species including shrimp, tuna, sardines, and tilapia.
The Mexico fish market growth can be attributed to a combination of factors like increasing seafood consumption and the introduction of new fishing approaches. The country's extensive coastline and rich marine biodiversity provide fishery resources, offering a diverse array of species desired by seafood enthusiasts and culinary connoisseurs. From the bountiful waters of the Gulf of Mexico to the pristine Pacific shores, Mexico's coastal regions yield an abundance of fish and shellfish, including snapper, mahi-mahi, and lobster, prized for their freshness and quality.
The Mexico fish market is poised for continued growth and innovation, driven by evolving consumer preferences, technological advancements, and sustainability initiatives. As demand for seafood continues to rise both domestically and internationally, the country presents several opportunities for market players to capitalise on emerging trends and promote culinary excellence that define Mexican seafood culture, consequently driving up the Mexico fish market share.
Additionally, the rising trend towards a pescatarian diet is also driving up demand. Embracing a pescatarian diet comes with numerous health advantages due to its rich omega-3 fatty acids content, which helps in fighting against obesity, heart disease, diabetes, and cancer.
Furthermore, Mexican authorities have implemented public policies aimed at improving the quality of commercial aquaculture by increasing productivity in reservoirs and supporting rural aquaculture, creating profitable growth prospects for the market. The awareness regarding the crucial connections between health, food security, and seafood is growing in Mexico.
Meanwhile, the development of innovative products made from fish species with high nutritional and protein levels at affordable prices is boosting fish consumption in Mexico. The utilisation of advanced processing techniques to transform various fish species into different forms for use in dishes like fish fingers, sandwiches, salads, and croquettes is contributing to the expansion of the market.
As per the Mexico fish market analysis, a wide variety of marine delicacies, ranging from succulent shrimp to flavourful tuna, define Mexico's culinary heritage. Seafood holds a cherished place in Mexican cuisine that symbolise both tradition and innovation, and many restaurants in the region serve ceviche and grilled fish tacos.
The growing popularity of Mexican cuisine on the global stage has fuelled the demand for Mexican seafood products, driving export growth and expanding market opportunities for domestic fishers and exporters. As Mexican flavours continue to captivate international palates, the demand for authentic Mexican seafood experiences is expected to surge, creating new avenues for market expansion and culinary innovation.
Market Segmentation
The market can be divided based on fish type, product type, sector, distribution channel, and region.
Market Breakup by Fish Type
- Mahi-mahi (Dorado)
- Tuna
- Marlin
- Red Snapper
- Others
Market Breakup by Product Type
- Frozen
- Fresh
- Canned
- Others
Market Breakup by Sector
- Organised
- Unorganised
Market Breakup by Distribution Channel
- Institutional
- Retail
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, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Mexico fish market. Some of the major players explored in the report by Expert Market Research are as follows:
- TUNY (Grupo Maritimo Industrial SA de CV)
- SmartFish
- Mau Pacific
- PESMAR (Pescados y Mariscos del Caribe S.A. de C.V.)
- 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 Market Overview
8.1 Key Industry Highlights
8.2 Mexico Fish Historical Market (2018-2023)
8.3 Mexico Fish Market Forecast (2024-2032)
9 Mexico Fish Market by Fish Type
9.1 Mahi-mahi (Dorado)
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Tuna
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Marlin
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Red Snapper
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Others
10 Mexico Fish Market by Product Type
10.1 Frozen
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Fresh
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Canned
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Mexico Fish Market by Sector
11.1 Organised
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Unorganised
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Mexico Fish Market by Distribution Channel
12.1 Institutional
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Retail
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Mexico Fish Market by Region
13.1 Baja California
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Northern Mexico
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 The Bajio
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Central Mexico
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Pacific Coast
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Yucatan Peninsula
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 TUNY (Grupo Maritimo Industrial SA de CV)
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 SmartFish
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Mau Pacific
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 PESMAR (Pescados y Mariscos del Caribe S.A. de C.V.)
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 PINSA Comercial SA de CV
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 LUIS CALVO SANZ S.A.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Fish Market: Key Industry Highlights, 2018 and 2032
2. Mexico Fish Market: Key Industry Highlights, 2018 and 2032
3. Mexico Fish Historical Market: Breakup by Fish Type (USD Billion), 2018-2023
4. Mexico Fish Market Forecast: Breakup by Fish Type (USD Billion), 2024-2032
5. Mexico Fish Historical Market: Breakup by Product Type (USD Billion), 2018-2023
6. Mexico Fish Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
7. Mexico Fish Historical Market: Breakup by Sector (USD Billion), 2018-2023
8. Mexico Fish Market Forecast: Breakup by Sector (USD Billion), 2024-2032
9. Mexico Fish Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
10. Mexico Fish Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
11. Mexico Fish Historical Market: Breakup by Region (USD Billion), 2018-2023
12. Mexico Fish Market Forecast: Breakup by Region (USD Billion), 2024-2032
13. Major Importing Countries by Volume (2022)
14. Major Exporting Countries by Volume (2022)
15. Major Importing Countries by Value (2022)
16. Major Exporting Countries by Value (2022)
17. Mexico Fish Market Structure
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