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Mexico Flavoured Milk Market Report and Forecast 2024-2032
Market Report I 2024-06-20 I 204 Pages I EMR Inc.
Mexico Flavoured Milk Market Report and Forecast 2024-2032
Market outlook
According to the report by Expert Market Research (EMR), the Mexico flavoured market size reached a value of USD 1.76 billion in 2023. Aided by the increasing demand for dairy-based beverages and the growing applications of flavoured milk in various sectors, the market is projected to further grow at a CAGR of 8.6% between 2024 and 2032 to reach a value of USD 3.71 billion by 2032.
Flavoured milk, a dairy beverage enriched with flavours such as chocolate, strawberry, and vanilla, has gained substantial popularity among consumers of all age groups. This beverage combines the nutritional benefits of milk with appealing flavours, making it a preferred choice for a nutritious and tasty drink.
The increasing consumer preference for dairy-based beverages is driving the Mexico flavoured milk market growth. With the growing awareness of the health benefits associated with milk consumption, there has been a significant shift towards flavoured milk as a healthier alternative to sugary soft drinks. The presence of essential nutrients such as calcium, protein, and vitamins in flavoured milk further boosts its demand among health-conscious consumers.
Moreover, the expanding applications of flavoured milk in various sectors play a significant role in propelling the market. In the food and beverage sector, flavoured milk is used as a key ingredient in smoothies, shakes, and desserts. The rising trend of health and fitness has further contributed to the increasing popularity of flavoured milk, as it is often consumed as a post-workout recovery drink by athletes and fitness enthusiasts.
The growing trend of on-the-go consumption is another driving factor for the market. As consumers lead increasingly busy lifestyles, the demand for convenient and ready-to-drink beverages has surged. Flavoured milk, available in portable packaging, fits well into this trend, making it a popular choice among busy professionals and students, consequently driving up the Mexico flavoured milk market share.
In the fitness and wellness sector, flavoured milk is consumed as a post-workout recovery drink. The high protein content in milk aids in muscle recovery and growth, while the carbohydrates replenish energy levels. The increasing focus on health and fitness is driving the demand for flavoured milk among athletes and fitness enthusiasts.
The hospitality sector also benefits significantly from flavoured milk, which is served as a refreshing beverage in hotels, restaurants, and cafes. The growing trend of offering healthy and nutritious options in the hospitality sector is driving the adoption of flavoured milk. Additionally, flavoured milk is used in the preparation of various culinary dishes, adding richness and flavour to the recipes.
The retail sector plays a crucial role in the distribution of flavoured milk. Supermarkets, convenience stores, and online platforms offer a wide range of flavoured milk products to cater to different consumer preferences. The convenience and accessibility of these retail channels contribute to the widespread availability of flavoured milk, driving market growth.
As per the Mexico flavoured milk market analysis, Northern Mexico is a significant market for flavoured milk, characterised by the growing adoption of healthy beverages and the increasing emphasis on nutritional products. The region's focus on innovation and the presence of major dairy companies are driving the market growth. Cities such as Monterrey and Tijuana are leading the market in this region.
Market Segmentation
The market can be divided based on flavour type, packaging, distribution channel, and region
Market Breakup by Flavour Type
- Chocolate
- Fruit
- Vanilla
- Coffee
- Hazelnut
- Others
Market Breakup by Packaging
- Paper Based
- Plastic Based
- Glass Based
- Metal Based
- Others
Market Breakup by Distribution Channel
- Hypermarkets and Supermarkets
- Speciality Stores
- Convenience Stores
- Online
- Others
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 Mexico flavoured milk market. some of the major players explored in the report by expert market research are as follows:
- Grupo Lala
- Ganaderos Productores de Leche Pura, S.A.P.I. de C.V (Alpura)
- Sigma Alimentos, S.A de C.V.
- NESTLE Mexico, S.A. de C.V.
- Danone de Mexico
- Hershey Mexico S.A. de C.V.
- 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 Latin America Flavoured Milk Market Overview
8.1 Key Industry Highlights
8.2 Mexico Flavoured Milk Historical Market (2018-2023)
8.3 Mexico Flavoured Milk Market Forecast (2024-2032)
9 Mexico Flavoured Milk Market Overview
9.1 Key Industry Highlights
9.2 Mexico Flavoured Milk Historical Market (2018-2023)
9.3 Mexico Flavoured Milk Market Forecast (2024-2032)
10 Mexico Flavoured Milk Market by Flavour Type
10.1 Chocolate
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Fruit
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Vanilla
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Coffee
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Hazelnut
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Mexico Flavoured Milk Market by Packaging
11.1 Paper Based
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Plastic Based
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Glass Based
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Metal Based
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Mexico Flavoured Milk Market by Distribution Channel
12.1 Hypermarkets and Supermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Speciality Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Convenience Stores
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Online
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Mexico Flavoured Milk 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 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Grupo Lala
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Ganaderos Productores de Leche Pura, S.A.P.I. de C.V (Alpura)
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Sigma Alimentos, S.A de C.V.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 NESTLE Mexico, S.A. de C.V.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Danone de Mexico
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Hershey Mexico S.A. de C.V.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Mexico Flavoured Milk Market: Key Industry Highlights, 2018 and 2032
2. Mexico Flavoured Milk Historical Market: Breakup by Flavour Type (USD Billion), 2018-2023
3. Mexico Flavoured Milk Market Forecast: Breakup by Flavour Type (USD Billion), 2024-2032
4. Mexico Flavoured Milk Historical Market: Breakup by Packaging (USD Billion), 2018-2023
5. Mexico Flavoured Milk Market Forecast: Breakup by Packaging (USD Billion), 2024-2032
6. Mexico Flavoured Milk Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Mexico Flavoured Milk Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Mexico Flavoured Milk Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Mexico Flavoured Milk Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. Mexico Flavoured Milk Market Structure
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