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Report

Mexico Flavours Market Report and Forecast 2023-2028

Market Report I 2023-03-13 I 84 Pages I EMR Inc.

Mexico Flavours Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the Mexico flavours market attained a value of USD 737.5 million in 2022. Aided by the growing food and beverage industry and increasing demand for innovative flavours, the market is projected to further grow at a CAGR of 8.0% between 2023 and 2028 to reach a value of USD 1164.71 million by 2028.
Flavours are substances used to modify or enhance the taste and aroma of food and beverages. They can be natural, derived from plants, animals, or minerals, or synthetic, created through chemical processes. Flavours are used in various applications, including processed foods, snacks, confectionery, dairy products, and beverages, among others.
The Mexico flavours market growth is driven by the growth of the food and beverage industry, particularly in the processed food, snacks, and confectionery sectors. Changing consumer preferences, increasing disposable income, and the growing demand for convenient and ready-to-eat food products are contributing to the expansion of these industries, in turn, driving the demand for flavours.
Innovative flavours are a significant factor propelling the growth of the Mexico flavours market. With consumers seeking new and unique taste experiences, manufacturers are constantly developing and introducing new flavour profiles to cater to this demand. The increasing popularity of ethnic and exotic flavours, inspired by different regional and international cuisines, is further contributing to the growth of the market.
The growing interest in plant-based diets and the demand for natural and clean-label products are driving the adoption of plant-based flavours in the Mexico flavours market. These flavours are derived from fruits, vegetables, herbs, and spices, and are used to impart natural taste and aroma to various food and beverage products. The increasing consumer awareness about the health benefits associated with the consumption of plant-based ingredients is expected to further fuel the demand for plant-based flavours in the market.
Another key Mexico flavours market trend is the rising health awareness among consumers. As a result, there is a growing demand for natural and clean-label flavours, which are derived from natural sources and free from artificial additives. This has led to an increase in the use of natural flavours in various food and beverage products.
The beverage industry, in particular, is expected to witness significant growth in the demand for flavours. The increasing consumption of soft drinks, energy drinks, and functional beverages, coupled with the rising demand for innovative and unique flavour combinations, is driving the growth of the Mexico flavours market.
Market Segmentation
The market can be divided based on flavouring agent, form, and application.
Market Breakup by Flavouring Agent
- Nature Identical Flavouring Substance
- Artificial Flavouring Substance
- Natural Flavours
Market Breakup by Form
- Liquid
- Dry
Market Breakup by Application
- Beverage
- Bakery and Confectionery Products
- Dairy and Frozen Desserts
- Savouries and Snacks
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Mexico flavour companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Givaudan SA
- Kerry Group
- International Flavors & Fragrances Inc.
- Wild Flavours (ADM)
- Tulip Aromatics de Mexico SA de CV
- 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 Snapshot
6.1 Mexico
7 Opportunities and Challenges in the Market
8 Latin America Flavours Market Overview
8.1 Latin America Flavours Historical Market (2018-2022)
8.2 Latin America Flavours Market Forecast (2023-2028)
8.3 Latin America Flavours Market by Country
8.3.1 Market Share
8.3.1.1 Brazil
8.3.1.2 Mexico
8.3.1.3 Argentina
8.3.1.4 Others
9 Mexico Flavours Market Analysis
9.1 Key Industry Highlights
9.2 Mexico Flavours Historical Market (2018-2022)
9.3 Mexico Flavours Market Forecast (2023-2028)
9.4 Mexico Flavours Market by Flavouring Agent
9.4.1 Nature Identical Flavouring Substance
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Artificial Flavouring Substance
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Natural Flavours
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.5 Mexico Flavours Market by Form
9.5.1 Liquid
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Dry
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.6 Mexico Flavours Market by Application
9.6.1 Beverage
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Bakery and Confectionery Products
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
9.6.3 Dairy and Frozen Desserts
9.6.3.1 Market Share
9.6.3.2 Historical Trend (2018-2022)
9.6.3.3 Forecast Trend (2023-2028)
9.6.4 Savouries and Snacks
9.6.4.1 Market Share
9.6.4.2 Historical Trend (2018-2022)
9.6.4.3 Forecast Trend (2023-2028)
9.6.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Givaudan SA
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Kerry Group
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 International Flavors & Fragrances Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Wild Flavours (ADM)
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Tulip Aromatics de Mexico SA de CV
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Key Trends and Developments in the Market

Additional Customisations Available

1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment

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