Market Forecast By Product Type (Processed Meat, Frozen Meat, Chilled Meat, Canned Meat, Fresh Meat), By Animal Type (Cattle and Buffalo, Pig, Poultry, Sheep and Goat, Other Animals), By Distribution Channel (Business to Consumers (B2C), Modern Groceries, Wet & Butcher Shops, Convenience Stores, Business to Business (B2B), Other Channel) And Competitive Landscape
Product Code: ETC407819 | Publication Date: Oct 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Mexico Hams, Shoulders and Cuts of Swine Market report thoroughly covers the market by product type, animal type and distribution channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Mexico Hams, Shoulders and Cuts of Swine Market is experiencing significant growth and is projected to attain more growth in the coming years due to the increasing popularity of traditional Mexican cuisines that prominently feature pork in various forms, from carnitas to chicharrón. The country’s pork production industry has adapted to these evolving market dynamics by enhancing farming practices, ensuring higher quality standards, and adopting sustainable measures.
According to 6Wresearch, Mexico Hams, Shoulders and Cuts of Swine Market size is expected to grow at a significant CAGR of 4% during 2024-2030. Several factors are driving the growth of Mexico Hams, Shoulders and Cuts of Swine Market such as the cultural significance of pork in traditional Mexican cuisine cannot be overstated. Dishes such as carnitas and al pastor are staples in Mexican households and eateries, maintaining a steady domestic demand for pork products. Apart from this, technological advancements in farming and processing techniques have resulted in more efficient production, better quality control, and reduced environmental impact. Such improvements enhance the appeal of Mexican pork products on the global stage, promising a healthier and more sustainable choice for consumers.
However, Mexico Hams, Shoulders and Cuts of Swine Market faces few restraints such as the fluctuation in feed prices, primarily corn and soy, which are staple inputs in pork production. Such volatility can significantly impact production costs, squeezing margins for producers, and potentially leading to higher prices for consumers. Apart from this, the global trade environment remains uncertain, with geopolitical tensions and potential shifts in trade policies posing risks to Mexico's pork export markets. Ensuring access to key markets demands navigating a complex landscape of international trade agreements and regulatory compliance.
Mexico Hams, Shoulders and Cuts of Swine Market is defined by the presence of several key players. These players are growing the market through investment in technology, product development and market expansion strategies. Key players are Grupo Bafar, JBS, Sigma Alimentos.
Mexico Hams, Shoulders and Cuts of Swine Market is growing and government’s regulation and policies are helping in extension of the market. The government's investment in research and development to combat diseases like African Swine Fever (ASF), aiming to safeguard the swine population and mitigate the risk of outbreaks. Apart from this, government is also actively working to expand international markets for Mexican pork products through diplomatic channels and trade negotiations, aiming to secure more favourable terms and access to new markets. This includes advocating for the industry in global forums and working towards the alleviation of trade barriers that hamper export growth.
The future of Mexico Hams, Shoulders and Cuts of Swine Market looks bright due to various factors such as increasing global demand for high-quality, sustainable food products presents a significant opportunity for the market. Mexican pork producers who prioritize environmental sustainability and animal welfare in their operations could tap into new segments of consumers both domestically and internationally. Additionally, technological advancements in farming and production processes are poised to redefine efficiency and sustainability in pork production, potentially lowering costs and reducing environmental footprints.
According to Ravi Bhandari, Research Head, 6Wresearch, Frozen Meat segment is poised for significant growth in the future attributed to a combination of factors including innovations in freezing technology, which have markedly improved the taste and nutritional preservation of frozen pork products.
Poultry segment is poised for the most significant growth in the future attributed to increasing global focus on sustainable eating habits further amplifies poultry's position, as chicken production typically requires less feed, water, and land compared to red meats, making it a more environmentally friendly option.
Business to Consumers (B2C) segment is expected to grow significantly in coming years due to advancements in technology and a shift in consumer habits towards convenience and efficiency, underpins this forecast.
The report offers a comprehensive study of the subsequent market segments: