Sector Trend Analysis – Plant-based food trends in Mexico

Note: This report includes forecasting data that is based on baseline historical data.

Executive summary

Retail sales of plant-based food are still negligible in Mexico. However, the market this is expected to change over the forecast period as more products become available (Euromonitor International,2022). Growing health concerns on obesity and diabetes might also encourage Mexican consumers to shift from meat to plant-based food.

In 2022, market size for plant-based protein ingredients (non-animal derived proteins) in Mexico was weighed at 96.6 thousand tonnes. From 2017 to 2022, sales of plant-based protein ingredients recorded a compound annual growth rate (CAGR) of 5.4%. During the 2022-2027 period, sales of plant-based protein ingredients is forecast to record a CAGR of 3.9%, reaching 117.1 thousand tonnes in 2026.

In Mexican food market, plant-based protein ingredients are most used in pet food products. In 2022, 88.5 tonnes of plant-based protein ingredients were used in pet food (80.2 tonnes used in dog food). During the 2022-2027 period, demand of plant-based protein ingredients in pet food is forecast to record a CAGR of 0.2%, reaching 89.6 tonnes in 2026.

In 2021, Mexico was the 22nd largest importer of plant-based protein ingredients in the world. The country recorded total imports valued at US$792.8 million in 2021, which increased at a CAGR of 2.1% from 2017. In 2021, Canada was Mexico's 13th largest plant-based protein ingredients in 2021, representing 0.5% market share or US$ 3.9 million. Among plant-based protein ingredients that Mexico imported from Canada, wheat gluten saw the highest growth at a CAGR of 710.3% from 2017 to 2021.

According to data from Mintel, 138 plant-based food products were launched in Mexico between 2017 and 2021. Snacks, bakery, and Processed fish, meat & egg products were top categories of newly released plant-based food launches while social media, kosher, and no additives/preservatives were top claims associated with plant-based food released during the prescribed period. PepsiCo, Kellogg, and Haribo were the three companies with the most launches in the past five years.

 

Market overview

As patent activity in plant-based food and drink continues to grow around the world, innovators are actively developing more sophisticated meat substitutes, be it through ever more complex meat-like products, or increasing realism in appearance, texture, or cooking experience (Mintel, 2021). Despite recent reports about declining sales driven primarily by some companies' unrealistic forecasts, plant-based trend continues to grow in retail sales and in foodservice (Euromonitor International,2022).

Motivated by consumers' increasing health, sustainability/environmental and animal welfare concerns, plant-based eating, consumption of alternative proteins, and the move away from animal-derived food products are continuing to grow in the markets like Mexico. According to Euromonitor International, while the number of vegan or vegetarian consumers is small worldwide, the number who are trying to limit their animal product consumption is much more significant for meat that has now reached 22.5% globally.

The demand for plant-based food products is increasing in Mexico (USDA, 2022). The ongoing Covid-19 pandemic has encouraged Mexican consumers to focus their diet on healthier options. Surveys conducted by Euromonitor International found that 67% of respondents (versus a global average of 56%) reported looking for health ingredients in food and drink, 30% of respondents said they were trying to reduce their meat consumption, and 90% of the respondents indicated they would like to intake plant-based proteins more often (Euromonitor International, Ministerie van Landbouw, Natuur en Voedselkwaliteit, 2022).

Retail sales of plant-based food are still negligible in Mexico. However, the market this is expected to change over the forecast period as more products become available (Euromonitor International,2022). Growing health concerns on obesity and diabetes might also encourage Mexican consumers to shift from meat towards plant-based food.

Market size

In 2022, market size of plant-based protein ingredients (non-animal derived proteins) in Mexico was valued at 96.6 thousand tonnes. From 2017 to 2022, sales of plant-based protein ingredients recorded a CAGR of 5.4%. During the 2022-2027 period, sales of plant-based protein ingredients is forecast to record a CAGR of 3.9%, reaching 117.1 thousand tonnes in 2026.

Market sizes of plant-based protein ingredients in Mexico by category in tonnes historic and forecast
Category 2017 2022 CAGR* % 2017-2022 2023 2027 CAGR* % 2022-2027
Non-animal derived proteins[1] 74,235.9 96,577.9 5.4 100,528.5 117,083.5 3.9
Gluten 45,147.7 58,928.2 5.5 61,239.0 70,815.8 3.7
Soy protein concentrate 26,868.0 34,803.9 5.3 36,307.3 42,710.4 4.2
Soy protein isolate 2,138.5 2,708.8 4.8 2,834.5 3,363.9 4.4
Pea protein 29.3 78.0 21.6 87.6 128.1 10.4
Vegetable proteins 52.3 59.0 2.4 60.0 65.4 2.1

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

1: Non-animal derived proteins - aggregation of specific proteins tracked by Euromonitor International which are wholly derived from sources which are not animal based in any way. Please note that this category is not all inclusive as non-animal derived proteins may be used in the more ambiguous categories 'Hydrolysed Keratins,' 'Protein Hydrolysates' and 'Other Proteins,' as in these cases it is not always conclusively clear whether a protein is animal derived or not. Typically, these proteins come from plant, pulse or cereal sources

In Mexican food market, plant-based protein ingredients are most used in pet food products. In 2022, 88.5 tonnes of plant-based protein ingredients were used in pet food (80.2 tonnes used in dog food). During the 2022-2027 period, demand of plant-based protein ingredients in pet food is forecast to record a CAGR of 0.2%, reaching 89.6 tonnes in 2026.

Demand of plant-based protein ingredients in Mexico by product category in tonnes historic and forecast
Category 2017 2022 CAGR* % 2017-2022 2023 2027 CAGR* % 2022-2027
Pet food 86.3 88.5 0.5 88.8 89.6 0.2
Cat food 7.9 8.3 1.0 8.3 8.4 0.2
Dog food 78.4 80.2 0.5 80.5 81.2 0.2
Packaged food 13.7 11.5 −3.4 11.1 10.3 −2.2
Snacks 0.3 0.2 −7.8 0.2 0.2 0.0
 Savoury snacks 0.2 0.2 0.0 0.2 0.2 0.0
Sweet biscuits, snack bars and fruit snacks 0.1 0.0 −100.0 0.0 0.0 N/C
Dairy products and alternatives 1.2 1.2 0.0 1.3 1.3 1.6
 Baby food 0.9 0.9 0.0 1.0 1.0 2.1
 Dairy 0.3 0.3 0.0 0.3 0.3 0.0
Cooking ingredients and meals 0.2 0.2 0.0 0.2 0.1 −12.9
Ready meals 0.2 0.2 0.0 0.2 0.1 −12.9
Staple foods 12.0 9.9 −3.8 9.5 8.7 −2.6
 Baked goods 8.3 6.4 −5.1 6.0 5.2 −4.1
 Breakfast cereals 0.1 0.1 0.0 0.1 0.1 0.0
Processed meat, seafood and alternatives to meat 3.3 3.1 −1.2 3.1 3.1 0.0
Rice, pasta and noodles 0.3 0.3 0.0 0.3 0.3 0.0

Source: Euromonitor International, 2022

*CAGR: Compound Annual Growth Rate

N/C: Not calculable

Trade overview

In 2021, Mexico was the 22nd largest importer of plant-based protein ingredients in the world. The country recorded total imports valued at US$792.8 million in 2021, which increased at a CAGR of 2.1% from 2017. In 2021, Canada was Mexico's 13th largest plant-based protein ingredients in 2021, representing 0.5% market share or US$ 3.9 million. Among plant-based protein ingredients that Mexico imported from Canada, wheat gluten saw the highest growth at a CAGR of 710.3% from 2017 to 2021.

Mexico's imports of plant-based protein ingredients from the world, in US$ million, 2017 to 2021
HS Code Description 2017 2018 2019 2020 2021 CAGR* % 2017-2021
Total 728.2 762.2 758.7 718.4 792.8 2.1
210690[a] Food preparations, not specified elsewhere 613.6 639.8 631.2 596.0 690.9 3.0
210610 Protein concentrates and textured protein substances 70.1 78.1 75.4 77.3 84.5 4.8
110900 Wheat gluten 8.4 8.6 12.3 9.7 16.5 18.2
110610 Flour, meal and powder of peas, beans, lentils and the other dried leguminous vegetables of heading 0713 0.1 0.1 0.2 0.1 0.8 74.1
35040006 Isolated soy protein 35.9 35.7 39.6 35.3 0.2 −73.2

Source: Global trade tracker, 2022

*CAGR: Compound Annual Growth Rate

1: All plant-based meat products are classified under HS 210690, that is, burgers, patties, sausages

Mexican top 10 suppliers of plant-based protein ingredients in 2021, in US$ million
Country 2017 2018 2019 2020 2021 CAGR* % 2017-2021
World 728.2 762.2 758.7 718.4 792.8 2.2
United States 574.3 589.1 580.0 493.5 561.9 −0.5
Uruguay 34.9 36.6 37.8 32.8 37.2 1.6
Guatemala 0.8 0.3 6.0 47.1 30.2 148.9
China 22.0 28.0 31.0 32.1 22.5 0.5
Spain 9.6 12.7 10.7 15.8 19.5 19.4
Netherlands 15.6 13.3 13.4 15.2 18.4 4.1
Germany 9.3 9.2 10.9 10.5 12.2 7.0
Italy 7.8 12.3 11.7 8.3 11.3 9.8
Belgium 5.4 5.1 5.0 6.1 7.0 6.8
France 8.2 8.4 5.7 5.5 5.1 −10.9
Canada (13th) 3.8 3.8 3.5 2.5 3.9 0.8

Source: Global trade tracker, 2022

*CAGR: Compound Annual Growth Rate

Mexico's imports of plant-based protein ingredients from Canada, in US$, 2017 to 2021
HS Code Description 2017 2018 2019 2020 2021 CAGR* % 2017-2021
Total 3,799,537 3,754,201 3,548,402 2,526,941 3,928,944 0.8
210690[a] Food preparations, not specified elsewhere 3,664,624 3,645,090 3,271,737 2,450,923 2,992,784 −4.9
210610 Protein concentrates and textured protein substances 130,191 99,375 84,427 8,346 612,449 47.3
110900 Wheat gluten, whether or not dried 75 920 61 312 323,400 710.3
110610 Flour, meal and powder of peas, beans, lentils and the other dried leguminous vegetables of heading 0713 3,441 8,816 192,177 67,360 311 −45.2
35040006 Isolated soy protein 1,206 0 0 0 0 N/C

Source: Global trade tracker, 2022

*CAGR: Compound Annual Growth Rate

1: all plant-based meat products are classified under HS 210690, that is, burgers, patties, sausages

N/C: Not calculable

New product launches

According to data from Mintel, 138 plant-based food products were launched in Mexico between 2017 and 2021. Snacks, bakery, and Processed fish, meat & egg products were top categories of newly released plant-based food launches while social media, kosher, and no additives/preservatives were top claims associated with plant-based food released during the prescribed period. PepsiCo, Kellogg, and Haribo were the three companies with the most launches in the past five years.

Product launch analysis of plant-base food inMexico, 2017- 2021 by attribute type, item count
Product attributes Yearly launch count
2017 2018 2019 2020 2021
Yearly product launches 34 43 32 19 10
Top five categories
Snacks 11 22 7 3 3
Bakery 7 6 3 2 0
Processed fish, meat and egg products 4 4 4 3 0
Sauces and seasonings 0 1 9 4 1
Sugar and gum confectionery 1 0 3 2 5
Top five claims
Social media 14 22 8 6 1
Kosher 10 13 5 4 2
No additives/preservatives 8 7 2 2 4
Microwaveable 5 7 5 2 0
Low/no/reduced allergen 1 9 2 4 2
Top five price groups (US dollars)
0.38 - 3.37 17 29 15 14 8
3.38 - 6.37 12 9 10 4 2
6.38 - 9.37 4 1 5 1 0
9.38 - 12.37 1 1 0 0 0
12.38 - 19.00 0 0 0 0 0
Top three launch types
New variety/range extension 19 15 16 7 2
New product 5 17 8 6 0
New packaging 7 10 8 6 5
Top five flavours (including blend)
Unflavoured/plain 3 3 2 1 0
Fruit 0 1 2 2 3
Spice/spicy 0 1 0 1 2
Chocolate 1 2 0 1 0
Corn/sweetcorn 1 0 1 0 0
Top five companies
PepsiCo 8 6 1 1 0
Kellogg 1 2 3 2 0
Haribo 0 0 0 1 4
Bimbo 2 1 1 0 0
Campbell's 3 0 1 0 0
Source: Mintel Global New Products Database, 2022

Examples of new products

Vanilla Lucuma Flavored Organic Plant Protein + Superfoods

Source: Mintel, 2022
Company Luchi Organics
Distributor Docacie
Brand Sprout Living Epic Protein
Category Nutritional drinks and other beverages
Location of manufacture United States
Import status Imported product
Store name Farmacia San Pablo
Store type Drug store / pharmacy
Date published September 2022
Launch type Relaunch
Price in US dollars 41.72
 

Sprout Living Epic Protein Proteína Vegetal en Polvo Sabor Vainilla Lúcuma (Vanilla Lucuma Flavored Organic Plant Protein + Superfoods) has been relaunched, previously under Sprout Living Epic, and retails in a 455 gram pack.

  • Real taste, real texture, from real ingredients
  • Creamy and aromatic with hints of spice from a whole food blend of real vanilla, ginger, baobab, lucuma and more
  • 19 grammes plant protein
  • Free from GMO, gluten, gums, flavors, additives, grain, soy
  • Made fresh and 3rd-party tested in the United States
  • The manufacturer believes in pure, plant-based nutrition developed in kitchens, not in labs
  • Using the finest organic ingredients and thoughtful formulations, they proudly make premium products that work and taste great, nothing weird or artificial
  • Reflective mix of complete, organic plant-based proteins and exotic super foods rich of nutrients
  • With bursts of creamy vanilla flavour and a spicy touch
  • Smooth and delicious protein powder for a healthy lifestyle
  • Organic, vegan, kosher
  • Naturally gluten free
  • Highest quality ingredients
  • Produced in a cGMP certified facility that follows strict sanitary and regulatory procedures
  • Environmentally-friendly pouch made with post-consumer recycled material as part of the manufacturer's commitment to sustainability
  • Logos and certifications: USDA Organic, Certified Vegan Vegan.org, QAI, Kosher Check, Vegan Action
Gluten Free Meatless Pepperoni Style Pizza

Source: Mintel, 2022
Company Daiya Foods
Category Meals and meal centers
Location of manufacture Canada
Import status Imported product
Store name Soriana
Store type Mass merchandise / hypermarket
Date published April 2022
Launch type New formulation
Price in US dollars 11.99
 

Daiya Pizza Sin Gluten de Peperoni Vegetariano (Gluten Free Meatless Pepperoni Style Pizza) has been reformulated with and a new and improved recipe featuring premium cutting board cheeze shreds. This plant based product is made with gourmet ingredients, and is free from GMOs, dairy, gluten and soy. This vegan pizza is a good source of fiber, and contains saturated fat and sodium excess according to the Mexican Health Secretary. It retails in a recyclable 16.7 ounce pack featuring baking instructions.

24 Carrot Orange Veggie Burgers

Source: Mintel, 2022
Company Maika Foods
Importer Tiendas Soriana
Brand Maika
Category Processed fish, meat and egg products
Market Mexico
Location of manufacture United States
Store name Mega
Store type Supermarket
Date published October 2019
Launch type New packaging
Price in US dollars 4.45
 

Maika Hamburguesa Vegana de Zanahoria (24 Carrot Orange Veggie Burgers) have been repackaged with an updated design. The 100% plant based product is made with real veggies and vegan cheese, is an excellent source of vitamin A, and is free from soy and GMO. It is certified vegan and retails in a 300 gram pack containing four 75 gram units and featuring cooking instructions, as well as Facebook, Instagram, Pinterest and Twitter logos. The manufacturer claims to be a young plant based food company dedicated to producing premium sustainable products made with a social and environmental.

Plant Based No Chicken Seitan Tenders

Source: Mintel, 2022
Company Grupo Agroindustrial Andel Sapi
Brand Plant Squad
Category Processed fish, meat and egg products
Store name La Comer
Store type Supermarket
Date published September 2019
Launch type New product
Price in US dollars 6.70
 

Plant Squad Tenders de Seitán con Salsa Búfalo (Plant Based No Chicken Seitan Tenders) is now available. The vegan product is described as fajitas with buffalo sauce, is a source of vitamin B12 and iron, and features 45 gram protein per pack. It is said to be ready in minutes, can be heated in the microwave, and retails in a 360 gram pack featuring cooking instructions.

Plant Based Seitan Barbecue Ribs

Source: Mintel, 2022
Company Grupo Agroindustrial Andel Sapi
Brand Plant Squad
Category Processed fish, meat and egg products
Store name La Comer
Store type Supermarket
Date published September 2019
Launch type New product
Price in US dollars 6.70
 

Plant Squad Costillas Vegetarianas de Seitán con Salsa Barbecue (Plant Based Seitan Barbecue Ribs) are now available. The vegan product is a source of vitamin B12 and iron and features 45 gram protein per pack. It is said to be ready in minutes, can be heated in the microwave, and retails in a 360 gram pack featuring cooking instructions.

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Resources

  • Euromonitor International, 2022
  • Euromonitor International, October 2022, Megatrends in Mexico
  • Euromonitor International, October 2022, Consumer Lifestyles in Mexico
  • Euromonitor International, June 2021, Plant-based Eating and Alternative Proteins
  • Euromonitor International, January 2022, Processed Meat, Seafood and Alternatives to Meat in Mexico
  • Euromonitor International, January 2022, Free from in Mexico
  • Euromonitor International, March 2022, The Evolution of Plant Based: Eating and Beyond
  • Ministerie van Landbouw, Natuur en Voedselkwaliteit, January 2022, Demand for plant-based proteins rises in Mexico
  • Mintel Global New Products Database, 2022
  • Mintel, October 2021, Patent insights: plant protein ingredients
  • Mintel, September 2021, A year of innovation in meat substitutes and eggs, 2021
  • United States Department of Agriculture, July 2022, Mexico: Retail Foods

Sector Trend Analysis – Plant-based food trends in Mexico
Global Analysis Report

Prepared by: Zhiduo Wang, Market Analyst

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