Sector Trend Analysis – Meat trends in Mexico

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

Executive summary

In 2023, Mexico's top supplier of meat products is the United States (U.S.), followed by Canada and Brazil. Top imported meat products to Mexico are ham, beef, and poutltry offal. Canada's largest meat export to Mexico is beef, followed by edible beef offal, frozen beer, and pork.

Retail meat sales saw steady growth over 2019 to 2023 despite producers raising prices due to inflationary pressures as grain and fuel prices rose sharply as a result of Russia's invasion of Ukraine.

Poultry is the largest meat category in Mexico as it's a staple in the local diet. Poultry is also the most affordable type of fresh meat in Mexico. Consumers are prioritising more affordable meats such as poultry and pork over more expensive red meats such as beef and veal.

All processed meat categories saw healthy gains over 2019 to 2023 with growth expected to slow over 2024 to 2028. According to Euromonitor, many consumers have had the opportunity to taste meat and seafood substitutes through foodservice, which is expected to facilitate stronger retail sales in the coming years. In 2023, leading processed meat brands in Mexico include Dolores, Fud, Tuny, and San Rafael.

Mexican consumers are accustomed to doing quick, daily shopping in small, local grocery and convenience stores, which, together make up the largest distribution channel for processed meat, seafood and alternatives to meat products.

 

Trade overview

In 2023, Mexico's top supplier of meat products is the U.S. with an import value of Can$5.9 billion (75.7% market share). Canada follows with $709 million (9.2%) and Brazil with $703 million (9.1%). Top imported meat products to Mexico were ham, beef, and poutltry offal.

Mexico's Top 10 suppliers[1] of meat products (HS 02), Can$ millions, historical

Country

2019

2020

2021

2022

2023

CAGR* 2019-2023

World

4,970.1

4,141.3

5,811.0

6,788.7

7,742.2

11.7

United States

4,130.4

3,626.8

4,642.4

5,056.8

5,860.8

9.1

Canada

409.0

285.2

585.4

644.2

708.8

14.7

Brazil

226.4

12.1

210.7

515.7

703.3

32.8

Nicaragua

54.5

90.2

161.6

159.4

194.9

37.5

Chile

71.5

81.7

126.0

281.6

136.6

17.6

Spain

32.5

26.2

57.1

94.1

69.0

20.7

Australia

28.5

8.9

17.2

22.7

39.8

8.6

Argentina

0.0

0.0

0.0

0.0

6.4

New Zealand

8.9

5.7

1.4

3.4

6.4

−8.1

Hong Kong

0.0

0.0

0.0

0.6

4.2

633.6

Source: Global trade tracker, 2024

1: mirror data

*CAGR: Compound Annual Growth Rate

Mexico's top ten meat imports and supplying countries in 2023 - import values in US$ million and volume in '000 tonnes

HS code

Description

Import value (Can$M)

Top suppliers and market value share (%)

Canada share (%)

1

2

3

Total - meat imports

7,742.2

United States: 75.7

Canada: 9.2

Brazil: 9.1

9.2

020312

Ham

617.3

United States: 93.4

Canada: 6.6

6.6

020130

Beef

254.9

United States: 72.9

Canada: 15.9

Nicaragua: 10.2

15.9

020714

Poultry offal

238.6

Brazil: 60.6

United States: 29.8

Chile: 9.7

020713

Poultry offal

141.3

United States: 100.0

020319

Pork

115.3

United States: 72.1

Canada: 27.9

Spain: 0.0

27.9

020329

Frozen pork

49.3

United States: 60.5

Brazil: 23.9

Canada: 11.9

11.9

020629

frozen beef offal

23.4

United States: 79.3

Canada: 14.5

Australia: 3.0

14.5

020726

Turkey edible offal

17.1

United States: 100.0

020630

Pork edible offal

14.7

United States: 86.2

Canada: 13.9

Brazil: 0.0

13.9

020230

Frozen beef

12.3

United States: 68.6

Brazil: 16.9

Nicaragua: 5.8

Source: Global Trade Tracker, 2024

Canada's performance

In 2023, Canada's largest meat export to Mexico was beef worth $708 million, which has grown by 14.7% annually over 2019 to 2023. Many other top meat exports to Mexico have grown by double digits with edible beef offal growing the fastest (44.4% annually), followed by frozen beer (34.2), and pork (19.4%).

Canada's meat[1] exports to Mexico of meat products (HS 02), Can$ millions, historical

HS code

Description

2019

2020

2021

2022

2023

CAGR* (%) 2019-2023

Total

409.0

285.1

585.1

643.8

708.0

14.7

020130

Beef

106.5

86.8

137.1

153.8

216.4

19.4

020319

Pork

83.0

49.5

98.9

132.7

159.7

17.8

020312

Hams

89.5

56.9

129.5

142.1

141.4

12.1

020329

Frozen pork

29.2

12.5

50.4

68.4

47.5

12.9

020629

Frozen beef

13.4

12.5

33.9

38.6

43.4

34.2

020910

Pig fat

14.4

7.8

19.5

23.3

28.1

18.1

020630

Edible pork offal

21.5

19.4

43.8

30.2

26.9

5.7

020610

Edible beef offal

3.7

1.3

12.6

14.8

15.9

44.4

020649

Edible frozen pork offal

14.8

15.1

20.1

17.6

9.9

−9.6

020322

Frozen hams

5.6

3.4

12.7

9.5

7.0

5.6

Source: Global trade tracker, 2024

1: mirror data

*CAGR: Compound Annual Growth Rate

Market size

Consumption of fresh meat in Mexico reached 7,214kg in 2023, growing by 2.9% annually over 2019 to 2023 and is projected to reach 8,132 kg by 2028. Poultry was the most consumed fresh meat in Mexico, growing 3.0% annually from 2019 follwed by pork, growing by 4.5% annually since 2019.

Retail meat sales saw steady growth over 2019 to 2023 despite producers raising prices due to inflationary pressures as grain and fuel prices rose sharply as a result of Russia's invasion of Ukraine. Consumers are therefore prioritising more affordable meats such as poultry and pork over more expensive red meats such as beef and veal. Furthermore, some consumers also shifted towards other more affordable sources of protein such as eggs, beans, and tortillas, which served to limit the growth of meat overall. Additionally, some consumers simply reduced the amount of meat dishes they prepared to save money.

Poultry is the largest meat category being a staple in the local diet. Poultry is also the most affordable type of fresh meat in Mexico meaning it is eaten on a more regular basis by most households. Despite poultry prices continuing to rise, it remains more affordable than other types of meat.

Mexico meat consumption in kilograms, 2019 to 2028

Category

2019

2023

CAGR* % 2019-2023

2024

2028

CAGR* % 2023-2028

Total meat

6,425.2

7,214.1

2.9

7,369.7

8,131.7

2.5

Poultry

2,985.2

3,366.0

3.0

3,438.3

3,803.9

2.6

Pork

1,507.5

1,799.3

4.5

1,841.1

2,031.2

2.5

Beef and veal

1,698.9

1,803.5

1.5

1,839.6

2,021.1

2.4

Lamb, mutton and goat

134.6

142.3

1.4

145.0

155.7

1.8

Other meat

99.0

103.0

1.0

105.8

119.9

3.2

Source: Euromonitor International, 2024

*CAGR: Compound Annual Growth Rate

Processed meat

Processed meat retail sales totalled US$5.69 billion in 2023, growing 10.6% annually over 2019 to 2023. Chilled processed red meat is most popular with sales of US$2.28 billion, followed by shelf stable seafood at US$1.67 billion (31.9%), processed frozen poultry at US$17.1 million (8.2%), processed frozen red meat at US$10.3 million (4.9%), and processed shelf stable poultry at US$5.2 million (2.5%).

All processed meat categories saw healthy gains over 2019 to 2023 with growth expected to slow over 2024 to 2028. Chilled processed red meat grew fastest by 12.8% annually, followed by.chilled processed poultry (12.4%), and frozen processed poultry (10.4) and red meat (10.8%). Other processed categories saw single digit sales growth over 2019 to 2023. Compared to shelf stable seafood and chilled/frozen processed meats, which dominates demand for processed meats in Mexico, shelf stable meat suffers from low demand due to its higher price and its comparative unhealthiness.

According to Euromonitor, many consumers have had the opportunity to taste meat and seafood substitutes through foodservice, which is expected to facilitate stronger retail sales in the coming years. The NotCo Company is collaborating with local partners in the production of frozen meat and seafood substitutes, to offer Not Chicken and Not Burger, which are now available in retailers such as Wal-Mart, HEB and Soriana, as well as online marketplaces such as Amazon and Mercado Libre.

Mexico - retail sales of processed meat by category, historic and forecast fixed 2023 exchange rate - US$ millions

Category

2019

2023

CAGR* % 2019-2023

2024

2028

CAGR* % 2023-2028

Total processed meat

3,804.0

5,689.4

10.6

5,848.5

7,131.3

5.1

Chilled processed red meat

1,406.1

2,276.3

12.8

2,330.1

2,776.0

4.5

Shelf stable seafood

1,251.0

1,672.9

7.5

1,761.1

2,218.4

5.9

Chilled processed poultry

473.2

753.9

12.4

769.1

912.3

4.4

Frozen processed poultry

189.9

282.3

10.4

290.0

388.6

7.6

Frozen processed red meat

203.1

306.1

10.8

313.9

386.5

5.3

Frozen processed seafood

213.3

303.3

9.2

290.0

336.5

3.8

Chilled processed seafood

61.4

86.6

9.0

86.2

103.5

4.7

Shelf stable processed red meat

4.9

6.6

8.0

6.7

7.9

4.3

Shelf stable processed poultry

1.0

1.3

7.5

1.4

1.6

4.3

Source: Euromonitor International, 2024

*CAGR: Compound Annual Growth Rate

Competitive landscape

In 2023, leading processed meat brands in Mexico include Dolores, Fud, Tuny, and San Rafael. According to Euromonitor, Sigma Alimentos SA de CV retains its lead of processed meat, seafood and alternatives to meat, where it holds a 25% retail value share. The player enjoys a solid position due to a wide product portfolio, which includes chilled processed red meat, chilled processed poultry, and frozen processed poultry. Its brands include Fud, San Rafael, Tangamanga and Chimex. Sigma Alimentos has a strong distribution network with national coverage. Ranked second is Pescados Industrializados SA de CV, which mostly focuses on shelf stable seafood, with brands such as Dolores and Mazatún.

Mexico's top ten processed meat brands, 2023 retail value sales (US$ million) and market share - fixed 2023 exchange rate

Brands (Company)

Retail sales (US$ million)

Market share % in 2023

Dolores (Pescados Industrializados SA de CV)

505.9

8.9

Fud (Sigma Alimentos SA de CV)

469.3

8.2

Tuny (Grupo Marítimo Industrial SA de CV)

343.3

6.0

San Rafael (Sigma Alimentos SA de CV)

338.6

6.0

Zwan (Xignux SA De CV)

241.5

4.2

Tangamanga (Sigma Alimentos SA de CV)

223.4

3.9

American Beef (American Beef SA de CV)

177.3

3.1

All Saljamex (Saljamex SA de CV)

168.6

3.0

Sabori (Grupo Bafar SAB de CV)

164.8

2.9

Bafar (Grupo Bafar SAB de CV)

153.3

2.7

Total

5,689.4

100.0

Source: Euromonitor International 2024

Retail channels

Mexican consumers are accustomed to doing quick, daily shopping in small, local grocery and convenience stores, which, together make up the largest distribution channel for processed meat, seafood and alternatives to meat products. These small retailers are most common in low-income neighbourhoods and offer products in small, affordable package sizes. Over 2019 to 2023, most brick and mortar retail sales grew by at least 10.0% annually. Ecommerce showed the highest growth over 2019 to 2023 at 31.6% annually over the same period.

Distribution channels for processed meats in Mexico - Retail value sales in US$ millions

Outlet Type

2019

2020

2021

2022

2023

CAGR* (%) 2019-2023

Convenience stores

108.8

118.3

129.4

145.6

173.1

12.3

Supermarkets

501.3

577.2

626.3

703.2

750.8

10.6

Hypermarkets

577.5

664.5

721.3

807.8

880.9

11.1

Discounters

554.9

638.8

692.7

777.8

814.5

10.1

Warehouse clubs

364.9

417.5

452.9

510.2

514.3

9.0

Food/drink/tobacco specialists

199.4

213.5

230.4

259.1

265.3

7.4

Small local grocers

1,461.6

1,675.4

1,820.6

2,050.8

2,183.8

10.6

Retail E-commerce

35.5

66.7

73.7

83.8

106.7

31.6

Total

3,804.0

4,372.1

4,747.4

5,338.3

5,689.4

10.6

Source: Euromonitor International, 2024

*CAGR: Compound annual growth rate

New product launches

According to Mintel's Global New Products Database (GNPD), 2,490 new meat and meat products were launched in Mexico over 2019 to 2023. The predominant sub-categories of these product launches were meat products, followed by fish and poultry products.

Companies with the highest number of new product launches were Wlarmart, followed by Qualtia Alimentos Operaciones and Sigma Alimentos. Top flavours were smoke, marinade, and BBQ.

New product launches of meat and meat products in Mexico January 2019 to December 31, 2023

Product attributes

Yearly launch - item count

2019

2020

2021

2022

2023

Total

Yearly product launches

402

544

471

495

578

2,490

Top launch types

New packaging

168

211

296

247

278

1,200

New variety/Range Extension

122

157

85

110

176

650

New product

62

98

25

55

57

297

Relaunch

22

41

29

52

43

187

New formulation

0

2

0

1

0

3

Top sub-categories

Meat products

164

240

204

186

217

1,011

Fish products

94

108

103

139

190

634

Poultry products

102

143

118

131

117

611

Meat substitutes

14

18

10

9

30

81

Top five companies

Walmart

54

36

34

31

53

208

Qualtia Alimentos Operaciones

12

28

27

33

21

121

Sigma Alimentos

17

31

15

13

11

87

Intercarnes

13

14

26

10

17

80

Supermercados Internacionales H-E-B

18

4

11

11

23

67

Top five brands

Marketside

23

22

14

13

22

94

Chata

6

18

14

10

4

52

Bachoco

0

3

4

16

17

40

Kirkland Signature

8

5

6

11

9

39

Great Value

10

6

5

5

12

38

Import status (if reported)

Not imported

236

355

319

319

375

1,604

Imported

91

84

97

109

135

516

Top five flavours (including blend)

Unflavoured/Plain

252

323

273

309

377

1,534

Smoke

14

30

37

28

29

138

Marinade

13

12

18

7

10

60

Flavours unavailable

12

8

4

9

10

43

Barbecue/BBQ/Barbacoa

6

3

4

9

8

30

Top claims

Social media

75

116

129

117

144

581

Convenient packaging

93

110

122

118

116

559

Ease of use

73

120

72

120

126

511

Not Specified

78

119

102

83

100

482

No additives/preservatives

64

93

80

109

115

461

Source: Mintel; Global New Product Database, 2024

Examples of new products

Roasted Milanese Made from Plants

Company

NotCo

Manufacturer

NotCo

Brand

NotCo NotChicken

Category

Processed fish, meat and eqg products

Sub-category

Meat substitutes

Location of manufacture

Mexico

Import status

Not imported

Store name

La Comer

Store type

Supermarket

Date published

October 2023

Launch type

New variety / range extension

Price in US dollars

7.70

 

NotCo NotChicken Milanesa Asada Hecha a Base de Plantas (Roasted Milanese Made from Plants) retails in a 385 gram pack containing five 77 gram units. - Plant based - High in sodium according to the Secretariat of Health of Mexico - Rich and juicy - Contains 15.6 grams of protein.

Tuna-Free Pea Protein Based Food

Company

Plant Squad

Manufacturer

Plant Squad

Brand

Plant Squad

Category

Processed fish, meat and egg products

Sub-category

Meat substitutes

Location of manufacture

Mexico

Import status

Not imported

Store name

Chedraui Selecto

Store type

Supermarket

Date published

April 2023

Launch type

New variety / range extension

Price in US dollars

3.16

 

Plant Squad Alimento Hecho a Base de Proteína de Chícharo Sin Atún (Tuna-Free Pea Protein Based Food) retails in a 75 gram pack. - Plant based protein - 100% plant based - 9.2 grams of protein per pack - Free from titanium dioxide - No health warnings according to the Secretariat of Health of Mexico - Logos and certifications: Checked and Approved Vegan V-Label, QR code, Facebook, TikTok, Instagram.

Vegetable-Based Nuggets

Company

The Not Company

Manufacturer

PacificBlu

Brand

NotCo NotChickenNuggets

Category

Processed fish, meat and egg products

Sub-category

Meat substitutes

Location of manufacture

Chile

Import status

Imported product

Store name

La Comer

Store type

Supermarket

Date published

February 2023

Launch type

New variety / range extension

Price in US dollars

7.92

 

NotCo NotChickenNuggets Nuggets Hechos a Base de Vegetales (Vegetable-Based Nuggets) retails in a 300 gram pack. - Plant-based - High in sodium, according to the Secretariat of Health for Mexico - Excellent source of protein - Crunchy on the outside - Battered and pre-fried - Can be deep-fried, pan-fried or oven-baked.

Plant-Based Buffalo-Style Cauliflower Wings

Company

Sol Cuisine

Manufacturer

Sol Cuisine

Importer

Importadora Primex

Brand

Sol Cuisine

Category

Processed fish, meat and egg products

Sub-category

Meat substitutes

Location of manufacture

Canada

Import status

Imported product

Store name

Costco

Date published

January 2022

Product source

Physical product

Launch type

New variety / range extension

Price in US dollars

9.52

 

Sol Cuisine Coliflor Empanizada en Forma de Alitas Estilo Búfalo (Plant-Based Buffalo-Style Cauliflower Wings) is new to the range. This vegetable-origin vegan and soy-free product is said to be spicy full of flavor. It comprises cauliflower coated in a crispy breading and tossed in a homemade buffalo spice blend to get a spicy and crunchy plant-based wing. It is, according to the Secretariat of Health for Mexico, high in sodium; contains no GMOs and retails in a 907 gram pack featuring cooking instructions and the Non GMO Project Verified, Facebook, Instagram, Twitter and Pinterest logos.

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Resources

  • Euromonitor International:
    • Country Report: Meat in Mexico
  • Global Trade Tracker (GTT), 2024
  • Mintel Global New Products Database, 2024

Sector Trend Analysis – Meat trends in Mexico
Global Analysis Report

Prepared by: Kris Clipsham, Market Analyst

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