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The fruits market share in Mexico is expected to increase by USD 2.04 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.38%.
This fruits market research report of Mexico provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the fruits market segmentation in Mexico by distribution channel (offline and online) and application (non-organic and organic). The fruits market report of Mexico also offers information on several market vendors, including AGRANA Beteiligungs AG, BQ Fruits, CALAL FRUITS SA DE CV, Fresh Seasons, Frigorizados la Huerta S.A. de C.V., Grupo Aguacatero Los Cerritos SRL de CV, Grupo Freza SA de CV, GRUPO VAZ , Prime Fruits Mexico, and Promega among others.
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The government initiatives to increase agricultural production are notably driving the fruits market growth in Mexico, although factors such as increased chances of food contamination may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fruits industry in Mexico. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Fruits Market Driver in Mexico
One of the major factors driving the fruits market growth in Mexico is the government initiatives to increase agricultural production due to factors such as high productivity and dependence of the rural population on the Mexican agricultural sector. The improved agricultural technology, refrigeration and transportation systems, and the globalization of markets have resulted in positive changes in the agriculture sector. The Mexican administration's policies for the rural economy seek to support American agriculture, further enhance its productivity, and continue to protect farmers from large fluctuations in yields and prices. Such government initiatives are expected to drive fruits market growth in Mexico during the forecast period
Key Fruits Market Challenge In Mexico
One of the major challenges to the Mexico fruits market growth is the increased chances of food contamination, which can cause serious health issues to the consumers. The contamination can enter through several ways into the supply chain. For instance, naturally occurring toxins include marine biotoxins, cyanogenic glycosides, mycotoxins, and toxins that occur in poisonous mushrooms. According to the estimations made by the federal government, there are 48 million cases of foodborne illnesses annually in the US, which is equivalent to sickening 1 in 6 Americans each year, and which result in an estimated 128,000 hospitalizations and 3,000 deaths. As Mexico exports farm produces to the US, which if rejected by the US government (based on quality) can negatively impact the growth of the market in focus during the forecast period.
This fruits market analysis report of Mexico also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the Mexico fruits market encompasses successful business strategies deployed by the key vendors. The fruits market in Mexico is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The fruits market forecast report of Mexico offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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The fruits market share growth in Mexico by the offline segment will be significant during the forecast period. The wide prevalence of offline retail channels such as supermarkets and hypermarkets will support the growth in this segment. Discount offers, free products, and other sales strategies will further accelerate the growth in the offline segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the fruits market size in Mexico and actionable market insights on post COVID-19 impact on each segment.
Mexico Fruits and Vegetable market - The market share is expected to rise to USD 4.26 billion by 2026, and the market's growth momentum will accelerate at a CAGR of 5.93%.
Processed Fruits market - The market share is expected to increase by USD 160.83 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.24%.
Argentina Fruits market - The market share is expected to increase by USD 162.74 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.87%.
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Fruits Market Scope In Mexico |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.38% |
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Market growth 2022-2026 |
$ 2.04 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.05 |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
AGRANA Beteiligungs AG, BQ Fruits, CALAL FRUITS SA DE CV, Fresh Seasons, Frigorizados la Huerta S.A. de C.V., Grupo Aguacatero Los Cerritos SRL de CV, Grupo Freza SA de CV, GRUPO VAZ , Prime Fruits Mexico, and Promega |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Distribution channel
Customer landscape
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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