In recent years, several players in Mexico have started to delist from the Mexican Stock Exchange (BMV). This is a phenomenon observed in various parts of the world, including the US, Europe, and Asia.
Discounters and convenience stores gained traction in meals and soups towards the end of the review period, driven by consumers’ desire to better manage their expenses while also seeking the convenience offered by proximity to convenience stores in particular. This trend is expected to continue over the forecast period as Mexicans continue to enjoy the homemade flavours that soups and meals offer, while making the most of their time.
The trend of seeking easy-to-prepare and homemade-tasting foods is expected to continue to rise over the forecast period. According to Euromonitor International's Voice of the Industry: Food Survey 2023, some food companies anticipate more than 50% sales growth for their ready meals by 2028 compared to 2023.
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Understand the latest market trends and future growth opportunities for the Meals and Soups industry in Mexico with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Meals and Soups industry in Mexico, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Meals and Soups
This is the aggregation of ready meals, pizza, food kits, prepared salads, and soup. Includes: These are products that have had recipe 'skills' added to them by the manufacturer, resulting in a high degree of readiness, completion and convenience. Food kits is an exception where typically the extent of preparation is much shorter than other meal products; includes meal kits where consumers are to put together pre-portioned ingredients and cook with the guidance of recipe cards. Ready meals are generally accepted to be complete meals that require few or no extra ingredients. However, in the case of shelf stable ready meals, the term also encompasses meal 'centres’; for food kits, they do require a degree of cooking and preparation. As such, some meals may require cooking (ready-to-cook); others may simply need reheating, prior to serving (ready-to-eat). Excludes: Any products sold unpackaged and/or by weight, including food sold from a retail deli counter.
See All of Our DefinitionsThis report originates from Passport, our Meals and Soups research and analysis database.
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