The market is dominated by domestic suppliers, as imports account for 18.3% of total market size in 2022. Households drive market demand, with household spending representing 91.2% of total demand in 2022. Mexico has the second largest market size for dairy products regionally, with demand reaching USD21.1 billion in 2022. Grupo Lala SAB de CV is the largest company in Mexico, generating 25.5% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 49.3% of total production value in 2022. The total number of companies increases in 2022, to 27,016 units. The costs of the industry increase by 14.5% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 26.1% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 2.7% of total production output. With production value of USD12.7 billion, Mexico accounts for 18.8% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Dairy Products in Mexico: ISIC 152. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Dairy Products in Mexico: ISIC 152 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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