Over the forecast period processed nuts is expected to increase its share at the expense of unprocessed nuts, as more companies explore launching different processed snacks in the market. The companies already competing in snacks are likely to launch new products, including nuts.
Whilst Mexicans are traditionally heavy consumers of animal products such as meat and dairy products, a small but fast-growing group of consumers has emerged that is seeking to limit the consumption of or completely avoid the intake of animal products. Motivated by concerns over the adverse environmental impact of animal husbandry and maintaining a belief that the consumption of animal products is harmful to human health, this fast-growing group of vegans, vegetarians and occasional meat eaters has prioritised plant-based diets and alternative sources of protein beyond those derived from animals, resulting in soaring demand for foods offering these qualities.
Mexico is an important producer of pecan nuts, which are consumed locally and exported. However, as with other types of nuts, the price is often dictated by the biggest consumers, such as the US and China.
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