Mexico - North America Functional Foods Market Size & Outlook
Mexico - North America Functional Foods Market, 2017-2030 (US$M)
Global Market
Related Markets
Mexico functional foods market highlights
- The Mexico functional foods market generated a revenue of USD 3,351.9 million in 2023 and is expected to reach USD 5,407.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, prebiotics & probiotics was the largest revenue generating ingredient in 2023.
- Vitamins is the most lucrative ingredient segment registering the fastest growth during the forecast period.
Functional foods market data book summary
| Market revenue in 2023 | USD 3,351.9 million |
| Market revenue in 2030 | USD 5,407.3 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Prebiotics & probiotics |
| Fastest growing segment | Vitamins |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carotenoids, Dietary Fibers, Fatty Acids, Minerals, Prebiotics & Probiotics, Vitamins |
| Key market players worldwide | Coca-Cola Co, Arla Foods, Amway Malaysia Holdings, Herbalife Ltd, Cargill, General Mills Inc, Basf SE |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.0% of the global functional foods market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. functional foods market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 131,454.8 million by 2030.
Mexican consumers have already integrated a high number of functional foods in their regular diets; however, the region still offers ample growth opportunities owing to rising consumer disposable incomes, expanding R&D centers of major foods companies and rising investments in advanced technologies to manufacture such products.
Positive growth is also anticipated as a result of widening availability of varied yet inexpensive foods, making them accessible to a large segment of the population. Many consumers are also expected to shift from conventional carbonates to healthier value-added functional beverages.
With increasingly hectic lifestyles in the urban areas, such food & beverages are likely to provide a convenient option for Mexican consumers who want to boost their intake of vitamins and other nutrients, but who lack the time to obtain these from their natural sources.
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Functional Foods Market Scope
Functional Foods Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Basf SE | View profile | 111,855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | www.basf.com |
| Herbalife Ltd | View profile | 9,200 | Ugland House, South Church Street, P.O. Box 309GT, Grand Cayman, Cayman Islands, KY1-1104 | www.herbalife.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | www.cargill.com |
| General Mills Inc | View profile | 34,000 | Number One General Mills Boulevard, Minneapolis, MN, United States, 55426 | www.generalmills.com |
| Arla Foods | View profile | 10001+ | Viby, Skane Lan, Sweden, Europe | www.arla.com |
| Amway Malaysia Holdings | View profile | - | Petaling Jaya, Selangor, Malaysia, Asia | www.amway.my |
| Coca-Cola Co | View profile | 79,100 | One Coca-Cola Plaza, Atlanta, GA, United States, 30313 | www.coca-colacompany.com |
| Standard Functional Foods Group | View profile | - | Nashville, Tennessee, United States, North America | www.sffgi.com/ |
| Nutri-Nation Functional Foods | View profile | 51-100 | Port Coquitlam, British Columbia, Canada, North America | nutri-nation.com |
Mexico - North America Functional Foods Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Functional Foods Market Outlook will help companies and investors design strategic landscapes.
Prebiotics & Probiotics was the largest segment with a revenue share of 33.61% in 2023.
Horizon Databook has segmented the Mexico - North America functional foods market based on carotenoids, dietary fibers, fatty acids, minerals, prebiotics & probiotics, vitamins covering the revenue growth of each sub-segment from 2017 to 2030.
Mexican consumers have already integrated a high number of functional foods in their regular diets; however, the region still offers ample growth opportunities owing to rising consumer disposable incomes, expanding R&D centers of major foods companies and rising investments in advanced technologies to manufacture such products.
Positive growth is also anticipated as a result of widening availability of varied yet inexpensive foods, making them accessible to a large segment of the population. Many consumers are also expected to shift from conventional carbonates to healthier value-added functional beverages.
With increasingly hectic lifestyles in the urban areas, such food & beverages are likely to provide a convenient option for Mexican consumers who want to boost their intake of vitamins and other nutrients, but who lack the time to obtain these from their natural sources.
- Mexico - North America Functional Foods Market Ingredient Outlook (Revenue, USD Million , 2017-2030)
- Carotenoids
- Dietary Fibers
- Fatty Acids
- Minerals
- Prebiotics & Probiotics
- Vitamins
- Others
- Mexico - North America Functional Foods Market Product Outlook (Revenue, USD Million , 2017-2030)
- Bakery & Cereals
- Dairy Products
- Meat, Fish, & Eggs
- Soy Products
- Fats & Oils
- Others
- Mexico - North America Functional Foods Market Application Outlook (Revenue, USD Million , 2017-2030)
- Sports Nutrition
- Weight Management
- Immunity
- Digestive Health
- Clinical Nutrition
- Cardio Health
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - North America Functional Foods Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - North America Functional Foods Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - North America Functional Foods Market, 2017-2030 (US$M)
Mexico functional foods market statistics, by ingredient, 2017-2030 (US$M)
