PROSPECTS AND OPPORTUNITIES
Deemed as impractical for cooking, category faces a barrier
Despite being amongst the 15 countries with the highest levels of fish and seafood production, Mexico still sees lower than average consumption of these types of products. Many consumers are deterred by the difficulties involved in cooking these products at home, considering that many of them demand a lot of cleaning and preparation prior to cooking, while they also have a short life span even when kept in the fridge, given that they are mainly sold in unpackaged/unsealed formats.
Low taxes for imports impact local producers
Local shrimp producers have been hit hard by the intensification of international competition, as Mexico’s production capacity has been decreasing and the government is expected to continue to rely on imports to meet existing demand, facilitating the development of imported products through low taxes. Local producers are expected to decrease the number of boats in the sea, given the high costs involved and the tougher competition they are facing.
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Overview:
Understand the latest market trends and future growth opportunities for the Fish and Seafood 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.
If you're in the Fish and Seafood 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.
The Fish and Seafood in Mexico report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Fish and Seafood in Mexico?
- What is the impact of commodity price fluctuations on local production and consumption?
- What are the key campaigns or legislation driving Fish and Seafood sales?
- How are consumer attitudes towards fresh food evolving?
- How significant is health and wellness in shaping consumer demand?
- Where is future growth expected to be most dynamic?
Fish and Seafood in Mexico - Category analysis
KEY DATA FINDINGS
Despite higher prices, consumers increase expenditure
Climate issues impact production
Deemed as impractical for cooking, category faces a barrier
Low taxes for imports impact local producers
Fresh Food in Mexico - Industry Overview
Fresh food in 2024: The big picture
2024 key trends
Retailing developments
What next for fresh food?
DISCLAIMER
The following categories and subcategories are included:
Fish and Seafood
- Crustaceans
- Fish
- Molluscs and Cephalopods
Fish and Seafood
This is the aggregation of fish, crustaceans, molluscs and cephalopods. Includes: fresh raw (chilled and frozen) packaged and unpackaged unprocessed fish and seafood. Chilled and frozen fish and seafood can be cleaned, gutted, peeled/trimmed/filleted/cut to a different extent, but not cooked and no sauces, herbs or condiments can be added . Excludes: All packaged/processed fish and seafood products typically sold via the self-service counters in retail outlets.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Fish and Seafood research and analysis database.
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