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Cheese in Mexico: Euromonitor International September 2021
Cheese in Mexico: Euromonitor International September 2021
Euromonitor International
September 2021
CHEESE IN MEXICO Passport i
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CHEESE IN MEXICO Passport 1
CHEESE IN MEXICO
KEY DATA FINDINGS
▪ Shift towards foodservice as consumers gradually return to eating out in 2021, but retail
volume sales remain higher than pre-pandemic levels
▪ Cheese records marginal current value growth to reach MXN80 billion, while declining by 4%
in retail volume terms in 2021, falling to 377,000 tonnes
▪ Processed cheese excl spreadable records highest current value growth of 3% in 2021 to
reach MXN2.2 billion
▪ Average unit price increases by 4% in current value terms in 2021
▪ Sigma Alimentos SA de CV retains leadership of cheese in 2021 with a 16% value share
▪ Over the forecast period, cheese is predicted to record a 5% current value CAGR (a 2% value
CAGR at constant 2021 prices)
2021 DEVELOPMENTS
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CHEESE IN MEXICO Passport 2
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CHEESE IN MEXICO Passport 3
On the other hand, a further switch towards cheese consumption through foodservice is
expected over the forecast period in line with greater consumer confidence and rising
disposable incomes, driving both eat-in options and takeout or home delivery as Mexicans
resume their busy lifestyles and reducing the time allocated for preparing meals. Volume sales
of cheese through foodservice, are therefore expected to fully recover to pre-pandemic levels by
2024.
CATEGORY DATA
Table 1 Sales of Cheese by Category: Volume 2016-2021
'000 tonnes
2016 2017 2018 2019 2020 2021
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CHEESE IN MEXICO Passport 4
Source: Euromonitor International from official statistics, trade associations, trade press, company research,
store checks, trade interviews, trade sources
MXN million
2016 2017 2018 2019 2020 2021
% volume growth
2020/21 2016-21 CAGR 2016/21 Total
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CHEESE IN MEXICO Passport 5
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CHEESE IN MEXICO Passport 6
Source: Euromonitor International from official statistics, trade associations, trade press, company research,
store checks, trade interviews, trade sources
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CHEESE IN MEXICO Passport 7
'000 tonnes
2021 2022 2023 2024 2025 2026
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CHEESE IN MEXICO Passport 8
Source: Euromonitor International from trade associations, trade press, company research, trade interviews,
trade sources
MXN million
2021 2022 2023 2024 2025 2026
% volume growth
2021/22 2021-26 CAGR 2021/26 Total
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