Mexico: Food Processing Ingredients
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Mexico’s food processing industry is the third-largest in the Americas behind the United States and Brazil and is among the top 15 worldwide. Mexico's gross domestic product (GDP) grew by 3.1 percent in 2022 and continues to recover following the COVID-19 pandemic. The slump in Mexico’s tourism sector following the outbreak of COVID-19 began to recover in 2021 and rebounded more significantly in 2022, which also drove increased demand for food processing ingredients. Bakery and tortilla production accounted for 25 percent of total food processing in 2021, followed by meat and dairy processing. Food processing ingredient products with strong sales potential include vegetable proteins, non-wheat flours, extracts and functional products, plant-based foods, products with added elements such as vitamins and probiotics, and some dairy products. Mexico is a top global market for U.S. food processing ingredients.
