Mexico Plant-Based Food and Beverages Market Size (2024 - 2029)

Mexico Plant Based Food and Beverages Market Analysis

Mexico plant-based food and beverages market is projected to grow at a CAGR of 10.8% during the forecast period (2022 - 2027).

The COVID-19 pandemic had a favorable effect on Mexico's plant-based food and beverage market as consumers are opting for a vegan diet to reduce the risk factors of COVID-19's more serious effects. A plant-based diet is good for weight, energy metabolism, and overall inflammatory levels. In addition, consumer behavior is influenced by the WHO guidelines that recommend avoiding the consumption of sugar fat, and salt, and limiting red meat consumption to 1-2 times a week, and poultry to 2-3 times per week. They also suggest consuming less than 160g of meat daily to maintain digestive health.

Over the medium term, the market will primarily grow owing to the increasing vegetarian population. For instance, the data released by Vegconomist ( The vegan business magazine) in 2019 shows that among 130 million people living in Mexico, a startling 20% have eliminated animal-based food and beverages as a part of their vegan lifestyle, Further, the veganism trend is supported by the rising prevalence of chronic disease including diabetes, heart disease, and stroke, among others.

Furthermore, growing concern about the climate impacts due to meat production, food innovations from start-ups, and their initiative to promote the vegan diet are all contributing to the rapid growth of plant-based food and beverages in Mexico. For instance, In June 2021, Planterra Foods expanded its plant-based business operations in Mexico by introducing its plant-based offerings across foodservice channels and retail channels.

Mexico Plant Based Food and Beverages Industry Segmentation

Plant-based food and beverages are produced from various plant sources such as fruits, vegetables, nuts, oils, whole grains, and legumes, among others. Being plant-based these products contain no components derived from animals and use only plant-sourced ingredients. Mexico plant-based food and beverages market is segmented by product type and distribution channel. By product type, the market is segmented into meat substitutes, dairy alternative beverages, non-dairy ice cream, non-dairy cheese, non-dairy yogurt, non-dairy spreads, and other plant-based products that include non-dairy chocolates, milk powders, etc. By distribution channel, the market is segmented into supermarkets/hypermarkets, convenience/grocery stores, online retail stores, and other distribution channels. The report offers market size and forecasts in value (USD million) for the above segments.