Mexico: Food Processing Ingredients
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Mexico is the third largest food processor in the Americas behind the United States and Brazil, and it is in the top 15 worldwide. Moreover, the food industry in Mexico is one of the most dynamic with an average annual growth of 4.3 percent, with a gross domestic product (GDP) contribution of $39.4 billion in 2020. Recovery in Mexico’s tourism sector (although still behind 2019 levels) following depressed travel numbers in 2020 due to COVID-19, was a primary driver for increased demand for food processing ingredients in 2021. Bakery and tortilla, meat processing, and dairy production were the primary processing industries, with bakery and tortilla accounting for 25 percent of the total production. Though Mexico traditionally sources around 90 percent of its food processing ingredients locally, it remains an important market for U.S. food ingredients. Products with potential include dairy products, milk protein, micellar casein, flours, extracts and functional products, vegetal proteins, premium products.
