Mexico Plant Based Milk Market Overview, 2029

In recent years, Mexico's market for plant-based milk has grown significantly. Plant-based alternatives are becoming more and more popular among Mexican consumers as part of the worldwide trend towards healthier and more sustainable eating options. Numerous causes, including as environmental awareness, health concerns, and the increasing incidence of lactose intolerance, are driving this trend. A vast array of goods, including rice milk, oat milk, soy milk, and almond milk, are available on the market to satisfy the varied tastes of consumers. A major driver of the Mexican plant-based milk market's expansion is the rising consciousness among consumers about wellness and health.

Because plant-based milk has less fat and no cholesterol than typical dairy milk, many customers believe it to be a healthier option. As it has less fat and no cholesterol than typical dairy milk, many consumers view plant-based milk as a healthier option. Because lactose sensitivity is somewhat widespread in the Mexican population, many customers are looking for options that are lactose-free. In Mexico, ethical and environmental sustainability are becoming more and more important factors in consumer decisions. Since plant-based milk production uses less land, water, and greenhouse gas emissions than dairy milk production, it often leaves a less environmental impact.

According to the research report "Mexico Plant Based Milk Market Market Overview, 2027" published by Bonafide Research, it is expected that the Plant Based Milk Market will grow rapidly over the forecast period. Dietary choices, environmental concerns, and health consciousness all fuel the market for plant-based milk in Mexico. The health advantages of plant-based diets, including as lowered cholesterol, a decreased risk of heart disease, and improved weight control, are becoming more well known to consumers. The demand for plant-based milk is rising as people adopt better lives. The market is expanding due to the impact of worldwide trends and the expanding selection of plant-based milk alternatives, such as oat, almond, soy, and coconut milk. To leverage the increasing demand in Mexico for plant-based milk, businesses had to concentrate on innovation and diversifying their product offerings. Customers' accessibility and convenience may be increased by broadening the distribution channels, which can include collaborations with supermarkets and health food stores as well as online platforms. Building a devoted client base may also be facilitated by funding consumer education programmes, such as nutrition seminars and culinary courses, which highlight the adaptability and advantages of plant-based milk in regular meals.
Based on its origins, plant-based milk is available in a variety of forms, each with unique flavors, textures, and nutritional profiles to suit a range of dietary requirements and customer preferences. Soy milk is one of the oldest and most widely used plant-based milk substitutes in the world. It comes from soybeans and is well-known for having a high protein content and creamy texture, which makes it a top choice for people seeking a dairy-free protein source. Almond milk has a little sweet taste and a nutty, light flavour. It is created from powdered almonds and water. To improve its nutritional value, almond milk is frequently fortified with calcium, vitamin D, and vitamin E. The chopped flesh of fully grown coconuts is used to make coconut milk. It tastes lightly like coconut and has a thick, creamy texture. Compared to other plant-based milks, coconut milk has more calories and fat, but it also has a distinct flavour that complements both savoury and sweet foods. Water is combined with milled white or brown rice to make rice milk. Its flavour is moderate and somewhat sweet, which makes it a good choice for people who are lactose intolerant or allergic to nuts. Soaking oats in water, mixing, and filtering the solids are the steps involved in making oat milk. It tastes like cow's milk—it's somewhat sweet and has a creamy texture. Other plant-based sources that can be used to make plant-based milk include hemp, flaxseed, quinoa, and pea protein. All of these substitutes satisfy varying dietary needs and customer preferences while providing unique tastes and nutritional advantages.

Formulations in the plant-based milk industry may be broadly divided into two categories: plain and flavoured varieties. Plain plant-based milks have a taste that is similar to that of regular dairy milk and are usually unflavored and unsweetened. Ingredients including soy, almond, oat, coconut, rice, or hemp are frequently used to make them. Customers searching for a flexible milk substitute that can be used for baking, cooking, and as a dairy substitute in drinks are drawn to simple formulas. Sweeteners (such cane sugar, agave syrup, or stevia) and artificial or natural flavours (including matcha, chocolate, strawberry, or vanilla) are added to enhance the flavour of plant-based milks. These formulations are intended for consumers who want to add diversity to their drinks and cereal or who are searching for ready-to-drink solutions that approximate flavoured dairy milk. Plant-based milks with flavours are frequently sold as stand-alone drinks that may be consumed cold or heated, as well as in smoothies and desserts. The market for plant-based milk offers both plain and flavoured formulations to accommodate a range of customer preferences, including dietary constraints, health-consciousness, and flavour preferences. As the demand for plant-based dairy substitutes rises, the market is expected to continue rising due to developments in ingredients and formulations.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029



Aspects covered in this report
• Plant-based Milk market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Source
• Soy
• Almond
• Coconut
• Rice
• Oat Milk
• Other Sources (Cashews, Hazelnuts, Others)

By Formulation
• Plain
• Flavored

The approach of the report:

This report consists of a combined approach to primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.