Mexico Spreads Market Overview, 2028

Mexico, known for its diverse cuisine and extensive culinary history, offers a mouthwatering variety of flavours that entice taste buds all around the world. Country's enthusiasm for savoury and adaptable condiments, the food spread business in Mexico has grown to be a vibrant and prosperous sector of the country's economy. This market area has experienced substantial expansion, giving a delicious tour through Mexican cuisine, from traditional salsas to cutting-edge spreads. In Mexican culture, food spreads are essential for enhancing the flavour and texture of many foods. In many traditional dishes, they serve as dipping sauces, garnishes, and flavour enhancers. The historic roots of Mexican food, along with indigenous and Spanish colonial influences, have resulted in a vast variety of dishes that highlight the gastronomic diversity of the nation. The diversity and ongoing innovation of the Mexican food spread business are two features that set it apart. The market provides a diverse range of flavours and textures, from age-old favourites like guacamole, salsa roja, and mole to more modern inventions like chipotle mayo and avocado-habanero spreads. To adapt to changing consumer preferences, producers and craftspeople constantly experiment with ingredients, fusing old recipes with contemporary twists. According to the research report “Mexico Spreads Market Overview, 2028," published by Bonafide Research, The Mexico Spreads Market is projected to reach market size of more than USD 1.7 Billion by 2028. Salsa holds a special place in Mexican cuisine. With countless regional variations and flavors, salsa is a staple food spread in Mexican households and restaurants. Mexico is the world's largest producer of avocados, and guacamole, a popular avocado-based spread, has gained international fame. The demand for guacamole has soared, especially in the United States, where it has become a favorite dipping sauce and condiment. Mole is a rich and complex sauce made with numerous ingredients including chili peppers, nuts, chocolate, and spices, holds a significant cultural importance in Mexican cuisine. There are several regional variations of mole, with Oaxaca being particularly famous for its seven varieties. Mole is often used as a sauce, marinade, or food spread, adding depth and flavor to dishes. While mayonnaise is not traditionally Mexican, it has gained immense popularity as a food spread in the country. Mexicans have creatively incorporated mayonnaise into their cuisine, using it in dishes like tortas, elotes and even as a topping for tacos. Chili peppers play a central role in Mexican food spreads, providing the distinctive heat and flavor. From smoky chipotle to fiery habanero, the variety of chili pepper-based spreads available in Mexico is vast. These spreads cater to a wide range of heat preferences and add an unmistakable kick to dishes. The food spread market in Mexico showcases a strong artisanal heritage. Many small-scale producers and local artisans specialize in creating handcrafted spreads using traditional methods, emphasizing quality and authentic flavors. This artisanal approach ensures that unique regional recipes and techniques are preserved and celebrated. Mexican food spreads often draw inspiration from the indigenous culinary traditions that have shaped the country's cuisine. Ingredients like corn, beans, cocoa, and various native spices find their way into spreads, showcasing the deep connection between Mexican food and its indigenous roots. Street food culture has greatly influenced the food spread market in Mexico. The popularity of antojitos such as tacos, quesadillas, and tlayudas has led to the development of flavorful spreads that complement and elevate these dishes. Street vendors and taquerias often offer an array of spreads for customers to customize their meals. Mexican food spreads have embraced fusion flavors, blending traditional Mexican ingredients with international influences. This experimentation has resulted in innovative spreads like chipotle-infused mayo, avocado hummus, and mango habanero salsa, catering to evolving taste preferences and culinary trends. Mexican food spreads have gained recognition and demand in international markets. Mexico exports its food spreads to countries worldwide, particularly the United States, where Mexican cuisine continues to gain popularity. This export success showcases the global appeal of Mexican flavors and the quality of its food spreads.

Mexico is widely regarded as the birthplace of chocolate. The ancient Mesoamerican civilizations, such as the Aztecs and Mayans, were the first to cultivate and consume cacao beans, using them to create a thick, rich beverage. Today, chocolate spreads, such as chocolate-hazelnut spread, continue to be popular in Mexico. Different regions of Mexico have their own unique food spreads that are highly regarded and celebrated. For instance, in Yucatan, a popular spread called "recado negro" is made from a blend of spices, including blackened chili peppers, giving it a distinct dark color and robust flavor. Many traditional Mexican food spreads are made using time-honored preservation techniques. For instance, "Nopales en Escabeche" is a spread made from pickled cactus pads, a method that dates back centuries and helps to preserve the vegetable's freshness and flavor. Agave syrup, a natural sweetener derived from the agave plant, has gained popularity as an alternative to traditional sweet spreads like honey or sugar. It is commonly used as a topping for pancakes, toast, and desserts, adding a unique flavor profile. The food spread market in Mexico is not limited to savory spreads alone. There has been a rise in innovative sweet spreads, such as fruit jams, jellies, and caramel spreads, showcasing the country's versatility in catering to diverse taste preferences. Alongside popular spreads like peanut butter, Mexican cuisine offers unique nut-based spreads. One instance is "Nuez de Castilla" spread, made from locally sourced Mexican walnuts, renowned for their rich, buttery flavor. The food spread market in Mexico has embraced indigenous superfoods, incorporating them into spreads for added nutritional value. Spreads made from chia seeds, amaranth, and spirulina have gained popularity as consumers seek healthier options. Many food spreads in Mexico are made using traditional cooking techniques, such as stone grinding or metate, which involves grinding ingredients on a volcanic stone slab. These methods are believed to enhance the flavors and textures of the spreads. Mexican food spreads often play a prominent role in festive occasions and celebrations. For instance, during the Day of the Dead festivities, families prepare an altar with offerings, including spreads like mermelada de membrillo and cajeta. With growing awareness of sustainability, many food spread producers in Mexico are adopting eco-friendly practices. This includes sourcing ingredients from local farmers, promoting fair trade, and using recyclable or biodegradable packaging. Considered in this report: • Geography: Mexico • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report: • Mexico Spread Market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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Manmayi Raval

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By Product Type: • Spreadable Fats • Fruit Jam & Preserve Spreads • Nut Based Spreads • Chocolate Spreads • Savory Spreads • Honey Based Spreads By End-Use: • Household • Commercial By Nature: • Conventional • Organic / Plant Based

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By Distribution Channel: • Hypermarket & Supermarket • Convenience Store • Online • Others (Foodserive & Direct Sales) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to spread industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.