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Mexico Agriculture - Industry - Market, Share and Trends 2023-2028

Report ID:

AGIND1NMEX

|

Industry:

Summary of Agriculture

Mexico’s agriculture industry is diverse and vibrant, contributing significantly to the nation’s economy, food security, and rural development. The sector encompasses a wide range of activities, including crop cultivation, livestock farming, forestry, and fisheries. With a favorable climate, fertile soils, and rich agricultural heritage, Mexico produces a variety of agricultural commodities and food products, catering to both domestic consumption and international markets.

It currently has an agricultural industry concentration that accounts for over 15.6% globally.

As per our estimates, we can say that the advanced manufacturing industry in Mexico is forecasted to be a $ 138.73 Billion industry in 2029 from $ 115.51 Billion in 2023 with a CAGR of 3.10%

Key sectors within Mexico’s agriculture industry include grains, fruits, vegetables, livestock, and agro-industrial products. The country is a major producer of staples such as corn, beans, and wheat, supporting the dietary needs of its population. Additionally, Mexico is renowned for its diverse array of fruits and vegetables, including avocados, tomatoes, citrus fruits, and peppers, which are exported globally.

Mexico’s agribusiness sector is thriving, with the country being the largest U.S. export market for agricultural sprayers. Drip and micro-irrigation equipment account for more than half of the agricultural equipment exports to Mexico. This emphasis on advanced irrigation technologies reflects Mexico’s commitment to enhancing agricultural efficiency and productivity.

Mexico’s agriculture industry stands out for its diversity, productivity, strong trade relations with the United States, emphasis on advanced irrigation technologies, and government support through agricultural policies. The sector plays a crucial role in Mexico’s economy and food production landscape, solidifying its position as a key player in the global agricultural market.

Recent Trends and Insights

One significant trend is the adoption of sustainable and organic farming practices. Mexican farmers are increasingly embracing agroecological approaches, including conservation agriculture, organic certification, and agroforestry, to enhance soil fertility, water conservation, and biodiversity. Sustainable farming practices support environmental stewardship, resilience to climate change, and access to premium markets for organic products.

Another notable trend is the growing demand for value-added and specialty agricultural products. Mexican consumers are increasingly seeking products with added value, such as organic, fair trade, and locally sourced foods.

Additionally, there is a rising interest in niche products such as gourmet cheeses, artisanal chocolates, and craft beverages, reflecting changing consumer preferences and lifestyle trends. Mexican farmers and agribusinesses are responding to these market demands by diversifying their product offerings and adopting quality and branding strategies to differentiate their products in the market.

Furthermore, there is a trend towards digitalization and technology adoption in Mexican agriculture. Farmers are leveraging digital tools such as precision agriculture, remote sensing, and blockchain technology to optimize crop management, improve decision-making, and enhance supply chain transparency.

Digital platforms for e-commerce, agri-tech startups, and mobile applications are also facilitating market access, financial inclusion, and knowledge sharing among farmers and agribusinesses.

Mexico’s agriculture industry is witnessing increased investment in research and development, innovation hubs, and technology transfer initiatives. Public-private partnerships, academic collaborations, and government-funded programs aim to promote innovation, technology adoption, and skills development in the agriculture sector.

Product Insights

Mexican corn varieties such as white, yellow, and blue corn are used in traditional dishes such as tortillas, tamales, and pozole, as well as in industrial processes for food and beverage production.

Additionally, Mexico is known for its diverse array of fruits and vegetables, including avocados, tomatoes, citrus fruits, and chili peppers. Avocado production, in particular, has experienced significant growth in recent years, with Mexico being the world’s leading producer and exporter of avocados. Mexican avocados are prized for their taste, texture, and nutritional value, contributing to their popularity in domestic and international markets.

Furthermore, Mexico produces a variety of tropical fruits such as mangoes, pineapples, and papayas, which thrive in the country’s warm climate and fertile soils. These fruits are enjoyed fresh, dried, or processed into juices, jams, and preserves, catering to both domestic and export markets.

Moreover, Mexico’s agriculture industry includes livestock products such as beef, poultry, and pork. Mexican meats are produced using traditional methods and strict quality standards, meeting domestic demand and contributing to export earnings.

Additionally, Mexico is known for its dairy products, including cheeses, yogurts, and creams, which are valued for their flavor, texture, and versatility in cooking.

Mexico is a crucial market for U.S. agricultural exports, with products like corn, soybeans, dairy products, pork, wheat, poultry meat, beef, soybean meal, and food preparations being significant exports to Mexico. The United States remains Mexico’s principal agricultural export market, highlighting the strong trade relations between the two countries in the agricultural sector.

Mexico’s agriculture industry offers opportunities for modernization through advanced machinery, strong trade relations with the United States for key agricultural products, a focus on high-value crops for profitability, and ongoing challenges related to small-scale farming operations and market dependencies.

Key Companies

Some major players within this vast domain of industry are:

    • Sistema.bio
    • Verqor, microTERRA
    • Siembro, Luxelare, Sprouders
    • Musarina
    • Nakasha Comercial EI
    • The Archer-Daniels-Midland Company (ADM)

Country Analysis

Mexico’s agriculture industry is a vital component of the nation’s economy, providing employment, food security, and rural development opportunities. With a favorable climate, diverse ecosystems, and rich agricultural traditions, Mexico produces a wide range of agricultural commodities and food products, serving domestic consumption and international markets.

The agriculture sector encompasses crop cultivation, livestock farming, forestry, and fisheries, contributing to economic growth and environmental sustainability.

The government plays a significant role in Mexico’s agriculture sector, providing policies, programs, and investments to support farmers, enhance productivity, and promote rural development.

Initiatives such as the Procampo program, agricultural subsidies, and infrastructure projects aim to improve access to inputs, markets, and credit for smallholder farmers and rural communities. Additionally, trade agreements and market access initiatives facilitate exports of Mexican agricultural products to global markets, generating foreign exchange earnings and economic growth.

Crop cultivation is a major component of Mexico’s agriculture industry, with staples such as corn, beans, and wheat being key commodities produced across the country. Additionally, Mexico is known for its diverse array of fruits and vegetables, including avocados, tomatoes, citrus fruits, and chili peppers, which are exported worldwide.

Mexico’s focus on high-value crops like avocados, tomatoes, peppers, berries, mangoes, and more has significantly contributed to its agricultural output and profitability. The country’s strategic plan emphasizes the development of high-value crops for export markets like the United States. Investments in research and infrastructure are essential to support productivity growth and sustainability within the sector.

Market segmentation

By Type:

  • Grains and Oilseeds
  • Livestock Farming
  • Horticulture
  • Viticulture
  • Fisheries and Aquaculture

By End User:

  • Domestic Consumers
  • Export Markets
  • Food Processing Industry

By Enterprise Size:

  • Smallholder Farms
  • Medium and Large-scale Enterprises
  • Agribusiness Companies

Our Methodology

We have offered a well-founded review of USA’s agriculture market along with ongoing trends and upcoming projections to highlight proximate investment opportunities in this report. Moreover, an extensive analysis of any prospects, challenges, competitors, or navigating aspects is also provided. A methodical detailed regional examination is presented.

Primary Research  

Our multi-pronged research approach includes interviews with industry leaders and a global survey of advanced manufacturing professionals to gain qualitative insights. We utilize our proprietary databases encompassing key performance indicators worldwide in order to collate relevant data points. A multivariate forecasting framework considering historical performance, current dynamics and qualitative factors are utilized to develop market sizing and growth projections through 2029.

We supplement our primary research with a careful examination of secondary materials such as– case studies, news stories and references from other sources. Organizations can benefit from the strategic advice and conclusions offered because they will be better equipped to respond to the dynamic nature of this industry and seize emerging possibilities.

We employ a comprehensive and iterative research methodology focused on minimizing deviation to provide the most accurate market estimates. Our research utilizes a combination of bottom-up and top-down approaches across segments and utilizes databases, primary research insights and industry experts for analysis.

Raw data is obtained from multiple sources and thoroughly filtered to ensure only authenticated and validated sources are considered. We collect data from raw material suppliers, industry associations, technology providers, and buyers to gain a holistic perspective.

Quantitative Analysis

Our market estimates are derived through statistical models, beginning with collection of historical data and analysis of macro- and micro-economic factors influencing the market. Gathered information on market dynamics, technology and pricing trends are utilised to build the models.

Econometric and technological models are applied to project short- and long-term market potential respectively. A bottom-up approach is preferred to minimize errors. Key parameters considered include market drivers and restraints, material pricing trends, regulatory scenarios, and capacity additions.

Weights are assigned to these parameters based on impact analysis and market forecasting is performed via statistical tools and techniques. We believe this methodology results in an accurate and realistic market picture.

We value your investment and offer free customization with every report to fulfil your research needs.

Frequently Asked Questions

The Mexico National value of the Agriculture Industry is USD 11551 Billion in 2023 and is expected to grow to USD 13873 Billion by 2029

The CAGR of the Agriculture Industry Market in Mexico is 3.1%

Sinaloa accounts for 8.4% of the total market share of the Agriculture Industry Market in Mexico

The key players in Mexico in Agriculture Industry Market are Gruma, Bachoco, Industrias Bachoco, Grupo Bimbo and Sigma Alimentos. These industry leaders collectively contribute to shaping the landscape of this market and driving growth within the industry.

The factors driving the Agriculture Industry Market in Mexico are Government support, Rising food demand, Technological advancements, Favorable climate and Competitive market. These factors contribute to the overall growth of this industry, establishing it as a key player in the interconnected global economy.

Summary of Agriculture

Mexico’s agriculture industry is diverse and vibrant, contributing significantly to the nation’s economy, food security, and rural development. The sector encompasses a wide range of activities, including crop cultivation, livestock farming, forestry, and fisheries. With a favorable climate, fertile soils, and rich agricultural heritage, Mexico produces a variety of agricultural commodities and food products, catering to both domestic consumption and international markets.

It currently has an agricultural industry concentration that accounts for over 15.6% globally.

As per our estimates, we can say that the advanced manufacturing industry in Mexico is forecasted to be a $ 138.73 Billion industry in 2029 from $ 115.51 Billion in 2023 with a CAGR of 3.10%

Key sectors within Mexico’s agriculture industry include grains, fruits, vegetables, livestock, and agro-industrial products. The country is a major producer of staples such as corn, beans, and wheat, supporting the dietary needs of its population. Additionally, Mexico is renowned for its diverse array of fruits and vegetables, including avocados, tomatoes, citrus fruits, and peppers, which are exported globally.

Mexico’s agribusiness sector is thriving, with the country being the largest U.S. export market for agricultural sprayers. Drip and micro-irrigation equipment account for more than half of the agricultural equipment exports to Mexico. This emphasis on advanced irrigation technologies reflects Mexico’s commitment to enhancing agricultural efficiency and productivity.

Mexico’s agriculture industry stands out for its diversity, productivity, strong trade relations with the United States, emphasis on advanced irrigation technologies, and government support through agricultural policies. The sector plays a crucial role in Mexico’s economy and food production landscape, solidifying its position as a key player in the global agricultural market.

Recent Trends and Insights

One significant trend is the adoption of sustainable and organic farming practices. Mexican farmers are increasingly embracing agroecological approaches, including conservation agriculture, organic certification, and agroforestry, to enhance soil fertility, water conservation, and biodiversity. Sustainable farming practices support environmental stewardship, resilience to climate change, and access to premium markets for organic products.

Another notable trend is the growing demand for value-added and specialty agricultural products. Mexican consumers are increasingly seeking products with added value, such as organic, fair trade, and locally sourced foods.

Additionally, there is a rising interest in niche products such as gourmet cheeses, artisanal chocolates, and craft beverages, reflecting changing consumer preferences and lifestyle trends. Mexican farmers and agribusinesses are responding to these market demands by diversifying their product offerings and adopting quality and branding strategies to differentiate their products in the market.

Furthermore, there is a trend towards digitalization and technology adoption in Mexican agriculture. Farmers are leveraging digital tools such as precision agriculture, remote sensing, and blockchain technology to optimize crop management, improve decision-making, and enhance supply chain transparency.

Digital platforms for e-commerce, agri-tech startups, and mobile applications are also facilitating market access, financial inclusion, and knowledge sharing among farmers and agribusinesses.

Mexico’s agriculture industry is witnessing increased investment in research and development, innovation hubs, and technology transfer initiatives. Public-private partnerships, academic collaborations, and government-funded programs aim to promote innovation, technology adoption, and skills development in the agriculture sector.

Product Insights

Mexican corn varieties such as white, yellow, and blue corn are used in traditional dishes such as tortillas, tamales, and pozole, as well as in industrial processes for food and beverage production.

Additionally, Mexico is known for its diverse array of fruits and vegetables, including avocados, tomatoes, citrus fruits, and chili peppers. Avocado production, in particular, has experienced significant growth in recent years, with Mexico being the world’s leading producer and exporter of avocados. Mexican avocados are prized for their taste, texture, and nutritional value, contributing to their popularity in domestic and international markets.

Furthermore, Mexico produces a variety of tropical fruits such as mangoes, pineapples, and papayas, which thrive in the country’s warm climate and fertile soils. These fruits are enjoyed fresh, dried, or processed into juices, jams, and preserves, catering to both domestic and export markets.

Moreover, Mexico’s agriculture industry includes livestock products such as beef, poultry, and pork. Mexican meats are produced using traditional methods and strict quality standards, meeting domestic demand and contributing to export earnings.

Additionally, Mexico is known for its dairy products, including cheeses, yogurts, and creams, which are valued for their flavor, texture, and versatility in cooking.

Mexico is a crucial market for U.S. agricultural exports, with products like corn, soybeans, dairy products, pork, wheat, poultry meat, beef, soybean meal, and food preparations being significant exports to Mexico. The United States remains Mexico’s principal agricultural export market, highlighting the strong trade relations between the two countries in the agricultural sector.

Mexico’s agriculture industry offers opportunities for modernization through advanced machinery, strong trade relations with the United States for key agricultural products, a focus on high-value crops for profitability, and ongoing challenges related to small-scale farming operations and market dependencies.

Key Companies

Some major players within this vast domain of industry are:

    • Sistema.bio
    • Verqor, microTERRA
    • Siembro, Luxelare, Sprouders
    • Musarina
    • Nakasha Comercial EI
    • The Archer-Daniels-Midland Company (ADM)

Country Analysis

Mexico’s agriculture industry is a vital component of the nation’s economy, providing employment, food security, and rural development opportunities. With a favorable climate, diverse ecosystems, and rich agricultural traditions, Mexico produces a wide range of agricultural commodities and food products, serving domestic consumption and international markets.

The agriculture sector encompasses crop cultivation, livestock farming, forestry, and fisheries, contributing to economic growth and environmental sustainability.

The government plays a significant role in Mexico’s agriculture sector, providing policies, programs, and investments to support farmers, enhance productivity, and promote rural development.

Initiatives such as the Procampo program, agricultural subsidies, and infrastructure projects aim to improve access to inputs, markets, and credit for smallholder farmers and rural communities. Additionally, trade agreements and market access initiatives facilitate exports of Mexican agricultural products to global markets, generating foreign exchange earnings and economic growth.

Crop cultivation is a major component of Mexico’s agriculture industry, with staples such as corn, beans, and wheat being key commodities produced across the country. Additionally, Mexico is known for its diverse array of fruits and vegetables, including avocados, tomatoes, citrus fruits, and chili peppers, which are exported worldwide.

Mexico’s focus on high-value crops like avocados, tomatoes, peppers, berries, mangoes, and more has significantly contributed to its agricultural output and profitability. The country’s strategic plan emphasizes the development of high-value crops for export markets like the United States. Investments in research and infrastructure are essential to support productivity growth and sustainability within the sector.

Market segmentation

By Type:

  • Grains and Oilseeds
  • Livestock Farming
  • Horticulture
  • Viticulture
  • Fisheries and Aquaculture

By End User:

  • Domestic Consumers
  • Export Markets
  • Food Processing Industry

By Enterprise Size:

  • Smallholder Farms
  • Medium and Large-scale Enterprises
  • Agribusiness Companies

Our Methodology

We have offered a well-founded review of USA’s agriculture market along with ongoing trends and upcoming projections to highlight proximate investment opportunities in this report. Moreover, an extensive analysis of any prospects, challenges, competitors, or navigating aspects is also provided. A methodical detailed regional examination is presented.

Primary Research  

Our multi-pronged research approach includes interviews with industry leaders and a global survey of advanced manufacturing professionals to gain qualitative insights. We utilize our proprietary databases encompassing key performance indicators worldwide in order to collate relevant data points. A multivariate forecasting framework considering historical performance, current dynamics and qualitative factors are utilized to develop market sizing and growth projections through 2029.

We supplement our primary research with a careful examination of secondary materials such as– case studies, news stories and references from other sources. Organizations can benefit from the strategic advice and conclusions offered because they will be better equipped to respond to the dynamic nature of this industry and seize emerging possibilities.

We employ a comprehensive and iterative research methodology focused on minimizing deviation to provide the most accurate market estimates. Our research utilizes a combination of bottom-up and top-down approaches across segments and utilizes databases, primary research insights and industry experts for analysis.

Raw data is obtained from multiple sources and thoroughly filtered to ensure only authenticated and validated sources are considered. We collect data from raw material suppliers, industry associations, technology providers, and buyers to gain a holistic perspective.

Quantitative Analysis

Our market estimates are derived through statistical models, beginning with collection of historical data and analysis of macro- and micro-economic factors influencing the market. Gathered information on market dynamics, technology and pricing trends are utilised to build the models.

Econometric and technological models are applied to project short- and long-term market potential respectively. A bottom-up approach is preferred to minimize errors. Key parameters considered include market drivers and restraints, material pricing trends, regulatory scenarios, and capacity additions.

Weights are assigned to these parameters based on impact analysis and market forecasting is performed via statistical tools and techniques. We believe this methodology results in an accurate and realistic market picture.

We value your investment and offer free customization with every report to fulfil your research needs.

Frequently Asked Questions

The Mexico National value of the Agriculture Industry is USD 11551 Billion in 2023 and is expected to grow to USD 13873 Billion by 2029

The CAGR of the Agriculture Industry Market in Mexico is 3.1%

Sinaloa accounts for 8.4% of the total market share of the Agriculture Industry Market in Mexico

The key players in Mexico in Agriculture Industry Market are Gruma, Bachoco, Industrias Bachoco, Grupo Bimbo and Sigma Alimentos. These industry leaders collectively contribute to shaping the landscape of this market and driving growth within the industry.

The factors driving the Agriculture Industry Market in Mexico are Government support, Rising food demand, Technological advancements, Favorable climate and Competitive market. These factors contribute to the overall growth of this industry, establishing it as a key player in the interconnected global economy.

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Understand the macroeconomic situations that affect the global positioning of countries.

Businesses can better understand how chatbots can advocate their vision.

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Creating a sustainable environment for driving multiple countries into a better tomorrow.

Understand how the U.S. discrepancy in accordance to their debt creates a havoc. 

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Featured Reports

Understand the macroeconomic situations that affect the global positioning of countries.

Businesses can better understand how chatbots can advocate their vision.

DeFi helps reduce dependency on traditional methods of transactions.

Creating a sustainable environment for driving multiple countries into a better tomorrow.

Understand how the U.S. discrepancy in accordance to their debt creates a havoc. 

Sustainable blockchain technology has immense benefit for the environment which cannot go unnoticed.