Competition is likely to remain dynamic within cheese over the forecast period. Inflationary pressures might be a driver for budget-conscious consumers to trade down to more affordable brands, which will push for innovation at the top of the competitive landscape.
Despite industry efforts to reposition cheese as a healthy food, it is likely that plant-based options will continue to present a relevant challenge to the category. Plant-based cheese has been recording double-digit growth in both volume and value terms following its entry to the local market in 2019.
Innovation in cheese will be motivated mainly by convenience, an aspect the category has already started to explore well. On the convenience side, innovation can occur around new formats to be used in a wider range of dishes, from a simple sandwich at breakfast and a snack, to lunch and dinner.
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Understand the latest market trends and future growth opportunities for the Cheese industry in Mexico with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Cheese industry in Mexico, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cheese
This is the aggregation of hard, soft, spreadable and processed cheese (excl spreadable). Note: Non-dairy cheese substitutes are excluded from this category and tracked under plant-based cheese.
See All of Our DefinitionsThis report originates from Passport, our Cheese research and analysis database.
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