Mexico: Meat producers maintain prices and look askance at vegan proteins

Published 2024년 1월 30일

Tridge summary

Alternative proteins are becoming increasingly popular in Mexico, driven by environmental concerns and a shift towards healthier eating during the pandemic. Despite high prices, major chains are adding these products to their menus, boosting companies like Notco and Heura Foods. The Mexican meat substitutes market is expected to generate $254 million in 2021, growing at a CAGR of 8.65% until 2028. However, consumption of animal-based proteins is also growing, and local producers do not yet view alternative proteins as a major threat. Meanwhile, Hermosillo has highlighted the need for market determination and price stability, warning that price increases could deter customers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In a global scenario that seeks solutions to reduce greenhouse gas emissions and combat climate change, alternative proteins are making their way into the Mexican market. Although they do not yet represent a significant threat to animal meat manufacturers, the growth projections in their consumption and the growing pressure to reduce emissions have led large chains to incorporate vegetable proteins or alternatives in their menus as part of their strategies to achieve carbon neutrality. Although some experts consider that the massification of alternative proteins is far from happening due to their high prices for end consumers, the trend has led large companies to explore this option on their menus as part of a strategy to achieve carbon neutrality. . Lentil, almond milk or soy chicken burgers have gained presence on supermarket shelves, and some of these products have been integrated into the menus of well-known restaurant and cafe chains, such as Toks or Starbucks in Mexico. ...
Source: Expansion

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