Mexico Plant-Based Food & Beverages by distribution channel (USD Million)

Year STORE-BASED SUPERMARKETS & HYPERMARKETS CONVENIENCE STORES OTHERS NON-STORE-BASED
2019 $ 223.6 $ 139.4 $ 52.2 $ 32.0 $ 45.9
2020 $ 239.1 $ 149.4 $ 55.9 $ 33.9 $ 49.3
2021 $ 257.1 $ 160.9 $ 60.2 $ 36.0 $ 53.3
2022 $ 277.0 $ 173.7 $ 64.9 $ 38.3 $ 57.7
2023 $ 298.4 $ 187.6 $ 70.0 $ 40.8 $ 62.4
2024 $ 322.6 $ 203.4 $ 75.7 $ 43.5 $ 67.8
2025 $ 349.7 $ 220.9 $ 82.2 $ 46.6 $ 73.8
2026 $ 379.6 $ 240.4 $ 89.3 $ 50.0 $ 80.5
2027 $ 412.9 $ 262.0 $ 97.2 $ 53.7 $ 87.9
2028 $ 449.7 $ 286.0 $ 105.9 $ 57.7 $ 96.2
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Mexico Plant-Based Food & Beverages by distribution channel (USD Million)

Synopsis
The above chart is Mexico Plant-Based Food & Beverages by distribution channel (USD Million)

Market Dynamics

the demand for plant-based food and beverages has been steadily increasing in mexico in recent years, with a growing focus on health and environmental awareness. this has led to a rise in demand for plant-based alternatives to meat and dairy products, as consumers look for healthier and more sustainable options. one of the key drivers of this demand is the distribution channels through which plant-based products are reaching consumers. mexico is a country with a diverse distribution network, consisting of traditional markets, supermarkets, convenience stores, and online channels. each channel presents a unique opportunity for plant-based food and beverage companies to tap into the growing demand for their products. one of the most popular distribution channels for plant-based products in mexico is supermarkets. this is due to the convenience and variety of products offered, making it easier for consumers to find and purchase their desired plant-based options. supermarkets also have a wide reach, making it possible for companies to make their products available to a larger market. additionally, supermarkets often have their own brand of plant-based products, providing a budget-friendly option for consumers. convenience stores are also an important distribution channel for plant-based products in mexico. with a large number of convenience stores spread throughout the country, they are easily accessible to consumers, making it convenient for them to purchase plant-based snacks and on-the-go options. these stores also often have a good selection of plant-based alternatives to traditional dairy and meat products, making it easier for consumers to make the switch. traditional markets are also an important distribution channel, especially in more rural areas of mexico. these markets offer fresh and locally grown produce, including a variety of plant-based options. for many consumers, these markets provide a more affordable option for plant-based products, as they are often priced lower than their supermarket counterparts. finally, the rise of online shopping has also brought about a new channel for plant-based food and beverages in mexico. with the convenience and ease of online shopping, more consumers are turning to e-commerce platforms to purchase their plant-based products. this also provides an opportunity for smaller, independent plant-based companies to reach a wider market without the need for a physical storefront. in conclusion, the demand for plant-based food and beverages in mexico is closely linked to the distribution channels through which these products are made available to consumers. with a diverse distribution network including supermarkets, convenience stores, traditional markets, and online channels, plant-based companies have numerous opportunities to reach and cater to the growing demand for their products in mexico.

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