Market size and recent performance (2009-2024)
Industry revenue has grown at a CAGR of 3.8% over the past five years, to reach an estimated $192.5bn in 2019.
Trends and Insights
- As the Mexican peso depreciated, American interest in Mexican-processed meat, beef and poultry has increased
- Additional trends and insights available with purchase
Biggest companies in the Meat, Beef & Poultry Processing in Mexico
| Company
2019 | Market Share (%)
2019 | Revenue ($m)
2019 | Profit ($m)
2019 | Profit Margin (%)
2019 |
|---|---|---|---|---|
SuKarne | ||||
Grupo Kuo SAB de CV | ||||
Sigma Alimentos SAB de CV |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Industry revenue is measured across several distinct product and services lines, including Slaughtering, Cutting and packaging and Preparation of sausages and other products. Slaughtering is the largest segment of the Meat, Beef & Poultry Processing in Mexico.
Trends and Insights
• The Meat, Beef and Poultry Processing industry in Mexico's largest segment is animal slaughtering, which accounts for 41.8% of all industry activity in 2019.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Meat, Beef and Poultry Processing industry in Mexico engages in slaughtering, selecting, cutting, deboning, packing and freezing meat from cattle, poultry and other animals. The preservation process includes drying, salting, smoking and canning. In addition, the industry produces sausages, pig and beef lard and other edible animal fats. Over the five years to 2019, increased consumer spending and a growing population have significantly affected the industry's performance. As meat and poultry are still core parts to Mexicans' diets, as the population increases, demand for these products is expected to rise. IBISWorld estimates that the population of Mexico is expected to continue to increase at an annualized rate of 1.0% over the five years to 2019. While population growth has gradually increased, consumer spending in the country is expected to increase more rapidly. As a result, meat consumption is expected to rise, bolstering demand for industry goods. According to Organization for Economic Co-operation and Development (OECD) data, poultry consumption in Mexico is expected to increase at an annualized rate of 1.5% over the five years to 2019. Similarly, beef and veal consumption in Mexico is expected to increase at an annualized rate of 0.8% during the same five-year period. Increased demand has benefited the industry, resulting in revenue increasing at an annualized rate of 3.8% to MXN $192.5 billion over the five years to 2019, including a 3.1% growth in 2019 alone.
What's included in this industry?
Slaughtering animalsPreparing processed meats and meat byproductsRendering and refining animal fat, bones and meat scrapsCutting and packing meatsSlaughteringCutting and packagingPreparation of sausages and other productsCompanies
SuKarneGrupo Kuo SAB de CVSigma Alimentos SAB de CVPurchase this report to view all 4 major companies in this industry.
Related Terms
BIRD FLUMUTTONPORCINE EPIDEMIC DIARRHEA (PED) VIRUSIndustry Code
NAICS 31161MX - Meat, Beef & Poultry Processing in Mexico
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
US dollar exchange rate. Like many manufacturing industries in Mexico, the United States accounts for a major export destination for meat, beef and poultry processing. The exc...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2009-2018) and forecast (2019-2024)
- Employees, including historical (2009-2018) and forecast (2019-2024)
- Businesses, including historical (2009-2018) and forecast (2019-2024)
- Profit, including historical (2009-2019)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
• The Meat, Beef and Poultry Processing industry in Mexico's largest segment is animal slaughtering, which accounts for 41.8% of all industry activity in 2019.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2019
- Product innovation level
Charts
- Products & services segmentation in 2019
- Major market segmentation in 2019
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The Meat, Beef and Poultry Processing industry in Mexico's locations fall broadly in line with a region's population. The more populated a region, the stronger demand from who...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2019
Tables
- Number and share of establishments in each region in 2019
- Number and share of revenue each region accounts for in 2019
- Number and share of wages each region accounts for in 2019
- Number and share of employees in each region in 2019
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Supply contracts in place for key inputs. A steady supply of healthy livestock is essential for achieving maximum capacity utilization. Optimizing capacity is essential in a l...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2014-2019
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
SuKarne is one of the largest private meat and poultry companies in Mexico, founded in 1969. In 2016, the company generated sales over MXN $45.2 billion due to the company's l...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2015 through 2019
- Major companies in the industry, including market share, revenue, profit and profit margin in 2019
- Overview of SuKarne's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Grupo Kuo SAB de CV's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Sigma Alimentos SAB de CV's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for SuKarne, and factors influencing its performance in the industry
- Description and key data for Grupo Kuo SAB de CV, and factors influencing its performance in the industry
- Description and key data for Sigma Alimentos SAB de CV, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Beef, Meat and Poultry Processing industry is subject to moderate to high levels of regulation from a variety of regulatory agencies at the local, federal and internationa...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
Detailed analysis
- Demographic and macroeconomic factors influencing the industry
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2009-2024)
- IVA (2009-2024)
- Establishments (2009-2024)
- Enterprises (2009-2024)
- Employment (2009-2024)
- Exports (2009-2024)
- Imports (2009-2024)
- Wages (2009-2024)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the estimated market size of the Meat, Beef & Poultry Processing industry in Mexico in 2019?
The market size of the Meat, Beef & Poultry Processing industry in Mexico is $192.5bn in 2019.
How many businesses are there in the Meat, Beef & Poultry Processing in Mexico industry in 2019?
There are 2,880 businesses in the Meat, Beef & Poultry Processing industry in Mexico, which has declined at a CAGR of -1.6% between 2014 and 2019.
Has the Meat, Beef & Poultry Processing industry in Mexico grown or declined over the past 5 years?
The market size of the Meat, Beef & Poultry Processing industry in Mexico has been at a CAGR of 3.8% between 2014 and 2019.
What is the forecast growth of the Meat, Beef & Poultry Processing industry in Mexico over the next 5 years?
The Meat, Beef & Poultry Processing in Mexico market is forecast to over the five years from 2019 to 2024
What are the biggest companies in the Meat, Beef & Poultry Processing market in Mexico?
The biggest companies operating in the Meat, Beef & Poultry Processing market in Mexico are SuKarne, Grupo Kuo SAB de CV and Sigma Alimentos SAB de CV
What does the Meat, Beef & Poultry Processing in Mexico include?
Slaughtering animals and Preparing processed meats and meat byproducts are part of the Meat, Beef & Poultry Processing industry.
Which companies have the highest market share in the Meat, Beef & Poultry Processing in Mexico?
The company holding the most market share in Mexico is SuKarne.
How many people are/were employed in the Meat, Beef & Poultry Processing in Mexico in 2019?
There are 103k employed in the Meat, Beef & Poultry Processing industry in Mexico 2019.
Widen your competitive advantage with related industries
Related Domestic Industries
- The industry preserves foods for resale.
Methodology
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IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
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Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
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