The processed food industry is constituted by the sub sectors of grain and seed milling; oil and fat sourcing; candy with and without cocoa; fruit and vegetable preserves and prepared foods; dairy; cattle and poultry meat processing; fish and seafood preparation and packaging; bread and tortillas, among others.
In Mexico, the processed food industry has reported significant growth in recent years, mainly due to its productivity and inputs availability, as well as the country's macroeconomic solidity, competitiveness to attract foreign investment and capacity to be an export platform to more than 40 countries with which it has trade agreements.
In 2015, Mexico's processed food industry produced 121,610 billion dollars, which represented 18.5% of the country's manufacturing production and 6.5% of its total production.
The main export destinations in 2015 were the United States, Japan Canada, Guatemala and Hong Kong with shares in total Mexican exports from this industry of 71.1%, 4.5%, 2.3%, 2.2% and 1.7% respectively.
In 2015, Mexico was ranked:
•Second exporter of frozen orange juice.
•Second exporter of powdered cocoa with sugar.
•Third exporter of bubble gum .
•Fifth exporter of cookies.
The following are some of the leading Mexican companies in the processed food industry:
•Grupo La Moderna
•Ganaderos Productores de Leche Pura
•Grupo Industrial Lala
Investment in Mexico has increased thanks to the country's cost competitiveness compared to other countries, its geographic location and specialized workforce.
In 2015, FDI summed 1,425 million dollars, reaching an accumulated value of 5,801 billion dollars during the 2009-2015 period.
The growth of foreign direct investment of the industry in Mexico is believed to extend from increased consumption, health trends and the country's capacity to produce a wide variety of foods.
• Skilled Workforce: According to the National Association of Universities and Higher Education Institutions information, in 2015 graduated about 7,000 students from agricultural sciences programs.
In Mexico, more than 60,000 higher-education students in Mexico are enrolled in agriculture, forestry and fisheries; and agro-industrial engineering and food technology programs.
• Competitive Costs: In the processed food industry, Mexico offers 11.1% savings in manufacturing costs when compared to the United States.
• Geographic Location: Mexico has access to the Atlantic and Pacific oceans and is an intermediary in the North and South American markets, where growth is increasing.