Economic factors at play
While some of the trends can be seen in other regions, such as protein and probiotics in Europe and North America, economic factors are responsible for driving others.
Cheese preferences in Mexico, for instance, have been affected by global trade tariffs slapped on by some of its trading partners.
“In Mexico, consumption is shifting to Egmont cheese following the increase in tariff of 25% on cheddar mainly coming from the US and Europe,” noted the report.
Main Image: GettyImages/AlexMX
A look at LATAM dairy trends: Health & wellness, local flavors and premiumization Dairy for digestive health Low-fat and light Premiumization Local flavors Dairy 'snackification' Protein Plant-based dairy alternatives niche but growing Economic factors at play