Mexico Confectionery Market Report and Forecast 2025-2034
Description
The Mexico confectionery market size is projected to grow at a CAGR of 5.60% between 2025 and 2034. The market is being driven by the rising demand for healthy and indulgent confectioneries and the growing trend of sustainability.
One of the key factors aiding the Mexico confectionery market growth is the growing trend of snacking. Customers are increasingly preferring indulgent snacks made with high-quality and healthy ingredients. Moreover, in the forecast period, the demand for artisanal and premium confectionery in Mexico is expected to rise amid the growing focus on quality.
Chocolates dominate the Mexico confectionery market share. Chocolates are consumed by Mexicans on a wide variety of occasions, including Valentine's Day, birthdays, and other events. Besides, the market is witnessing a shift towards indulgent yet healthy and low-sugar chocolates that can provide functional benefits.
The use of sustainable ingredients and packaging materials has become increasingly important in the country. This can be attributed to the growing trend of sustainability, the rising volume of waste and plastic pollution, and a surge in environmental consciousness. The growing focus on transparency and ethical sourcing is further propelling the Mexico confectionery market growth.
Retail stores account for a substantial portion of the sale of confectionery items in Mexico. However, with increasing internet accessibility and smartphone penetration, online distribution channels are expected to emerge as a leading channel for purchases by consumers.
Innovations in flavours and textures of confectioneries are expected to favour the Mexico confectionery market development in the forecast period. The rising demand for better-for-you confectioneries, new product development by key players, and the growing focus on health and wellness are anticipated to further revolutionise the Mexico market in the coming years.
Market Segmentation
Mexico Confectionery Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments
Market Breakup by Product Type
Chocolate_x000D_ _x000D_ White _x000D_ Dark _x000D_ Milk _x000D_ _x000D_
Chocolate_x000D_ _x000D_ White _x000D_ Dark _x000D_ Milk _x000D_ _x000D_
Sugar Confectionery_x000D_ _x000D_ Hard-Boiled Sweets _x000D_ Caramels and Toffees _x000D_ Mint and Gums _x000D_ _x000D_
Sugar Confectionery_x000D_ _x000D_ Hard-Boiled Sweets _x000D_ Caramels and Toffees _x000D_ Mint and Gums _x000D_ _x000D_
Snack Bars
Others
Market Breakup by Distribution Channel
Supermarkets and Hypermarkets
Convenience Stores
Speciality Stores
Online
Others
Market Breakup by Region
Baja California
Northern Mexico
The Bajío
Central Mexico
Pacific Coast
Yucatan Peninsula
Competitive Landscape
The key Mexico confectionery market players are
Nestlé S.A
Ferrero International S.A.
Mondelez International Inc.
Hershey Co.
Mars, Incorporated
Canels Group
Grupo Industrial Sweets SA de CV
Dulcerama de México
VIBERSA SA DE CV
Chocolatera Ibarra, S.A.P.I. de C.V.
Others
One of the key factors aiding the Mexico confectionery market growth is the growing trend of snacking. Customers are increasingly preferring indulgent snacks made with high-quality and healthy ingredients. Moreover, in the forecast period, the demand for artisanal and premium confectionery in Mexico is expected to rise amid the growing focus on quality.
Chocolates dominate the Mexico confectionery market share. Chocolates are consumed by Mexicans on a wide variety of occasions, including Valentine's Day, birthdays, and other events. Besides, the market is witnessing a shift towards indulgent yet healthy and low-sugar chocolates that can provide functional benefits.
The use of sustainable ingredients and packaging materials has become increasingly important in the country. This can be attributed to the growing trend of sustainability, the rising volume of waste and plastic pollution, and a surge in environmental consciousness. The growing focus on transparency and ethical sourcing is further propelling the Mexico confectionery market growth.
Retail stores account for a substantial portion of the sale of confectionery items in Mexico. However, with increasing internet accessibility and smartphone penetration, online distribution channels are expected to emerge as a leading channel for purchases by consumers.
Innovations in flavours and textures of confectioneries are expected to favour the Mexico confectionery market development in the forecast period. The rising demand for better-for-you confectioneries, new product development by key players, and the growing focus on health and wellness are anticipated to further revolutionise the Mexico market in the coming years.
Market Segmentation
Mexico Confectionery Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments
Market Breakup by Product Type
Chocolate_x000D_ _x000D_ White _x000D_ Dark _x000D_ Milk _x000D_ _x000D_
Chocolate_x000D_ _x000D_ White _x000D_ Dark _x000D_ Milk _x000D_ _x000D_
Sugar Confectionery_x000D_ _x000D_ Hard-Boiled Sweets _x000D_ Caramels and Toffees _x000D_ Mint and Gums _x000D_ _x000D_
Sugar Confectionery_x000D_ _x000D_ Hard-Boiled Sweets _x000D_ Caramels and Toffees _x000D_ Mint and Gums _x000D_ _x000D_
Snack Bars
Others
Market Breakup by Distribution Channel
Supermarkets and Hypermarkets
Convenience Stores
Speciality Stores
Online
Others
Market Breakup by Region
Baja California
Northern Mexico
The Bajío
Central Mexico
Pacific Coast
Yucatan Peninsula
Competitive Landscape
The key Mexico confectionery market players are
Nestlé S.A
Ferrero International S.A.
Mondelez International Inc.
Hershey Co.
Mars, Incorporated
Canels Group
Grupo Industrial Sweets SA de CV
Dulcerama de México
VIBERSA SA DE CV
Chocolatera Ibarra, S.A.P.I. de C.V.
Others
Table of Contents
133 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Latin America Confectionery Market Overview
- 5.1 Key Industry Highlights
- 5.2 Latin America Confectionery Historical Market (2018-2024)
- 5.3 Latin America Confectionery Market Forecast (2025-2034)
- 5.4 Latin America Confectionery Market Share by Country
- 5.4.1 Brazil
- 5.4.2 Mexico
- 5.4.3 Argentina
- 5.4.4 Others
- 6 Mexico Confectionery Market Overview
- 6.1 Key Industry Highlights
- 6.2 Mexico Confectionery Historical Market (2018-2024)
- 6.3 Mexico Confectionery Market Forecast (2025-2034)
- 7 Mexico Confectionery Market by Product Type
- 7.1 Chocolate
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.1.3 Breakup by Type
- 7.1.3.1 White
- 7.1.3.2 Dark
- 7.1.3.3 Milk
- 7.2 Sugar Confectionery
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.2.3 Breakup by Type
- 7.2.3.1 Hard-Boiled Sweets
- 7.2.3.2 Caramels and Toffees
- 7.2.3.3 Mint and Gums
- 7.3 Snack Bars
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Others
- 8 Mexico Confectionery Market by Distribution Channel
- 8.1 Supermarkets and Hypermarkets
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Convenience Stores
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Speciality Stores
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Online
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Others
- 9 Mexico Confectionery Market by Region
- 9.1 Baja California
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Northern Mexico
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 The Bajío
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Central Mexico
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Pacific Coast
- 9.5.1 Historical Trend (2018-2024)
- 9.5.2 Forecast Trend (2025-2034)
- 9.6 Yucatan Peninsula
- 9.6.1 Historical Trend (2018-2024)
- 9.6.2 Forecast Trend (2025-2034)
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyers Powers
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators for Demand
- 10.4 Key Indicators for Price
- 11 Trade Data Analysis (HS Code: 174, 1806)
- 11.1 Major Importing Countries
- 11.1.1 By Volume
- 11.1.2 By Value
- 11.2 Major Exporting Countries
- 11.2.1 By Volume
- 11.2.2 By Value
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Nestlé S.A
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Ferrero International S.A.
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Mondelez International Inc.
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Hershey Co.
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Mars, Incorporated
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Canels Group
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Grupo Industrial Sweets SA de CV
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Dulcerama de México
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 VIBERSA SA DE CV
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 Chocolatera Ibarra, S.A.P.I. de C.V.
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Others
Pricing
Currency Rates
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