Report cover image

Mexico Baby Food Market Size and Share by Categories, Distribution and Forecast to 2028

Publisher GlobalData
Published Jun 18, 2023
Length 126 Pages
SKU # GBDT18273838

Description

Mexico Baby Food Market Size and Share by Categories, Distribution and Forecast to 2028


Summary

“Mexico Baby Food Market Size and Share by Categories, Distribution and Forecast to 2028” is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Mexican market.

The number of live births in Mexico declined by 18.3% during 2016-22, reaching 1,873,000 in 2022. This resulted in a baby population of 5,414,400 in 2022. Both the crude birth rate and total fertility rates have fallen. The GDP of Mexico grew by 3.1% in 2022, owing to the recovery in industrial activity, while consumer price inflation stood at 7.9%. Overall sales in value terms have increased in recent years with the sector registering a CAGR of 5.6% during 2016-22. In volume terms, sales increased in 2022 registering a CAGR of 1.1% during 2016-22. Baby milks remained the largest category in value terms with over 77.2% of the baby food sector, followed by baby wet meals. Nestlé and Mead Johnson (Reckitt Benckiser) were the top two companies in 2022. Hypermarkets & supermarkets remained the leading distribution channel, accounting for over 57.4% of overall value sales in 2022. GlobalData estimates that the number of live births will decrease over the forecast period in Mexico. The market for baby food in the country is expected to grow in value terms during 2022-28, registering a CAGR of 11.3%.

What else does this report offer?
  • Consumption data based upon a unique combination of industry research, fieldwork, market sizing work and our in-house expertise to offer extensive data about the trends and dynamics affecting the industry.
  • Detailed profile of the companies operating and new companies considering entry in the industry along with their key focus product sectors.
  • Market profile of the various product sectors with the key features & developments, segmentation, per capita trends and the various manufacturers & brands.
  • Overview of baby food retailing with a mention of the major retailers in the country along with the distribution channel.
  • Future projections considering various trends which are likely to affect the industry.
Scope
  • Value sales of baby milks increased from MXN11.1 billion ($592.4 million) in 2016 to MXN15.4 billion ($764.2 million) in 2022, at a CAGR of 5.6% during this period.
  • Baby cereals and dry meals volumes decreased from 4.42 million kg in 2016 to 4.19 million kg in 2022, declining at a CAGR of 0.9%.
  • Value sales of the baby wet meals and other category rose from MXN2.4 billion($126.2 million) in 2016 to MXN3.4 billion ($168.4 million) in 2022, at a CAGR of 6.2%.
  • During 2016-22, per capita expenditure on baby drinks increased by 36.4% in current price terms, and by 0.4% in constant price terms.
Reasons to Buy
  • Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation.
  • Analyse current and forecast behavior trends in each category to identify the best opportunities to exploit.
  • Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market.
  • Investigates which categories are performing the best and how this is changing market dynamics.

Table of Contents

126 Pages
  • Executive Summary
    • Value and Volume Growth Analysis by Region
    • Growth Analysis of Mexico Compared with Other Leading Countries in Latin America
    • PCC and PCE of Mexico Compared with Global and Latin American Markets
    • Births - Live Birth Rates
    • Births - Birth Rates by Region
    • The Consumer: Survey Insights
    • The Consumer
    • Sociodemographic Trends
    • Working Women
    • Parental Leave - Legislation
    • Breastfeeding Trends - Prevalence
    • Regulations
    • Mexico Baby Food Sector Snapshot
    • Market Size Analysis
    • Manufacturer Shares
    • Baby Milks
    • Market Size Analysis - Category: Baby Cereals and Dry Meals
    • Baby Cereals and Dry Meals: Per Capita Trends
    • Baby Cereals and Dry Meals: Segmentation
    • Baby Cereals and Dry Meals: Manufacturers
    • Baby Cereals and Dry Meals: Manufacturers and Brands
    • Market Size Analysis - Category: Baby Wet Meals and Other
    • Baby Wet Meals and Other: Per Capita Trends
    • Baby Wet Meals and Other: Segmentation
    • Baby Wet Meals and Other: Manufacturers
    • Baby Wet Meals and Other: Manufacturers and Brands
    • Market Size Analysis - Category: Baby Drinks
    • Baby Drinks: Per Capita Trends
    • Baby Drinks: Segmentation
    • Baby Drinks: Manufacturers Shares
    • Baby Drinks: Manufacturers and Brands
    • Imports
    • Exports
    • Channel Share Analysis
    • Baby Food Retailing
    • GDP Growth and Inflation
    • Future Trends
    • Definitions - Category
    • Definitions - Terminology
    • The Baby Population: A decline of 5.7% is expected during 2022-28
    • Sector Value: In 2022, the market's value sales amounted to $983.3 million
    • Sector Value: In constant price terms, sales increased by 1.9% during 2016-22
    • Sector Volume: Baby food consumption amounted to 84.1 million kg in 2022
    • Per Capita Expenditure: Expenditure per baby aged 0-36 months stood at $181.6 in 2022
    • Per Capita Expenditure: Spending in real terms rose by 33.9% during 2016-22
    • Per Capita Consumption: Intake per baby aged 0-3 years was 15.5kg in 2022
    • Baby Milks: In 2022, toddler milk accounted for 40.1% of value sales
    • Value Forecasts: During 2022-28, the market's overall value is set to grow by 72.8%
    • Value Forecasts: Value sales to reach MXN29.7 billion ($1.3 billion) in 2028
    • Volume Forecasts: Baby food consumption will total 121.36 million kg in 2028
    • Per Capita Forecasts: Expenditure is forecast to reach $332.7 per baby in 2028
    • Per Capita Forecasts: PCE is anticipated to reach MXN5,823.3 ($263.7) in 2028
    • Per Capita Forecasts: Intake per baby aged 0-3 years is set to stand at 23.8kg in 2028
    • Exchange Rates (LCU per $)
    • Store Checks: A total of 150 SKUs were recorded by GlobalData, with the baby wet meals and other category making up the largest proportion
  • Methodology

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us