Mexico: Chocolate Confectionery Market and the Impact of COVID-19 on It in the Medium Term

Mexico: Chocolate Confectionery Market and the Impact of COVID-19 on It in the Medium Term

The chocolate confectionery market in Mexico was equal to 868.00 million USD (calculated in retail prices) in 2015. Until 2025, the chocolate confectionery market in Mexico is forecast to reach 1.47 billion USD (in retail prices), thus increasing at a CAGR of 3.84% per annum for the period 2020-2024. This is a decrease, compared to the growth of about 7.08% per year, registered in 2015-2019.

The average consumption per capita in value terms reached 6.99 USD per capita (in retail prices) in 2015. In the next five years, it grew at a CAGR of 5.68% per annum. In the medium term (by 2025), the indicator is forecast to slow down its growth and increase at a CAGR of 2.69% per annum.

A growing segment during the past few years has been organic chocolate, which transitioned from a popular trend into a mainstream. Since consumers’ interest in organic products is constantly growing, there are many opportunities for the confectionery industry. As a result, leading brands, as well as boutiques and independent producers are introducing more indulgent organic offerings. As a matter of fact, “organic” has been among the most important claims when it comes to new launches in confectionery. One of the main reasons for the acceptance of organic products is the complexity of the organic claim and the variety of concepts, associated with it. The term “organic” usually supports other values consumers are searching for in products. More specifically, people are looking for organic products, as they associate them with sustainability and fair labor claims, thus believing to make an ethical decision. Secondly, they often perceive organic products as natural and healthier ones. In addition, organic claim is also connected with the ongoing free-from trend, which further meets consumers’ need for a better diet.

Today, an increasing number of producers have considered the opportunity to create artisan sweets, driven by the rising interest in specialized chocolate and the growing hunger for authentic taste. They put more focus on the provenance of the raw materials and make confectionery free from artificial preservatives, colors or flavors. According to industry experts, younger generations demand delicious and authentic confectionery products with a simple, clean ingredient list. As people’s palates are becoming more sophisticated, the number of boutique chocolate firms has substantially increased in the last few years, especially in Britain. In Britain, as well as worldwide, more artisan producers have been developing new and exciting products or reinventing classic ones with a twist, incorporating unusual combinations. They have been offering consumers more variety and appealing new choices. Overall, single-origin, organic, high-cocoa, and ethical chocolate options are among the fast-growing categories in the confectionery industry. Although there is no universally accepted definition of an artisan confectionery, it is considered to be superior in taste, texture, appearance and aroma to its mass-produced counterpart.


1. Introduction
2. Research Methodology
3. Executive Summary
4. Product Description
5. State of the Global Demographics and Economy
5.1. Characteristics of the Global Demographics in 2016-2020
5.2. Characteristics of the Global Economy in 2016-2020
5.3. Forecast for the Development of the Global Economy in the Short Term
6. Overview, Segmentation and Analysis of the Mexican Chocolate Confectionery Market
6.1. Volume, Value and Dynamics of the Mexican Chocolate Confectionery Market in 2016-2020
6.2. Trends and Insights of the Mexican Chocolate Confectionery Market
6.3. Profiles of the Main Players on the Mexican Chocolate Confectionery Market
6.4. Five Forces Analysis
6.5. Competitive Landscape on the Mexican Chocolate Confectionery Market
6.6. Drivers and Challenges That Will Affect the Future Development of the Mexican Chocolate Confectionery Market
7. Characteristics and Analysis of the Mexican Prices of Chocolate Confectionery in 2016-2020
7.1. Value Chain Analysis
7.2. Structure of Price Formation
7.3. Value and Dynamics of the Average Mexican Retail Prices of Chocolate Confectionery in 2016-2020
8. Mexican Foreign Trade Operations of Chocolate Confectionery
8.1. Mexican Foreign Trade Operations of Chocolate Confectionery in 2016-2020
9. Overview, Segmentation and Analysis of the Imports of Chocolate Confectionery to Mexico
9.1. Volume, Value and Dynamics of the Imports of Chocolate Confectionery to Mexico in 2016-2020
9.2. Major Trade Inflows - Segmentation of the Imports of Chocolate Confectionery to Mexico by Exporting Countries in 2016-2020
9.3. Average Import Prices of the Chocolate Confectionery, Imported to Mexico in 2016-2020
10. Overview, Segmentation and Analysis of the Mexican Exports of Chocolate Confectionery
10.1. Volume, Value and Dynamics of the Mexican Exports of Chocolate Confectionery in 2016-2020
10.2. Major Trade Outflows - Segmentation of the Mexican Exports of Chocolate Confectionery by Importing Countries in 2016-2020
10.3. Average Export Prices of the Chocolate Confectionery, Exported from Mexico in 2016-2020
11. Characteristics of the Mexican Consumption of Chocolate Confectionery per Capita
11.1. Volume, Value and Dynamics of the Mexican Chocolate Confectionery Consumption per Capita in 2016-2020
12. Forecast for Development of the Mexican Chocolate Confectionery Market in 2021-2026
12.1. Forecast for Development of the Mexican Chocolate Confectionery Market in 2021-2026 in Three Possible Scenarios
About us
List of Tables
• Global population, broken down by main regions in 2016-2020, in millions of people and in %
• Global population growth rate, population density, urban population and life expectancy, broken down by regions in 2016-2020, in %, people per sq.km. and years
• Age structure of the global population, broken down by main regions, in %
• Sex structure of the global population, broken down by main regions, in %
• Global GDP, broken down by main regions, in millions of USD
• Global GNI per capita (Atlas method), broken down by main regions, in USD
• Global GDP per capita and GDP annual growth, broken down by main regions, in USD per capita and in %
• Global unemployment rate, labor force participation rate and GDP per person employed, broken down by regions in 2016-2020, in % and in constant 2011 PPP USD
• Global school enrollment (tertiary education), broken down by main regions, in % of gross education
• Global inflation rate – consumer prices, GDP deflator, bank capital to assets ratio, and bank nonperforming loans to total gross loans, broken down by main regions, in %
• Global imports and exports of goods and services, BoP, broken down by main regions, in millions of USD and in %
• Forecasted global GDP, broken down by main regions, in billions of USD
• Forecasted global GDP growth, broken down by main regions, in %
• Forecasted global GDP per capita, current prices, broken down by main regions, in %
• Volume and dynamics of the Mexican chocolate confectionery market in 2016-2020, in thousands of tons and in %
• Value (in RSP) and dynamics of the Mexican chocolate confectionery market in 2016-2020, in million USD and in %
• Importance of the HoReCa channel (on-trade vs. off-trade of chocolate confectionery) in 2016-2020 and forecast for 2021-2026
• Segmentation of chocolate confectionery retail distribution in Mexico by distribution channels
• Market shares of the main market players
• Key financial indicators of Company A for the FY 2016 – FY 2020, in millions of USD and in %
• Key financial indicators of Company B for the FY 2016 – FY 2020, in millions of USD and in %
• Key financial indicators of Company C for the FY 2016 – FY 2020, in millions of USD and in %
• Key financial indicators of Company D for the FY 2016 – FY 2020, in millions of USD and in %
• Key financial indicators of Company E for the FY 2016 – FY 2020, in millions of USD and in %
• Key financial indicators of Company F for the FY 2016 – FY 2020, in millions of USD and in %
• Key financial indicators of Company G for the FY 2016 – FY 2020, in millions of USD and in %
• Key financial indicators of Company H for the FY 2016 – FY 2020, in millions of USD and in %
• Key financial indicators of Company I for the FY 2016 – FY 2020, in millions of USD and in %
• Key financial indicators of Company J for the FY 2016 – FY 2020, in millions of USD and in %
• Volume and dynamics of the average annual retail prices of chocolate confectionery in Mexico in 2016-2020, in USD per kilogram and in %
• Trade balance of the chocolate confectionery foreign trade in Mexico in 2016-2020, in thousands of tons and in %
• Trade balance of the chocolate confectionery foreign trade in Mexico in 2016-2020, in million USD and in %
• Volume and dynamics of the Mexican imports of chocolate confectionery in 2016-2020, in thousands of tons and in %
• Value and dynamics of the Mexican imports of chocolate confectionery in 2016-2020, in million USD and in %
• Segmentation of the Mexican imports of chocolate confectionery by exporting countries in 2016-2020, in million USD and in %
• Value and dynamics of the average import prices of the chocolate confectionery, imported to Mexico in 2016-2020, in USD per kilogram and in %
• Volume and dynamics of the Mexican exports of chocolate confectionery in 2016-2020, in thousands of tons and in %
• Value and dynamics of the Mexican exports of chocolate confectionery in 2016-2020, in million USD and in %
• Segmentation of the Mexican exports of chocolate confectionery by importing countries in 2016-2020, in million USD and in %
• Value and dynamics of the average export prices of the chocolate confectionery, exported from Mexico in 2016-2020, in USD per kilogram and in %
• Volume and dynamics of the average annual consumption of chocolate confectionery per capita in Mexico in 2016-2020, in kilograms per capita and in %
• Value and dynamics of the average annual consumption of chocolate confectionery per capita in Mexico in 2016-2020, in USD per capita and in %
• Volume, value (in RSP) and dynamics of the Mexican chocolate confectionery market in 2016-2020 and forecast for its development in 2021-2026 (within the framework of the base scenario), in thousands of tons, in million USD and in %
• Volume, value (in RSP) and dynamics of the Mexican chocolate confectionery market in 2016-2020 and forecast for its development in 2021-2026 (within the framework of the pessimistic scenario), in thousands of tons, in million USD and in %
• Volume, value (in RSP) and dynamics of the Mexican chocolate confectionery market in 2016-2020 and forecast for its development in 2021-2026 (within the framework of the optimistic scenario), in thousands of tons, in million USD and in %
List of Figures
• Volume and dynamics of the Mexican chocolate confectionery market in 2016-2020, in thousands of tons and in %
• Value (in RSP) and dynamics of the Mexican chocolate confectionery market in 2016-2020, in million USD and in %
• Importance of the HoReCa channel (on-trade vs. off-trade of chocolate confectionery) in 2016-2020 and forecast for 2021-2026
• Segmentation of chocolate confectionery retail distribution in Mexico by distribution channels
• Market shares of the main market players
• Value chain analysis, in %
• Structure of price formation, in %
• Deviation of the average annual retail prices of chocolate confectionery in Mexico in 2016-2020, in USD per kilogram
• Volume and dynamics of the imports of chocolate confectionery to Mexico in 2016-2020, in thousands of tons and in %
• Value and dynamics of the imports of chocolate confectionery to Mexico in 2016-2020, in million USD and in %
• Segmentation of the imports of chocolate confectionery to Mexico by exporting countries in value terms in 2020, in % to the total Mexican imports
• Average import prices of the chocolate confectionery, imported to Mexico in 2016-2020, in USD per kilogram
• Volume and dynamics of the Mexican exports of chocolate confectionery in 2016-2020, in thousands of tons and in %
• Value and dynamics of the Mexican exports of chocolate confectionery in 2016-2020, in million USD and in %
• Segmentation of the Mexican exports of chocolate confectionery by importing countries in value terms in 2020, in % to the total Mexican exports
• Average export prices of the chocolate confectionery, exported from Mexico in 2016-2020, in USD per kilogram
• Average annual consumption of chocolate confectionery per capita in Mexico in 2016-2020 in volume terms, in kilograms per capita
• Average annual consumption of chocolate confectionery per capita in Mexico in 2016-2020 in value terms, in USD per capita
• Volume and dynamics of the Mexican chocolate confectionery market in 2016-2020 and forecast for its development in 2021-2026 (within the framework of the base scenario), in thousands of tons and in %
• Volume and dynamics of the Mexican chocolate confectionery market in 2016-2020 and forecast for its development in 2021-2026 (within the framework of the pessimistic scenario), in thousands of tons and in %
• Volume and dynamics of the Mexican chocolate confectionery market in 2016-2020 and forecast for its development in 2021-2026 (within the framework of the optimistic scenario), in thousands of tons and in %

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