The market is dominated by domestic suppliers, as imports account for 1.0% of total market size in 2023. Households drive market demand, with household spending representing 86.9% of total demand in 2023. Mexico has the largest market size for bakery products regionally, with demand reaching USD56.9 billion in 2023. Grupo Bimbo SAB de CV is the largest company in Mexico, generating 12.8% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 19.9% of total production value in 2023. The total number of companies increases in 2023, to 285,251 units. The costs of the industry increase by 26.2% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 39.8% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 5.1% of total production output. With production value of USD52.2 billion, Mexico accounts for 60.4% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Bakery Products in Mexico: ISIC 1541. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bakery Products in Mexico: ISIC 1541 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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