The market is dominated by domestic suppliers, as imports account for 11.2% of total market size in 2023. Households drive market demand, with household spending representing 92.7% of total demand in 2023. Mexico has the second largest market size for chocolate and sugar confectionery regionally, with demand reaching USD6.8 billion in 2023. Hershey México SA de CV is the largest company in Mexico, generating 16.9% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 50.2% of total production value in 2023. The total number of companies increases in 2023, to 11,036 units. The costs of the industry increase by 20.5% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 28.7% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 26.8% of total production output. With production value of USD5.9 billion, Mexico accounts for 25.0% of the Latin America total in 2023.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF.
This Euromonitor industrial report provides unique information on Chocolate and Sugar Confectionery in Mexico: ISIC 1543. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Chocolate and Sugar Confectionery in Mexico: ISIC 1543 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
See all of our definitionsIf you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!