Mexico Chocolate Market Overview, 2027

"Mexico has a rich tradition when it comes to chocolate sales and manufacturing known for its high-quality cocoa beans. Mexico has been a significant player in the global chocolate industry for centuries. Mexico's chocolate sales and manufacturing sector continue to thrive, offering a diverse array of delicious and culturally significant chocolate products. With a combination of traditional techniques, modern innovation, and a commitment to sustainability, Mexico remains a key player in the global chocolate industry. Dark chocolate is becoming increasingly popular in Mexico, both in terms of sales and consumption. Dark chocolate has seen a dramatic shift in consumer tastes over the last decade, owing to its supposed health advantages and distinct flavor profile. Mexican consumers have grown increasingly aware of the nutritional properties of chocolate, and dark chocolate, with a greater cocoa content and lower sugar level than milk chocolate, is frequently regarded as a healthier choice. Dark chocolate's antioxidant qualities and possible cardiovascular benefits have led to its rising image as a ""superfood"" among health-conscious people. The growing availability of dark chocolate goods in the Mexican market has also contributed significantly to its sales and consumption. Many local and international chocolate companies have launched a variety of dark chocolate options to appeal to a wide range of tastes and preferences. Consumers in Mexico enjoy a wealth of alternatives, ranging from single-origin bars to flavored dark chocolate variants. According to the research report ""Mexico Chocolate Market Overview, 2027,"" published by Bonafide Research, it is expected that the chocolate market will grow rapidly over the forecast period. The major driving force is an increase in demand for dark chocolate as consumers are inclined towards healthy eating habits. Milk chocolates will be less popular in the future than dark or white chocolates. The key chocolate players are actively pondering launching new products and expansion. Countries like Ghana, Nigeria, Mexico, Indonesia, etc. account for the world's largest cocoa supply. Customers have returned for more because of the unique products that include natural and organic ingredients. The production of cocoa beans is highly affected by increased weather uncertainties as it requires a hot and humid climate to grow, which acts as a market restraint. Box chocolates have been viewed as a growing trend in the chocolate market in the last couple of years. From bean to bar implies that the creator controls each progression of the creation procedure, from purchasing the cocoa beans to the formation of the chocolate bar. The 3D printing era has made sure that the chocolate market has taken on a completely new level and has impacted the chocolate industry.

Dark chocolate offers several potential health benefits and is a rich source of antioxidants, which help protect the body against free radicals and oxidative stress. These antioxidants have been linked to reducing inflammation, improving heart health, and boosting brain function. Consuming dark chocolate in moderation may also contribute to lower blood pressure, improved blood flow, and reduced risk of heart disease. Furthermore, dark chocolate contains minerals like iron, magnesium, and copper, which are essential for various bodily functions. To enjoy the benefits of dark chocolate, it is important to choose varieties with at least 70% cocoa content and limited added sugars. Good sources of dark chocolate include reputable brands offering high-quality dark chocolate bars, as well as artisanal chocolate makers specializing in premium and single-origin chocolates. The availability of a diverse range of dark chocolate products, including local and worldwide brands and artisanal and gourmet alternatives, has aided in the growth of dark chocolate consumption in Mexico. The growth of dark chocolate manufacturing and sales in Mexico can be attributed to factors such as high-quality cocoa production, the influence of artisanal traditions, health and wellness trends, increasing consumer awareness, market expansion, and cultural promotion. These driving forces have created a favorable environment for the success of Mexican dark chocolate, appealing to both domestic and international markets. The online segment is anticipated to be the fastest growing over the forecast period. Increased internet penetration in the country and high adoption of online purchasing has witnessed significant growth in the past few years. The major driving factors for online sales would be Generation X, millennials, and Generation Z's parents' access to the internet and e-commerce. The pandemic had considerably affected chocolate production. The restrictions imposed led to losses for farmers growing cocoa, as the production exceeded the demands. Due to the imposed lockdown, labor immobility, and raw material scarcity, the production units faced difficulties. However, due to health reasons, consumers switched to dark chocolate during the pandemic, as it was low in calories and benefited the heart. Considered in this report ? Geography: Mexico ? Base year: 2021 ? Estimated year: 2022 ? Forecast year: 2027

Make this report your own

Have queries/questions regarding a report?

Take advantage of intelligence tailored to your business objective

Ask an Expert

Manmayi Raval

Research Consultant

Aspects covered in this report ? The Mexico chocolate market, with its value and forecast, along with its segments ? Various drivers and challenges ? Ongoing trends and developments ? Top-profiled companies ? Strategic suggestion By type in the report ? Dark ? White ? Milk By application in the report ? Everyday ? Holiday/Gift Box ? Premium ? Gourmet

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now

By Sales Channel in the report ? Supermarket & Hypermarket ? Convenience Store ? Online ? Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Chocolate Industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry."