Mexico Chocolate Market Overview, 2029

Mexico Chocolate Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition, Forecast & Opportunities.

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, 2029,” 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. Chocolate has deep historical roots in Mexico, dating back to the ancient civilizations of the Mayans and Aztecs, who consumed chocolate as a beverage and used cacao beans as currency. Traditional Mexican chocolate, often made with a combination of cacao, sugar, cinnamon, and other spices, plays a crucial role in cultural and religious ceremonies, as well as in everyday life. 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.

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Dark chocolate has several potential health benefits and is a rich source of antioxidants that 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: 2023 Estimated year: 2024 Forecast year: 2029

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Manmayi Raval

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

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Manmayi Raval

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.

Table of Contents

  • 1. Executive Summary
  • 2. Market Structure
  • 2.1. Market Considerate
  • 2.2. Assumptions
  • 2.3. Limitations
  • 2.4. Abbreviations
  • 2.5. Sources
  • 2.6. Definitions
  • 2.7. Geography
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. Mexico Macro Economic Indicators
  • 5. Market Dynamics
  • 5.1. Market Drivers & Opportunities
  • 5.2. Market Restraints & Challenges
  • 5.3. Market Trends
  • 5.3.1. XXXX
  • 5.3.2. XXXX
  • 5.3.3. XXXX
  • 5.3.4. XXXX
  • 5.3.5. XXXX
  • 5.4. Covid-19 Effect
  • 5.5. Supply chain Analysis
  • 5.6. Policy & Regulatory Framework
  • 5.7. Industry Experts Views
  • 6. Mexico Chocolate Confectionery Market Overview
  • 6.1. Market Size By Value
  • 6.2. Market Size and Forecast, By Type
  • 6.3. Market Size and Forecast, By Application
  • 6.4. Market Size and Forecast, By Distribution Channel
  • 7. Mexico Chocolate Confectionery Market Segmentations
  • 7.1. Mexico Chocolate Confectionery Market, By Type
  • 7.1.1. Mexico Chocolate Confectionery Market Size, By Dark Chocolate, 2018-2029
  • 7.1.2. Mexico Chocolate Confectionery Market Size, By White Chocolate, 2018-2029
  • 7.1.3. Mexico Chocolate Confectionery Market Size, By Milk Chocolate, 2018-2029
  • 7.2. Mexico Chocolate Confectionery Market, By Application
  • 7.2.1. Mexico Chocolate Confectionery Market Size, By Everyday, 2018-2029
  • 7.2.2. Mexico Chocolate Confectionery Market Size, By Seasonal/ Gift Box, 2018-2029
  • 7.2.3. Mexico Chocolate Confectionery Market Size, By Premium, 2018-2029
  • 7.2.4. Mexico Chocolate Confectionery Market Size, By Gourment, 2018-2029
  • 7.3. Mexico Chocolate Confectionery Market, By Distribution Channel
  • 7.3.1. Mexico Chocolate Confectionery Market Size, By Supermarket & Hypermarket, 2018-2029
  • 7.3.2. Mexico Chocolate Confectionery Market Size, By Convenience Store, 2018-2029
  • 7.3.3. Mexico Chocolate Confectionery Market Size, By Online, 2018-2029
  • 7.3.4. Mexico Chocolate Confectionery Market Size, By Others, 2018-2029
  • 8. Mexico Chocolate Confectionery Market Opportunity Assessment
  • 8.1. By Type, 2024 to 2029
  • 8.2. By Application, 2024 to 2029
  • 8.3. By Distribution Channel, 2024 to 2029
  • 9. Competitive Landscape
  • 9.1. Porter's Five Forces
  • 9.2. Company Profile
  • 9.2.1. Company 1
  • 9.2.1.1. Company Snapshot
  • 9.2.1.2. Company Overview
  • 9.2.1.3. Financial Highlights
  • 9.2.1.4. Geographic Insights
  • 9.2.1.5. Business Segment & Performance
  • 9.2.1.6. Product Portfolio
  • 9.2.1.7. Key Executives
  • 9.2.1.8. Strategic Moves & Developments
  • 9.2.2. Company 2
  • 9.2.3. Company 3
  • 9.2.4. Company 4
  • 9.2.5. Company 5
  • 9.2.6. Company 6
  • 9.2.7. Company 7
  • 9.2.8. Company 8
  • 10. Strategic Recommendations
  • 11. Disclaimer

Table 1: Influencing Factors for Chocolate Confectionery Market, 2023
Table 2: Mexico Chocolate Confectionery Market Size and Forecast, By Type (2018 to 2029F) (In USD EEE)
Table 3: Mexico Chocolate Confectionery Market Size and Forecast, By Application (2018 to 2029F) (In USD EEE)
Table 4: Mexico Chocolate Confectionery Market Size and Forecast, By Distribution Channel (2018 to 2029F) (In USD EEE)
Table 5: Mexico Chocolate Confectionery Market Size of Dark Chocolate (2018 to 2029) in USD EEE
Table 6: Mexico Chocolate Confectionery Market Size of White Chocolate (2018 to 2029) in USD EEE
Table 7: Mexico Chocolate Confectionery Market Size of Milk Chocolate (2018 to 2029) in USD EEE
Table 8: Mexico Chocolate Confectionery Market Size of Everyday (2018 to 2029) in USD EEE
Table 9: Mexico Chocolate Confectionery Market Size of Seasonal/ Gift Box (2018 to 2029) in USD EEE
Table 10: Mexico Chocolate Confectionery Market Size of Premium (2018 to 2029) in USD EEE
Table 11: Mexico Chocolate Confectionery Market Size of Gourment (2018 to 2029) in USD EEE
Table 12: Mexico Chocolate Confectionery Market Size of Supermarket & Hypermarket (2018 to 2029) in USD EEE
Table 13: Mexico Chocolate Confectionery Market Size of Convenience Store (2018 to 2029) in USD EEE
Table 14: Mexico Chocolate Confectionery Market Size of Online (2018 to 2029) in USD EEE
Table 15: Mexico Chocolate Confectionery Market Size of Others (2018 to 2029) in USD EEE

Figure 1: Mexico Chocolate Confectionery Market Size By Value (2018, 2023 & 2029F) (in USD EEE)
Figure 2: Market Attractiveness Index, By Type
Figure 3: Market Attractiveness Index, By Application
Figure 4: Market Attractiveness Index, By Distribution Channel
Figure 5: Porter's Five Forces of Mexico Chocolate Confectionery Market
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Mexico Chocolate Market Overview, 2029

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