Bakery Products & Tortilla Manufacturing in Mexico - Industry Market Research Report

Flour power: Industry revenue is expected to accelerate as consumer prices pick up

Bakery Products & Tortilla Manufacturing in Mexico
Demand for bread and tortilla products in Mexico has been strong during the period. However, Bakery Products and Tortilla Manufacturing industry revenue performance has been meager at best. Over the five years to 2019, industry revenue has increased. Overall, industry conditions have been beneficial, but revenue growth has been weak due to the dynamic of exchange rates and the Mexican wheat supply. In short, industry revenue has been pushed down by falling prices, which have been further compounded via the import of lower-cost foreign wheat, though increases in demand for industry products have enabled a greater quantity of industry products to be sold, thereby increasing industry revenue marginally. Over the five years to 2024, industry revenue is expected to accelerate.This industry comprises establishments that primarily manufacture bread and other bakery products, including biscuits, pastas for soup, corn tortillas, frozen bakery products, flour tortillas and pre-mixed flours. It also includes establishments that mill nixtamal. Establishments that produce corn flour, retail bread and bakery products and prepare nonalcoholic beverages in combination with the elaboration of bread and bakery products are not included in this industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.