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Snacks in Mexico

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    Report

  • 79 Pages
  • June 2024
  • Region: Mexico
  • Euromonitor International
  • ID: 5567279
In 2024, still relatively high inflation is playing a key role in snacks in Mexico. As input costs rise and crops are adversely affected by climate change, for example in the case of cocoa, companies are developing strategies to maintain their volume sales. Some of the key strategies being employed by snacks players are pack size optimisation and launches centred around new flavours and healthier alternatives.

The Snacks in Mexico report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2019-2023, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market directly informs our forecasts to 2028, clearly indicating how the market is expected to change.

Product coverage: Confectionery, Ice Cream, Savoury Snacks, Sweet Biscuits, Snack Bars and Fruit Snacks.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Snacks market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

EXECUTIVE SUMMARY
  • Snacks in 2024: The big picture
  • Key trends in 2024
  • Competitive landscape
  • Channel developments
  • What next for snacks?
MARKET DATA
  • Table 1 Sales of Snacks by Category: Volume 2019-2024
  • Table 2 Sales of Snacks by Category: Value 2019-2024
  • Table 3 Sales of Snacks by Category: % Volume Growth 2019-2024
  • Table 4 Sales of Snacks by Category: % Value Growth 2019-2024
  • Table 5 NBO Company Shares of Snacks: % Value 2020-2024
  • Table 6 LBN Brand Shares of Snacks: % Value 2021-2024
  • Table 7 Penetration of Private Label by Category: % Value 2019-2024
  • Table 8 Distribution of Snacks by Format: % Value 2019-2024
  • Table 9 Forecast Sales of Snacks by Category: Volume 2024-2029
  • Table 10 Forecast Sales of Snacks by Category: Value 2024-2029
  • Table 11 Forecast Sales of Snacks by Category: % Volume Growth 2024-2029
  • Table 12 Forecast Sales of Snacks by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
CHOCOLATE CONFECTIONERY IN MEXICOKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Rising costs push manufacturers to reduce pack sizes
  • Category is still positioned for high indulgence
  • Players diversify brand reach while retailers improve their offer to compete with premium brands
PROSPECTS AND OPPORTUNITIES
  • Premium brands to explore new channels in search of volume sales
  • Brand owners to exploit the potential of seasonality and gifting
  • More choice of health and wellness-orientated options
CATEGORY DATA
  • Summary 2 Other Chocolate Confectionery by Product Type: 2024
  • Table 13 Sales of Chocolate Confectionery by Category: Volume 2019-2024
  • Table 14 Sales of Chocolate Confectionery by Category: Value 2019-2024
  • Table 15 Sales of Chocolate Confectionery by Category: % Volume Growth 2019-2024
  • Table 16 Sales of Chocolate Confectionery by Category: % Value Growth 2019-2024
  • Table 17 Sales of Chocolate Tablets by Type: % Value 2019-2024
  • Table 18 NBO Company Shares of Chocolate Confectionery: % Value 2020-2024
  • Table 19 LBN Brand Shares of Chocolate Confectionery: % Value 2021-2024
  • Table 20 Distribution of Chocolate Confectionery by Format: % Value 2019-2024
  • Table 21 Forecast Sales of Chocolate Confectionery by Category: Volume 2024-2029
  • Table 22 Forecast Sales of Chocolate Confectionery by Category: Value 2024-2029
  • Table 23 Forecast Sales of Chocolate Confectionery by Category: % Volume Growth 2024-2029
  • Table 24 Forecast Sales of Chocolate Confectionery by Category: % Value Growth 2024-2029
GUM IN MEXICOKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Weak innovation and presence of substitutes undermine gum
  • Chewing gum loses appeal amid changing consumer habits
  • Aiming to recover a young audience
PROSPECTS AND OPPORTUNITIES
  • Innovation towards functional benefits
  • Sustainable and health factors to shape gum offer
  • Cobranding as a strategy to attract new customers
CATEGORY DATA
  • Table 25 Sales of Gum by Category: Volume 2019-2024
  • Table 26 Sales of Gum by Category: Value 2019-2024
  • Table 27 Sales of Gum by Category: % Volume Growth 2019-2024
  • Table 28 Sales of Gum by Category: % Value Growth 2019-2024
  • Table 29 Sales of Gum by Flavour: Rankings 2019-2024
  • Table 30 NBO Company Shares of Gum: % Value 2020-2024
  • Table 31 LBN Brand Shares of Gum: % Value 2021-2024
  • Table 32 Distribution of Gum by Format: % Value 2019-2024
  • Table 33 Forecast Sales of Gum by Category: Volume 2024-2029
  • Table 34 Forecast Sales of Gum by Category: Value 2024-2029
  • Table 35 Forecast Sales of Gum by Category: % Volume Growth 2024-2029
  • Table 36 Forecast Sales of Gum by Category: % Value Growth 2024-2029
SUGAR CONFECTIONERY IN MEXICOKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Manufacturers reformulate as consumers pay more attention to their sugar intake
  • Spicy flavours on the rise
  • Traditional grocery channel remains key for sugar confectionery
PROSPECTS AND OPPORTUNITIES
  • Technology improvements to boost productivity and creativity to catch the consumer’s eye
  • Private label retailers to strengthen their product offer
  • Alternatives to disrupt sugar confectionery
CATEGORY DATA
  • Summary 3 Other Sugar Confectionery by Product Type: 2024
  • Table 37 Sales of Sugar Confectionery by Category: Volume 2019-2024
  • Table 38 Sales of Sugar Confectionery by Category: Value 2019-2024
  • Table 39 Sales of Sugar Confectionery by Category: % Volume Growth 2019-2024
  • Table 40 Sales of Sugar Confectionery by Category: % Value Growth 2019-2024
  • Table 41 Sales of Pastilles, Gummies, Jellies and Chews by Type: % Value 2019-2024
  • Table 42 NBO Company Shares of Sugar Confectionery: % Value 2020-2024
  • Table 43 LBN Brand Shares of Sugar Confectionery: % Value 2021-2024
  • Table 44 Distribution of Sugar Confectionery by Format: % Value 2019-2024
  • Table 45 Forecast Sales of Sugar Confectionery by Category: Volume 2024-2029
  • Table 46 Forecast Sales of Sugar Confectionery by Category: Value 2024-2029
  • Table 47 Forecast Sales of Sugar Confectionery by Category: % Volume Growth 2024-2029
  • Table 48 Forecast Sales of Sugar Confectionery by Category: % Value Growth 2024-2029
SWEET BISCUITS, SNACK BARS AND FRUIT SNACKS IN MEXICOKEY DATA FINDINGS
2024 DEVELOPMENTS
  • New Mexican consumer promises added-value demand
  • Private label continues to emerge in sweet biscuits
  • Convenience pushes sweet biscuits while cereal bars gain traction amid the healthy lifestyle trend
PROSPECTS AND OPPORTUNITIES
  • Local start-ups add dynamism to wafers
  • Expanding the retail reach of protein/energy bars and offer of healthier snacks for children
  • Healthy lifestyle trend to push fruit snacks
CATEGORY DATA
  • Table 49 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Volume 2019-2024
  • Table 50 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Value 2019-2024
  • Table 51 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Volume Growth 2019-2024
  • Table 52 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Value Growth 2019-2024
  • Table 53 NBO Company Shares of Sweet Biscuits, Snack Bars and Fruit Snacks: % Value 2020-2024
  • Table 54 LBN Brand Shares of Sweet Biscuits, Snack Bars and Fruit Snacks: % Value 2021-2024
  • Table 55 NBO Company Shares of Sweet Biscuits: % Value 2020-2024
  • Table 56 LBN Brand Shares of Sweet Biscuits: % Value 2021-2024
  • Table 57 NBO Company Shares of Snack Bars: % Value 2020-2024
  • Table 58 LBN Brand Shares of Snack Bars: % Value 2021-2024
  • Table 59 NBO Company Shares of Fruit Snacks: % Value 2020-2024
  • Table 60 LBN Brand Shares of Fruit Snacks: % Value 2021-2024
  • Table 61 Distribution of Sweet Biscuits, Snack Bars and Fruit Snacks by Format: % Value 2019-2024
  • Table 62 Distribution of Sweet Biscuits by Format: % Value 2019-2024
  • Table 63 Distribution of Snack Bars by Format: % Value 2019-2024
  • Table 64 Distribution of Fruit Snacks by Format: % Value 2019-2024
  • Table 65 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Volume 2024-2029
  • Table 66 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Value 2024-2029
  • Table 67 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Volume Growth 2024-2029
  • Table 68 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Value Growth 2024-2029
ICE CREAM IN MEXICOKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Ice cream: A profitable business
  • Segmentation emerges as way to connect with and satisfy consumers
  • Investments in retail space, novelties and indulgence continue to stimulate the category
PROSPECTS AND OPPORTUNITIES
  • Higher-end foodservice influence on ice cream but limitations on growth persist amid economic pressures
  • Manufacturers and retailers remain keen to invest in ice cream
  • Start-ups and confectionery players expanding into ice cream offer dynamism
CATEGORY DATA
  • Table 69 Sales of Ice Cream by Category: Volume 2019-2024
  • Table 70 Sales of Ice Cream by Category: Value 2019-2024
  • Table 71 Sales of Ice Cream by Category: % Volume Growth 2019-2024
  • Table 72 Sales of Ice Cream by Category: % Value Growth 2019-2024
  • Table 73 Sales of Ice Cream by Leading Flavours: Rankings 2019-2024
  • Table 74 Sales of Impulse Ice Cream by Format: % Value 2019-2024
  • Table 75 NBO Company Shares of Ice Cream: % Value 2020-2024
  • Table 76 LBN Brand Shares of Ice Cream: % Value 2021-2024
  • Table 77 NBO Company Shares of Impulse Ice Cream: % Value 2020-2024
  • Table 78 LBN Brand Shares of Impulse Ice Cream: % Value 2021-2024
  • Table 79 NBO Company Shares of Take-home Ice Cream: % Value 2020-2024
  • Table 80 LBN Brand Shares of Take-home Ice Cream: % Value 2021-2024
  • Table 81 Distribution of Ice Cream by Format: % Value 2019-2024
  • Table 82 Forecast Sales of Ice Cream by Category: Volume 2024-2029
  • Table 83 Forecast Sales of Ice Cream by Category: Value 2024-2029
  • Table 84 Forecast Sales of Ice Cream by Category: % Volume Growth 2024-2029
  • Table 85 Forecast Sales of Ice Cream by Category: % Value Growth 2024-2029
SAVOURY SNACKS IN MEXICOKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Inflation exerts pressure on household purchasing power but consumption occasions increase
  • Innovation is directed towards new ingredients, spicy flavours and mixes
  • Private label is gaining momentum in savoury snacks
PROSPECTS AND OPPORTUNITIES
  • Savoury snacks to maintain strong new product development
  • Manufacturers need to heed new health regulations to keep pace with an increasingly health-conscious consumer base
  • Aggressive expansion of convenience stores while e-commerce retains momentum
CATEGORY DATA
  • Summary 4 Other Savoury Snacks by Product Type: 2024
  • Table 86 Sales of Savoury Snacks by Category: Volume 2019-2024
  • Table 87 Sales of Savoury Snacks by Category: Value 2019-2024
  • Table 88 Sales of Savoury Snacks by Category: % Volume Growth 2019-2024
  • Table 89 Sales of Savoury Snacks by Category: % Value Growth 2019-2024
  • Table 90 NBO Company Shares of Savoury Snacks: % Value 2020-2024
  • Table 91 LBN Brand Shares of Savoury Snacks: % Value 2021-2024
  • Table 92 Distribution of Savoury Snacks by Format: % Value 2019-2024
  • Table 93 Forecast Sales of Savoury Snacks by Category: Volume 2024-2029
  • Table 94 Forecast Sales of Savoury Snacks by Category: Value 2024-2029
  • Table 95 Forecast Sales of Savoury Snacks by Category: % Volume Growth 2024-2029
  • Table 96 Forecast Sales of Savoury Snacks by Category: % Value Growth 2024-2029