The market is dominated by domestic suppliers, as imports account for 11.9% of total market size in 2022. Households drive market demand, with household spending representing 93.0% of total demand in 2022. Mexico has the second largest market size for chocolate and sugar confectionery regionally, with demand reaching USD5.4 billion in 2022. Hershey México SA de CV is the largest company in Mexico, generating 17.4% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 51.5% of total production value in 2022. The total number of companies increases in 2022, to 10,636 units. The costs of the industry increase by 11.5% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 29.2% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 29.9% of total production output. With production value of USD4.8 billion, Mexico accounts for 23.6% of the Latin America total in 2022.
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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.
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