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Mexico Cake Market

Mexico Cake Market Size, Share, Trends, Analysis, Forecast: By Product Type: Sponge Cakes, Cup Cakes, Dessert Cakes, Cheesecakes, Others; By Flavour: Chocolate, Vanilla, Cheese, Others; By Distribution Channel: Hypermarkets and Supermarkets, Bakeries, Online Sales, Others; Regional Analysis; Competitive Landscape; 2024-2032

Mexico Cake Market Outlook

The Mexico cake market size reached approximately USD 1.56 billion in 2023. The market is further projected to grow at a CAGR of 5.2% between 2024 and 2032, reaching a value of USD 2.50 billion by 2032.

 

Key Trends in the Market

Cakes refer to baked products prepared using sugar, flour, eggs, and baking powder, among others. They are available in a variety of flavours including chocolate, vanilla, and fruit and are consumed as snacks and desserts and served at special events such as weddings and birthdays.

 

  • The increase in spending on luxury and indulgent desserts due to rising disposable incomes is aiding the Mexico cake market growth. The availability of cakes with intricate designs and novel flavour combinations aids in elevating the eating experience and are also preferred in celebratory events including parties and get togethers.
  • Increased availability of vegan cakes across different distribution channels in Mexico is aiding the market expansion owing to their rising consumption due to growing environmental concerns and cases of lactose intolerance and celiac disease. Vegan cakes allow individuals trying to make sustainable life choices and eat healthier in satisfying their dessert cravings.
  • The rising investments by the key players of the market towards promotional and marketing activities is providing lucrative growth opportunities to the market. Various bakeries among other distribution channels are also increasingly promoting their products across different social media platforms in order to broaden their customer base.

 

Mexico Cake Market Analysis

On the basis of product type, the market is divided into sponge cakes, cup cakes, dessert cakes, and cheesecakes, among others. Based on flavour, the market is segregated into chocolate, vanilla, and cheese, among others.

 

On the basis of distribution channel, the market is classified into hypermarkets and supermarkets, bakeries, and online sales, among others. Based on region, the Mexico cake market segmentation includes Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Grupo Bimbo, S.A.B. de C.V
  • Productos Rich SA de CV
  • DULCIPAN SA de CV
  • Pastelería OK
  • El Paso’s Bakery
  • Others

 

Market Share by Product Type

Sponge cakes are anticipated to account for a significant Mexico cake market share owing to their low-fat content and richer and flavourful nature as opposed to their counterparts. These cakes can be baked into a variety of different shapes making them suitable for utilisation in creation of different types of desserts. The spongy nature of the cake lends itself well to rolling, making them suitable for producing rolled cake desserts.

 

Market Share by Flavour

Chocolate flavoured cakes account for a significant portion of the market owing to the ability of chocolate to release endorphins. Chocolates also contains natural chemicals that aid in providing protection against various cardiovascular diseases and stroke. The availability of different varieties including lava cake, chocolate bundt cake, decadent chocolate cake, chocolate cheesecake and chocolate mousse cake with different levels of sweetness allows individuals to select the type most suitable to their flavour palate. The popularity of the flavour among children is further increasing the consumption of chocolate cake and boosting the Mexico cake market demand.

 

Competitive Landscape

Grupo Bimbo, S.A.B. de C.V is a multinational food company specialising in production and distribution of cupcakes, cookies, breads, cakes, English muffins, salty snacks, tortillas and flatbreads, and bagels, among others. The company was founded in 1945 and is headquartered in Mexico City, Mexico.

 

DULCIPAN SA de CV is dedicated towards marketing and manufacturing various baked goods including white breads, cakes, cupcakes, walnut balls, and vanilla shortbread, among others. Headquartered in Mexico, the company is dedicated towards providing high quality food products to their customers.

 

Pastelería OK, headquartered in Jalisco, Mexico, is known for providing a wide range of baked goods including cookies and biscotti, Italian ice creams, drinks, and cakes including forest fruit cake, cappuccino cake, and cheesecakes, among others.

 

Other Mexico cake market key players include Productos Rich SA de CV and El Paso’s Bakery, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Flavour
  • Distribution Channel
  • Region
Breakup by Product Type
  • Sponge Cakes
  • Cup Cakes
  • Dessert Cakes
  • Cheesecakes
  • Others
Breakup by Flavour
  • Chocolate
  • Vanilla
  • Cheese
  • Others
Breakup by Distribution Channel
  • Hypermarkets and Supermarkets
  • Bakeries
  • Online Sales
  • Others
Breakup by Region
  • Baja California
  • Northern Mexico
  • The Bajío
  • Central Mexico
  • Pacific Coast
  • Yucatan Peninsula
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Grupo Bimbo, S.A.B. de C.V
  • Productos Rich SA de CV
  • DULCIPAN SA de CV
  • Pastelería OK
  • El Paso’s Bakery
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Mexico Cake Market Overview

    8.1    Key Industry Highlights
    8.2    Mexico Cake Historical Market (2018-2023) 
    8.3    Mexico Cake Market Forecast (2024-2032)
9    Mexico Cake Market by Product Type
    9.1    Sponge Cakes
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Cup Cakes
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
    9.3    Dessert Cakes
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
    9.4    Cheesecakes
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
    9.5    Others
10    Mexico Cake Market by Flavour
    10.1    Chocolate
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Vanilla
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    Cheese
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Others
11    Mexico Cake Market by Distribution Channel
    11.1    Hypermarkets and Supermarkets
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Bakeries
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    Online Sales
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    Others
12    Mexico Cake Market by Region
    12.1    Baja California
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Northern Mexico
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    The Bajío
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Central Mexico
        12.4.1    Historical Trend (2018-2023) 
        12.4.2    Forecast Trend (2024-2032)
    12.5    Pacific Coast
        12.5.1    Historical Trend (2018-2023) 
        12.5.2    Forecast Trend (2024-2032)
    12.6    Yucatan Peninsula
        12.6.1    Historical Trend (2018-2023) 
        12.6.2    Forecast Trend (2024-2032)
13    Market Dynamics
    13.1    SWOT Analysis
        13.1.1    Strengths
        13.1.2    Weaknesses
        13.1.3    Opportunities
        13.1.4    Threats
    13.2    Porter’s Five Forces Analysis
        13.2.1    Supplier’s Power
        13.2.2    Buyer’s Power
        13.2.3    Threat of New Entrants
        13.2.4    Degree of Rivalry
        13.2.5    Threat of Substitutes
    13.3    Key Indicators for Deman
    13.4    Key Indicators for Price
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profile
        14.2.1    Grupo Bimbo, S.A.B. de C.V
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Productos Rich SA de CV
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    DULCIPAN SA de CV
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Pastelería OK
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    El Paso’s Bakery
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others

15    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Mexico Cake Market: Key Industry Highlights, 2018 and 2032
2.    Mexico Cake Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3.    Mexico Cake Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4.    Mexico Cake Historical Market: Breakup by Flavour (USD Billion), 2018-2023
5.    Mexico Cake Market Forecast: Breakup by Flavour (USD Billion), 2024-2032
6.    Mexico Cake Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7.    Mexico Cake Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8.    Mexico Cake Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Mexico Cake Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    Mexico Cake Market Structure

Key Questions Answered in the Report

The market reached a value of approximately USD 1.56 billion in 2023.

The market is projected to grow at a CAGR of 5.2% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reachUSD 2.50 billion by 2032.

The major market drivers include increase in spending on luxury and indulgent desserts due to rising disposable incomes and growing availability of the product with intricate designs and novel flavour combinations.

The key trends fuelling the growth of the market include increasing promotional and marketing activities and rising availability of vegan cakes across different distribution channels.

The major regions in the market are Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.

The significant distribution channels include hypermarkets and supermarkets, bakeries, and online sales, among others.

The key players in the market are Grupo Bimbo, S.A.B. de C.V, Productos Rich SA de CV, DULCIPAN SA de CV, Pastelería OK, and El Paso’s Bakery, among others.

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