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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 Analysis by Region
Central Mexico is expected to hold a significant market share due to changing customer demands
In Central Mexico, the most popular cakes are traditional Mexican pastries like empanadas, conchas, and tres leches cake. A diversifying customer demand and a rise in cake shops and bakeries in prominent cities, like Mexico City are contributing to the Mexico cake market development.
Some notable cake companies in Northern Mexico include both international and local brands, such as “Pastelería Suspiros” in Monterrey, and “La Esperanza Panadería y Pastelería” in Ciudad Juárez. Their presence underscores the region's rich culinary tradition and the demand for high-quality baked goods that cater to various tastes and preferences. According to the Mexico cake market report, the Bajío region, encompassing states like Guanajuato, Querétaro, Aguascalientes, and portions of Jalisco and Michoacán, is renowned for its thriving food sector and the presence of a wide range of food-related enterprises. Further, the robustly growing tourism sector in various regions of the country, including the Bajío and the Pacific Coast stimulates the demand for cakes in Mexico.
Mexico Cake Market Report Snapshots
Mexico Cake Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 cake market in Mexico 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 reach USD 2.50 billion by 2032.
The major drivers of the Mexico cake market include the availability of different cakes, expansion of bakeries, and growth of artisanal bakers.
Key trends aiding market expansion include increasing promotional and marketing activities, availability of healthier cake options, 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 the 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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