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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Mexico Bread Market Size
The Mexico bread market reached around USD 10.85 billion in 2023. The market is projected to grow at a CAGR of 5.4% between 2024 and 2032 to attain a value of nearly USD 17.59 billion by 2032.
Key Takeaways
- The growing interest in healthy and organic foods driven by the rising awareness of health is catering to the increase in demand for artisanal bread in Mexico.
- Grupo Bimbo SAB de CV, Grupo Mi Pan, and Rustic Pan SA de CV are a few of the major companies in the market.
- Tortillas play a major role in the Mexican diet and are considered the most popular and staple food among the economically weaker section of the population.
Bread refers to a baked food product made from moistened, kneaded, and fermented dough. It is available in different forms, including flat bread, leavened, loaves, buns, and rolls, among others. Bread is a staple food and an integral part of various cultures. It is also a good source of vitamin B and complex carbohydrates.
Mexico is experiencing a growth in wheat production, attributed to the implementation of the national plan in 2019, offering a subsidy of USD 302 per tonne up to 15 tons for wheat commodities. Through the price guarantee programme, small and medium-sized farmers receive semi-annual financial support for the production of wheat. There are over 2,200-2,500 types of bread in Mexico, with production largely concentrated in the State of Mexico, Michoacán, Veracruz, Puebla, Oaxaca, Mexico City, and Sonora.
Some of the major factors driving the Mexico bread market growth include the eating out culture and demand for healthy bread. The increasing demand for healthier, more functional breads is leading to the greater adoption of artisanal breads across Mexico. The eating-out trend and rapidly changing consumer lifestyle and expanding the demand for bread as it is primarily used for convenience meals such as wraps and sandwiches.
Mexico Bread Market Report Snapshots
Mexico Bread 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.*
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Key Questions Answered in the Report
In 2023, the market value was around USD 10.85 billion.
The market is projected to grow at a CAGR of 5.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach nearly USD 17.59 billion by 2032.
The market drivers include government investments in bread production and the significance of bread in Mexican diet.
The key trends include growing interest in healthy and organic foods and an increase in the demand for artisanal bread in Mexico.
The different types of breads include leavened bread and flat bread.
The major distribution channels for bread include supermarkets and hypermarkets, convenience stores/variety stores, specialist retailers, and online.
The major players in the market include Grupo Bimbo SAB de CV, Grupo Mi Pan, Rustic Pan SA de CV, Campbell Soup Company, Pan Rol SA DE CV, and GRUMA, S.A.B. de C.V.
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