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The trend of consumers favouring a wider range of desserts has led to a rise in the sales of cake products in restaurants, artisan bakeries, hypermarkets, and catering services in Mexico, influencing the Mexico cake market. Mexico's urbanisation and busy lifestyles have led to a surge in the popularity of convenience foods, such as frozen desserts and cakes. Local and international customers are increasing the demand for traditional cakes, such as the Tres Leaches Cake.
The cake market in Mexico is also embracing veganism and plant-based diets, offering gluten-free options, innovative flavours, sustainable packaging, local and artisanal ingredients, customisation, online presence, and collaborations.
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.*
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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124