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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.*
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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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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
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.
+63-287-899-028, +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
+84-865-399-124