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Report Overview
The Mexico chocolate market size was valued at USD 1.59 Billion in 2024. The market is further projected to grow at a CAGR of 5.80% between 2025 and 2034, reaching a value of USD 2.79 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
-
As per industry reports, the gifting culture, especially during festive seasons like Easter, Valentine's Day, and Christmas, has significantly influenced the sales of seasonal chocolates in Mexico.
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The chocolate export levels in Mexico has seen significant growth, with cocoa exports increasing from 5708 dollars in 2015 to 73,631 dollars in 2021, representing an increase of over 100%.
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Mexico exports significant amounts of chocolate to the United States, Canada, Japan, Germany, France, and Italy, with the USA being the largest market for Mexican chocolate.
Compound Annual Growth Rate
Value in USD Billion
5.8%
2025-2034
Mexico Chocolate Market Outlook
*this image is indicative*
The growing trend of offering chocolates as gifts is contributing to the Mexico chocolate market growth. With the increase in disposable income and growing foreign investment in Mexico, premium chocolate brands like Godiva and Lindt are expanding their presence in the Mexican market.
These brands are introducing a variety of premium chocolate products to cater to the evolving tastes and preferences of Mexican consumers.
Dark chocolate is becoming increasingly popular in Mexico, in terms of sales, consumption, and Mexico chocolate market share. The shift in consumer tastes towards dark chocolate is due to its supposed health advantages and distinct flavour profile. Dark chocolate is rich in antioxidants, which help protect the body against free radicals and oxidative stress. These antioxidants have been linked to reducing inflammation, improving heart health, and boosting brain function.
Dark chocolate brands like Hershey's Special Dark and Ghirardelli are gaining popularity in Mexico as these brands are promoting the antioxidant-rich properties of dark chocolate to provide a guilt-free indulgence for health-conscious consumers in Mexico.
The increasing demand for premium chocolates is driving the growth of the chocolate market in the country. Mexican chocolatiers like Que Bo! and Ki'Xocolatl are gaining recognition for their premium and artisanal chocolate offerings. These local brands are focusing on high-quality ingredients, unique flavour combinations, and sustainable production practices to meet the increasing demand for premium chocolates in Mexico.
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Market Segmentation
"Mexico Chocolate Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
- Dark Chocolate
- Milk Chocolate
- White Chocolate
- Others
Market Breakup by Product Type:
- Pure Chocolate
- Compound Chocolate
Market Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Market Breakup by Region:
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
Competitive Landscape
Market players are focused on expanding their product portfolio by introducing novel chocolates with less sugar content, premium cocoa, and unique flavours.
- Mars, Incorporated
- Mondelez International, Inc.
- Ferrero International S.A.
- Nestlé S.A.
- The Hershey Company
- Grupo Arcor
- August Storck KG
- Chocolatera Ibarra S.A.P.I. de C.V.
- Grupo NUTRESA
- Others
*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 2024, the market reached an approximate value of USD 1.59 Billion.
The market is expected to grow at a CAGR of 5.80% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 2.79 Billion by 2034.
The market is being driven by the growing demand for sugar-and gluten-free, organic, and vegan chocolates in a variety of baked goods, confections, and western desserts, among other products.
Key trends aiding the market expansion include growing popularity of chocolate as a token of appreciation, increasing sales of nut-infused chocolates, and a shift in consumer preferences away from traditional sweet indulgences.
Regions considered in the market are Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
Based on distribution channel, the market segmentations include supermarkets and hypermarkets, convenience stores, and online stores, among others.
Dark chocolate, milk chocolate, white chocolate, and others are considered in the report.
Key players in the market are Mars, Incorporated, Mondelez International, Inc., Ferrero International S.A., Nestlé S.A., The Hershey Company, Grupo Arcor, August Storck KG, Chocolatera Ibarra S.A.P.I. de C.V., and Grupo NUTRESA, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Product Type |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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