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The Mexico wheat flour market is projected to grow at a CAGR of 4.0% between 2024 and 2032.
Mexico is termed the 11th largest agricultural and livestock-producing country on a global scale. The strong consumer demand, rising middle class, large land mass, and wide climatic conditions make Mexico suitable for large-scale agricultural production. In 2020/2021, Mexico produced 2900 tons of wheat. The presence of favourable government initiatives is supporting higher wheat production in Mexico. Wheat farmers in Mexico are receiving USD 44 million to encourage wheat production and operations, further supporting the wheat flour market in Mexico.
About 88% of the retail sales in Mexico is through physical stores. Mexico has the presence of a strong retail sector comprising supermarkets and hypermarket chains, grocery stores, and online channels. The expansion of the retail stores in Mexico is increasing the availability of wheat flour, further supporting the market growth. While all-purpose flour is widely used in various preparations and recipes in the region, the demand for whole wheat flour is witnessing a significant growth due to its improved nutritional benefits compared to other varieties. It acts as a good source of fibre, protein, and various vitamins and minerals. Health-conscious customers seeking to consume a well-balanced nutritious diet prefer food products that utilise whole wheat flour.
In southeastern Mexico and the Bajío region, millers and bakers frequently use wheat for making national bread because of regional preferences and favourable logistics. About 45% of the wheat production in Mexico is carried out majorly in far northwest regions including Baja California, Sonora, Sinaloa, Chihuahua, and Nuevo Leon. The major variety grown in these regions is heirloom durum which finds use in a wide range of applications including tortillas, bakery products, etc.
Mexico Wheat Flour Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Wheat Type
Market Breakup by Distribution Channel
Market Breakup by End Use
Market Breakup by Region
Based on end use, the market is divided into bakery and confectionery, noodle and pasta, and feed industry, among others. The bakery and confectionery sector is witnessing a rapid growth and is a key market for wheat flour. This can be attributed to increasing disposable incomes, growing demand for convenient and relatively healthier options like freshly baked goods, and the growing popularity of dining out.
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and product launches.
The market participants are expanding their production capacities, engaging in collaborations, and launching regenerative agriculture initiatives, increasing their market revenue.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Wheat Type |
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Breakup by Distribution Channel |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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 Latin America Wheat Flour Market Overview
8.1 Latin America Wheat Flour Historical Market (2018-2023)
8.2 Latin America Wheat Flour Market Forecast (2024-2032)
8.3 Latin America Wheat Flour Market by Country
8.3.1 Mexico
8.3.2 Brazil
8.3.3 Argentina
8.3.4 Others
9 Mexico Wheat Flour Market Overview
9.1 Mexico Wheat Flour Historical Market (2018-2023), by Value and Volume
9.2 Mexico Wheat Flour Market Forecast (2024-2032), by Value and Volume
10 Mexico Wheat Flour Market by Type
10.1 All-Purpose Flour
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Semolina Flour
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Whole Wheat Flour
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 High Gluten Flour
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Mexico Wheat Flour Market by Wheat Type
11.1 Hard
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Semi-hard
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Soft
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Mexico Wheat Flour Market by Distribution Channel
12.1 B2B
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 B2C
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Mexico Wheat Flour Market by End Use
13.1 Bakery and Confectionery
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Noodle and Pasta
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Feed Industry
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Mexico Wheat Flour Market by Region
14.1 Central Mexico
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Northern Mexico
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Pacific Coast
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 The Bajío
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Yucatan Peninsula
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Baja California
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyers Powers
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Value Chain Analysis
17 Trade Data Analysis (HS Code - 1101)
17.1 Major Importing Countries
17.1.1 By Volume
17.1.2 By Value
17.2 Major Exporting Countries
17.2.1 By Volume
17.2.2 By Value
18 Price Analysis
19 Competitive Landscape
19.1 Market Structure
19.2 Company Profiles
19.2.1 Grupo Trimex
19.2.1.1 Company Overview
19.2.1.2 Product Portfolio
19.2.1.3 Demographic Reach and Achievements
19.2.1.4 Certifications
19.2.2 Grupo Industrial La Italiana
19.2.2.1 Company Overview
19.2.2.2 Product Portfolio
19.2.2.3 Demographic Reach and Achievements
19.2.2.4 Certifications
19.2.3 Munsa
19.2.3.1 Company Overview
19.2.3.2 Product Portfolio
19.2.3.3 Demographic Reach and Achievements
19.2.3.4 Certifications
19.2.4 Archer Daniels Midland Company
19.2.4.1 Company Overview
19.2.4.2 Product Portfolio
19.2.4.3 Demographic Reach and Achievements
19.2.4.4 Certifications
19.2.5 Bob's Red Mill Natural Foods, Inc.
19.2.5.1 Company Overview
19.2.5.2 Product Portfolio
19.2.5.3 Demographic Reach and Achievements
19.2.5.4 Certifications
19.2.6 Others
20 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Wheat Flour Market: Key Industry Highlights, 2018 and 2032
2. Mexico Wheat Flour Market: Key Industry Highlights, 2018 and 2032
3. Mexico Wheat Flour Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Mexico Wheat Flour Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Mexico Wheat Flour Historical Market: Breakup by Wheat Type (USD Billion), 2018-2023
6. Mexico Wheat Flour Market Forecast: Breakup by Wheat Type (USD Billion), 2024-2032
7. Mexico Wheat Flour Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Mexico Wheat Flour Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Mexico Wheat Flour Historical Market: Breakup by End Use (USD Billion), 2018-2023
10. Mexico Wheat Flour Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11. Mexico Wheat Flour Historical Market: Breakup by Region (USD Billion), 2018-2023
12. Mexico Wheat Flour Market Forecast: Breakup by Region (USD Billion), 2024-2032
13. Major Exporting Countries by Value
14. Major Importing Countries by Value
15. Major Exporting Countries by Volume
16. Major Importing Countries by Volume
17. Mexico Wheat Flour Market Structure
The market is estimated to grow at a CAGR of 4.0% between 2024 and 2032.
The regions include Central Mexico, Northern Mexico, the Pacific Coast, The Bajío, Yucatan Peninsula, and Baja California.
The market is being driven by the thriving agricultural industry, growth of the bakery and confectionery sector, and increasing demand for food with the increasing population.
B2B and B2C are the major distribution channels in the market.
The different wheat types include hard, semi-hard, soft, and others.
The major classifications based on type include all-purpose flour, semolina flour, whole wheat flour, high gluten flour, and others.
The major end uses of wheat flour include bakery and confectionery, noodle and pasta, feed industry, and others.
The major players in the market are Grupo Trimex, Grupo Industrial La Italiana, Munsa, Archer Daniels Midland Company, and Bob's Red Mill Natural Foods, Inc., among others.
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