Bread & Cereal Products - Mexico | Statista Market Forecast

Revenue in the Bread & Bakery Products market amounts to US$33.54bn in 2024. The market is expected to grow annually by 5.00% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$278bn in 2024).
In relation to total population figures, per person revenues of US$259.20 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 11.86bn kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 2.4% in 2025.0.
The average volume per person in the Bread & Bakery Products market is expected to amount to 85.2kg in 2024.

Definition:

The Bread & Cereal Products market covers baked goods made from dough. Dough consists of flour, water, a leavening agent, and other optional ingredients. Cereal products are made from a variety of grains, such as wheat, oats, and rice.

Structure:

The market consists of five different submarkets:

The Bread market covers baked goods made from dough which consist of flour, water, a leavening agent, and other optional ingredients.
The Pasta market covers fresh and dried pasta and noodles made from cereals that are usually used as part of a main meal.
The Rice market covers several rice varieties, such as long-grain rice, medium-grain rice, short-grain rice, white rice, brown rice, and wild rice, as well as sticky rice and parboiled rice.
The Breakfast Cereals market covers muesli and other grain-based breakfast products such as corn flakes and oats.
The Other Cereal Products market covers other products that are made from cereals, such as flour, baking flour, semolina, couscous, and bulgur.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

Fresh bread and bread rolls
Pasta
Rice
Breakfast cereals
Other cereal products (e.g. Flour, couscous, bulgur)

Biscuits
Cookies
Crackers
Cakes
Baby rice cereals and other baby cereals
Ready-to-eat meal based on cereals
Out-of-home consumption

The Food market in Mexico has shown negligible growth, with factors such as changing consumer preferences, increasing competition and fluctuating prices impacting the market. The sub-markets of Bread, Pasta, Rice, Breakfast Cereals and Other Cereal Products have also been affected, with the rise of healthier alternatives and convenience playing a key role in shaping the market. Despite this, the market still holds potential for growth as digital technologies continue to be adopted and health awareness among consumers increases.

Customer preferences: Consumers in Mexico are increasingly opting for healthier and more convenient breakfast options, leading to a rise in demand for whole grain and gluten-free bread and cereal products. This trend is driven by a growing health-conscious population and the desire for quick and nutritious meals. Additionally, there is a growing preference for locally sourced and organic ingredients, reflecting the country's cultural emphasis on natural and fresh food.

Trends in the market: In Mexico, the Bread & Cereal Products Market within The Food market is experiencing a surge in demand for gluten-free and organic options. This trend is driven by a growing health consciousness among consumers and an increase in disposable income. Industry stakeholders are capitalizing on this trend by introducing innovative products and expanding their production capabilities. This trajectory is expected to continue, with potential implications including increased competition and the need for sustainable sourcing practices to meet consumer preferences.

Local special circumstances: In Mexico, the Bread & Cereal Products Market within The Food market is heavily influenced by the country's strong agricultural sector and traditional food culture. The use of locally sourced ingredients, such as corn and wheat, is a key factor in differentiating this market from others. Additionally, government regulations on food labeling and production standards have a significant impact on the market, ensuring quality and safety for consumers. The popularity of traditional Mexican dishes, such as tortillas and tamales, also drives the demand for bread and cereal products, making it a unique and thriving market in the region.

Underlying macroeconomic factors: The Bread & Cereal Products market in Mexico is heavily influenced by macroeconomic factors such as the country's overall economic health, global economic trends, fiscal policies, and other financial indicators. For instance, a strong national economy with high levels of consumer spending can drive demand for bread and cereal products, while economic downturns or fluctuations may result in decreased sales. Additionally, government policies such as import tariffs and subsidies can also impact the market, as well as the availability of raw materials and labor costs. Furthermore, global economic factors such as international trade agreements and currency exchange rates can also play a role in the performance of the Bread & Cereal Products market in Mexico. Overall, a stable and growing economy with favorable policies and market conditions can lead to a more robust and profitable bread and cereal industry in the country.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

Diets in high-income countries such as the United States consist of a lot of fats, animal products, sweeteners, and other products in addition to the ever-present food staples such as bread. Despite the comparatively lower share of staples in the food supply of these nations, staples still make up the majority of food intake. For example, consumers in the United States eat quite a lot of bread annually. Bread consumption in the U.S. amounts to 6.64 billion kilograms, or 19.84 kilograms per capita. In addition to bread, Americans consume a sizable amount of cake and pastry goods, namely 8.6 billion kilograms in 2022.