Sugar & Confectionery Product Manufacturing in Mexico - Industry Market Research Report

Sweetened deal: Rising exports and a depreciating Mexican peso will entice more operators to the industry

Sugar & Confectionery Product Manufacturing in Mexico
Over the five years to 2019, revenue for the Sugar and Confectionery Product Manufacturing industry in Mexico has benefited from consistently high demand from the United states and a persistent sweet tooth among domestic consumers. Positive external conditions have also benefited the industry. As the world price of sugar has fallen over the past five years, industry operators have been able to benefit from decreased raw sugar prices and thus charge less for their manufactured confectionery and chocolate goods, for which sugar is a key input, generating greater demand from downstream industries and consumers. However, industry revenue growth has been constrained by lagging infrastructure. Despite the positive outlook in terms of trade, the industry will continue to struggle with ongoing inefficiencies in upstream sugar refining and harvesting, in particular. Overall production volumes of sugar are anticipated to stagnate as a result, limiting industry revenue growth. This industry comprises establishments dedicated primarily to the production of sugars, chocolate, chocolate products, sweets, chewing gum and confectionery products. This includes the production of products covered in chocolate and artificial chocolates. Establishments that primarily engage in the elaboration of glucose, dextrose and corn syrup or honey; the conservation of fruits through dehydration; and the manufacture of synthetic sweeteners are excluded from this industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.