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.
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 Mexicochocolate 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.
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 Mexicochocolate 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.
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
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Latin America Chocolate Market Overview
6 Mexico Chocolate Market Overview
7 Mexico Chocolate Market by Type
8 Mexico Chocolate Market by Product Type
9 Mexico Chocolate Market by Distribution Channel
10 Mexico Chocolate Market by Region
11 Market Dynamics
13 Trade Data Analysis (HS Code - 186)
15 Competitive Landscape
Companies Mentioned
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 112 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 1.59 Billion |
| Forecasted Market Value ( USD | $ 2.79 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Mexico |
| No. of Companies Mentioned | 9 |
