Mexico Baby Food Market Size and Share by Categories, Distribution and Forecast to 2028

Mexico Baby Food Market Size and Share by Categories, Distribution and Forecast to 2028

Summary

“Mexico Baby Food Market Size and Share by Categories, Distribution and Forecast to 2028” is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Mexican market.

The number of live births in Mexico declined by 18.3% during 2016-22, reaching 1,873,000 in 2022. This resulted in a baby population of 5,414,400 in 2022. Both the crude birth rate and total fertility rates have fallen. The GDP of Mexico grew by 3.1% in 2022, owing to the recovery in industrial activity, while consumer price inflation stood at 7.9%. Overall sales in value terms have increased in recent years with the sector registering a CAGR of 5.6% during 2016-22. In volume terms, sales increased in 2022 registering a CAGR of 1.1% during 2016-22. Baby milks remained the largest category in value terms with over 77.2% of the baby food sector, followed by baby wet meals. Nestlé and Mead Johnson (Reckitt Benckiser) were the top two companies in 2022. Hypermarkets & supermarkets remained the leading distribution channel, accounting for over 57.4% of overall value sales in 2022. GlobalData estimates that the number of live births will decrease over the forecast period in Mexico. The market for baby food in the country is expected to grow in value terms during 2022-28, registering a CAGR of 11.3%.

What else does this report offer?

• Consumption data based upon a unique combination of industry research, fieldwork, market sizing work and our in-house expertise to offer extensive data about the trends and dynamics affecting the industry.
• Detailed profile of the companies operating and new companies considering entry in the industry along with their key focus product sectors.
• Market profile of the various product sectors with the key features & developments, segmentation, per capita trends and the various manufacturers & brands.
• Overview of baby food retailing with a mention of the major retailers in the country along with the distribution channel.
• Future projections considering various trends which are likely to affect the industry.

Scope

• Value sales of baby milks increased from MXN11.1 billion ($592.4 million) in 2016 to MXN15.4 billion ($764.2 million) in 2022, at a CAGR of 5.6% during this period.
• Baby cereals and dry meals volumes decreased from 4.42 million kg in 2016 to 4.19 million kg in 2022, declining at a CAGR of 0.9%.
• Value sales of the baby wet meals and other category rose from MXN2.4 billion($126.2 million) in 2016 to MXN3.4 billion ($168.4 million) in 2022, at a CAGR of 6.2%.
• During 2016-22, per capita expenditure on baby drinks increased by 36.4% in current price terms, and by 0.4% in constant price terms.

Reasons to Buy

• Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation.
• Analyse current and forecast behavior trends in each category to identify the best opportunities to exploit.
• Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market.
• Investigates which categories are performing the best and how this is changing market dynamics.