Market size and recent performance (2009-2024)
Industry revenue has grown at a CAGR of 3.7% over the past five years, to reach an estimated $129.7bn in 2019.
Trends and Insights
- Industry revenue has benefited from consistently high demand from the United states and a persistent sweet tooth among domestic consumers
- Additional trends and insights available with purchase
Biggest companies in the Sugar & Confectionery Product Manufacturing in Mexico
| Company
2019 | Market Share (%)
2019 | Revenue ($m)
2019 | Profit ($m)
2019 | Profit Margin (%)
2019 |
|---|---|---|---|---|
Beta San Miguel SA de CV | ||||
Zucarmex SA de CV | ||||
Grupo Bimbo SAB de CV |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Industry revenue is measured across several distinct product and services lines, including Sugar products, Chocolate products and Candy products. Sugar products is the largest segment of the Sugar & Confectionery Product Manufacturing in Mexico.
Trends and Insights
Sugar products account for the bulk of exports to the United States.
- These products include granular, refined and liquid cane sugar.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Sugar and Confectionery Product Manufacturing industry in Mexico is responsible for the production of sugars, chocolate, chocolate products, sweets, chewing gum and other confectionery products. Manufacturing of sugar accounts for the largest, most volatile portion of industry revenue, while chocolate and candy manufacturing generate about 40.0% industry revenue. Overall, trade is a crucial determinant of industry performance each year, with exports to the United States alone estimated to account for 26.9% of industry revenue in 2019. Total exports account for an estimated 32.1% of industry revenue in 2019, while imports are generally much lower, estimated to satisfy 12.0% of domestic demand this year.
What's included in this industry?
Raw, cane and liquid sugar processingProducing chewy candy, including granola and breakfast barsProducing soft candy, hard candy and gumProducing chocolate barsProducing chocolate molded with fruits and nuts and chocolate coatingsSugar productsChocolate productsCandy productsCompanies
Beta San Miguel SA de CVZucarmex SA de CVGrupo Bimbo SAB de CVPurchase this report to view all 4 major companies in this industry.
Related Terms
HIGH FRUCTOSE CORN SYRUP (HFCS)NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)SUGARCANEIndustry Code
NAICS 31131MX - Sugar & Confectionery Product Manufacturing in Mexico
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Consumer spending on non-alcoholic beverages. When consumer spending on nonalcoholic beverages increases, it indicates an increased demand for sugar and other confectionery go...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2009-2018) and forecast (2019-2024)
- Employees, including historical (2009-2018) and forecast (2019-2024)
- Businesses, including historical (2009-2018) and forecast (2019-2024)
- Profit, including historical (2009-2019)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Sugar products account for the bulk of exports to the United States. These products include granular, refined and liquid cane sugar.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2019
- Product innovation level
Charts
- Products & services segmentation in 2019
- Major market segmentation in 2019
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The Sugar and Confectionery Product Manufacturing industry in Mexico is composed of a relatively diverse mix of manufacturers, including sugar processers and manufacturers of ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2019
Tables
- Number and share of establishments in each region in 2019
- Number and share of revenue each region accounts for in 2019
- Number and share of wages each region accounts for in 2019
- Number and share of employees in each region in 2019
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Economies of scale. Larger companies typically have lower per-unit production costs because they are able to spread their costs over a large volume of products.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2014-2019
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Beta San Miguel SA De CV (BSM) is the largest producer of cane sugar in Mexico, founded in November 1988 as a result of national privatization efforts. The company has grown s...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2015 through 2019
- Major companies in the industry, including market share, revenue, profit and profit margin in 2019
- Overview of Beta San Miguel SA de CV's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Zucarmex SA de CV's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Grupo Bimbo SAB de CV's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Beta San Miguel SA de CV, and factors influencing its performance in the industry
- Description and key data for Zucarmex SA de CV, and factors influencing its performance in the industry
- Description and key data for Grupo Bimbo SAB de CV, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Self-regulation is relatively common in the Sugar and Confectionery Product Manufacturing industry in Mexico, as participants are eager to ensure they maintain a positive publ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
Detailed analysis
- Demographic and macroeconomic factors influencing the industry
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2009-2024)
- IVA (2009-2024)
- Establishments (2009-2024)
- Enterprises (2009-2024)
- Employment (2009-2024)
- Exports (2009-2024)
- Imports (2009-2024)
- Wages (2009-2024)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the estimated market size of the Sugar & Confectionery Product Manufacturing industry in Mexico in 2019?
The market size of the Sugar & Confectionery Product Manufacturing industry in Mexico is $129.7bn in 2019.
How many businesses are there in the Sugar & Confectionery Product Manufacturing in Mexico industry in 2019?
There are 2,328 businesses in the Sugar & Confectionery Product Manufacturing industry in Mexico, which has declined at a CAGR of -2.4% between 2014 and 2019.
Has the Sugar & Confectionery Product Manufacturing industry in Mexico grown or declined over the past 5 years?
The market size of the Sugar & Confectionery Product Manufacturing industry in Mexico has been at a CAGR of 3.7% between 2014 and 2019.
What is the forecast growth of the Sugar & Confectionery Product Manufacturing industry in Mexico over the next 5 years?
The Sugar & Confectionery Product Manufacturing in Mexico market is forecast to over the five years from 2019 to 2024
What are the biggest companies in the Sugar & Confectionery Product Manufacturing market in Mexico?
The biggest companies operating in the Sugar & Confectionery Product Manufacturing market in Mexico are Beta San Miguel SA de CV, Zucarmex SA de CV and Grupo Bimbo SAB de CV
What does the Sugar & Confectionery Product Manufacturing in Mexico include?
Raw, cane and liquid sugar processing and Producing chewy candy, including granola and breakfast bars are part of the Sugar & Confectionery Product Manufacturing industry.
Which companies have the highest market share in the Sugar & Confectionery Product Manufacturing in Mexico?
The company holding the most market share in Mexico is Beta San Miguel SA de CV.
How many people are/were employed in the Sugar & Confectionery Product Manufacturing in Mexico in 2019?
There are 80,610 employed in the Sugar & Confectionery Product Manufacturing industry in Mexico 2019.
Widen your competitive advantage with related industries
Related Domestic Industries
- This industry comprises establishments dedicated to the manufacture of bread and other bakery products, including biscuits, corn and flour tortillas, frozen bakery products and premixed flours.
Methodology
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- Industry and trade associations
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