Baby Cereals & Other Dried Baby Food - Mexico

Mexico

Revenue in the Baby Cereals & Other Dried Baby Food market amounts to €17.48m in 2024. The market is expected to grow annually by 5.79% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€1,896m in 2024).
In relation to total population figures, per person revenues of €0.14 are generated in 2024.
In the Baby Cereals & Other Dried Baby Food market, volume is expected to amount to 1.71m kg by 2029. The Baby Cereals & Other Dried Baby Food market is expected to show a volume growth of 3.2% in 2025.
The average volume per person in the Baby Cereals & Other Dried Baby Food market is expected to amount to 0.0kg in 2024.

Key regions: Spain, Russia, Japan, India, United States

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Baby Cereals & Other Dried Baby Food Market in Mexico is experiencing negligible growth, influenced by factors like low birth rate, preference for fresh food, and competition from traditional baby food.

Customer preferences: In Mexico, there is a growing demand for organic and natural baby food products, driven by the increasing awareness of the benefits of a healthy and balanced diet for infants. This trend is also influenced by cultural preferences for traditional and homemade meals for babies. As a result, there has been a rise in the availability of organic baby cereals and other dried baby food options in the market, catering to the needs of health-conscious parents. Additionally, with more working mothers and busy lifestyles, there is a growing demand for convenient and portable baby food options, further fueling the growth of the baby cereals and other dried baby food market.

Trends in the market: In Mexico, the Baby Cereals & Other Dried Baby Food Market of the Baby Food Market within The Food market is experiencing a shift towards organic and natural products, driven by increasing consumer demand for healthier options. This trend is expected to continue, with companies investing in product innovation and expanding their organic offerings. Additionally, the market is seeing a rise in online sales, as e-commerce platforms become a popular channel for purchasing baby food products. This presents opportunities for industry stakeholders to tap into the growing online market and cater to the evolving preferences of Mexican parents.

Local special circumstances: In Mexico, the Baby Cereals & Other Dried Baby Food Market of the Baby Food Market is heavily influenced by the country's strong cultural preference for homemade or natural baby food options. This has led to a demand for locally-sourced, organic ingredients in baby food products. Additionally, strict regulations on the use of additives and preservatives have shaped the product offerings in this market. These factors have created a unique landscape for baby food in Mexico, setting it apart from other markets in the region.

Underlying macroeconomic factors: The Baby Cereals & Other Dried Baby Food Market of the Baby Food Market within The Food market is heavily impacted by macroeconomic factors in Mexico. The country's economic growth, stability, and fiscal policies play a significant role in shaping the market's performance. Additionally, global economic trends, such as the rising demand for healthier and organic food options, are also influencing the market. Furthermore, the increasing middle-class population and shifting consumer preferences towards convenient and healthy baby food products are driving the growth of the market. However, the market is also susceptible to economic downturns and fluctuations in consumer spending, which could negatively impact market growth.

Methodology

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.