Projections for the Mexico savory snacks market suggest a promising growth trajectory, with an anticipated rise of USD 4.2 billion and a compound annual growth rate (CAGR) nearing 8.5% over the next five years. Mexico’s savory snacks market is one of the largest in Latin America, driven by a combination of factors including rising disposable incomes, urbanization, and an increasing preference for convenience foods. As Mexican consumers embrace snacking as part of their daily routines, demand for products like chips, pretzels, and nuts is growing. Traditional snacks, such as tortilla chips and spicy snacks, continue to dominate, but international snack brands are rapidly gaining ground. Health-conscious trends are also influencing the market, with consumers seeking out healthier snack options such as baked chips, natural ingredients, and low-fat alternatives.
This report presents a detailed overview of the Mexico savory snacks industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product type, packaging material and distribution channel. This detailed analysis supports the identification of growth opportunities within the savory snacks industry.
Market Segmentation
The Mexico savory snacks market is structured as follows:
Product type: corn and tortilla chips, meat snacks, nuts and seeds, popcorn, potato chips, pretzels, puffed snacks, savoury biscuits and crackers, others
Packaging material: flexible packaging, paper and board, rigid plastics, others
Distribution channel: convenience stores, forecourt stores, supermarkets and hypermarkets, discounters, grocery stores, vending, e-commerce, others
The savory snacks market in the Mexico is segmented by product type, packaging material and distribution channel. By product type, the market includes corn and tortilla chips, meat snacks, nuts and seeds, popcorn, potato chips, pretzels, puffed snacks, savoury biscuits and crackers, and others. Packaging material segments consist of flexible packaging, paper and board, rigid plastics, and others. Distribution channel segmentation comprises convenience stores, forecourt stores, supermarkets and hypermarkets, discounters, grocery stores, vending, e-commerce, and others.
Competitive Landscape
The Mexico savory snacks market exhibits significant competition. Leading companies within the market include Tostiricas Nieto S.A. de C.V., PepsiCo Inc., Nishikawa S.A. de C.V., Nestle S.A., Mondelez International Inc., Link Snacks Inc., Kellanova, Grupo La Moderna S.A. de C.V., Grupo Industrial Alimenticio S.A. (Grupo ALZA), Grupo Bimbo S.A.B. de C.V., Gruma S.A.B. de C.V., Embotelladoras Arca S.A. de C.V., Conservas La Costena S.A. de C.V., Conagra Brands Inc., Cazares S.A. de C.V., Botanas y Derivados S.A. de C.V. and Adam Foods S.L.
The report provides a detailed assessment of prominent companies within the savory snacks market, tracking their performance from 2019 to 2023. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.
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Anticipate the future trajectory of the Mexico savory snacks market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Mexico Savory Snacks Market – Product Type Analysis
Mexico Savory Snacks Market – Packaging Material Analysis
Mexico Savory Snacks Market – Distribution Channel Analysis
Key Players and Market Share
– Tostiricas Nieto S.A. de C.V.
– PepsiCo, Inc.
– Nishikawa S.A. de C.V.
– Nestle S.A.
– Mondelez International Inc.
– Link Snacks, Inc.
– Kellanova
– Grupo La Moderna, S.A. de C.V.
– Grupo Industrial Alimenticio, S.A. (Grupo ALZA)
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Mexico Savory Snacks Market 2019-2029
Chart Mexico Savory Snacks Market, Net Growth, 2019-2029
Chart Mexico Savory Snacks Market, Growth Rates, 2019-2029
Table Mexico Savory Snacks Market by Product Type, 2019-2029
Chart Mexico Savory Snacks Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Mexico Savory Snacks Market by Product Type, 2019-2029
Table Mexico Savory Snacks Market by Packaging Material, 2019-2029
Chart Mexico Savory Snacks Market by Packaging Material, CAGR Historic and Forecast, 2019-2029
Chart Mexico Savory Snacks Market by Packaging Material, 2019-2029
Table Mexico Savory Snacks Market by Distribution Channel, 2019-2029
Chart Mexico Savory Snacks Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Mexico Savory Snacks Market by Distribution Channel, 2019-2029
Table Mexico Savory Snacks Market Share (%), by Companies, 2019-2023
Chart Mexico Savory Snacks Market, by Companies, 2023
Table Mexico Savory Snacks Market Share (%), by Brands, 2019-2023
Chart Mexico Savory Snacks Market, by Brands, 2023
Table Mexico – Population (Millions) and Forecast
Table Mexico – Consumer Price Index (CPI) and Forecast
Table Mexico – Gross Domestic Product and Forecast
Table Mexico Savory Snacks Market: Spend as a Proportion of GDP (%)
Table Mexico Savory Snacks Market: Consumption per Capita (Population)
Companies Mentioned
Tostiricas Nieto S.A. de C.V.
PepsiCo, Inc.
Nishikawa S.A. de C.V.
Nestle S.A.
Mondelez International Inc.
Link Snacks, Inc.
Kellanova
Grupo La Moderna, S.A. de C.V.
Grupo Industrial Alimenticio, S.A. (Grupo ALZA)
Grupo Bimbo, S.A.B. de C.V.
Gruma, S.A.B. de C.V.
Embotelladoras Arca, S.A. de C.V.
Conservas La Costena, S.A. de C.V.
Conagra Brands, Inc.
Cazares S.A. de C.V.
Botanas y Derivados, S.A. de C.V.
Adam Foods, S.L.