The demand for beer in Mexico has shown steady growth from 2014 to 2019. However, there was a significant decline of 16.63% in 2020, likely due to the COVID-19 pandemic. The market rebounded in 2021 with a remarkable increase of 21.01%. Since then, the growth has stabilized with a minor year-on-year increase of around 0.41% in 2022. In 2023, the beer demand stood at 7.16 million metric tons, indicating a modest year-on-year growth of 0.42%. The average annual growth rate over the past five years has been 0.34%.
The future forecast suggests a consistent yet moderate increase with an expected 5-year CAGR of 0.33%, projecting the demand to reach 7.31 million metric tons by 2028. Key future trends to watch for include changing consumer preferences towards craft beers, the influence of health trends on beer consumption, and the impact of any economic shifts on discretionary spending.
- Steady growth in beer demand from 2014 to 2019.
- Significant decline in 2020 due to COVID-19.
- Strong rebound in 2021.
- Stabilized minor growth through 2023.
- Future forecasts indicate moderate and consistent growth.
- Watch for trends in craft beer, health influences, and economic impacts.
