The demand for groundnuts in Mexico has consistently increased from 2023 to 2028. In 2023, the demand stood at 306.5 thousand metric tons. The forecasted data from 2024 to 2028 shows gradual growth with year-on-year percentage variations approximately between 0.5% to 0.6%. Specifically, the Compound Annual Growth Rate (CAGR) from 2023 to 2028 is around 0.6% on average per year, indicating steady growth in the market.
Future Trends to Watch For:
- Increasing health-consciousness among consumers driving demand for healthy snacks and food options.- Expansion of the processing industry leading to more extensive utilization of groundnuts.- Potential impacts of climate change on agricultural outputs which could affect supply.- Economic factors and trade policies influencing import and export markets.
