From 2014 to 2023, the demand for alcoholic beverages in Mexico increased steadily from 7.06 million metric tons to 7.86 million metric tons, with an exception in 2020 when demand fell 16.48% likely due to pandemic-related restrictions. Notably, the market quickly rebounded with a 21.23% rise in 2021. The year-on-year growth in 2022 and 2023 remained modest at 0.59%. The compound annual growth rate (CAGR) over the last five years stood at 0.5%, indicating a stable market recovery and growth post-2020 disruption.
As we move forward, the forecasted trend from 2023 to 2028 suggests continued growth, with an expected incremental increase each year leading to a demand of 8.1 million metric tons in 2028. This forecasted period shows a projected 5-year CAGR of 0.47% and an overall growth rate of 2.38% over five years.
Future trends to watch for include:
- Market adaptation to changing consumer preferences, focusing on premium and craft beverages.
- Impact of regulatory changes related to health and alcohol consumption.
- Potential disruptions from global events or economic factors that may affect production or demand.
