Forecast: Food Services Employment in Mexico

The food services employment in Mexico has experienced considerable fluctuations over the past decade, including significant recovery since the 2020 dip influenced by the COVID-19 pandemic. As of 2023, employment stood at approximately 678.85 thousand employees, reflecting a year-on-year growth of 4.28% from 2022 and an average annual growth rate (CAGR) of 0.82% over the last five years.

Future projections from 2024 to 2028 suggest a steady increase in employment in this sector, with an expected CAGR of 0.49% over the next five years, leading to moderate growth of 2.45% overall by 2028.

**Future trends to watch for**:

• Further recovery and stabilization post-pandemic.
• Potential impacts of technological advancements like automation and digital ordering systems.
• The influence of economic conditions and consumer spending on dining out habits.