The domestic food consumption of soybean oil in Mexico stood at 1.32 million metric tons in 2023. From 2024 to 2028, a steady increase is forecasted, beginning at 1.34 million metric tons in 2024 and reaching 1.41 million metric tons by 2028. The year-on-year variations show incremental growth: 1.49% from 2024 to 2025, 1.47% from 2025 to 2026, 0.72% from 2026 to 2027, and 1.44% from 2027 to 2028. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is approximately 1.32%.
Future trends to watch for include shifts in consumer health preferences, changes in agricultural policies, and the impact of global soybean oil market fluctuations. Monitoring these factors will be crucial for understanding potential deviations from the forecasted consumption patterns.
