From 2013 to 2023, the Food and Beverages sector in Chile experienced fluctuations in its value added, reaching 39.52 units in 2023. The early period witnessed significant variation, including a sharp decline in 2015, followed by a recovery in 2016. From 2017 through 2023, the growth rates stabilized, showing minimal year-on-year changes, often around 0.1%. The 5-year CAGR from 2018 to 2023 is approximately 0.1%, indicating a stable trend.
Forecasts from 2024 to 2028 predict a slight upward trajectory with an average annual growth rate (CAGR) of 0.07%, translating to an overall growth rate of 0.37% by the end of 2028.
Future trends to watch for include:
• Innovations in food processing and sustainability practices
• Changes in consumer preferences towards healthier options
• Impacts of global economic conditions on the food and beverages sector
