Between 2013 and 2023, the beverages manufacturing output in Mexico, expressed in Billion Mexican Pesos, exhibited significant growth. The output rose from 261.87 in 2013 to 677.39 in 2023. Notably, the year-on-year growth rates varied, with a significant increase of 16.68% in 2016 and sustaining a positive trend. In 2021, an impressive 12.83% growth was noted, while 2022 saw an even more substantial rise of 15.97%. The year 2023 observed a growth of 9.75%. The compounded annual growth rate (CAGR) from 2018 to 2023 stood at 9.68%, reflecting robust industry expansion.
Looking forward, the beverage manufacturing output in Mexico is forecasted to continue its upward trajectory, reaching 970.59 Billion Mexican Pesos by 2028. The forecasted 5-year CAGR is 5.65%, indicating steady yet slightly moderated growth compared to the past decade. The observed trend suggests a total forecasted growth rate of approximately 31.66% from 2023 to 2028.
Future trends to watch for include potential impacts of economic fluctuations, changes in consumer preferences towards healthier options, and sustainability practices in packaging and production. Adapting to these shifts will be crucial for continued growth in Mexico’s beverage manufacturing industry.
