From 2013 to 2023, the value added of food, beverages, and tobacco in Brazil showed fluctuating trends. It peaked in 2015 with a significant increase of 17.56% but faced a notable decline in 2018, dropping by 11.15%. The values stabilized in the subsequent years, maintaining a steady growth. By 2023, the value stood at 19.3 Units of Total Manufacturing with a minor year-on-year increase of 0.4% and an overall CAGR of -1.05% over the last five years, highlighting a gradual recovery trend.
Looking towards the future, forecasts from 2024 to 2028 suggest a slight upward trend with an average growth rate of 0.15% per year. This indicates a relatively stable but slow growth in the sector. Key trends to watch include potential technological advancements, shifting consumer preferences towards healthier options, and changes in trade policies that might impact production and distribution.
