From 2013 to 2023, the production volumes of food, beverages, and tobacco in Mexico showed a steady upward trend, standing at 2.5406 trillion Mexican Pesos in 2023. The annual growth rate has fluctuated throughout this period, peaking at 3.65% in 2016. Over the past five years (2019-2023), the compound annual growth rate (CAGR) has averaged 1.38%. In the last two years, year-on-year growth has slightly decreased, with 1.44% in 2022 and 1.39% in 2023.
Looking forward, the forecast suggests more moderate growth, with the CAGR expected to be around 0.99% from 2024 to 2028. Key trends to monitor include changes in consumer preferences, regulatory shifts, and potential disruptions in the supply chain, which could impact future production volumes in this sector.