The value-added of beverages in Mexico has experienced significant fluctuations over the years. From 2013 to 2019, the sector displayed steady growth, averaging a CAGR of 6.33% during this period. However, 2020 saw a notable decline of 13.55%, primarily due to external economic factors. This was followed by a robust recovery with a 25.19% increase in 2021. In 2022 and 2023, the year-on-year growth stabilized at 3.68% and 3.48%, respectively. The value in 2023 stood at 225.71 Billion Mexican Pesos.
Forecasted data from 2024 to 2028 shows a more moderate growth rate with a forecasted 5-year CAGR of 2.54%, culminating in a projected value of 265.38 Billion Mexican Pesos by 2028.
Future trends to watch for include:
- Potential impact of economic policies and trade agreements
- Advancements in beverage technology and innovation
- Shifts in consumer preferences toward healthier alternatives
- Global supply chain disruptions and their effects on production costs
