The value added in the food and beverages sector in Mexico has exhibited a declining trend over the past decade. The value in 2023 stood at 20.3 units of total manufacturing, representing a steady year-on-year decrease of about -0.63%. Over the last five years, the average annual decline was approximately -0.65%. From 2024 onwards, the sector is forecasted to continue its downward trajectory, with an average annual decline of about -0.53%. By 2028, the sector is expected to decrease by around -2.64% from its 2023 value.
Future trends to watch for:
• Growth in plant-based and alternative proteins.
• Technological advancements in food production and supply chain.
• Shifts in consumer preferences towards healthy and sustainable options.
• Regulatory changes impacting food and beverage safety and packaging.
