Between 2013 and 2023, household expenditure on food and soft drinks in Mexico has seen a consistent upward trend, growing from MXN 2.8607 trillion to MXN 5.7046 trillion. The year-on-year growth fluctuated, peaking notably in 2019 at 9.48% and stabilizing at around 5.01% in 2023. The compound annual growth rate (CAGR) over the last 5 years up to 2023 averaged 7.26%, indicating steady growth.

Moving forward from 2024, the projected growth rate for the next five years is expected to slow slightly, with the forecasted five-year CAGR at 4.27%. By 2028, household expenditure on food and soft drinks is expected to reach MXN 7.476 trillion, reflecting a total growth rate of 23.24% from 2024 to 2028.

Future trends to watch for:

Potential market saturation or shifts in consumer behavior affecting growth rates.
Economic factors such as inflation, currency fluctuations, and income levels impacting consumer spending power.
Regulatory changes related to food and beverage industries, including taxation and health regulations.
Technological advancements and innovations in food production and retail that could influence market dynamics.