The veal and beef production at the farm gate in Mexico stood at 4.52 billion Euros in 2023. Between 2013 and 2023, production exhibited fluctuations. Notable year-on-year variations included peaks in 2015 with a 27.32% increase and declines in 2016 and 2020 by -12.04% and -8.01%, respectively. The last two years showed modest growth; 1.83% in 2022 and 1.78% in 2023. The compound annual growth rate (CAGR) for the last five years was 1.69%. Moving forward, forecasts predict a 1.28% average annual growth rate from 2024 to 2028, representing a cumulative growth of 6.56% over this period.

Future trends to watch for:

Technological advancements in farming practices improving efficiency and yield.
Changes in domestic and international demand for veal and beef driven by shifts in consumer preferences and economic conditions.
Impact of trade policies and agreements affecting exports and imports.
Environmental and sustainability concerns influencing production methods.