Meat production in Mexico demonstrated a steady growth trajectory from 2013 to 2023, reaching 7.7933 million metric tons in 2023. Key observations include a notable dip in 2020 with a 4.05% decrease, followed by a strong recovery in 2021 with a 7.18% increase. Over the last two years, growth rates were 1.75% in 2022 and 1.69% in 2023. The 5-year CAGR leading up to 2023 stood at 2.05%, highlighting moderate, consistent growth.
Looking ahead, forecasts predict a continued upward trend in meat production, reaching 8.4685 million metric tons by 2028. The projected 5-year CAGR is 1.31%, indicating a slower growth rate compared to the previous period but a 6.72% overall increase from 2024 to 2028.
Future trends to watch for include:
- Technological advancements improving production efficiency.
- Potential impacts of climate change on livestock farming.
- Shifts in consumer preferences toward alternative protein sources.