The production of food and beverages in Mexico has shown consistent growth over the past decade, reaching 3.1601 trillion Mexican Pesos in 2023. From 2013 to 2023, the compound annual growth rate (CAGR) fluctuated but overall demonstrated an upward trend, with a notable spike in 2021 at 8.95% year-on-year growth. However, the growth rate has tapered in recent years, with a 3.15% increase in 2023.
Future projections indicate a slowing pace of growth, with a forecasted 2.33% CAGR over the next five years, resulting in a 12.18% total growth by 2028, reaching approximately 3.6637 trillion Mexican Pesos.
Key trends to watch for in the future include potential impacts of economic policies, consumer demand shifts towards healthier and more sustainable products, and technological advancements in food production and supply chain efficiencies. Adapting to these trends will be crucial for continued growth in this sector.