The value added of food and beverage service activities in Mexico has shown a steady increase from 2013 to 2023, reaching 304.49 billion Mexican Pesos in 2023. Over the last two years (2022-2023), the year-on-year growth rates were 2.92% and 2.78%, respectively, indicating a moderate but stable growth pattern. The Compound Annual Growth Rate (CAGR) over the past five years stood at 2.86%, demonstrating a sustained, albeit slow, expansion within the industry.

From 2024 onwards, forecasts suggest a continued upward trend in value added, with a projected figure of 343.27 billion Mexican Pesos by 2028. The average annual growth rate over the next five years is expected to be 1.89%, translating to an overall growth rate of 9.83% during this period.

Future trends to watch for:

Impact of economic policies and inflation on consumer spending.
Adoption of digital technologies and delivery platforms in the foodservice sector.
Shifts in consumer preferences towards healthier and sustainable food options.
Potential effects of geopolitical dynamics on food and beverage imports and exports.