In 2023, household expenditure on food in Mexico stood at 5.1235 Trillion Mexican Pesos. From 2024 onwards, the expenditure is forecasted to increase consistently, with values rising to 5.4633 in 2024, 5.7932 in 2025, 6.1199 in 2026, 6.4433 in 2027, and 6.7635 in 2028. The year-on-year percentage increase from 2023 to 2024 is approximately 6.6%, from 2024 to 2025 is 6.05%, from 2025 to 2026 is 5.64%, from 2026 to 2027 is 5.28%, and from 2027 to 2028 is 4.98%. The CAGR from 2024 to 2028 is around 5.65%.
Future trends to watch for include changes in consumer dietary preferences, impact of inflation on food prices, and potential government policies affecting agricultural productivity and food distribution. Additionally, technological advancements in food production and shifts in the global food supply chain could further influence household food expenditure in Mexico.
