The production of food, beverages, and tobacco in Mexico has shown a steady upward trend from 2013 to 2023, reaching a value of 3.2229 trillion pesos in 2023. The year-on-year percentage variation has experienced some fluctuations, with the highest growth being 10.11% in 2016. Despite some deceleration in growth rates in recent years, the sector has maintained a positive growth trajectory. The compound annual growth rate (CAGR) over the past five years has decreased gradually, reflecting a slowdown in the pace of growth.
Future trends to watch for:
- Potential impacts from regulatory changes and trade policies.
- Expansion of export markets and consumer demand shifts.
- Influence of technological advancements and sustainable practices on production efficiency.