Based on actual data, the beer market volume in Mexico has generally experienced steady growth, moving from 6.64 million metric tons in 2014 to 7.16 million metric tons in 2023. The year 2020 marked a significant decline of 16.63%, primarily due to the COVID-19 pandemic. Post-2020, the market rebounded with a substantial 21.01% increase in 2021 and continued moderate growth into 2023 with a year-on-year variation of 0.42%. The CAGR over the last five years stands at 0.34%.
Future forecasts predict the beer market will continue its slight upward trend, reaching 7.31 million metric tons by 2028, with a forecasted five-year CAGR of 0.33% and a total growth rate of 1.67% over the period.
Future trends to watch for:
- Potential changes in consumer preferences towards craft and premium beers.
- The impact of economic conditions and disposable income on beer consumption.
- Innovations and marketing strategies by key players in the market.
- Potential regulatory changes impacting the beer industry.
