The maize processing industry in Mexico has shown a consistent upward trend from 2014 to 2023, with a 2023 value standing at 2.14 million metric tons. Notable variations include significant growth spurts in 2015 (5.19%) and 2016 (11.01%), followed by more stable increases from 2018 onwards. The year-on-year growth in 2023 was 1.28%, reflecting a maturing market. The compound annual growth rate (CAGR) over the last five years was 1.11%, indicating steady but slowing growth. Forecasts suggest a continued rise to 2.27 million metric tons by 2028, with a projected five-year CAGR of 0.91%, corresponding to an overall growth rate of 4.61%.
Future trends to watch for include technological advancements in maize processing, sustainability practices in the supply chain, and potential impacts of government policies on production capacities. Market dynamics driven by consumer preferences for maize-based products and international trade relations will also play crucial roles.
