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Global Trends
Global Trends: Spotlight on Mexico Food and Drink
Global Trends: Spotlight on Mexico Food and Drink
Published on
May 10, 2019
Mexico is an attractive market for investors in the food and drink sector due to its young population, wage growth, growing middle class and expected growth opportunities for bottled water, coffee and grocery e-commerce. Key trends such as consumers’ focus on health and convenience are expected to drive the value performance of the packaged food industry.
- Consumer spending is expected to increase due to President Obrador’s administration introducing a higher minimum wage, rising remittance inflows from the US and economic growth.
- There was an estimated food sales growth of 9.3 percent in 2018, and it is forecasted to grow 7.6 percent in 2019.
- Non-alcoholic sales are expected to grow 5.4 percent in 2019 with spending to reach MXN 157.1 bn (USD 8.1 bn).
To learn more, attend EXPO PACK Guadalajara on June 11-13, 2019!