The GDP of the beverage industry in Mexico grew at a real year-on-year rate of 4.5% in 2024, to Ps. 1.27 trillion, according to Inegi data.

Mexican companies Coca-Cola FEMSA and Arca Continental, two of the five largest bottlers of The Coca-Cola Company in the world, stand out in the sector.

Also noteworthy are Organización Cultiba, a PepsiCo bottler, and the beer companies Grupo Modelo (owned by AB-InBev) and Heineken México.

Beverage industry

Other outstanding companies with operations in Mexico are: PepsiCo, Jose Cuervo, Grupo Jumex, Grupo Peñafiel, Diageo Mexico, Pascual Boing and Brown-Forman Tequila Mexico.

Here is the GDP in the beverage industry in Mexico, in billions of current pesos, according to Inegi data:

• 2018: 857.
• 2019: 929.
• 2020: 927.
• 2021: 1,032.
• 2022: 1,180.
• 2023: 1,193.
• 2024: 1,271.

Investments

FDI inflows in the beverage industry in Mexico totaled 3.828 billion dollars in 2024, according to data from the Ministry of Economy.

This amount is the highest, without considering 2013, when there was an atypical operation: Grupo Modelo was sold to the Belgian company Anheuser-Busch InBev (AB InBev) in June 2013. The transaction had a value of 20.1 billion dollars. But not all of that amount came in as FDI. 

In 2023, the Ministry of Economy recorded FDI inflows in the beverage industry in Mexico for US$15,634 million.

The following is the trend of FDI inflows in this industry to Mexico, in millions of dollars:

• 2018: 1,131.
• 2019: 2,277.
• 2020: 1,057.
• 2021: 2,498.
• 2022: 668.
• 2023: 2,440.
• 2024: 3,828.

Prices and supply

During the fourth quarter of 2024, headline consumer inflation continued to decline and reached 4.5% YoY. This represented a 0.5 percentage point reduction compared to the previous quarter, the most significant since the third quarter of 2023. This performance was due to a drop in most of its components. Among the key factors were a greater supply of agricultural products, lower energy prices and a moderation in services.

On the other hand, core inflation reached 3.7% annualized, which represented a 0.3 pp decrease with respect to the previous quarter. Thus, it has been down for eight consecutive quarters. During this period, decreases were observed in the inflation of food and processed beverages, as well as in non-food merchandise and educational services.