The market is dominated by foreign suppliers, as imports account for 58.9% of total market size in 2021. Households drive market demand, with household spending representing 90.2% of total demand in 2021. Mexico has the second largest market size for spirits regionally, with demand reaching USD2.5 billion in 2021. Becle SAB de CV is the largest company in Mexico, generating 64.7% of the industry’s total production value in 2021. The industry is concentrated, with the top five companies generating 89.3% of total production value in 2021. The total number of companies increases in 2021, to 2,390 units. The costs of the industry increase by 22.7% in 2021, largely driven by rising B2B costs. The industry’s profitability increases and stands at 34.1% of production value in 2021, the highest regionally. The industry’s exports share decreases in 2021 to 77.2% of total production output. With production value of USD2.6 billion, Mexico accounts for 13.9% of the Latin America total in 2021.
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This Euromonitor industrial report provides unique information on Spirits in Mexico: ISIC 1551. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Spirits in Mexico: ISIC 1551 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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