Soda, Juice & Bottled Water Production in Mexico - Industry Market Research Report

Drink slow: Despite various challenges, the industry will grow due to increased consumer spending

Soda, Juice & Bottled Water Production in Mexico
The Soda, Juice and Bottled Water Production industry in Mexico produces traditional carbonated beverages and is involved with the purification and bottling of natural water and ice. Over the five years to 2019, increased consumer spending has significantly affected industry performance, particularly expenditure on nonalcoholic beverages. However, the industry has contended with various challenges over the past five years. In January 2014, Mexico introduced a new soda tax, which effectively increased the cost of soda for consumers, making them less likely to continue to purchase this discretionary good. This tax significantly affected the overall industry, as soda contributes significantly to industry revenue. Overall, industry revenue is anticipated to increase during the current period. Over the five years to 2024, industry revenue is forecast to continue rising, as operators will likely still benefit from consumer spending growth. This industry comprises establishments primarily engaged in the production of carbonated beverages; the purification and bottling of water; and production of ice. This includes establishments that produce energy drinks, hydration beverages and other flavored non-alcoholic beverages. This industry excludes establishments that are primarily engaged in the production of juices, nectars, and fruit and vegetable concentrates; concentrates, powders, syrups and beverage flavorings; and dry ice. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.