Value Chain Report on the Beverage Industry in Mexico¶
Abstract¶
This report provides a comprehensive analysis of the value chain for the beverage industry in Mexico, a dynamic and significant sector characterized by high consumption volumes and the presence of major global and domestic players. The analysis dissects the value chain into five primary stages: Raw Material Sourcing, Production/Transformation, Packaging, Distribution, and Retail/Final Consumption. Key findings reveal a highly concentrated market in segments like soft drinks and beer, dominated by large corporations such as Coca-Cola FEMSA, Arca Continental, Heineken Mexico, and Grupo Modelo, which leverage extensive production capabilities and sophisticated distribution networks. The report details the diverse activities within each stage, from agricultural procurement and water sourcing to complex manufacturing processes (brewing, distillation, bottling) and multi-channel distribution strategies encompassing traditional retail, modern trade, on-premise consumption, and rapidly growing e-commerce platforms. Commercial relationships are intricate, involving franchise bottling agreements, extensive supply contracts, direct distribution models, and various retail partnerships. Significant bottlenecks and challenges identified include agricultural price volatility, water scarcity concerns, complex logistics across diverse geography, security issues in distribution, intense retail competition, and the need to adapt to evolving consumer preferences and regulatory pressures, such as health-related taxes and sustainability demands. The report underscores the industry's resilience and scale while highlighting critical areas impacting efficiency, profitability, and future growth.
Introduction¶
The beverage industry in Mexico represents a substantial and multifaceted sector within the national economy, deeply embedded in the country's cultural fabric and daily life. Mexico stands as one of the world's largest consumers of certain beverage categories, particularly soft drinks and beer, making it a crucial market for both multinational corporations and established domestic enterprises. The industry encompasses a wide array of products, including carbonated soft drinks, bottled water, juices, dairy beverages, traditional fermented drinks like pulque, coffee, tea, beer, tequila, mezcal, and a growing variety of ready-to-drink (RTD) options. The sheer scale is evidenced by consumption volumes estimated at 25 billion liters in Q3 2024, with soft drinks (led by bulk water) and beer dominating volume shares in their respective non-alcoholic and alcoholic categories [1].
The purpose of this report is to conduct an in-depth analysis of the Mexican beverage industry's value chain. It aims to meticulously map the journey of beverages from raw material inputs to the final consumer, identifying the key stages, segments, activities, and players involved. The scope includes a detailed examination of the commercial relationships that underpin the chain, the various business models employed, and the critical bottlenecks and challenges that impact efficiency and competitiveness. By providing a granular view of the industry's structure and dynamics, this report seeks to offer valuable insights for industry stakeholders, investors, analysts, and researchers seeking a comprehensive understanding of this vital sector. The analysis draws upon recent market data and industry research to present a current and detailed perspective, formatted for accessibility and professional use.
Value Chain Definition¶
The value chain of the Mexican beverage industry comprises a sequence of interconnected stages through which raw materials are transformed into finished products and delivered to the end consumer. Each stage adds value and involves distinct activities, segments, and players.
1. Raw Material Sourcing¶
This initial stage involves the acquisition of all necessary inputs for beverage production. It is fundamental to the entire chain, dictating cost structures and product characteristics. * Segments: * Agricultural Products: Cultivation and procurement of essential natural resources like fruits (e.g., citrus, tropical fruits), grains (barley for beer, maize for traditional drinks like pozol and some beers), agave plants (blue Weber for tequila, various species for mezcal), coffee beans, tea leaves, and sugar cane. Mexico's diverse agro-climatic conditions support a wide range of these inputs [4, 7, 11, 26, 27]. * Water: Sourcing, treatment, and purification of water, a primary ingredient by volume in most beverages, ensuring it meets stringent quality and safety standards for human consumption and production processes. * Other Ingredients: Procurement of a wide variety of processed inputs, including sweeteners (sugar, high-fructose corn syrup, artificial sweeteners), natural and artificial flavorings, colorings, acidity regulators (like citric acid), preservatives, carbon dioxide for carbonation, and functional additives (vitamins, minerals) for fortified beverages [35]. * Packaging Materials: Supply of materials for containing, protecting, and branding beverages. This includes PET (polyethylene terephthalate) preforms and resins, glass bottles (requiring sand, soda ash, limestone), aluminum and steel for cans, paperboard for cartons (e.g., Tetra Pak), plastic films for shrink wraps, caps, closures, and labels. * Main Activities: * Agricultural Products: Farming activities including planting, irrigation, fertilization, pest management, harvesting, initial post-harvest processing (cleaning, sorting), storage, and transportation to processing facilities. This includes the long cultivation cycle for agave [11]. * Water: Extraction from municipal sources, private wells, or surface water bodies, followed by comprehensive treatment processes (filtration, reverse osmosis, disinfection) and rigorous quality control testing. * Other Ingredients: Chemical synthesis, extraction from natural sources (e.g., flavors from fruits), blending of ingredient formulations, quality assurance, regulatory compliance checks, and packaging for industrial use. * Packaging Materials: Manufacturing processes like injection molding and blow molding for PET bottles, glass forming, metal sheet stamping and can forming, printing of labels and cartons, lamination for flexible packaging, and quality control for material integrity and specifications.
2. Production/Transformation¶
This stage involves converting the sourced raw materials into finished or semi-finished beverage products through various manufacturing processes. * Segments: * Beverage Manufacturing: The core processing activities that create the final beverage product. This varies significantly based on the beverage type. * Concentrate Production: A specialized segment, particularly important for major soft drink brands, involving the creation of highly concentrated syrups or flavor bases which are later diluted and carbonated at bottling facilities. * Main Activities: * Beverage Manufacturing: Includes diverse processes such as: * Carbonated Soft Drinks: Precise mixing of treated water with sweeteners, flavor concentrates, acids, and colorings, followed by chilling and forced carbonation. * Beer: Malting grains, mashing to extract sugars, boiling with hops, fermentation using yeast, maturation/lagering, filtration, and sometimes pasteurization [33]. * Tequila/Mezcal: Harvesting agave, cooking piñas (often in ovens or pits), crushing/milling to extract aguamiel, fermenting the juice, and typically double distillation in copper pot stills [11, 26]. * Dairy Beverages: Milk reception, pasteurization, homogenization, cooling, fermentation (for yogurt drinks), mixing with flavors/fruits, and UHT treatment for shelf-stable products. * Juices: Fruit washing, sorting, juice extraction (pressing, reaming), pasteurization or HPP (High-Pressure Processing), clarification (optional), and blending. * Traditional Beverages: Often involve fermentation of local inputs, like agave sap for pulque or maize dough for pozol, using traditional methods passed down through generations [4, 7, 27]. * Concentrate Production: Research and development of flavor profiles, sourcing specialized ingredients, precision blending and manufacturing of concentrates under strict quality control, and secure distribution to licensed bottlers.
3. Packaging¶
This stage prepares the manufactured beverages for distribution, sale, and consumption by enclosing them in appropriate primary, secondary, and tertiary packaging. * Segments: * Primary Packaging (Filling and Sealing): The direct filling of the liquid beverage into consumer-facing containers (bottles, cans, cartons) and securely sealing them to maintain product integrity, freshness, and carbonation. * Secondary and Tertiary Packaging (Labeling, Grouping, Palletizing): Application of labels containing branding, nutritional information, and regulatory requirements; grouping individual units into multi-packs (e.g., 6-packs, 12-packs) using materials like cardboard or shrink film; placing these groups into cases or trays; and arranging cases onto pallets for efficient storage and transport. * Main Activities: * Primary Packaging: Operating high-speed, automated filling lines (rotary fillers, inline fillers) synchronized with capping/seaming machines, ensuring accurate fill levels, minimizing oxygen pickup (especially for beer and juice), and achieving hermetic seals. Quality checks (fill level, seal integrity) are critical. * Secondary/Tertiary Packaging: Operating labeling machines (pressure-sensitive, shrink sleeve), multi-packing equipment (cartoners, shrink wrappers), case packers, and palletizers (robotic or conventional). This includes managing different SKUs (Stock Keeping Units) and packaging formats.
4. Distribution¶
This stage encompasses all activities required to move the finished, packaged beverages from production facilities to the points of sale accessible to consumers. * Segments: * Warehousing and Inventory Management: Storing finished goods in warehouses (ambient, refrigerated, or controlled temperature), managing stock levels using inventory systems (like WMS - Warehouse Management Systems), ensuring product rotation (FIFO/FEFO), and order picking/preparation. * Transportation and Logistics: Physical movement of goods via truck fleets (owned or contracted), rail, or potentially coastal shipping. This involves route planning, fleet management, load optimization, tracking shipments, and handling logistics across Mexico's diverse and sometimes challenging geography. * Wholesale: Selling beverages in large quantities (cases, pallets) to intermediaries, including large retail chains' distribution centers, smaller independent retailers, cash-and-carry outlets, restaurants, bars, and institutional buyers. * Import and Export: Managing the logistical and regulatory aspects of moving beverages across international borders, including customs documentation, tariffs, international freight coordination, and compliance with import/export regulations in relevant countries. Mexico is a major exporter of beer and tequila [13, 14]. * Main Activities: * Warehousing: Receiving goods, put-away, storage, order picking, packing, staging for shipment, inventory counts, and maintaining warehouse safety and hygiene standards. * Transportation: Scheduling deliveries, dispatching trucks, managing drivers, vehicle maintenance, real-time tracking, optimizing routes to reduce fuel consumption and delivery times, and ensuring cargo security. * Wholesale: Managing sales orders from retailers/foodservice, maintaining wholesaler inventory, breaking bulk shipments, arranging local deliveries to customers, managing credit and collections. * Import/Export: Liaising with customs brokers, freight forwarders, shipping lines; preparing commercial invoices, packing lists, certificates of origin; ensuring compliance with labeling and ingredient regulations in destination markets.
5. Retail and Final Consumption¶
The final stage where beverages are made available to end consumers through various channels, leading to purchase and consumption. * Segments: * Off-Premise: Sales channels where beverages are purchased for consumption elsewhere. This is the largest segment by volume for many beverage types. Includes supermarkets, hypermarkets, convenience stores, neighborhood grocery stores ('tienditas'), liquor stores, warehouse clubs, and discount stores [10, 16, 29]. * On-Premise: Sales channels where beverages are purchased and consumed on site. Crucial for brand building and higher margins per serving. Includes restaurants, bars, cafes, hotels, nightclubs, cantinas, and event venues [2, 5, 8, 16]. * E-commerce: Online sales through various platforms, including online marketplaces, retailer websites, specialized beverage e-tailers, and third-party delivery apps. This channel has seen significant growth [9, 10, 12, 34]. * Main Activities: * Off-Premise: Store operations, shelf stocking and merchandising, managing inventory, implementing promotions and pricing strategies, point-of-sale transactions, providing refrigeration for cold beverages. The ubiquity of convenience stores like OXXO is a key feature [14]. * On-Premise: Menu creation, purchasing from distributors, storing and chilling beverages (including draft systems), preparing and serving drinks (including cocktails), managing ambiance and customer service, processing payments. * E-commerce: Website/app management, online product listing and merchandising, digital marketing, order processing, secure payment handling, coordinating with logistics partners for packaging and last-mile delivery, online customer service.
Value Chain Summary Table¶
Value Chain Step | Main Activities | Segments | Types of Players | Examples of Main Players |
---|---|---|---|---|
Raw Material Sourcing | Cultivation, harvesting, purification, manufacturing of ingredients & packaging | Agricultural Products, Water, Other Ingredients, Packaging Materials | Farmers, Cooperatives, Agribusinesses, Ingredient Suppliers, Packaging Manufacturers (e.g., PET converters, glass/can makers), Utility Companies | (Based on product origin) Agave farmers, Barley producers, Sugar refiners, Water treatment co's, Packaging: Aluprint, Envases Universales [15], Ingredient: Ingredion, Tate & Lyle (examples) |
Production/Transformation | Processing raw materials into beverages (mixing, fermenting, distilling, carbonating, pasteurizing) | Beverage Manufacturing, Concentrate Production | Multinational Corporations, Large Domestic Companies, Craft Producers (Brewers, Distillers), Traditional Makers, Co-packers, Concentrate Producers | Coca-Cola FEMSA, Arca Continental, Heineken Mexico, Grupo Modelo, GEPP, Grupo Lala, Constellation Brands (export), Nestlé Mexico, Danone Mexico, Casa Cuervo, Cervecería Minerva [18] |
Packaging | Filling, sealing, labeling, secondary/tertiary packaging (grouping, palletizing) | Primary Packaging (Filling/Sealing), Secondary & Tertiary Packaging (Labeling, Grouping, Palletizing) | Beverage Manufacturers (in-house), Co-packers, Specialized Packaging Service Providers | Major Bottlers/Brewers (KOF, Arca, Heineken, Modelo) [28], Packaging Material Suppliers (Aluprint, Envases Universales) [15], Machinery Suppliers (e.g., Krones, Sidel - examples) |
Distribution | Warehousing, inventory management, transportation, wholesale, import/export | Warehousing & Inventory Mgmt, Transportation & Logistics, Wholesale, Import & Export | Beverage Companies (Direct Store Delivery), 3PL Providers, Trucking Companies, Wholesalers, Distributors, Cash & Carry, Import/Export Agents, Customs Brokers | Coca-Cola FEMSA, Arca Continental, Heineken Mexico, Grupo Modelo, GEPP (all have extensive networks), Specialized Distributors (e.g., for wine/spirits) |
Retail and Final Consumption | Selling beverages to consumers via various channels | Off-Premise (Supermarkets, Convenience Stores, etc.), On-Premise (Restaurants, Bars), E-commerce | Supermarkets, Hypermarkets, Convenience Stores, Small Grocers ('Tienditas'), Specialty Stores, Restaurants, Bars, Cafes, Hotels, Online Marketplaces, Retailer Websites, Delivery Apps | Walmart Mexico, OXXO, Soriana, Tiendas 3B, Aurrera, Numerous On-Premise outlets, Amazon Mexico, Mercado Libre Mexico, Rappi, Uber Eats [5, 9, 10, 12, 14, 16, 29, 34] |
Players Analysis¶
The Mexican beverage industry is characterized by the presence of large, dominant players, particularly in the soft drinks and beer segments, alongside a multitude of smaller domestic companies, craft producers, and retailers.
-
Types of Players by Segment:
- Raw Material Sourcing: Ranges from countless individual farmers and cooperatives supplying agricultural inputs to large national and multinational ingredient suppliers (e.g., sugar refiners, flavor houses) and major packaging manufacturers like Aluprint and Envases Universales [15]. Water is typically sourced from municipal utilities or private wells.
- Production/Transformation: Dominated by major multinational bottlers/brewers like Coca-Cola FEMSA (KOF), Arca Continental, Heineken Mexico, Grupo Modelo (AB InBev), and GEPP (PepsiCo bottler). Also includes large domestic players like Grupo Lala (dairy) [See Profiles], significant spirits producers like Casa Cuervo [18], numerous craft breweries (e.g., Cervecería Minerva [18]), traditional producers (pulque, pozol), and co-packers. Nestlé and Danone also have production for water, coffee, and dairy alternatives [See Profiles].
- Packaging: Primarily conducted in-house by the large beverage manufacturers due to integration with production lines. Co-packers also play a role. Key suppliers of materials and machinery are crucial partners [3, 15, 28].
- Distribution: Large manufacturers operate extensive direct store delivery (DSD) networks (KOF, Arca, Heineken, Modelo, GEPP). Third-party logistics (3PL) providers and independent wholesalers/distributors also play significant roles, especially for smaller brands or specific channels.
- Retail: Highly diverse, featuring large supermarket/hypermarket chains (Walmart Mexico, Soriana, Chedraui), a massive network of convenience stores led by FEMSA's OXXO [14], numerous small independent grocers ('tienditas'), specialized liquor stores, on-premise establishments (restaurants, bars - highly fragmented), and growing e-commerce platforms (Amazon Mexico, Mercado Libre, retailer websites, delivery apps like Rappi/Uber Eats) [9, 10, 12, 14, 16, 34].
-
Profiles of Key Players:
- Fomento Económico Mexicano (FEMSA): A powerhouse conglomerate, FEMSA's influence permeates the value chain. Its majority ownership of Coca-Cola FEMSA (KOF) anchors its position in production and distribution. Furthermore, its OXXO convenience store chain provides an unparalleled retail footprint, creating significant vertical integration. FEMSA's consolidated revenues reached P$279,793 million in 2024, reflecting its massive scale.
- Coca-Cola FEMSA (KOF): The world's largest franchise bottler of Coca-Cola products by volume. KOF operates numerous production plants and a vast distribution network across Mexico, managing a portfolio including Coca-Cola, Sprite, Fanta, Ciel water, and others. Their operations are highly efficient, focused on production, packaging, and extensive DSD logistics. In 2024, KOF reported total volumes of 4,224.6 million unit cases and revenues of P$279,793 million, underscoring their dominance.
- Arca Continental: The second-largest Coca-Cola bottler in Latin America and a major player in Mexico. Similar to KOF, Arca Continental is involved in the production, packaging, and distribution of Coca-Cola products and its own brands (like Topo Chico in some regions) across its territories in Mexico. They also have interests in snacks. Arca Continental reported substantial Net Sales of USD 11.49 billion globally as of Dec 2024, with Mexico being a core market.
- Heineken Mexico: A subsidiary of the global brewing giant Heineken N.V., it is one of the two dominant players in the Mexican beer market. Heineken Mexico brews, packages, and distributes a wide range of brands, including Tecate, Dos Equis, Indio, Sol, Bohemia, Carta Blanca, and Heineken itself. They operate multiple large breweries across Mexico. Reported sales reached 187,000 million pesos in 2023, highlighting Mexico's importance to Heineken's global performance.
- Grupo Modelo (Part of AB InBev): The other major force in the Mexican beer duopoly, now part of Anheuser-Busch InBev. Grupo Modelo produces iconic brands like Corona (a major global export), Modelo, Victoria, Pacifico, and Negra Modelo. They operate several high-capacity breweries in Mexico. While specific financials are consolidated within AB InBev's $59.38 billion global revenue (2023), Grupo Modelo holds a leading market share in Mexico and drives significant export volume.
- GEPP (Grupo GEPP): The exclusive bottler for PepsiCo in Mexico, responsible for producing, packaging, and distributing brands such as Pepsi, 7UP, Mirinda, Gatorade, Lipton Iced Tea, and Epura water. GEPP operates a significant number of production plants and possesses one of Mexico's largest distribution networks, crucial for competing with the Coca-Cola system. They also manage jug water brands.
- Grupo Lala: A leading Mexican company focused on dairy products. Lala processes raw milk and produces a wide range of dairy beverages (milk, flavored milk, yogurt drinks) and other dairy goods. They operate an extensive refrigerated production and distribution network vital for their product category. Mexico represents the bulk of their commercialized volume, with total revenues of P$98,987 million in 2023.
- Walmart Mexico (Walmex): The largest retailer in Mexico, operating various formats including Walmart Supercenter, Bodega Aurrerá, and Sam's Club. Walmex is a critical downstream player, representing a major sales channel for nearly all beverage manufacturers. Their purchasing power, extensive store network, and growing e-commerce presence significantly influence beverage sales and distribution strategies [14].
-
Estimates of Volumes and Sizes:
- Overall Market: Total beverage consumption volume estimated at 25 BL in Q3 2024 [1].
- Soft Drinks: Largest category by volume [1]. Bulk/HOD water leads volume within soft drinks [1]. Carbonated soft drinks market projected growth of USD 24.3B (CAGR ~6.4%, 2025-30) [32]. Coca-Cola system historically holds a dominant share (~70% in 2008) [13].
- Alcoholic Beverages: Market value USD 24.3B in 2024, projected to USD 29.9B by 2033 (CAGR 2.37%) [13]. Beer is the dominant sub-category by volume [1]. At-home consumption generated USD 18.45B in 2023, mostly beer [8].
- Beer Market: Production reached 142 million hectoliters in 2023 [13]. Duopoly of Grupo Modelo (AB InBev) and Heineken Mexico controls ~90% market share [14], with Grupo Modelo slightly larger [6, 14]. Mexican beers (Corona, Modelo, Dos Equis) are significant in export markets, particularly the US on-premise [22, 37].
- RTD Alcoholic Beverages: Valued at USD 1.45B in 2023, projected to USD 3.83B by 2035 (CAGR 8.4%) [5].
- Dairy/Alternatives: White milk leads volume in Q3 2024 [1]. Key players: Lala, Nestlé, Alpura [2, 20]. Dairy alternatives market forecast at USD 1,246.7M by 2030 [45].
- Hot Drinks: Hot coffee leads volume in Q3 2024 [1]. Convenience stores are a key channel [8].
- Tequila/Mezcal: Relatively small domestic consumption (~1.2% population for tequila, 0.06% for mezcal) but significant share of spirits (Tequila ~30%, Mezcal ~1.5%) [12]. Official mezcal production grew to nearly 8M liters recently [11]. Significant export value.
- Packaging: Food & beverage industry drives 50% of packaging machinery imports [3]. Total packaging value estimated at USD 22B in 2022 [3].
Commercial Relationships¶
Commercial relationships within the Mexican beverage value chain are characterized by a complex interplay of contractual agreements, strategic partnerships, and market-driven transactions, varying significantly across different stages and players.
- Sourcing Stage: Relationships between beverage manufacturers and raw material suppliers are fundamental. Large producers like KOF, Heineken, or Grupo Modelo often engage in long-term supply contracts with major agricultural producers, cooperatives, or ingredient manufacturers (e.g., sugar refiners, maltsters) to ensure stable supply, consistent quality, and manage price volatility. These contracts specify volumes, quality parameters, delivery schedules, and pricing mechanisms (fixed, indexed, or spot-based). For packaging, relationships with large suppliers like Aluprint or Envases Universales [15] involve high-volume procurement agreements, often demanding customization and just-in-time delivery capabilities. Relationships with water utilities are typically based on regulated tariffs and usage agreements. Smaller producers may rely more on spot market purchases or relationships with local intermediaries.
- Production Stage: The relationship between brand owners and bottlers in the soft drinks segment is defined by the franchise bottling agreement. The Coca-Cola Company and PepsiCo grant exclusive territorial licenses to bottlers like KOF, Arca Continental, and GEPP. These agreements dictate the purchase of concentrate, adherence to stringent quality standards, brand usage rights, marketing contributions, and operational protocols. This creates a highly interdependent relationship. Brewers like Heineken and Grupo Modelo have supplier relationships for brewing ingredients but control production internally. Co-packing relationships are governed by manufacturing service agreements outlining production specifications, volumes, costs, liability, and intellectual property protection.
- Distribution Stage: Large manufacturers with DSD systems maintain direct relationships with potentially millions of retail points of sale. These involve sales agreements, delivery schedules, credit terms, and promotional support. Relationships with large retail chains (Walmart, Soriana, OXXO) are particularly crucial and involve sophisticated negotiations regarding shelf space, pricing, promotional calendars, and logistics coordination (e.g., deliveries to distribution centers vs. direct to store). OXXO's relationship with KOF (both under FEMSA) represents a highly integrated intra-company commercial relationship. Manufacturers may grant exclusive distribution rights to wholesalers for specific territories or channels (e.g., specialized distributors for premium spirits or wines in the on-premise channel). Relationships with 3PL providers are formalized through logistics service contracts specifying scope of work, service level agreements (SLAs), and pricing structures. Import/export activities involve relationships with international buyers/suppliers, freight forwarders, and customs brokers, governed by international trade contracts and shipping agreements.
- Retail Stage: Retailers have procurement relationships with manufacturers or their distributors, involving purchase orders, invoicing, and payment cycles. In the off-premise channel, relationships focus on product assortment, pricing, promotions, and shelf management. Slotting fees (payments for shelf space) can sometimes be part of negotiations with large retailers. In the on-premise channel, relationships between distributors and establishments (bars, restaurants) often involve not just product supply but also support services like draft system installation/maintenance, staff training, and promotional materials. E-commerce involves platform agreements with marketplaces like Amazon or Mercado Libre, payment processing agreements with financial institutions, and service agreements with last-mile delivery partners (unless using in-house delivery).
These relationships are dynamic, influenced by market power, competition, technological changes (like e-commerce growth), and regulatory shifts. Trust, reliability, and efficiency are key factors in maintaining successful commercial ties along the chain.
Bottlenecks and Challenges¶
The Mexican beverage value chain, despite its scale and sophistication, contends with numerous bottlenecks and challenges that can impede efficiency, increase costs, and affect competitiveness.
-
Raw Material Sourcing:
- Agricultural Volatility: Dependence on agricultural inputs makes the chain vulnerable to weather events (droughts, floods), pests, and crop diseases affecting yield and quality. Price fluctuations for commodities like sugar, barley, and agave are a constant challenge, impacting production costs [11].
- Water Stress: Increasing water scarcity in several key agricultural and industrial regions of Mexico poses a significant long-term threat. Competition for water resources and the rising cost of water treatment can constrain growth and increase operational expenses.
- Supply Chain Complexity & Quality Assurance: Managing a diverse and geographically dispersed supplier base for agricultural products, ingredients, and packaging while ensuring consistent quality, traceability, and compliance with food safety standards is inherently complex.
- Sustainable Sourcing: Growing pressure from consumers and regulators to adopt sustainable sourcing practices (water stewardship, deforestation-free supply chains, ethical labor) requires significant investment and changes in procurement strategies. Transitioning to sustainable packaging materials faces cost and availability hurdles [3, 38].
-
Production/Transformation:
- Energy Costs: Beverage production, especially brewing, distillation, pasteurization, and bottling, is energy-intensive. Fluctuations in electricity and natural gas prices directly impact manufacturing costs.
- Infrastructure and Technology: Maintaining operational efficiency requires continuous investment in modernizing production lines, automation, and process optimization. Aging infrastructure in some facilities can lead to lower productivity and higher maintenance costs.
- Regulatory Compliance: Adhering to evolving food safety regulations, environmental standards (emissions, wastewater), and labeling requirements (e.g., front-of-pack warning labels) demands ongoing vigilance and investment.
- Skilled Labor: Accessing and retaining skilled labor for operating sophisticated machinery, quality control, and specialized processes (like brewing or tequila distillation) can be challenging in some regions.
-
Packaging:
- Line Efficiency: Optimizing the speed and reliability of high-speed filling and packaging lines is critical. Downtime due to equipment failure or changeovers can significantly impact output.
- Material Costs and Availability: Fluctuations in the price of packaging materials (PET resin, aluminum, glass) can impact costs. Ensuring a steady supply of desired packaging formats, especially sustainable options, can be challenging.
- Complexity of SKUs: The proliferation of different products, pack sizes, and promotional packaging increases complexity in planning, line scheduling, and inventory management.
-
Distribution:
- Logistical Complexity: Mexico's varied topography, vast distances, and uneven infrastructure quality make nationwide distribution inherently complex and costly. Reaching remote areas and navigating traffic congestion in major cities are significant hurdles.
- Security Risks: Cargo theft and security concerns along transportation routes represent a major challenge, increasing insurance premiums, necessitating security measures, and potentially causing supply disruptions.
- Last-Mile Delivery: Efficiently delivering products to hundreds of thousands of diverse points of sale, from large supermarkets to small 'tienditas', requires optimized routing, fleet management, and significant logistical coordination. This is particularly challenging for refrigerated products.
- Infrastructure Gaps: Limitations in road quality, port capacity (for imports/exports), and reliable cold chain infrastructure in certain areas can create bottlenecks.
-
Retail and Final Consumption:
- Intense Competition: The beverage market is highly competitive across all channels. Manufacturers and distributors face constant pressure on pricing, promotions, and securing shelf space, particularly in modern retail [10, 14].
- Channel Fragmentation: While large chains are important, the traditional channel of small independent stores remains significant but is more complex and costly to serve efficiently.
- Evolving Consumer Preferences: Shifts towards healthier options (low sugar, natural ingredients), functional beverages, craft products, premium offerings, and sustainable packaging require continuous innovation and portfolio adaptation [9, 10].
- Regulatory Pressures: Health-focused regulations, such as taxes on sugar-sweetened beverages and stringent advertising restrictions, directly impact sales volumes, pricing strategies, and marketing activities.
- E-commerce Fulfillment: While growing rapidly, building efficient and profitable e-commerce operations, including warehousing for online orders and managing last-mile delivery partnerships, presents ongoing challenges [12, 34].
Value Chain Relationships and Business Models¶
The intricate web of commercial relationships across the Mexican beverage value chain is facilitated by specific product/service exchanges and underpinned by distinct business models that govern these interactions. Understanding these dynamics reveals how value is created and captured at each stage, while also highlighting potential points of friction or challenge within transactions.
-
Products and Services Exchanged Along the Chain:
- Sourcing to Production: The primary flow consists of physical goods: agricultural commodities (grains, fruits, agave), purified water, specialized ingredients (sweeteners, flavors, acids), and packaging materials (bottles, cans, labels, cartons). Services exchanged include agricultural services, water treatment, ingredient formulation support, quality testing, and transportation of raw materials.
- Production to Packaging: Intermediate products like concentrates flow from specialized facilities to bottlers. The main output is finished, unpackaged beverages. Services involve the co-packing service itself if outsourced.
- Packaging to Distribution: The core product exchanged is finished, packaged beverages (bottles, cans, etc.), typically grouped into cases and palletized units. Services exchanged include the physical packaging activities (filling, sealing, labeling) and associated quality control.
- Distribution to Retail: Palletized or cased packaged beverages are the main product flow. Services are central here: warehousing, inventory management, transportation (line haul and local delivery), order fulfillment, and wholesale sales services. For exports/imports, customs brokerage and international freight services are key.
- Retail to Consumer: Individual packaged beverage units (single cans, bottles, multi-packs) are exchanged in off-premise channels. In on-premise, the product is often a prepared and served drink. Services include retail merchandising, refrigeration, point-of-sale transaction processing, online ordering interfaces, delivery coordination (e-commerce), and hospitality services (on-premise).
-
Business Models Used in Relationships Between Players:
- Franchise Bottling Model: Dominant in soft drinks (Coca-Cola, PepsiCo). Brand owners license territories and sell concentrate to independent bottlers (KOF, Arca, GEPP) who invest in production, packaging, and distribution infrastructure. This model allows brand owners rapid market penetration with less capital investment, while bottlers leverage established brands and operational scale. Transactional challenges can arise from negotiations over concentrate pricing, territorial rights, and marketing support levels.
- Vertically Integrated Production & Distribution Model: Common among major brewers (Heineken, Grupo Modelo) and some large domestic players. Companies control most steps from brewing/production through packaging and distribution via extensive owned networks (DSD). This provides greater control over quality, costs, and market execution but requires significant capital investment in infrastructure. Transactional bottlenecks can occur internally due to inefficiencies in coordinating production schedules with distribution needs or managing large, complex logistics operations.
- B2B Supply Chain Model: Governs relationships between manufacturers and suppliers of ingredients and packaging, and between distributors and retailers/on-premise operators. Based on negotiated contracts, purchase orders, and established credit terms. Models range from long-term strategic partnerships to more transactional, volume-based purchasing. Challenges include managing supplier reliability, price volatility for inputs, and ensuring efficient order processing and delivery between distributors and the multitude of retail points.
- Wholesale Distribution Model: Intermediaries purchase large volumes from manufacturers and resell smaller quantities to retailers, particularly smaller independent stores and on-premise accounts. Wholesalers add value through storage, breaking bulk, local delivery, and providing credit. This model extends reach but adds a layer to the chain, potentially increasing final prices. Bottlenecks can occur if wholesalers lack sufficient inventory or efficient delivery capacity.
- Retail Sales Models: Diverse models including high-volume/low-margin (supermarkets, warehouse clubs), high-convenience/higher-margin (convenience stores), specialized offerings (liquor stores), and service-oriented (on-premise). E-commerce utilizes platform models (marketplaces) or direct-to-consumer online models, often relying on third-party logistics for fulfillment. Transactional challenges involve managing inventory across diverse channels, optimizing pricing and promotions, and ensuring seamless online order fulfillment and delivery.
- Co-Packing/Co-Manufacturing Model: Brands outsource production and/or packaging to specialized companies. This allows brands (especially smaller ones or those launching new products) to access manufacturing capacity without large capital investment. The model relies on clear service level agreements. Transactional friction can arise over quality control, production scheduling conflicts, and cost negotiations.
-
Main Bottlenecks and Challenges in Transactions:
- Information Asymmetry: Lack of real-time visibility across the supply chain (e.g., between retailers' actual sales and manufacturers' production planning) can lead to inventory imbalances (stockouts or overstocking).
- Logistical Inefficiencies: Delays in transportation, inefficient warehousing, or poor coordination between production, distribution, and retail demand can disrupt the flow of goods and increase costs. Security issues add risk and cost to the physical transaction of moving goods.
- Payment Cycles and Credit Risk: Managing credit terms and ensuring timely payments between distributors, wholesalers, and a vast number of small retailers can be challenging and impact cash flow.
- Contract Negotiation and Enforcement: Defining terms (price, volume, quality, service levels) in contracts between powerful players (e.g., large retailers and manufacturers) can be complex. Ensuring compliance and resolving disputes adds transactional costs.
- Complexity Management: Handling the vast number of SKUs, promotional variations, and diverse channel requirements adds complexity to ordering, fulfillment, and invoicing processes.
- Reverse Logistics: Managing the return of unsold or damaged goods, and particularly the collection and recycling of packaging (e.g., returnable bottles, PET), adds complexity and cost to the transactional flow.
Conclusion¶
The value chain of the beverage industry in Mexico is a complex, high-volume system characterized by the significant influence of large multinational and domestic corporations, particularly within the dominant soft drink and beer segments. From the diverse sourcing of agricultural inputs, water, and packaging materials, through sophisticated production, packaging, and extensive distribution networks, to the multi-channel retail environment including traditional trade, modern supermarkets, ubiquitous convenience stores, on-premise establishments, and burgeoning e-commerce platforms, the chain demonstrates considerable scale and integration. Key players like FEMSA/KOF, Arca Continental, Heineken Mexico, Grupo Modelo, and GEPP leverage vertically integrated elements and sophisticated logistics, particularly Direct Store Delivery systems, to maintain market dominance.
Despite its strengths, the industry faces substantial challenges across the value chain. Volatility in raw material costs and availability, particularly water scarcity, pose significant risks. Logistical complexities inherent in Mexico's geography, coupled with security concerns, add cost and inefficiency to distribution. Intense competition in the retail landscape, evolving consumer demands favouring health, wellness, and sustainability, and persistent regulatory pressures (e.g., taxes, labeling) require constant adaptation and innovation from all players. The effective management of intricate commercial relationships, governed by models ranging from franchise agreements to complex B2B supply contracts and diverse retail approaches, is critical for success.
Further research could delve deeper into specific segments, such as the rapidly growing craft beer and RTD markets, or the economics and environmental impact of different packaging formats and recycling initiatives within Mexico. Analyzing the specific impacts of recent regulations (like warning labels or soda taxes) on consumption patterns and industry responses would also provide valuable insights. Additionally, a more granular study of the traditional 'tiendita' channel and its role in beverage distribution and community economics could yield important findings. Addressing the identified bottlenecks, particularly in logistics, sustainability, and adapting to digital transformation, will be crucial for the continued growth and resilience of the Mexican beverage industry.
References¶
- Mexico Beverages Consumption Trends and Forecasts Tracker, Q3 2024 - GlobalData. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqALvNb-KIgIGKw36blKSz2NegMrywj3OorZNMtu2TApo6D4TE-aARc1O0fzKfhA9YZBjn5E-qaoMGwHa5pjIDlNOYH6WYIQa8T0dTIDwSR-xeTaVY99Sc11SsF1yxMXJB_ATLtoSmJuXGEBcz2DqO3WbE9HhcCd0nloS9-F06OAs44tuFs_lgY7GOw
- Dairy Products and Alternatives in Mexico | Market Research Report | Euromonitor. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAK8ZlbEBmaQLpvFKVqtawHc7nONDCjD8YPWr805llvBQ4iez9vB2-0lIq9_86QSQNsEUZk1GrYLt6Vc-jqSOnxDd2eoBzRpn-41z-AeytlJdTqg6uVyZ-s6rugsx6h0Khf6JQtFP0PJvNxQMDSYoHVNJaaE8vngWeCxeWMta_vQw8tq
- Mexico - Packaging Machinery Industry - International Trade Administration. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAIVa1RetNZjwWMIYNa6xlvAqtalXmbTOB4bt2NPZDFkOAE6WmXIyKF9Ay1c4lmuGoCwXrsgTzWywqMsAi9lF3Dbtidj-3dqJ6h5s3fzq86fndZC0GzGAiVOxXOI3cKXyXAR09f1sE6dm1cMjO5gWL6jOObbvk38WnpZp4OPFMCoBVDni-wjnV4GPw==
- Pulque, a Traditional Mexican Alcoholic Fermented Beverage: Historical, Microbiological, and Technical Aspects - Frontiers. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAK8w-EarheBUo6r5c3Og46lAE1v7Lah6xvCrzmPjoubwFN0Bj3c4eFR4GLXsTU7VczncdYeFhU2HwyVJRQMVvj2oKsiv2919DXBG6Xil4bUjQgIL32F6w1QiRJEokSDAseOFF43T3vWQxQk1s0nOcJavY74ASEIM_fJE7Uckfrb7N0LzveWsuYkrpx4i_QG
- Mexico RTD Alcoholic Beverages Market Size, Share, Trends, 2035. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAL6L0bK8_m6DJGu2rp4SWHCkLjrOcuilr6mCaIu5IJ56GEZ_sDcmE4LU7AW2b2JOUTDrnDl80e2Rp6rVK_NNcfNGEjM4vdW1il9QjE4pEL76UHKQr80aYF1kX0aKLCEe59EOx8u1SjaALVKEF2MS79Sj-2u2XwInB-q3tqyFX_COCtN9ffKANkjnYeDEIlP
- Value chain of the brewing industry in Mexico. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAIh09GIqG9bIwsuFhaxP4hFJLi4EYxbAxw8ZwVOI19pA9O7NzgdpHx9laf6TlKfkC_WJnhtY9btTUfV6J8GRf7JBQx2OT3UIHy9HTmjDZBGvdz5DpeVgSnRQnJXjBMjSqhQFmiZXU3R3A-CiFchEPypmeRMSUnvcXOigJfXeQ0ZO1Zk81m58fXBjf4mxt3kklJGzA==
- Cadena de valor de la industria cervecera en México - ResearchGate. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAIA2ig0jaLDng1OnEx9cNVogE9oMdZndk5gLQHJXSKF1C7zyERuWePuWAujcBBbfdBzWGuSKmtiASwId1U2kpi6i9jyOppp8fdjEkPRTqpUEY-WDAgIeAbih3fV4K0ZjaYlDgQf_bFh8sN-N0kEH5EZo5_bGq-JBfy5t1lGrL8ycS8rd5mRdRDt2U09SkYMNxi2cjKBAu-mBHPy6o=
- Mexico Hot drinks Market Size by Categories, Distribution Channel, Market Share and Forecast, 2021-2026 - GlobalData. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAJ4OGQoKsXbY1yvlnwKJ9P04wn2VxGt3daK7Zr7uZp-GxgzZcNUFuWGdKL0aCRKrSCYwwNX3AorL5xCl93iZXz15G6TfIxP4guEZojtJMyl84fPkUtA2qCyFdO7hIQ7Zdz_LrniQIeHstXJWtgqB7PFUmUCbQTyecOyS13suUz6eg==
- Mexico Functional Beverage Market Overview, 2030 - Bonafide Research. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAK4s8YuZnF1lDIv1NgBoxrYQe0u2MOC8jix0FFd365RiQg02nc4i_3rS5hO7IYscTsvs63rxDv1S_bgCTu-Y8Vez6CKKCWkEKJsms1nvfT0k7ZzQPgFEYKiSBHq2gCQJRkR4W_TfIZhY5V7qOD-8Ptioton0BEGES8kUGW2_Y6lh0pL-oriEpv4EG-4J
- Soft Drinks in Mexico | Market Research Report | Euromonitor. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAK9Fs2iMV3KH7eTB8Yj6pWaI8kDjkW5uXcrzSQTgENCEMtyA-Mqk40AI_ooXGg_U-aPY1aW2eoLdFCc5ZsG61-JlBBhVcsXzYucGtQBdsD8Di5Db2jhVPWMtLV26JnJq1K43ON2WI_ge3aa32K4Lg==
- Mezcal Production in Mexico: Between Tradition and Commercial Exploitation - Frontiers. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAIOq9rWYq2hcaqLXvyfemMt9LHJwcT7KAfih5JGaoVAr78SEJmleZrYB_OUQKkQVzhaZTSj_iM2ccsS-V3LHhXv0uCVgZIMHufin3XLyzwFW68uaSuomC99oSC24ahvgpWrtd6F7OKOYYsa3QAYzbAAF7LPaRNJ5f2ChGjTK0C1lvJMkeEYxyj6ubJX4zNFsR5Gif_MiVJyoZMkxA==
- Mexico E-commerce Market Analysis | Growth Forecast, Size & Industry Report Insights. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAJOWkHV4-_po5hYu4gz5HouzQJ0D3D7QwuzUAMjvk4PtGQRblWk8XFRQutWlwuQbtb1eT_IEXNe1dWEkkw6rMM3AsIWP98HTwJd_wA-FTSOdg0xLcek01eu0fE7SGDNSKHhnjgqryyAsnnSOBrMyxef_2RfDP_tfXBjizwvDIK8m-k=
- Mexico Alcoholic Beverages Market 2033 - IMARC Group. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqALUG_eKbTklW0ll-rVVg0dYEH5RQqENcci9oM89BgGUz2zbSz12BIr8lMQ76f8tS3V31xYLhFbEC-tn-ImIRjpBVHX4tdxRGSRBxlVpPswtcO1h8VetAXgnYU9TBDU0L8rzwPpNduIQZabhjlHEryt3Ho=
- Beer in Mexico - Wikipedia. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqALJYrezP48aF88YXSUeZpwDebHPJL7UdZW07RPGFSQb-2QcrDQy5Nao58cOpbByn0LIDEjYxteS4xhrJi8Y_0Xx4mwVEOnCQ2Z8lWScdi_LAkQTex42tluf9df39Gj6Tk0Wig==
- Top 5 Flexible Packaging Companies in Mexico - China Guangdong Jinke Printing Co., Ltd.. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAKFgyGr6XKfac6PwcQR9f-IGLNIveH5aZwU7iwNF54BTOFfrjxG-_SjMDf7mhjcHsNjjSDeeAjqXpznE8hG8XOxjfNMwpaeWeVuPteKmQhy_nMQBdCtxs7D5lic2FY6mGtD_rn1tIlEaWlAtSt22q5I8547pSvl0LBPag==
- Mexico Retail Sector Market Competitive Analysis, Share, Forecast to 2030. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAJ4jZEfKbGhaIz4hbmrMVdM98nPTEXqAgYa3Z7tlIIw_aR8mSXPTEWiAPUJY-9Mcc3yVrRmovXasXGatwronEXqzYmvVp9eGdaDxmGSep0lM9aSOLjnrscZo-2i7vlbDrww9xjt4ynAoUWokl20BXgZk7xuY4kVb0MIpTow
- Carbonated Soft Drinks in Mexico (2024) – Market Sizes - Mintel Store. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAJPRJfltRYYkqT7tXNr9WaAPdgF6xPbqwP6f4e5LHW1tWdfuSihq-ZMI_tQ0wWMAxEdRttETU8SFhkhb497nugdMS9kCUEoqGA9ix1OzED1xbRe6efEu5nZDqhaNivoOlwX1pHWytOITf92bnIMkJMz19zKg7hvOzzUcXgd4Lz9YxozhDaJR03T
- Mexico Beer and Cider Market Analysis by Category and Segment, Company and Brand, Price, Packaging and Consumer Insights - GlobalData. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAL1J8TBKtbuBFuLbtTHW9HWH0MngeBxr2oNpM-8_LhijFOf14TEfxOjNbeOkUFTpvXHLUHnRb9xjfeuoSTkEcDXfU1qN1WMJQzi2rOqhD7cxVHGJm4CpL1qFvqNSPaNmsKfUA18jh9Bq5lCB327oa8bHDJniTGTk0M6xqOyyMm122ubQeA=
- Beer in Mexico (2024) – Market Sizes - Market size data - retail sales value - Mintel Store. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAKkKe5XIlJ9KSRKQDLI9rB_HPXFwdFKo2eBJob-3FtYAqcXM63Q7KYFgJpGKL0DWeS7kfVAxAWBRjCGfF4BptASzN5o32OKB_P8gOVF_nEZ0r5lWgUXLXxwmSpkeUI8JJGDl5vqU8RK47e-Sfa2gYjsfZLBjOpZ
- Top 10 milk import companies in Mexico - EssFeed. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAKhwUttSPo9A_rPa6Cj13JTU4LRzkQnQ-NjBASFn9IfFTrtpv71unnr4vgZ5w0rL-oH7vFBxSYieofNxb1aucgOD8YjA80P8dZChliqowKp2c1ZEDgOve_r_nuvg-NETHYh1_uuMPO4CN7-u6he9nrGEM_oeh-J9d-X9zWX2SHGxR8DtjR30O34UG8L6ulu4-UQqyy87_RaGg==
- Mexico Packaging Market - Size, Share & Industry Analysis - Mordor Intelligence. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAJmMjIGqGXSDDmM7uCH1wWFJHbFmY4a_ZrZeT-fEu5OkfwffV2y9MnUNP9acTrdelE_P4334mR2dtj6fArG4uhzP5LOy9hJt0YmN8yunN6TYam_JtOhQgmPFZ3noRuzLV09T4mlhuJPbkiA2JBObYadCWJGBvcXPSmquiH4jY9r9tVQt_QdTw==
- Corona is Beating Out Modelo at On-Premise Venues - Union. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAJmnsrZXFD2N4g8Ny3Kjux2BGNY64leM88QpwqG2FV3gm2tuurXfeSpqa9TAlwQmBUEDDvNl3iYWQUZ9-xNa6dS7Yhee0_yL0dbnHubLyKXKX9b3-_u-LWj51fiAWqmfX61PJ-_zEt_mRdIWO-EljIjSIibno4RgzwHCEyZJavJw9nBhRNMqOKMjLJGDwM=
- Mexico, | Craft Beer & Brewing. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAJWZXPHOB_BvT5VJ4inWb9Y1PjSCKTS8CEvA-ouKo5ZhegkyueqiqRBzLTgYJKthTnhvEItmlzgSnlj3gaT8gq7-qgilqCK5cbjQ4b4wwIStT7ASksmvfvzRd2e_u50FQg0WmLnoGtT
- Mexico's dairy sector remains resilient - Dairy Global. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAICaourIaGZlrNcbPO3EgavKQCLKzPjZj5LILmaHPh3gKtAH_2PmwIcH5IxYXhGgshAF6yyu0uYt2_uY3Kde3hX0pEDLhTnwY7mW6W8Oo2ihCZ4grhIfbUb833zOhcOA3S_xwDwxibwJkzto6NQnXzedthm0wl7295ROSwfejKYxlEkP7pKKLkGiglzOvkB0Kx_A60pb-WM4h3i6SE=
- Packaging Industry in Mexico Top Companies - Mordor Intelligence. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAIJwskSIb5ZomhM5Va3oazJwHDoXpzDBReUJq0UpjOPQb0ZIlQnmz3L9FUekIE1HIGh719KyYSq3uje5yJZhjNHqSNFBo2iQl9sr7Ij6-xML5LjoM_n-WJHaTwrFoIaHgitvIbL8izcazMg2CvtB2XxUixkB6IKbt8dFEi6I2hIAbznLa_BkT3S7U6WS1jpXbc=
- Making Tequila - Casa Sauza. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqALq4ZeWfVfL8W5trpkXqR5thNs-LEmukAl90LHpZLg0ORY4cLzBAMWdRWoZUCAaW0lfB_PhkY9EImsi_CYeiMXlxMW-vNZv8WpaMgPLUaE7MDpJbOVYuY4rq7AmL4DJL3la
- Traditional Fermented Beverages of Mexico: A Biocultural Unseen Foodscape - MDPI. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAJCGBBbmkN7Z_XwyRGL6Yyixen16NEncpgrS-X1XQ5bYGzAMC4kHN_PKe8L9WfHlvGCvrGOzouM1ekkQDg3i867zEQKogh4BC85KeWkVAwGByFCU2PBx5-7r9PJHwXnEw==
- Mexico is the number one consumer of Coca-Cola in the world, with an average of 225 litres per person - SMIGROUP. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAIZFdCF5p5hqNns1HaDjY09ZyYq0oWBH7MVPs0YJcXiW6lTS1AIsbt0jIY_OQhIiph1WJt7BHkaFTjQ1jy23GEwayT2Vgt7bOFv_UyW2HcIRy3WiIsKRum7Jfxmubar0YJ2w7_CcOoChSGggHY=
- Mexico Retail Market Size, Share, Trends and Forecast 2033 - IMARC Group. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAJfoSEEFIDIlelfhUTeuAZr7KliiA2n6MkaOjFQAJmBvwTW5hK4EFdYd54u3nX_cy1G-JfsViAAen9U8O6ekODi02ujV2ul6mrVdMYl5qP3lBKqiMYvCshI-1pudOA4zXnYQ1bBoQ==
- E-commerce Calendar 2025: Key Dates in Mexico - YaVendió!. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqALp9PDNa6uNIw6gP1h-m6embfG80Lusj6cSs4uCAiYh3C7jy4dbKmeSnl3E5RWbIbwZTc4zoib91tfUQYg85B6zP4K_REsFBXbj2h-apeiTaHHgjalDNJl-FRGHHExB2uc3xEf7TouNI9zHGqRg
- Opportunities for growth in Mexico's On Premise - CGA Strategy. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAKYuo0DkAfO7JNxLjzxWRR8eI4OPN3OotXh7X5QbaAKOOQJ9xCb40uZ76OVqL4akFrGRzlltYMaJklLeQydAgZOJV-lHxiQQsWpGj8UfT0fuhBzRZ2x787PLz8w_E0QqRP__6aOJFKi6uRIUub3chYRXB6FiYppUHCYayBwfA==
- Mexico Soft Drinks Market 2025 - StrategyHelix. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAI3mIL2OZAmaQ-u5GagBKxFd9JiGXb6fvTYt5E0v1pth-Hdbo51JvvTQY580n0Y39bJjF3Rse8Fr4CwBVZmkKIg7UK5skP98AupWPrT6cR9EpUjeCFqvhhqmgx6dlL9LXgzXoj4JDgMM5W0ErtVVDh5f552Nvag
- Beer production in the food & beverage industry | KROHNE Mexico. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAJ31NFTnb3SspAMoFoai1QuQyPLSXpOz08KrCilxG5ElkdT-qITlcGKYyCIOUSZGJP_tS7z2fu8pQPfXyAVdODAY0RXblOKUrMsMiGuXuU1a6L9T4HV2TWn0Dd0j6Ds-AI_1jvKqLNRH4Id0Oxdt9abT4O6M0t-rEJ9USjsU3h3MkOidrAb_pg3Oxj1SKoZd_BMuCoyIvzO
- Country Profile: The Guide to Ecommerce in Mexico. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAJbedfVtZfR04Uqr-aKT5m8IOZJkYsRIhO6vlvwkTxKvZPkCA3YiFPye-gpKdC76AOoxWIn6ROuB40ZeuZ2trd9udCtLoefLxoSZIxcT0o4xfIhfOUsyKFU4AJIpN0_1bZg6FP-Q==
- Report Name: Food Processing Ingredients - USDA Foreign Agricultural Service. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqALJ1lUvZIbY5y7ZAkXj7DYlxeeKBDdqbm79z_1WEC-DC-P6z9L6Z9UFY7s9r-BqFKE0RPa0MChmgrU6uUH41U0qNJeREHATXVxHw2qxEevEacC7XaN4JE3_oRVMhgQSG-JZtVtMQeR1r0VFm4NrGbQfSJDgKQjHD3_iRjwocIkHE92ERY-ijA8m7wZdNLtzHwCWmuaWMoiwTIjSyRqcgOeHKps2oOZpBJVDDfRWn2-SZjG1_kdforM0NIU3eN_WLikd-WAB5Ht3KWyy0JtOvVM=
- Tariffs on Mexican and Canadian Wine and Spirits Place 21% of the U.S. Beverage Alcohol Marketplace at Risk, Threaten 17,000 American Jobs | WSWA. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAJeOxS6DDPgmgm_QavahoAufGbC_r8iP1HJk0vU-2EtUXorrAIgeyxt1Haj-DwNG67gf-YafFgq3yERtLplGEqYzVfrXV_PiJw4WjTzsbugdU7VftJ6eTyP4--7z8723uUmFF9P2OD_JEOSJfsqJU1a0vBj1WGGJpoFp8PG24AFGzTas7iC4EbMWNWs7v2I0gTQpJKPrfn9hXtbYn2GoF2NwZV3cKb1wMyBa_s=
- Ordering Data Shows that Corona is the Best-Selling Mexican Beer On-Premise | Union. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAIlbXJw5aBxxqWwTlh6vdabZwcYhi5A0iUyuDeAWyEoOPxSHaZgyJukqkVEW9RXAkS_OM-8PitBxnqX1PmEzLeDk0xlgV8IRzERB3GR1vrOqimdsni8x7oUeICIbkW_iSPeYZDPsa7rBGincOqeWCF3YYUi3xpyAwF9u-Gi8OBE_OS1B7yj9vccpKHROxJ-2GEbnsgUdEXq4WxXRmPy
- Top 10 Recyclable Flexible Packaging Companies in Mexico - Longdapac. https://vertexaisearch.cloud.google.com/grounding-api-redirect/AWQVqAJUTMYys8ayHh36QBKE-0SYzyHHcFvB_FLoPXLZaJOeILXxXzy_HrmygFEHyBqScRcel3Sj1p07joC7VzLVXdjJy5ooSs04gWAUrreIfT5HTAuTQlaL3DYt326uvMaF7Am8vsaus4E099EiAbVlBJpe5A0MFrRVSDXvX2EbbyF2m8uiq89J
- Mexico Dairy Alternatives Market Outlook, 2030 - Bonafide Research (Reference mentioned in text but URL not provided in source)