Mexico: largest food and beverage companies 2023, by sales revenue

In 2023, Grupo Bimbo was the Mexican food company with the largest net revenue, attaining a value of over 399 billion Mexican pesos. Ranking second was the Mexican subsidiary of Coca-Cola, Coca-Cola FEMSA, with a value of over 245 billion Mexican pesos. Arca Continental, which is a beverage producer and distributer under the Coca Cola Company, followed with over 213 billion Mexican pesos.

Grupo Bimbo is a multinational bakery product manufacturing company present in more than 30 countries. It offers various products that range from sweet bread and pastries to Mexican staples, such as tortillas, to whole grain options targeted towards consumers interested in healthier options. In 2023, Bimbo generated over 400 billion Mexican pesos in net sales, and it was considered the leading food brand in Mexico in terms of consumer reach.

The Coca-Cola Company’s presence in Mexico is wide and strong. The company operates many production facilities and bottling plants in the country, and its distribution network extends from busy cities to rural and remote locations. The most consumed products include the flagship Coca-Cola classic, as well as other carbonated drinks, fruit juice, and bottled water. Sparkling beverages account for most of the company’s sales and for the biggest share of the total soft drinks market revenue in the country.