Key Market Indicators
Spain's food expenditures are projected to climb to approximately €103 billion by 2028, up from €95 billion in 2023. This marks an average annual growth rate of 1.2%. Since the turn of the millennium, Spanish demand for food has seen a yearly increase of 2.8%, reflecting a steady rise in consumer spending in the sector. On the sales front, Spanish food sales are anticipated to reach nearly €121 billion by 2028, rising from €114 billion in 2023. This represents a compound annual growth rate (CAGR) of 1%. Since 2010, the Spanish food market has experienced an average annual growth of 1.5%. This upward trend underscores the sector's resilience and expanding market dynamics over the past decade.
