Forecast: Turnover in Restaurants and Mobile Food Service Activities Sector in Spain

In the period from 2013 to 2019, the turnover in the Restaurants and Mobile Food Service Activities sector in Spain showed steady growth, reaching 28.06 billion euros in 2019. However, the COVID-19 pandemic caused a significant drop in 2020, with a 40.79% year-on-year decline. Post-pandemic recovery was strong, with a substantial increase in 2021 and 2022, culminating in a turnover of 31.92 billion euros in 2023, indicating a 12.45% year-on-year increase.

Forecasts from 2024 to 2028 suggest that the sector will continue to grow, albeit at a slower pace. The forecasted average annual growth rate over the next five years is 1.14%, leading to a projected turnover of 34.64 billion euros by 2028.

Future trends to watch for:

• Technological advancements in mobile food services and online ordering.
• Changes in consumer behavior post-pandemic, favoring outdoor and home-based consumption.
• Economic factors such as inflation and disposable income influencing spending on dining out.