The market size value per capita for flours, meals, and pellets of seafood in Spain has shown a gradual increase from 2013 to 2023, reaching 2.71 Euros per capita in 2023. This represents a notable rise compared to 2013's figure of 1.74 Euros per capita.
Year-on-year, there has been a consistent increase of around 5.4% over the last two years. The compound annual growth rate (CAGR) over the last five years stands at approximately 3.5%, indicating steady growth in consumer spending on these products.
Future trends to watch for include potential impacts of sustainability trends and dietary lifestyle changes, which could either spur further growth depending on consumer preferences or create market headwinds, influencing the market trajectory significantly.
