Analysis of the Dried Fish Market in Spain reveals a steady decline in volume per capita from 2013 to 2023, showing a decrease from 0.84 kilograms in 2013 to 0.58 kilograms in 2023. The most notable decline occurred between 2015 and 2023, with a compound annual growth rate (CAGR) of approximately -5.20% over the last five years. Compared year-on-year from 2022 to 2023, the market shrunk by about 3.33%. The overall trend indicates a continuous decrease in per capita consumption, suggesting a declining popularity of dried fish in the Spanish market.
Future trends to watch for:
- Potential resurgence due to increasing awareness of sustainable and traditional foods.
- Impact of rising health consciousness shifting consumer preferences towards fresh fish alternatives.
- Technological advancements in processing may enhance product appeal and market potential.
