In the period from 2013 to 2023, the production value in the fruit and vegetable processing sector in Spain showed a consistent upward trend, increasing from 7.77 Billion Euros in 2013 to 11.78 Billion Euros in 2023. This reflects a compound annual growth rate (CAGR) of 3.32% over the last five years. Year-on-year variations showed peaks, such as a 14.4% increase in 2014, while other years experienced more modest growth. The last two years before 2023 saw a year-on-year growth of approximately 2.72%.
Looking ahead, the forecast for 2024 and beyond anticipates continued growth, with production value expected to reach 13.29 Billion Euros in 2028. The forecasted CAGR for the next five years is about 1.92%, indicating a slightly slower growth rate compared to the past decade. However, the cumulative growth rate over the next five years is predicted to be 9.95%.
Future trends to watch for include technological advancements in processing, shifts in consumer preferences towards more health-conscious and organic products, and the impact of global trade policies on the sector. Additionally, sustainability practices and climate change adaptation strategies will likely play crucial roles in shaping the industry’s future landscape.
