The turnover of Restaurants and Mobile Food Service Activities in Spain has experienced significant fluctuations from 2013 to 2023. Initially, there was a declining trend from 2013, but the market quickly rebounded starting in 2015 with steady growth reaching €31.92 billion in 2023. The year 2020 saw a dramatic decline due to the COVID-19 pandemic, with a 40.79% decrease. However, recovery started in 2021 with an impressive 42.02% increase and continued to grow through 2023 by 12.45%, with a Compound Annual Growth Rate (CAGR) of 4.12% over the past five years.
Forecast from 2024 to 2028 indicates a more stable and slower growth trend, with a forecasted CAGR of 1.14% and an overall forecasted growth rate of 5.84% over the next five years. By 2028, the turnover is expected to reach approximately €34.64 billion.
Future trends to watch for include potential impacts of economic fluctuations, changing consumer preferences towards healthier or more sustainable dining options, and the continued integration of digital technologies in restaurant operations and customer interactions.
