The seafood market size volume in Spain showed fluctuations over the past decade. From 2013 to 2016, there was a growth trend, peaking at 1.3407 billion kilograms in 2015. However, a significant decline occurred in 2017. Although there was a slight recovery through 2021, the volume remained lower compared to earlier years. As of 2023, the seafood market volume stood at 1.0392 billion kilograms, reflecting a continuation of year-on-year decreases in recent years. Over the last five years ending in 2023, the average annual variation stood at -1.62%, indicating a decline.
Looking ahead, the forecast suggests a continued gradual decline in the seafood volume market in Spain, with a projected compound annual growth rate (CAGR) of -1.33% from 2024 to 2028. This would result in an overall decrease of 6.46% in market size by 2028.
Key future trends to watch for include:
- Changes in consumer preferences towards alternative proteins.
- Impact of sustainability and environmental concerns on seafood consumption.
- Potential regulatory changes affecting the seafood industry.
