Forecast: Number of Persons Employed in Bakery Products Sector in Spain

The number of persons employed in the bakery products sector in Spain has shown a general uptrend from 2013 to 2023. In 2023, the sector employed 98.05 thousand people, reflecting a slight increase of 1.2% year-on-year. The compound annual growth rate (CAGR) over the last five years was 1.01%. Over the forecast period from 2024 to 2028, the CAGR is expected to be 0.89%, with a total growth rate of 4.54% by 2028, reaching 103.71 thousand employees.

A closer look at the trends over the past years indicates consistent growth, with some fluctuations. The period between 2016 and 2018 showed significant increases, whereas growth rates softened slightly afterward. Over the last two years, the sector experienced modest year-on-year variations of 1.23% and 1.2% respectively.

Looking forward, trends to watch for include potential impacts of automation, changes in consumer preferences towards healthier options, and the influence of economic factors on employment. Sustainability practices and innovation in the bakery sector could also shape future employment needs.

• Employment was 98.05 thousand (employees) in 2023
• Current and forecast growth is modest, maintaining a steady increase
• Future trends include automation, consumer preference shifts, and economic influences
• Sustainability and innovation will also play crucial roles in shaping employment dynamics