From 2024 to 2028, the turnover in Spain for homogenized food preparations and dietetic food is expected to decrease consistently, starting from 736.7 million Euros in 2024 and dropping to 688.2 million Euros by 2028. Comparing the trend from 2023, which stood at 749 million Euros, the sector witnessed a year-on-year decline. From 2023 to 2024, the turnover decreased by 1.6%, setting a continuous downward trend with each subsequent year. The trend from 2024 forecast to 2028 indicates an average annual decrease of approximately 1.7%, referred to as the Compound Annual Growth Rate (CAGR).
The consistent decline in turnover suggests possible market saturation or shifting consumer preferences. Future trends to watch for include innovations in dietetic product formulations, regulatory changes impacting ingredient usage, and evolving consumer health trends favoring organic and minimally processed options. Monitoring these factors will be crucial for anticipating market dynamics and identifying growth opportunities.