Forecast: Production in Bakery Products Sector in Spain

From 2013 to 2023, the production in Spain's bakery products sector has shown a general upward trend, increasing from 6.65 billion Euros in 2013 to 8.86 billion Euros in 2023. The sector has seen oscillations with year-on-year variations ranging from -6.5% in 2020, influenced by disruptions such as the pandemic, to highs of 9.58% in 2015. The average annual growth rate (CAGR) over the last five years up to 2023 stood at 0.49%.

Looking forward from 2024 to 2028, the forecast indicates a steady growth, with the production expected to reach 9.59 billion Euros by 2028. The forecasted CAGR of 1.26% suggests a more stable growth pattern compared to recent years.

Future trends to watch for include:

• Increasing consumer preference for healthier and artisanal bakery products.
• Innovations in product offerings driven by dietary needs such as gluten-free and low-carb options.
• Technological advancements in production processes to enhance efficiency and sustainability.