The Spanish dried grape market experienced notable fluctuations from 2013 to 2023. Beginning with a significant drop in 2013 and steadily decreasing until 2014, the trend reversed with substantial growth in 2015. Thereafter, the market saw slight ups and downs, achieving gradual increases in successive years. Notably, 2023 marked a solid position with dried grape production valued at 9.25 million Euros. Over the last five years, the Compound Annual Growth Rate (CAGR) averaged 0.69%, indicating a modest upward progression.
Moving forward, the forecast for 2024 to 2028 suggests a steady incline, with the market expected to reach 9.56 million Euros by 2028. This growth is supported by a forecast 5-year CAGR of 0.52%, demonstrating a relatively stable market outlook. Future trends to monitor include advancements in grape drying techniques, fluctuating agricultural yields, and shifts in consumer preferences towards healthy snacking which can influence market dynamics.
