The sold production of frozen vegetables in Spain has shown a consistent upward trend from 2013 to 2023. In 2023, this figure stood at 1384.8 million kilograms. Analyzing the year-on-year percentage variations, the market has experienced fluctuations with notable growth peaks, such as in 2016 (19.5%) and 2018 (11.73%), alongside some periods of modest growth or slight decline, like in 2017 (-2.61%). The most recent years have maintained a positive trajectory with 5.12% and 4.82% growth in 2022 and 2023, respectively. The five-year compound annual growth rate (CAGR) stands at 4.72% for 2023. Forecasts indicate continued growth with a projected 3.19% CAGR from 2024 to 2028 and an overall growth rate of 16.99% for that period.
Future trends to watch for in this market include advancements in freezing technology, increasing consumer demand for convenient and healthy food options, and potential impacts of sustainability practices on production processes.
