In 2023, the sold production of wheat groats and meal in Spain stood at 153.44 Million Euros. Over the past two years, there were fluctuations with a -6.65% variation in 2022 followed by a 3.61% increase in 2023. Over the previous five years, the CAGR was at 7.01%, indicating a healthy growth trajectory.

Future trends to watch for:

From 2024 onward, the market is expected to grow steadily, with forecasts predicting an average annual growth rate (CAGR) of 2.48% over the next five years.
By 2028, the market is projected to achieve a 13% growth rate from its 2023 level, resulting in a value of 179.37 Million Euros.
Factors to monitor include potential impacts of climate change on wheat production, technological advancements in agriculture, and changing dietary preferences.