The wheat groats and meal market size per capita in Spain remained steady at €2.68 in 2023, representing no fluctuations from 2021 and 2022. Over the last two years, the year-on-year variation was negligible, maintaining stability. From 2018 to 2023, the compound annual growth rate (CAGR) was approximately flat, indicating a stagnant market during this period. This trend reflects consistent consumer behavior and stable demand relative to other years.
Future trends to watch for:
- Potential increases in consumer health consciousness, possibly boosting demand for alternative grains.
- Impact of climate change on wheat production, influencing supply and pricing.
- Policy changes in agricultural subsidies and sustainability initiatives affecting market dynamics.
