The consumption of processed anchovies, whole or in pieces, per capita in Spain has shown a steady increase from 2013 to 2023, starting at 0.19 kg and reaching 0.25 kg. The market saw a 31.58% increase in volume per capita over this period. From 2021 to 2023, the market experienced a negligible year-on-year growth of 0%, indicating stabilization at 0.25 kg per capita. The CAGR over the last five years is minimal, reflecting consumption plateau over the period. The trend suggests a mature market with stable consumer demand.
Future trends to watch for:
- Potential shifts in consumer preferences towards healthier or alternative protein sources.
- Impact of environmental and sustainability concerns on sourcing and consumption.
- Possibility of market disruption from innovative packaging or new product lines.