Forecast: Number of Employees in Bakery Products Sector in Spain

The number of employees in the bakery products sector in Spain has shown steady growth from 2013 to 2023, increasing from 66.13 thousand to 87.49 thousand. Despite minor contractions in 2013 (-4.2%) and 2014 (-0.84%), the sector rebounded significantly with notable yearly increases such as 9.61% in 2016 and 7.71% in 2018. The CAGR over the last five years reached 0.84%. As of 2023, the sector stood at 87.49 thousand employees, showing consistent yearly growth, particularly in the post-2020 period.

Based on forecast data, the bakery products sector is expected to continue its upward trajectory. By 2028, the number of employees is projected to reach 89.36 thousand, with a forecasted CAGR of 0.34% over the next five years. The forecast suggests a stable yet slow growth pattern with a forecasted five-year growth rate of 1.7%.

Future trends to watch for include automation and technological advancements in bakery processes, potential impacts of changing consumer preferences towards healthier options, and the effect of regulatory changes on employment dynamics within the sector.