The spices market in Spain stood at 8.5 Thousand Metric Tons in 2023. Forecasted data suggests stability from 2024 to 2027 at 9.0 Thousand Metric Tons, with a notable increase to 10.0 Thousand Metric Tons by 2028. Year-on-year variation for 2024-2027 is projected at 0%, while from 2027 to 2028, it shows an 11.1% increase. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately 3.3%.
Future trends to watch for:
- Increasing consumer demand for diverse and exotic spices in gourmet cooking.
- The influence of dietary trends promoting health and wellness.
- Expansion in the food processing industry requiring more spices.
- Possible supply chain disruptions affecting availability and pricing.
