Between 2012 and 2022, the caviar and caviar substitutes market volume per capita in Spain consistently decreased from 0.03% kg per capita to 0.017% kg per capita. This continuous decline highlights a shrinking market size in terms of per capita consumption.
The year-on-year variation for 2022 remained stable at 0.017% kg per capita versus the previous year. Over the past two years, the market saw a marginal decline of approximately 5.56%. The five-year CAGR indicates an average annual decrease of roughly 7.71% from 2018 to 2022, underscoring the long-term downward trend in caviar and caviar substitutes consumption in Spain.
Looking ahead, it is crucial to monitor factors influencing consumer preferences, such as economic conditions, health trends, and potential shifts toward sustainable and ethical food options. These could either exacerbate the current decline or open up new opportunities for market growth.
