The Flours, Meals, and Pellets of Seafood market in Spain showed a significant upward trend in terms of volume, reaching 72.499 million kilograms in 2023. From a decline in 2013 to a growth phase starting in 2016, the market has expanded notably. The latest data indicates a steady but slowing growth with year-on-year increases of 0.94% in 2022 and 0.95% in 2023. The compound annual growth rate over the past five years was 3.13%, highlighting consistent expansion.
Future trends to watch for include:
- Potential impacts of environmental regulations on seafood sourcing.
- Increased demand influenced by dietary trends emphasizing protein-rich foods.
- Technological advancements in processing and sustainability efforts.
