The Flours, Meals, and Pellets of Seafood market in Spain has experienced steady growth in per capita volume from 2013 to 2023. Beginning at 1.11 kilograms per capita in 2013, the volume experienced a slight dip in 2014 and 2015, reaching 1 kilogram in 2015. However, a consistent upward trend followed, with notable increases each year. By 2023, the volume per capita reached 1.54 kilograms.
- Year-on-year growth from 2022 to 2023 was approximately 1.32%.
- The compound annual growth rate (CAGR) over the past five years (2018-2023) was 3.1%.
In 2024 and beyond, watch for innovation in production techniques and increased demand for sustainable seafood products as potential growth drivers in the market. Health and wellness trends may also enhance consumer interest in seafood-based products, further bolstering demand.
