The food and beverages production value in Spain demonstrated consistent growth from 2013 to 2023, peaking at 132.79 billion euros in 2023, after fluctuations such as a dip during 2020. The CAGR over the past five years remained steady at 1.49%. The year-on-year variation highlighted periods of notable growth, particularly in 2017 and 2021, with 7% increases. However, 2020 experienced a decline of 3.37% possibly due to external factors.
Looking ahead, the forecasted data indicates a continuation of this growth trend with a 2028 annual value expected to reach 143.3 billion euros, signifying a 5-year CAGR of 1.2%. Future trends to watch include market adaptations to consumer preferences for healthier and sustainable products, potential impacts of regulatory changes, and technological advancements in production methods.