In 2023, the sold production of grape juice in Spain stood at 460.58 million Euros. Moving to the forecasted values, the sold production is expected to reach 474.49 million Euros in 2024, a year-on-year increase of 3% from 2023. Continuing this upward trend, it is projected to rise by approximately 3% each year, reaching 530.97 million Euros by 2028. The Compound Annual Growth Rate (CAGR) over the next five years is expected to be around 3% per year.
Future trends to watch for include:
• Expansion in organic grape juice offerings as consumer preferences shift toward healthier options. • Technological advancements in grape cultivation and juice production enhancing volume. • Potential impact of climate change on grape yield and quality, affecting production levels. • Trade policies and tariffs influencing export opportunities and market dynamics.
