The production value of frozen vegetables and vegetable mixtures in Spain has been exhibiting a general upward trend over the past decade. From 2013 to 2023, the industry saw a consistent growth pattern highlighted by substantial year-on-year increases. In 2023, the market stood at 1,123.3 million euros. Despite minor fluctuations, including a slight dip in 2017, the market consistently recovered and has demonstrated robust growth momentum, reaching the highest recorded value of 1,123.3 million euros in 2023.
Recent years have shown moderate year-on-year variations: 2.99% in 2021, 5.22% in 2022, and 4.91% in 2023. The compound annual growth rate (CAGR) over the past five years clocked at 4.26%. Forecasts project continued growth with the market expected to reach 1,378.3 million euros by 2028, reflecting a forecasted CAGR of 3.24% from 2024 to 2028 and an overall growth rate of 17.27%.
Future trends to watch for include shifts in consumer preferences towards healthier, convenient foods, and possible impacts of technological advancements in food preservation and supply chain efficiency. Changes in agricultural policies and international trade agreements could also play crucial roles in shaping the market's trajectory.
