Forecast: Food Services Employment in Spain

The food services employment sector in Spain has demonstrated significant fluctuations over the past decade. After a steady rise from 1.0194 million in 2013 to 1.3076 million in 2019, the COVID-19 pandemic caused a sharp decline in 2020, with employment dropping to 1.1134 million. The sector began to recover in 2021 and by 2023, employment stood at 1.3324 million. Over the last two years (2023-2024), the sector witnessed a year-on-year variation of 4.02% in 2023 and -1.36% in 2024. The last five-year CAGR up to 2023 was 0.52%, indicating sluggish annual growth.

Future trends to watch for include:

• Projected employment in the sector is expected to continue growing, reaching 1.3923 million by 2028.
• The forecasted 5-year CAGR stands at 0.7%, suggesting a moderate growth trajectory.
• Emerging technologies and changes in consumer behavior may further influence employment trends in this sector.