The prepared meals sector in Spain has exhibited significant growth from 2013 to 2023, reaching 2.58 billion euros in turnover by 2023. After an impressive expansion between 2013 and 2017, the growth rate slowed down marked by a slight dip in 2019 and 2020. However, the market rebounded, maintaining a steady increase with a 4.39% year-on-year variation in 2023.
Looking ahead, the sector is forecasted to grow at a CAGR of 2.94% from 2024 to 2028, amounting to a 15.59% increase overall by 2028. Key future trends to watch for include shifts toward healthier meal options, increased demand for plant-based products, and sustainability trends influencing packaging and logistical practices.
