Over the past decade, the number of persons employed in the food and beverage services sector in Spain has demonstrated a generally upward trend, except for a notable dip in 2020 due to the COVID-19 pandemic. From 2013 to 2019, employment figures increased steadily, peaking at 1263 thousand employees in 2019. The significant impact of the pandemic caused a decline in 2020, but the sector quickly rebounded, showing a robust recovery in subsequent years. By 2023, employment had increased to 1409.2 thousand, reflecting a year-on-year growth rate of 6.04% and a 5-year CAGR of 3.13%. Forecasts indicate continued growth, reaching 1643.3 thousand employees by 2028, with an expected average annual growth rate (CAGR) of approximately 2.44%.
Future trends to watch for:
- Post-pandemic recovery and stabilization within the food and beverage services sector.
- Technological advancements driving efficiency and potentially affecting employment dynamics.
- Increased focus on sustainability and its impact on employment patterns in the industry.
- Ongoing macroeconomic factors and consumer behavior shifts influencing sector growth.