Forecast: Production Value of Restaurants and Mobile Food Service Activities in Spain

The production value for restaurants and mobile food service activities in Spain has demonstrated notable fluctuations over the past decade. It faced minor declines in the early 2010s, with significant recovery starting from 2016. The sector saw a sharp decline in 2020 due to the pandemic, but experienced a solid rebound thereafter. As of 2023, the value stood at €32.03 billion, reflecting a 14.68% year-on-year increase.

The average annual growth rate from 2018 to 2023 was 4.53%, indicative of a robust recovery phase post-pandemic. The forecasted CAGR from 2024 to 2028 is 3.27%, with an overall growth rate of 17.48% over these five years, signaling stable growth for the foreseeable future.

Future trends to watch:

• Technological advancements in mobile food delivery services.
• Increasing consumer preference for convenience and diverse food options.
• Potential impact of economic factors and consumer spending patterns on the dining-out market.