The soya sauce market in Spain has witnessed significant growth from 2012 to 2022, increasing from approximately 7.96 million Euros to 25.72 million Euros. The annual growth rate reached a peak of 37.44% in 2017. Between 2018 and 2022, the market expanded steadily with a compound annual growth rate of 5.72%, demonstrating a moderate yet sustainable increase. In 2023, the market value continued to climb, albeit at a slightly slower pace, reflecting a maturity phase in demand.
Future trends to watch include:
- Rising consumer preference for Asian cuisine, which may drive further market expansion.
- Diversification of product offerings, like low-sodium or organic soy sauce, to cater to health-conscious consumers.
- Potential impacts from global supply chain disruptions, affecting both pricing and availability.
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 62,811,000 | 2023 | +3.02% | +4.74% | View data |
| 2 | 2 Spain | 26,781,000 | 2023 | +4.11% | +6.07% | |
| 3 | 3 Sweden | 16,964,000 | 2023 | +3.07% | +7.89% | View data |
| 4 | 4 Denmark | 3,368,400 | 2023 | -0.96% | -0.38% | View data |
| 5 | 5 Estonia | 1,431,700 | 2023 | +5.6% | +6.93% | View data |
