From 2013 to 2023, the output of food, beverages, and tobacco in Spain showed varying trends. After reaching a peak in 2015, output declined sharply by 20.08% in 2016. It gradually recovered until another significant drop in 2020, likely due to the pandemic's impact. By 2023, the output stood at 120.3 billion Euros, with year-on-year variations reflecting instability in the market. Recent years indicate slight declines, with a last 5-year CAGR of -0.16%.
Future trends to watch include the forecasted steady decline at an annual average rate of -0.57% from 2024 to 2028, suggesting a contracting market. Monitoring economic policies, consumer behavior shifts, and potential innovations in food and beverage technology will be crucial for understanding future market dynamics.