Forecast: Sold Production of Prepared Meals and Dishes in Spain

The market for prepared meals and dishes in Spain experienced noteworthy growth from 2013 to 2019, with a peak value observed in 2019 at 1,253.3 million Euros. Subsequently, the market faced a sharp decline in 2020 and an even more significant drop in 2021. Although there was a minor recovery in 2022 and 2023, the market value stood at 767.63 million Euros in 2023, highlighting a significant weakening from its earlier peak.

Key year-on-year variations:

• 2019 to 2020: -8.25%
• 2020 to 2021: -33.81%
• 2021 to 2022: 0.56%
• 2022 to 2023: 0.3%

The CAGR from 2018 to 2023 remained negative, depicting an overall downward trend in the market over the past five years. The forecasted CAGR from 2023 to 2028 suggests a minimal growth rate of 0.23%, indicating only slight improvements expected in the mid-term future.

Looking ahead, observe the following trends:

• Changes in consumer preferences for healthier, convenient, and sustainable meal options.
• The impact of the economic recovery post-pandemic on consumer spending.
• Pace of adoption of innovative meal solutions by major food manufacturers.