Forecast: Employment in Bakery Products Sector in Spain

The employment in the Bakery Products sector in Spain has shown a steady increase over the past decade, rising from 62.02 thousand FTEs in 2013 to 80.34 thousand FTEs in 2023. This reflects a general upward trend, albeit with fluctuations. Notable growth occurred in 2018 (+8.19%) and 2019 (+2.61%), while 2020 experienced a slight decline (-0.84%) likely due to the pandemic. The past two years have seen modest increases, with a year-on-year variation of +0.75% for 2022 and 2023.

Looking forward, employment in the sector is forecasted to continue its gradual rise, reaching 83.23 thousand FTEs by 2028. The Compound Annual Growth Rate (CAGR) for the next five years is anticipated to be 0.56%, indicating moderate but sustainable growth.

Key future trends to watch for include:

• Impact of technological advancements on labor demand.
• Changing consumer preferences towards healthier and artisanal bakery products.
• Economic conditions affecting disposable income and consumption patterns.
• Potential regulatory changes in food safety and labor laws.