Household expenditure on catering services in Spain from 2013 to 2019 showed a steady growth trend, marked by an 8.98% increase in 2017 and a smaller yet consistent rise in subsequent years. The significant drop in 2020 by 44.63% due to COVID-19 heavily impacted the market, but a sharp recovery followed with a 34.5% increase in 2021 and a further 37.16% rise in 2022, peaking at 100.84 billion Euros. The slight decline of 3.11% in 2023 placed the value at 97.7 billion Euros.
Year-on-year variations over the last two years indicate volatility: the robust rebound in 2022 and a slight dip in 2023. Past CAGR shows moderate annual growth, with 2.18% forecasted for the next five years, reflecting recovery, stability, and slow yet steady growth, reaching 112.13 billion Euros by 2028.
Future trends to watch for:
- Continued impact of economic fluctuations and inflation on consumer spending.
- Shift towards healthier and sustainable dining options.
- Technological integration in catering services enhancing customer experience.
- Evolution of remote work influencing household catering demands.
