Spain - The Future of Foodservice to 2028

Spain - The Future of Foodservice to 2028 Summary “Spain - The Future of Foodservice to 2028” published by GlobalData provides extensive insight and analysis of the Spanish Foodservice market over the next five years (2023-28) and acts as a vital point of reference for operators or suppliers. Spain’s GDP per capita growth declined from 9.2% in 2022 to 7.5% in 2023. Moreover, nominal GDP growth fell from 10.2% to 8.7% due to high interest rates and increased fuel prices. However, non-energy exports and an uptick in tourism aided growth in 2023. The working-age population accounted for 65.7% of the total population of Spain in 2023. The country’s unemployment rate fell from 12.9% in 2022 to 12.2% in 2023. It is expected to decline further to 11.1% in 2028. The report includes - - Overview of Spain's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Spanish foodservice market including GDP per capita, consumer price index, population growth, and annual household income distribution. - Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the Spanish foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price. - Customer segmentation: Identify the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the Spanish population. - Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets. Scope - The Spanish profit sector’s revenue reached EUR119.4 billion ($129.1 billion) in 2023, yielding a CAGR of 2.1% over 2018-23. During the same period, the transactions and outlet count declined at negative CAGRs of 0.3% and 0.03%, respectively. - Pub, club & bar was the leading channel, contributing 43.3% of the sector’s total sales, while FSR held second place with a 22.9% share. The QSR channel registered the highest CAGR during 2018-23. Reasons to Buy - Specific forecasts of the foodservice market over the next five years (2023-28) will give readers the ability to make informed business decisions through identifying emerging/declining markets. - Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, coffee & tea shop, and pub, club & bar) will allow readers understand the wants and needs of their target demographics.