Spain Foodservice Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Spain Foodservice Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Spain foodservice market is expected to witness a CAGR of 1.28% during the forecast period.

Key Highlights

• The foodservice brands are eying the post-millennial age group as their prime targets. The growth of the foodservice industry, particularly for spanish cuisines, was largely in the small- and medium-sized cities, the potentially lucrative regions where key global brands and regional players are seeking effective market penetration.
• Spain is an attractive market for international foodservice companies. There is an increase in export opportunities for the United States' food and beverage suppliers, especially in the restaurant and hotel sector, due to the growing tourism sector in the country. Also, growth in the tourism sector in Spain, MICE (Meeting, Incentive, Conference, and Exhibitions) activities, and developments in the hotel and restaurant sector have further contributed to the market growth.

Key Market TrendsIncreasing Tourism Boost the Food service Market

Tourism, smaller households, an increasing number of women in the workforce, change in consumer pattern, rise in the number of dine-in restaurants, and growing consumer preference in trying out other cuisines have led to the growth of the popularity of full-service restaurants. As disposable incomes grow, foodservice trends are also expected to grow alongside, presenting a great opportunity. Even in low-growth high-income regions, foodservice players could adapt and take advantage of an increasingly fluid and competitive environment. Demand for good food in an affordable, informal, and social environment is growing, as consumers place format secondary.

Increased Presence Online provide Additional Growth Opportunities

The food service market in Spain expanded significantly in previous decades as noted during the previous years. Independent restaurants still dominate the market, accounting for more than 90% of consumer foodservice value sales. Also, the internet is playing a greater role in consumers’ daily lives – with foodservice being no exception to this. New consumer habits, the penetration of social networks in consumers’ lifestyles, and new technologies have provided players with access to a bigger potential client base. Pizza Hut, Rosinter Restaurants Holding, and IL Patio are some of the major FSR restaurants operating in the Spain foodservice market.

Competitive Landscape

Spain food service market is competitive and fragmented. Full-service restaurants hold a major share. One of the main features of 100% home delivery/takeaway in Spain, which remained unchanged in the review period, is the strong leadership by chained outlets. Some of the major keyplayers in Spain foodservice market include McDonald's Corp, TelePizza SA, Zena Group, Comess Group SL, Vips Group, and Burger King Worldwide Inc.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Vips Group
Zena Group
Comess Group SL
McDonald's
Telepizza
Burger King
Eat Out Group
Yum! Brands Inc.

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