Spain - The Future of Foodservice to 2027

“Spain Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027” provides extensive insight and analysis of the Spanish Foodservice market over the next five years (2022-27) and acts as a vital point of reference for operators or suppliers.

The Spanish profit sector’s total revenue reached EUR99.3 billion ($104.6 billion) in 2022, registering a negative compound annual growth rate (CAGR) of 0.9% during 2017-22. The economic slowdown in the last few years, coupled with high inflation, negatively impacted foodservice sales. However, the sector rebounded and registered significant growth in 2022, thanks to robust economic growth and rising tourism. The support from the Spanish government to promote travel and tourism positively impacted sales at hotels, restaurants, and cafés. The QSR channel registered the highest value CAGR of 3.5% followed by the coffee & tea shop channel during 2017-22. During 2022-27, the Spanish profit sector will register a strong CAGR of 7.3%. The number of transactions will also register a CAGR of 5%, while the number of outlets will register a CAGR of 0.9% during 2022-27.

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 value reached EUR99.3 billion ($104.6 billion) in 2022, declining at a negative CAGR of 0.9% during 2017-22. In 2022, the Spanish economy grew by 5.5% owing to the revival of private consumption and the rebound of tourism. Pub, club & bar was the leading channel, contributing to 44.5% of the sector’s total sales, while FSR held the second position with a 23.1% share of sales. Locals and tourists favor traditional foodservice restaurants. The retail channel will grow at the highest CAGR of 11.4% during 2022-27. Chain restaurants will outperform independent outlets during 2022-27. The availability of hygienic, low-cost, and time-saving options attracts many frequent visitors to QSR outlets. The FSR channel will record a value CAGR of 7.6% during 2022-27. Education was the largest cost sector channel in 2022.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2022-27) 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.