Bread & Cereal Products - Spain

Spain

Revenue in the Bread & Bakery Products market amounts to €7.70bn in 2024. The market is expected to grow annually by 3.19% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€257bn in 2024).
In relation to total population figures, per person revenues of €162.10 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 2.55bn kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 1.9% in 2025.
The average volume per person in the Bread & Bakery Products market is expected to amount to 50.6kg in 2024.

Key regions: Philippines, United States, Canada, India, China

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Comparación de regiones

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Analyst Opinion

The Bread and Cereal Products Market in Spain is experiencing slow growth, influenced by factors such as the traditional preference for fresh bread and low consumer awareness of the health benefits of cereals. However, the market is expected to see a rise in demand as more consumers become health conscious and seek convenient online options for purchasing these products.

Customer preferences: Consumers in Spain are showing a growing interest in healthier options for bread and cereal products, leading to a rise in demand for whole grain, gluten-free, and organic options. This trend is driven by a cultural emphasis on fresh and natural ingredients, as well as a shift towards healthier eating habits. Additionally, with the increasing number of individuals following vegetarian or vegan diets, there is a growing demand for plant-based and non-dairy bread and cereal products. This shift is also influenced by environmental concerns and a desire for sustainable food choices.

Trends in the market: In Spain, the Bread & Cereal Products Market within The Food market is experiencing a rising trend towards healthier options, with more consumers seeking out whole grain and gluten-free products. This trend is being driven by growing health consciousness and a desire for more diverse and nutritious options. As a result, industry stakeholders are focusing on expanding their product offerings to cater to this demand. Additionally, there is a growing focus on sustainability within the market, with companies implementing eco-friendly practices and using more locally-sourced ingredients. These trends signal a shift towards a more health-conscious and environmentally-friendly market, which could potentially lead to increased competition and innovation within the industry.

Local special circumstances: In Spain, the Bread & Cereal Products Market within The Food market is heavily influenced by the country's long-standing culinary traditions and strong preference for fresh and locally sourced ingredients. Additionally, government regulations on food safety and labeling play a significant role in shaping the market. The country's diverse climate and terrain also contribute to the availability of a wide variety of grains and cereals, resulting in a diverse range of products and flavors. These unique factors have a strong influence on the dynamics of the market, making it distinct from other markets.

Underlying macroeconomic factors: The Bread & Cereal Products Market within The Food market in Spain is heavily influenced by macroeconomic factors such as consumer spending, inflation rates, and government policies. The country's strong economic growth and stable fiscal policies have led to an increase in consumer spending, driving the demand for convenience and ready-to-eat food products like bread and cereals. Additionally, the growing trend of healthy eating and increasing health consciousness among consumers has also contributed to the market's growth. Furthermore, the government's initiatives to promote food security and support local agricultural production have boosted the domestic supply of bread and cereal products, further driving market growth.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.