Vegetables - Spain

Spain

Gross production value in Vegetables market is projected to amount to US$295.10m in 2024. An annual growth rate of 3.68% is expected (CAGR 2024-2028), resulting in gross production value of US$341.00m in 2028.
The import value in Vegetables market is projected to amount to US$0.9bn in 2024. An annual growth rate of 3.84% is expected (CAGR 2024–2028).
The export value in Vegetables market is projected to amount to US$8.7bn in 2024. An annual growth rate of 6.18% is expected (CAGR 2024–2028).

Key regions: Germany, Brazil, Spain, Italy, United Kingdom

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Analyst Opinion

Spain, a country known for its rich culture and history, has been witnessing some interesting trends in its vegetable market. From the traditional Spanish cuisine to the modern-day fusion food, vegetables have always been an integral part of the Spanish diet.

Customer preferences: The Spanish consumers are increasingly becoming health-conscious and are choosing fresh and organic vegetables over processed food. The younger generation, in particular, is more inclined towards plant-based diets and are experimenting with different types of vegetables. As a result, there has been an increase in the demand for exotic vegetables such as kale, avocados, and sweet potatoes.

Trends in the market: The trend of healthy eating has been on the rise in Spain, and this has led to an increase in the demand for organic vegetables. The organic vegetable market has been growing steadily in Spain, and it is expected to continue to grow in the coming years. Additionally, there has been a rise in the demand for locally grown vegetables, which are perceived to be fresher and of better quality. This trend can be attributed to the increasing awareness among consumers about the environmental impact of food transportation and the desire to support local farmers.

Local special circumstances: Spain has a favorable climate for vegetable farming, and the country is one of the largest producers of vegetables in Europe. The Mediterranean climate of Spain is ideal for growing a variety of vegetables such as tomatoes, peppers, and cucumbers. Additionally, the country's long coastline provides easy access to fresh seafood, which is often used in traditional Spanish dishes. The Spanish cuisine is known for its use of vegetables in dishes such as gazpacho, tortilla, and paella.

Underlying macroeconomic factors: The Spanish economy has been recovering from the economic crisis of 2008, and this has led to an increase in the disposable income of consumers. As a result, consumers are more willing to spend on healthy and organic food options. Additionally, the tourism industry in Spain has been growing, and this has led to an increase in the demand for traditional Spanish cuisine. The rise in the number of tourists has also led to an increase in the demand for locally sourced vegetables, as tourists are often interested in experiencing the local cuisine. In conclusion, the Spanish vegetable market has been witnessing an increase in the demand for organic and locally grown vegetables. The trend of healthy eating and the desire to support local farmers are the key drivers of this trend. With a favorable climate for vegetable farming and a rich culinary tradition, Spain is well-positioned to cater to the growing demand for fresh and organic vegetables.

Methodology

Data coverage:

The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, 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.

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 S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.

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.