Spain Foodservice Market Size

Spain Foodservice Market Analysis

The Spain Foodservice Market size is estimated at 145.58 billion USD in 2024, and is expected to reach 267.70 billion USD by 2029, growing at a CAGR of 12.96% during the forecast period (2024-2029).

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145.58 Billion

Market Size in 2024 (USD)

267.70 Billion

Market Size in 2029 (USD)

7.39 %

CAGR (2017-2023)

12.96 %

CAGR (2024-2029)

Largest Segment by Foodservice Type

59.69 %

value share, Cafes & Bars, 2023

High affinity toward coffee-based beverages and busy work schedules have increased daily footfall in cafes, which drove market valuation over the study period.

Largest Segment by Outlet Type

67.51 %

value share, Independent Outlets, 2023

The flexibility of operations and the exclusive cuisine options and dining experiences are the main factors promoting the growth of this market in the nation.

Fastest-growing segment by Foodservice Type

15.07 %

Projected CAGR, Cloud Kitchen, 2024-2029

Convenience and affordability boost fast-food consumption by Spanish people, hence driving the segment's growth.

Fastest-growing segment by Outlet Type

13.35 %

Projected CAGR, Chained Outlets, 2024-2029

The consistency of chained outlets' food quality and offerings and customized menu options as per the region are the major drivers behind the segment's growth.

Leading Market Player

0.73 %

market share, Áreas SAU, 2022

Áreas SAU is the market leader, with 326 restaurants at airports and 115 restaurants at railway stations, with its multiple brands serving bakery products and fast food.

The rising number of tourists, especially from the Asian continent is driving the latest development like menu innovations in Spain

Spain Foodservice Industry Segmentation

Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants are covered as segments by Foodservice Type. Chained Outlets, Independent Outlets are covered as segments by Outlet. Leisure, Lodging, Retail, Standalone, Travel are covered as segments by Location.

• The cafes and bars segment dominates the Spanish foodservice market. The segment witnessed a growth of 46.52% in sales in 2022 compared to 2020. There is a higher market penetration of nightclubs, discos, and bars with live music concerts in Spain. The popularity of pubs is also growing with the rising number of tourists. In 2022, 30.2 million international tourists arrived in Spain. Thus, operators are focusing more on offering a diverse range of appetizers and imported alcohol and investing more in developing the ambiance.
• In the full-service restaurants segment, Asian restaurants dominate the market, owing to the rising number of Asian tourists, mainly from the Philippines, South Korea, and Japan. For instance, in 2022, 1.49 million tourists from Japan and 431,628 tourists each from the Philippines and South Korea visited Spain. Thus, large-scale operators offer Pan-Asian cuisine in fine-dining restaurant setups to encourage both locals and tourists.
• The quick service restaurant segment of the market was dominated by meat-based cuisines, which accounted for an estimated market share of 24.84% in 2022. Spain is the third-largest country in Europe with the highest meat consumption. For instance, in 2021, the per capita consumption of meat products amounted to 51 kg. Thus, a few QSRs, such as Telepizza, Burger King, and McDonald's, offer a range of meat-based products. The QSR market is anticipated to grow during the forecast period, anticipated to register a CAGR of 12.10%.
• The cloud kitchen segment witnessed significant growth post-pandemic as consumers preferred to make more online food orders, with a total count of 214 as of 2022. Due to low operating costs, a few operators have shifted toward virtual kitchens for offering selected takeaway foods.