Cinema Concessions - Spain

Spain

Highlights

In Spain, revenue in the Cinema Concessions market market is projected to reach US$527.50m in 2024.
Furthermore, revenue is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 3.88%, leading to a projected market volume of US$638.10m by 2029.
Within the Cinema Concessions market market in Spain, the number of viewers is anticipated to reach 17.8m users by 2029.
User penetration in Spain will stand at 33.2% in 2024 and is projected to increase to 37.8% by 2029.
Additionally, the average revenue per viewer in Spain is expected to amount to US$33.47.
In a global context, the highest revenue will be generated the United States, with a figure of US$9.88bn in 2024.
In Spain, cinema concessions are increasingly focusing on gourmet snack offerings, reflecting a shift towards enhancing the overall movie-going experience.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cinema Concessions market in Spain is experiencing significant growth and development.

Customer preferences: Spanish moviegoers have shown a strong preference for a wide variety of concessions at cinemas. They enjoy the convenience of purchasing snacks and beverages at the cinema, as it enhances their overall movie-watching experience. Popcorn, soft drinks, and candies are among the most popular choices among Spanish customers. Additionally, there is a growing demand for healthier options such as fresh fruit, vegetable snacks, and organic beverages. This trend reflects the increasing awareness of health and wellness among consumers.

Trends in the market: One of the key trends in the Spanish Cinema Concessions market is the introduction of premium and gourmet offerings. Cinemas are now offering a range of high-quality snacks and beverages to cater to the evolving tastes of their customers. This includes gourmet popcorn flavors, artisanal chocolates, and craft beers. The aim is to provide a more sophisticated and upscale experience for moviegoers, attracting a wider audience and increasing revenue. Another trend in the market is the integration of technology. Cinemas in Spain are embracing digital innovations to enhance the concession experience. This includes self-service kiosks, mobile ordering, and in-seat delivery options. These technological advancements not only streamline the ordering process but also provide a more personalized and convenient experience for customers.

Local special circumstances: Spain has a rich culinary culture, and this is reflected in the Cinema Concessions market. Spanish moviegoers have a strong affinity for traditional snacks and beverages, such as churros and horchata. Cinemas often incorporate local flavors and specialties into their concessions menu to cater to the local preferences. This not only adds a touch of authenticity but also creates a unique selling point for cinemas in Spain.

Underlying macroeconomic factors: The growth of the Cinema Concessions market in Spain can be attributed to several underlying macroeconomic factors. Firstly, the increasing disposable income of Spanish consumers has allowed them to spend more on leisure activities, including going to the movies. This has created a larger customer base for cinemas, driving the demand for concessions. Furthermore, the tourism industry in Spain has been thriving, attracting a significant number of international visitors. These tourists often visit cinemas as part of their itinerary, contributing to the growth of the Cinema Concessions market. Cinemas have recognized this opportunity and have tailored their concessions offerings to cater to the diverse preferences of both local and international customers. In conclusion, the Cinema Concessions market in Spain is evolving to meet the changing preferences of customers. The introduction of premium and gourmet offerings, integration of technology, and incorporation of local flavors are key trends driving the market. The growth of disposable income and the influx of tourists are underlying macroeconomic factors contributing to the development of the market.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the Cinema market, which comprises revenues from box office, advertsing and concessions. The market includes both consumer and advertising spending. All monetary figures refer to consumer spending on tickets and concessions. This spending factors in discounts, margins, and taxes.

Modeling approach / market size:

The market size is determined through a bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as various macroeconomic indicators, historical developments, current trends, and reported performance indicators of key market players. In particular, we consider average prices and annual purchase frequencies.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. 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. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.