Market Insights Consumer Food Convenience Food

Ready-to-Eat Meals - Spain

Spain

Revenue in the Ready-to-Eat Meals market amounts to US$4.21bn in 2024. The market is expected to grow annually by 3.75% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$149bn in 2024).
In relation to total population figures, per person revenues of US$88.74 are generated in 2024.
In the Ready-to-Eat Meals market, volume is expected to amount to 0.62bn kg by 2029. The Ready-to-Eat Meals market is expected to show a volume growth of 2.2% in 2025.
The average volume per person in the Ready-to-Eat Meals market is expected to amount to 11.9kg in 2024.

Key regions: Russia, United States, United Kingdom, Canada, India

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Analyst Opinion

The Ready-to-Eat Meals market in Spain's Convenience Food market has seen minimal growth, influenced by factors such as consumer demand for healthier options and the convenience of pre-packaged meals. This has led to a stagnant market with a negligible growth rate.

Customer preferences: Consumers in Spain are increasingly turning to ready-to-eat meals as a convenient and time-saving option for their busy lifestyles. This trend is driven by the growing number of working individuals and the rise of single-person households. Additionally, there is a growing demand for healthier and more diverse options, leading to an increase in plant-based and organic ready-to-eat meals. Convenience and health-consciousness are key factors driving the growth of this market.

Trends in the market: In Spain, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is seeing a surge in demand for healthy and organic options. This trend is driven by consumers' increasing focus on health and wellness, as well as the growing popularity of plant-based diets. As a result, major players in the industry are investing in developing and promoting healthier options, such as vegan and gluten-free ready-to-eat meals. This trend is expected to continue, with potential implications for industry stakeholders including increased competition, the need for innovative product offerings, and a shift towards more sustainable and eco-friendly packaging options.

Local special circumstances: In Spain, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is influenced by the country's strong culinary culture and preference for traditional, home-cooked meals. This has led to the popularity of frozen and pre-packaged meals that still offer a taste of Spanish cuisine. Additionally, the country's strict food safety regulations and growing health consciousness among consumers have driven the demand for healthier, low-sodium, and organic options in the Ready-to-Eat Meals Market.

Underlying macroeconomic factors: The Ready-to-Eat Meals Market of the Convenience Food Market within The Food market in Spain is heavily influenced by macroeconomic factors such as consumer spending, inflation rates, and overall economic stability. With a growing economy and increasing disposable income, consumers are more likely to opt for convenient and ready-to-eat meals. Additionally, government initiatives promoting healthy eating habits and the increasing trend of busy lifestyles are contributing to the demand for these types of meals. However, rising food prices and fluctuating exchange rates may pose challenges for 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.