Spain HRI Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.96 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Spain HRI Market Analysis
The Spain HRI market is projected to grow, witnessing a CAGR of 1.96% over the next five years.
Food service brands are eying the post-millennial age group as their prime targets. The growth of the food service industry, particularly for Spanish cuisines, was largely in the small- and medium-sized cities, the potentially lucrative regions where key global brands and regional players are seeking effective market penetration. Spain is an attractive market for international food companies. There is an increase in export opportunities for the United States food and beverage suppliers, especially in the restaurant and hotel sector, due to the growing tourism sector in the country. Also, growth in the tourism sector in Spain, MICE (Meeting, Incentive, Conference, and Exhibitions) activities, and developments in the hotel and restaurant sector has further contributed to market growth. For instance, according to National Statistics Institute (INE), In February, Spain attracted 4.3 million foreign visitors, a 35.9% increase over the same period in 2022. These factors act as major driving factors for the HRI market in Spain.
Furthermore, the idea of dining and recreational experiences is becoming increasingly popular as the restaurant, café, and especially the bar industries focus on improving the customer experience. Young consumers visit these foodservice outlets in great numbers because they view them as an appropriate environment for family and social gatherings. Due to the fact that customers, particularly young people, tend to align their preferences with the most recent trends, themed restaurants, and hotels are growing in popularity as they offer unique dining experiences. The region has a good hotel market because of increasing opportunities for employment and growing population that is causing urbanization. These developments are expected to affect consumer spending in food service outlets positively, over the coming years. As a result, all the above mentioned factors drive the Spain HRI market.
Spain HRI Market Trends
Rapid Growth In QSR (Quick Service Restaurants) and Fast-Food Segment In Spain
Fast food, being a popular choice among Spanish consumers, continues to grow, majorly driven by price consciousness. Among consumers in Spain, eating out is a popular trend, which further favors the growth of fast food. Quick-Service remains a key format, due to strategies based on lowering prices, promotions, and convenience, wherein companies are observed to increasingly introduce product innovations and customization of food menus according to local tastes and preferences. Key market strategies, such as partnerships and expansions in the number of outlets, are expected to boost the market demand. However, fluctuations in commodity prices and a rise in labor costs can pose a major market challenge.
Additionally, the increasing number of quick service restaurants, such as KFC, MC Donald's, Pizza Hut, Domino's Pizza, Inc., and others have captured maximum consumer attention, looking for convenience in their everyday meal requirement. For instance, in 2021, according to the survey conducted by the Ministry of Agriculture, Food and Environment and TNS (Transaction Network Services) for respondents aged between 15-75 years in Spain stated that the out-of-home food places included are restaurants and similar outlets, work and school canteens, street stalls and kiosks, food delivery orders, airplanes, trains, vending machines, drive-thrus as well as invitations to other homes, etc. While lunch time was found out to be the most popular time to consume food out in Spain which accounted to approximately 34%. These statistics indicate that a significant percentage of consumers are preferring outside food which inturn helps in the growth of QSR (Quick Service Restaurants) and Fast-Food market Segment sales. Therefore, these factors have helped drive the growth of the Spain HRI Market.
Street Stalls/Kiosks Segment Gaining Popularity
Growth in this segment is driven by growth in independent street stalls and kiosk operators, majorly due to the growth of tourism. Tourists are generally attracted by Spanish food, such as ice cream, churros, and hot chocolate that are served in street stalls at lower prices, compared to high-end restaurants. Additionally, food products in the Spanish market are becoming more diversified, and consumers are becoming more open, creating opportunities for new and foreign products served at street stalls and kiosks. An example of a prominent player in this segment is Oscar Mayer, a chain of street kiosks with significant leadership in the hot dog and bacon categories.
Additionally, Spain's population's spending patterns on eating out demonstrate the importance of the food service sector to both its culture and economy, particularly the Street Stalls/Kiosks Segment. For instance, in January 2022, according to Directorio Central de Empresas (DIRCE) and Instituto Nacional de Estadística (INE), approximately 16.3 thousand restaurants and stalls selling food were officially registered in Catalonia, making it the Spanish autonomous community in Europe with the highest number of these types of businesses/establishments. Hence, all these factors such as consumers purchasing patterns and increasing tourists population, etc, positvely drive the Street Stalls/Kiosks segment of the Spain HRI Market.
Spain HRI Industry Overview
Spain HRI market is competitive and fragmented. Full-service restaurants hold a major share. One of the main features of 100% home delivery/takeaway in Spain, which remained unchanged in the review period, is the strong leadership by chained outlets. Some of the major key players in Spain food service market include McDonald's Corp, TelePizza SA, Zena Group, Comess Group SL, Vips Group, and Burger King Worldwide Inc. With a growing number of customer sites and increased demand for specialty food products, above all delivered food service operators are able to provide the key capabilities and expertise to support these needs. Further, emphasis is given to the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers.
Spain HRI Market Leaders
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Starbucks Corporation
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Domino's Pizza, Inc.
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Yum! Brands, Inc.
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Vips Group
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Comess Group SL
*Disclaimer: Major Players sorted in no particular order
Spain HRI Market News
- In November 2022, the Owners of Doppio Zero announced plans to launch their new outlet Spanish tapas eateries at 110 Castro St. in Mountain View. Courtesy Vida.
- In August 2022, the first virtual waiter app in Spain was launched by a Funky pizza restaurant. Customers use the "Funky Pay" app on their phones to explore the menu, place orders, and make payments. The company claims that this happens to be the first time in Spain that a purpose-built app has been included in a restaurant's ordering system.
- In February 2022, Taco Bell announced its plans to open its 100th restaurant in Spain.
Spain HRI Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters 5 Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Consumer Foodservice
5.1.1.1 Cafes and Bars
5.1.1.2 Full-Service Restaurants
5.1.1.3 Fast Food
5.1.1.4 Pizza Consumer Foodservice
5.1.1.5 Self-Service Cafeterias
5.1.1.6 100% Home Delivery/Takeaway
5.1.1.7 Street Stalls/Kiosks
5.1.2 Hotels
5.1.3 Institutional (Catering)
5.2 Structure
5.2.1 Independent Outlet
5.2.2 Chained Outlet
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Yum! Brands, Inc.
6.3.2 McDonald's Corporation
6.3.3 Domino's Pizza, Inc.
6.3.4 Starbucks Corporation
6.3.5 Restaurant Brands International Inc.
6.3.6 Vips Group
6.3.7 Comess Group SL
6.3.8 Ibersol Restoration Group
6.3.9 Doppio Zero
6.3.10 Funky Pizza Restaurant
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. ABOUT US
Spain HRI Industry Segmentation
The HRI (Hotel, Restaurant, and Institution) food service industry is responsible for offering meals to customers. The HRI industry depends on disposable income, leisure time, and complete customer satisfaction. The scope of the Spain HRI market includes segmentation on the basis of Type and Structure. By type, the market is segmented under Consumer Foodservice, Hotels, and Institutional. The consumer foodservice segment is further segmented into Cafes and Bars, Full-service Restaurants, Fast Food, Pizza Consumer Foodservice, Self-Service Cafeterias, 100% Home Delivery/Takeaway, and Street Stalls/Kiosks. By structure, the market is segmented into Independent Outlets and Chained Outlets. For each segment, the market sizing and forecast have been done based on value (in USD million).
| Type | |||||||||
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| Hotels | |||||||||
| Institutional (Catering) |
| Structure | |
| Independent Outlet | |
| Chained Outlet |
Spain HRI Market Research FAQs
What is the current Spain HRI Market size?
The Spain HRI Market is projected to register a CAGR of 1.96% during the forecast period (2024-2029)
Who are the key players in Spain HRI Market?
Starbucks Corporation, Domino's Pizza, Inc., Yum! Brands, Inc., Vips Group and Comess Group SL are the major companies operating in the Spain HRI Market.
What years does this Spain HRI Market cover?
The report covers the Spain HRI Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain HRI Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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