The food M&A market in Spain remained active in 2024 with 140 deals, mostly of a strategic profile, although 34% involved financial investors, concentrated in specific sectors. The sector is composed of a wide variety of sub-sectors and segmented along the entire value chain.

In 2024, 61% of corporate deals were concentrated in the food production and processing segment, while distribution companies accounted for almost 20%. However, emerging sub-sectors such as food-tech and organised catering groups are gaining increasing prominence in the national M&A landscape, reflecting the transformation and modernisation of the sector. These data show the growth, consolidation and dynamism of key sub-sectors.