The Spanish food sector is entering 2026 with solid expectations in the field of mergers and acquisitions (M&A). The outlook for the coming year points to a stable overall level of activity, broadly in line with recent years, with an estimated annual volume of between 120 and 140 transactions. However, this stability will be accompanied by a stronger focus on specific subsectors currently undergoing consolidation and reorganisation, where an increase in transaction volume is expected.
The meat sector as a key driver of activity
One of the most relevant areas will continue to be the meat sector, which in 2025 recorded a 60% increase in the number of transactions compared to 2024, reaching a total of 28 deals. This trend is expected to continue into 2026, driven by several structural factors.
On the one hand, the high degree of fragmentation within the sector, combined with the ongoing formation of national champions, creates a particularly favourable environment for corporate transactions. In addition, the sharp rise in beef prices and certain animal health-related events are increasing the need for stronger financial and managerial capabilities, further encouraging consolidation processes.
In this context, Albia IMAP is currently finalising a sector-focused report on the Spanish
meat industry, analysing in detail its key dynamics and recent corporate developments.
Sustained growth in the fruit and vegetable sector
The fruit and vegetable sector continues to gain relevance within food-sector M&A. In 2025, the number of transactions increased by approximately 33%, and this positive momentum is expected to continue in 2026.
Growth will be driven both by natural consolidation trends and by financial investors’ projects in the sector. Albia IMAP was actively involved in this segment during 2025, advising on the acquisition of a company by private investors.
Ready meals: a structurally active segment
Finally, the ready meals sector remains one of the most dynamic segments within food M&A. The consolidation of several national champions, together with the launch of multiple Private Equity-backed platforms, continues to support a high level of transactional activity.
These platforms are pursuing ambitious growth strategies, both organic and inorganic, and Albia IMAP acted as advisor on some of these processes during 2025, reinforcing its expertise in this subsector.
2026 shaped by specialisation and consolidation
Overall, M&A activity in the Spanish food sector is expected to remain stable in volume in 2026, while becoming increasingly focused on key subsectors, where consolidation, professionalisation and access to capital will continue to be the main drivers of transactions.
