New Market Research Report: Spain Food & Drink Report Q4 2015

From: Fast Market Research, Inc.
Published: Wed Sep 23 2015

After facing contraction in 2013 and 2014, the Spanish food and drink market is finally bound for a strong recovery in 2015, as total food consumption is set to expand by 6.3% year-on-year. Growth will moderate in the post-2015 period, resulting in a 3.8% five-year compound annual growth rate. The recovery will be driven by an improved household spending outlook, supported by the gradual improvement in consumer confidence, recovering real wages and lower income taxes.

Headline Industry Data

Food consumption (local currency) growth y-o-y in 2015: +6.3%; compound annual growth rate (CAGR) 2014-2019: +3.8%;
Per capita food consumption (local currency) growth y-o-y in 2015: +6.0%; CAGR 2014-2019: +3.5;
Soft drinks value (local currency) sales growth y-o-y in 2015: +1.4%; CAGR 2014-2019: +2.2%;
Alcoholic drinks value (local currency) sales growth y-o-y in 2015: +0.2%; CAGR 2014-2019: +0.9%;
Total mass grocery retail value sales (local currency) growth y-o-y in 2015: +6.9%; CAGR 2014-2019: +4.2%.

Full Report Details at

Key Company Trends & Developments

European Stonefruit Season Starts Smoothly : The European stonefruit market is well balanced in terms of supply and demand and is showing stability in prices, according to Catalan fruit association Afrucat. Lower volumes and high quality has led to a favourable start to the 2015 season. Afrucat expects Spanish peach and nectarine production in the current season to be about 2% lower y-o-y. Elsewhere in Europe, France is projected to see a 12% drop in production to about 205,000 tonnes, while Greek output is set to fall 26% to 545,000 tonnes after spring frosts resulted in a poor fruit set. Production in Italy is expected to increase 2%, however. Total European peach and nectarine volumes will be 6% lower y-o-y and 4% below the five-year average.

The Spain Food & Drink Report features BMI Research's market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's Spain Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Spain.

Key Benefits

* Benchmark BMI's independent food and drink industry forecasts for Spain to test other views - a key input for successful budgeting and strategic business planning in the Spanish food and drink market.

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