PROSPECTS AND OPPORTUNITIES
Meat and seafood substitutes set to benefit from strong investment in new product development
Demand for meat and seafood substitutes was negatively impacted by the "back to basics" trend in 2023 which led to a sharp decline in sales in retail volume terms. However, there are signs of recovery with the category returning to growth in retail volume terms in 2024.
Producers being forced to adapt as spike in olive oil prices hits canned seafood prices
Sales of shelf stable seafood are expected to stagnate over the forecast period. Besides the unpredictability of fish and seafood production, which largely depends on environmental factors, canned seafood producers faced the challenge of unprecedented olive oil price hikes over the last three years of the review period, an issue which continued into 2024.
Processed meat producers set to face new obstacles due to a raft of new EU regulations
Processed meat, seafood and alternatives to meat is projected to see only modest growth in retail volume terms over the forecast period. Different demographic groups will likely drive demand across the various product categories.
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Overview:
Understand the latest market trends and future growth opportunities for the Processed Meat, Seafood and Alternatives to Meat industry in Spain with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Processed Meat, Seafood and Alternatives to Meat industry in Spain, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Processed Meat, Seafood and Alternatives to Meat in Spain report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Processed Meat, Seafood and Alternatives to Meat in Spain?
- Which are the leading brands in Processed Meat, Seafood and Alternatives to Meat in Spain?
- How are products distributed in Processed Meat, Seafood and Alternatives to Meat in Spain?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Processed Meat, Seafood and Alternatives to Meat?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Spain?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Processed Meat, Seafood and Alternatives To Meat in Spain - Category analysis
KEY DATA FINDINGS
Processed meat, seafood and alternatives to meat sees a return to growth as inflation stabilises
Frozen options prove popular as air fryers become the focus of new product development
Healthier options appear in the market as players look for new ways to differentiate their products
Meat and seafood substitutes set to benefit from strong investment in new product development
Producers being forced to adapt as spike in olive oil prices hits canned seafood prices
Processed meat producers set to face new obstacles due to a raft of new EU regulations
Staple Foods in Spain - Industry Overview
Staple foods in 2024: The big picture
Key trends in 2024
Competitive Landscape
Channel developments
What next for staple foods?
DISCLAIMER
The following categories and subcategories are included:
Processed Meat, Seafood and Alternatives to Meat
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- Shelf Stable Processed Red Meat
- Shelf Stable Processed Poultry
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- Chilled Processed Red Meat
- Chilled Processed Poultry
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- Frozen Processed Red Meat
- Frozen Processed Poultry
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- Shelf Stable Seafood
- Chilled Processed Seafood
- Frozen Processed Seafood
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- Chilled Meat and Seafood Substitutes
- Frozen Meat and Seafood Substitutes
- Shelf Stable Meat and Seafood Substitutes
- Tofu and Derivatives
Processed Meat, Seafood and Alternatives to Meat
This is the aggregation of processed meat, processed seafood and meat and seafood substitutes.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Processed Meat, Seafood and Alternatives to Meat research and analysis database.
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