Staple foods in 2024: The big picture
Sales of staple foods have seen a modest return to growth in retail volume terms in 2024 with growth being supported by the fact that these are seen as essential items in the basic basket of goods among many Spanish households. Additionally, inflation has been brought under control, which has encouraged consumers to return to their usual consumption levels.
Key trends in 2024
Although price remains a crucial factor in the purchasing decision for staple foods in 2024, a partial recovery in the purchasing power of locals has led health-conscious consumers to seek out products that provide additional health benefits. Producers are therefore focusing their innovation efforts on delivering products that cater to popular health and wellness claims, such as natural ingredients, "better for you" (free from certain ingredients), energy boosting, high protein, and plant-based options.
Competitive Landscape
Private label continues to gain share in most categories of staple foods in 2024. Due to the high rates of inflation seen in Spain in 2022 and 2023 consumers have become more price-conscious.
Channel developments
As inflation soared in 2022/2023 some consumers began switching between different retailers to obtain the best prices. However, in 2024 as prices have begun to stabilise Spaniards have been reverting back to shopping at a single store for convenience.
What next for staple foods?
The growth of staple foods is expected to be heavily linked to demographic factors. For instance, according to the latest report from the National Statistics Institute (INE), single-person households will see the highest growth over the forecast period.
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Overview:
Understand the latest market trends and future growth opportunities for the Staple Foods 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 Staple Foods 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 Staple Foods 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 Staple Foods in Spain?
- Which are the leading brands in Staple Foods in Spain?
- How are products distributed in Staple Foods 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 Staple Foods?
- 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?
Staple Foods in Spain
Staple foods in 2024: The big picture
Key trends in 2024
Competitive Landscape
Channel developments
What next for staple foods?
DISCLAIMER
Baked Goods in Spain
KEY DATA FINDINGS
Government reduces VAT on bread to support consumption while players focus on healthier options to drive demand
Tortillas thriving as consumers embrace new taste experiences
Consumers take a quality over quantity approach to cakes and pastries
Gluten free baked goods seen to be full of potential
Consumers likely to be attracted to new and modern flavours in dessert pies and tarts
Sustainability efforts set to return to the fore as economic pressures subside
Breakfast Cereals in Spain
KEY DATA FINDINGS
Hot cereals winning over health conscious consumers but lack of innovation limits demand
Muesli and granola thriving as healthier options hit the market and new players add variety
Private label the big winner as households feel the pinch but leading players regain ground in children’s breakfast cereals
Health and indulgence likely to remain the key focus on new product development in breakfast cereals
Children’s breakfast cereals set for flat growth as the category faces new challenges and opportunities
Tourism should help boost foodservice sales
Processed Fruit and Vegetables in Spain
KEY DATA FINDINGS
Sales of shelf stable products under pressure due to competition from alternative options
Private label cements its dominance in processed fruit and vegetables with Mercadona leading the way
Frozen processed fruit and vegetables prove popular in 2024 as inflation stabilises and consumers go in search of convenience
Category maturity could limit the growth of shelf stable fruit and vegetables
Sales could stagnate as consumers look for fresher and healthier options
Players will need to adapt as climate change presents a growing threat to fruit and vegetable harvests
Processed Meat, Seafood and Alternatives To Meat in Spain
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
Rice, Pasta and Noodles in Spain
KEY DATA FINDINGS
Sales of chilled pasta on the rise as retailers expand their private label offerings and consumers go in search of quick and tasty meal solutions
Rice on the path to recovery as India lifts its export ban and prices stabilise
Noodles continues to gain momentum thanks to the strong demand for Asian cuisine and quick and simple meals
Brand manufacturers expected to focus on premiumisation to fend off competition from private label
Gluten free pasta expected to become more widely available over the forecast period
Rice producers expected to focus on sustainability while sales could suffer from the maturity of demand
The following categories and subcategories are included:
Staple Foods
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- Packaged Flat Bread
- Unpackaged Flat Bread
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- Packaged Leavened Bread
- Unpackaged Leavened Bread
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- Packaged Cakes
- Unpackaged Cakes
- Dessert Mixes
- Frozen Baked Goods
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- Packaged Pastries
- Unpackaged Pastries
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- Sweet Pies and Tarts
- Frozen Cakes, Sweet Pies and Tarts
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- Hot Cereals
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- Children's Breakfast Cereals
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- Flakes
- Muesli and Granola
- Other RTE Cereals
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- Shelf Stable Beans
- Shelf Stable Fruit
- Shelf Stable Tomatoes
- Shelf Stable Vegetables
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- Frozen Fruit
- Frozen Processed Potatoes
- Frozen Processed Vegetables
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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
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- Chilled Noodles
- Frozen Noodles
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- Instant Noodle Cups
- Instant Noodle Pouches
- Plain Noodles
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- Chilled Pasta
- Dried Pasta
- Rice
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Staple Foods
NOTE: Couscous, polenta and quinoa are excluded from staple foods.
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This report originates from Passport, our Staple Foods research and analysis database.
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