The
Baby Food Sector in Spain, 2018,
is an analytical report by GlobalData which provides extensive and highly
detailed current and future market trends in the Spanish market.
The
number of births fell by 35% between 2008 and 2017, with an inevitable impact
on the baby food sector. The economy also shrank, leading to falling average
incomes. The number of women in full-time employment declined, giving many
parents time to prepare home-made baby meals. Although the situation has
improved since 2014, many families are still feeling the effects.
Milks
dominate sales value, accounting for 54% in 2017. Their share has declined
slightly, as wet meals increased in importance, claiming 31% of value. Baby
milks and wet meals (Hero) are manufactured in Spain, but imports are also
high. The country is a net exporter of baby food.
Nestle
continues to dominate, followed by Hero. Two Spanish companies (Alter and
Ordesa) along with Lactalis and Danone compete lower down the rankings.
Retailers' own labels (Mercadona, Carrefour, Dia) and a few start-ups have made
some recent progress, but are still very small.
The
economic crisis speeded up the move away from pharmacies and towards food outlets,
where prices are generally lower, but some brands continue to be sold only in
pharmacies and parapharmacies.
Forecasts
for economic growth currently remain positive, although much will depend on the
outcome of the constitutional crisis caused by Catalonia's vote for
independence.
A
continued sharp decline in the number of births will dampen sales, even though
per capita consumption may see a slight rise.
Consumption
data based upon a unique combination of industry research, fieldwork, market
sizing work and our in-house expertise to offer extensive data about the trends
and dynamics affecting the industry.
Detailed
profile of the companies operating and new companies considering entry in the
industry along with their key focus product sectors.
Market
profile of the various product sectors with the key features &
developments, segmentation, per capita trends and the various manufacturers
& brands. Overview of baby food retailing with a mention of the major
retailers in the country along with the distribution channel. Future
projections considering various trends which are likely to affect the industry.
GDP
grew strongly between 2015 and 2017, following the very poor performance of the
economy between 2011 and 2013, and higher household expenditure is expected to
continue at least for the next two years, unless the Catalan situation
deteriorates drastically.
Nestle
has changed its milk line-up in Spain, and now markets principally Nan OptiPro
and Nidina, although Nativa can also still be found. Nestle's position in the
category has risen slightly, largely due to a wide product range, excellent
distribution, and its high profile in the buoyant third stage segment.
Unusually,
liquid milks retail at prices below milk powders, even when converted to an
equivalent dehydrated weight. Prices currently range from USUSD1.23 per liter
for Mercadona's own label Hacendado product to USUSD3.16 per liter for single
packs of Nestle's Nidina 2.
Cereals
have lost ground within the sector. In 2017 they accounted for only 14% of
retail sales, compared with 16.5% in 2011.
By
2017, pharmacies/parapharmacies accounted for only 38.3% of retail sales of
baby food. Food outlets account for the vast majority of sales of meals,
drinks, and finger foods, as well as for two-thirds of cereals, although
pharmacies continue to account for over half (56%) of retail sales of milks,
and a higher proportion of milks in powder form.
Recent
trends suggest that all categories will see a fall in consumption. However,
this is likely to be most pronounced in the case of baby cereals, the category
which has seen the most severe decline over the past five years and which
continues to face competition from more convenient products, including cereals
in jars and pouches.
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