Despite the Spanish government reducing VAT rates and even placing a 0% VAT rate on foods like fruit and vegetables and bread, food prices continued to grow in 2023, with Spain continuing to experience elevated inflation. While some consumer foodservice operators managed to maintain their price increases below the inflation level, this was not possible for hypermarkets due to the thin margins that most operate on. Additionally, alongside rising food prices, hypermarkets also had to contend with...
Euromonitor International's Hypermarkets in Spain report offers insight into key trends and developments driving the industry. The report examines all retail channels to provide sector insight. Channels include hypermarkets, supermarkets, discounters, convenience stores, mixed retailers, health and beauty retailers, clothing and footwear retailers, furniture and furnishing stores, DIY and hardware stores, durable goods retailers, leisure and personal goods retailers. There are profiles of leading retailers, with analysis of their performance and the challenges they face. There is also analysis of non-store retailing: vending; homeshopping; internet retailing; direct selling, as available.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Hypermarkets market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Hypermarkets in Spain
Euromonitor International
February 2024
List Of Contents And Tables
HYPERMARKETS IN SPAIN
KEY DATA FINDINGS
2023 DEVELOPMENTS
Hypermarkets under pressure due to elevated inflation
Focus on sustainability and local produce intensifying and informing company strategies
Increased foodservice offer as players look for new sales opportunities
PROSPECTS AND OPPORTUNITIES
Omnichannel approach to continue driving the development of hypermarkets
Relatively low penetration leaves room for expansion for hypermarkets
Hypermarkets expected to look to get more out of their stores
CHANNEL DATA
Table 1 Hypermarkets: Value Sales, Outlets and Selling Space 2018-2023
Table 2 Hypermarkets: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 3 Hypermarkets GBO Company Shares: % Value 2019-2023
Table 4 Hypermarkets GBN Brand Shares: % Value 2020-2023