The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: We expect Spain's Mass Grocery Retail (MGR) sector to experience moderate growth over our
five-year forecast period, as the industry undergoes greater consolidation driven primarily by convenience
and discount formats. While a strengthening labour market and low inflation levels will support steady,
albeit unimpressive, growth levels in the Spanish food and drink sector.
Key Trends & Industry Developments
? We have identified the northern regions in the country, including the Basque country, as being areas
primed for greater consolidation by mass grocery retailers.
? Mercadona has plans to open four stores in neighbouring Portugal by 2019, the first foreign investment
by the family-owned group after a rapid expansion in its domestic market.
? We hold our view that the discount segment will remain the most promising category in the MGR sector
over the next five years.
? While we forecast the Spanish alcoholic drinks industry to sustain positive growth rates over the next five
years, the pace of expansion will remain slow.