Spain Food & Drink Q3 2019
Premiumisation, convenience and rising health awareness are the key trends driving growth in Spain's food anddrink market. A brighter economic outlook compared to its eurozone peers also underpins our solid growth forecasts for foodand drink spending in Spain, with categories such as coffee, dairy products and bread, rice and cereals performing well. Strongcompetition in mass grocery retail, notably from discounters and the emergence of online players, will encourage storerefurbishments and modernisation programmes at major retailers, particularly those exposed to hypermarkets which areunderperforming.
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