Spain Food and Drink Report Q2 2010

Executive Summary ....................................................7
SWOT Analysis............................................................8
Spain Food Industry SWOT .............................................................................................. 8
Spain Drink Industry SWOT ............................................................................................. 9
Spain Mass Grocery Retail Industry SWOT.................................................................... 10
Business Environment Ratings ................................11
Core Global Industry Views...................................................................................... 11
Table: Core Views For The Food & Drink Industry ............................................ 11
Western Europe Food & Drink Business Environment Ratings ........................................... 12
Table: Western Europe Food & Drink Business Environment Q2 2010 .......................... 15
Spain’s Food & Drink Business Environment Ratings.................................................... 16
Macroeconomic Outlook.................. 17
Spain – Economic Activity .............................................................................................. 19
Food............................................................................20
Industry Forecast Scenario.............. 20
Total Food Consumption ................................................................................................ 20
Table: Spain Food Consumption Indicators – Historical Data & Forecasts ................... 21
Canned Food/Prepared Food ......................................................................................... 21
Table: Canned Food Value/Volume Sales – Historical Data & Forecasts ...................... 22
Confectionery.............................. 22
Table: Confectionery Value/Volume Sales - Historical Data & Forecasts ...................... 23
Private-Label Products............... 23
Trade .......................................... 23
Industry Developments..................... 25
Market Overview ............................. 29
Overview of Food Sector ................................................................................................ 29
Prepared Food............................ 30
Organic....................................... 30
Meat and Fish............................. 31
Eggs and Dairy........................... 31
Drink ...........................................................................32
Industry Forecast Scenario.............. 32
Hot Drinks .................................. 32
Table: Coffee Value Sales – Historical Data & Forecasts.............................................. 32
Soft Drinks.................................. 32
Table: Soft Drink Sales – Historical Data & Forecasts.................................................. 33
Alcoholic Drinks ......................... 34
Table: Alcoholic Drink Value/Volume Sales – Historical Data & Forecasts................... 35
Industry Developments..................... 36
Market Overview ............................. 38
Soft Drinks.................................. 38
Alcoholic Drinks ......................... 38
Mass Grocery Retail..................................................40
Industry Forecast Scenario.............. 40

Table: Mass Grocery Retail Sales by Format (US$bn) – Historical Data & Forecasts....................................................................................... 41
Table: Grocery Retail Sales By Format, 2008 and 2018 (%).......................................... 41
Industry Developments..................... 42
Market Overview ............................. 44
Table: Structure Of Spain's Mass Grocery Retail Market By Estimated Number of Outlets, 2002-2008 ............................................................. 45
Table: Structure Of Spain's Mass Grocery Retail Market By Value, 2002-2008 (US$mn) .................................................................................. 46
Table: Structure of Spain's Mass Grocery Retail Market by Value (EURmn).................. 46
Table: Annual Average Sales per Outlet by Format – 2008............................................ 46
Competitive Landscape............................................47
Key Players in Spain's Food Sector ................................................................................ 47
Key Players in Spain's Drink Sector ............................................................................... 48
Key Players in Spain's Mass Grocery Retail Sector........................................................ 49
Company Analysis............................ 51
Food ........................................... 51
Grupo Ebro Puleva..................... 51
Grupo Leche Pascual Alimentación................................................................................ 53
Campofrio Alimentación SA............................................................................................ 54
SOS Corporación Alimentaria ........................................................................................ 55
Drink........................................... 56
Heineken España SA................... 56
Mass Grocery Retail ................... 57
Auchan........................................ 57
Centros Comerciales Carrefour...................................................................................... 58
Eroski Group (Including Caprabo)................................................................................. 59
Mercadona.................................. 60
Appendix ....................................................................61
Country Snapshot: Spain Demographic Data...................................................................... 61
Section 1: Population.................. 61
Table: Demographic Indicators, 2005-2030................................................................... 61
Table: Rural/Urban Breakdown, 2005-2030 .................................................................. 62
Section 2: Education And Healthcare............................................................................. 62
Table: Education, 2002-2005 ......................................................................................... 62
Table: Vital Statistics, 2005-2030................................................................................... 62
Section 3: Labour Market And Spending Power ............................................................. 63
Table: Employment Indicators, 2001-2006..................................................................... 63
Table: Consumer Expenditure, 2000-2012 (US$) ........................................................... 63
Table: Average Annual Manufacturing Wages, 2000-2012 ............................................ 64
Food & Drink Methodology................................65
Food & Drink Business Environment Ratings ..................................................................... 65
Ratings Methodology .................. 65
Ratings Overview........................ 65
Ratings System............................ 65
Indicators.................................... 65
Limits Of Potential Returns............................................................................................. 66
Risks To Realisation Of Potential Returns ...................................................................... 67
Weighting.................................... 68
Weighting.................................... 68
Food & Drink Industry Glossary ................................................................................. 69
Food & Drink ............................. 69
Mass Grocery Retail ................... 69
Food & Drink Forecasting & Sourcing ....................................................................... 71
How We Generate Our Industry Forecasts ..................................................................... 71
Sourcing...................................... 72