Get the app today! Download iPhone App Download Android App

Spanish, Portuguese Food Distribution Industry Grew In 2016: Report

Published on Nov 9 2016 12:20 PM in Retail tagged: Distribution / growth / Spanish Retail / Portuguese Retail

Spanish, Portuguese Food Distribution Industry Grew In 2016: Report

The food distribution industry in Spain and Portugal is expected to reach sales of €102.3 billion in 2016, an increase of 2.3% compared to 2015, according to figures from the Observatorio Sectorial DBK.

As reported by lainformacion.com, the cash & carry sector will gain momentum, with an estimated increase in profit of 3.5% compared to last year. This is due to an increase in consumption by Spanish and Portuguese households.

In Spain, the market grew by 1.9% to €85.5 billion, while Portuguese markets increased by 1% to €14.5 billion.

The report credited the growth to an increase in visits to food retailers, as well as the growing importance of fresh produce to consumers.

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Gabriela Guédez. To subscribe to ESM: The European Supermarket Magazine, click here.

Share on Facebook Share on Twitter Share on LinkedIn Share via Email