Industry revenue of »retail sale in non-specialised stores with food« in Spain 2011-2023

Battling two recessions in a decade, Spain has displayed a remarkable recovery and is leading the way on Eurozone growth. Good governance policies have ensured the inflation rate is kept under check and consumer spending hasn’t been affected. With increasing disposable income, expenditure on essentials such as food and beverages is on the rise. Revenue from retail sale in non-specialised stores with food and food products is expected to touch nearly 102 billion U.S. dollars in 2023.

Supermarkets and Hypermarkets on the rise

Ease of convenience and a variety of product line is driving more and more people to buy groceries and food items from supermarkets and hypermarkets. The market has been growing and in 2018, there were nearly 22,900 supermarket and hypermarket stores. Mercadona is one of the biggest supermarket chains in Spain.

Growing online trends

With the growing digital marketing trends, many people are turning towards online shopping, and this trend is expected to continue in the years to come. Initially limited to apparels and accessories, people have now started to buy groceries, food and beverages online. As such, more than seven million shoppers purchased food and beverages online in 2018. This number is expected to touch 10 million by 2022, and should come as no surprise, as digital media is growing at a rapid pace.

Industry revenue of »retail sale in non-specialised stores with food« in Spain from 2011 to 2023

Revenue in billion U.S. Dollars
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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Spain. The industry “retail sale in non-specialised stores with food, beverages or tobacco predominating“ has the code “G4711“.

Details on the methodology can be found here.

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