The COVID-19 pandemic had a negative impact on on-trade sales of nuts during the strict national lockdown as the category was hit by the closure of foodservice outlets throughout the country in 2020. The heavy losses in the first half of 2020 due to horeca closures, however, were mitigated by a surge in retail demand for nuts in 2020 as at-home consumption of products in this category increased.
Spanish consumers continued to demonstrate a growing interest in organic products in 2020, and this trend has also been seen in nuts. Some producers in nuts are beginning to expand into organic nuts production, but it is not yet clear whether consumers will be willing to bear the increased cost of organic production in the cost of their nuts.
In the forecast period, it is expected that producers in nuts will come under increasing pressure from wholesalers to reduce their prices. Retail companies are also expected to put pressure on producers to lower their prices as retail outlets prioritise value, quality and format.
Sustainability and eco-friendly production, packaging, and distribution have become more popular across most categories in fresh food, but nuts in Spain has been slower to adapt to the sustainability trend than other categories in other countries. This trend is expected to make its mark in the category in the forecast period, however.
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Understand the latest market trends and future growth opportunities for the Nuts industry in Spain with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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This report originates from Passport, our Nuts research and analysis database.
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