Spain: The ham market has collapsed again due to the crisis of the war in Ukraine

Published 2022년 6월 10일

Tridge summary

The 2022 XI World Congress of Ham (XICMJ) saw food director of Kantar, Worldpanel division, Joan Riera discussing the impact of the pandemic on consumer behaviors and channels. While there's been a surge in consumers seeking to dine out following lockdowns, a rise in raw material, energy costs, and the Ukraine conflict has dampened consumer confidence. The market has seen a growth in distribution chains offering a limited assortment of affordable brands and an increased demand for cheap options. Despite challenges, there's a gradual recovery in restaurant spending, with 80% of Spanish households preferring ham in sliced format. There's also a notable trend towards consuming premium products at home, especially Iberian ham varieties. The ham industry has shown its commitment to addressing rural depopulation and promoting social, economic, and environmental sustainability.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The XI World Congress of Ham (XICMJ) has had the participation of Joan Riera, food director of Kantar, Worldpanel division, to explain what the new consumer is like and the new channels. After two years of the pandemic, consumers have been more eager to go out and consume away from home. Good habits especially for the recovery of the value of food markets. However, the rise in prices of raw materials, energy and the conflict in Ukraine "has caused consumer confidence to plummet again." As the expert has pointed out, so far in 2022 there has been strong growth in distribution chains offering a short assortment of brands and low prices and, consequently, "a strong growth in demand for cheap brand options in the store and it seems that at the moment the savings mode in which an important part of consumers have entered this beginning of the year is winning”. Riera has highlighted that the restoration continues to recover, "although it is still far from the levels of occasions and ...

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