The consumption of dairy products in Spain stagnates due to inflation

Dairy

Spain

Market & Price Trends

Published Mar 6, 2024

Tridge summary

Dairy food consumption in Spain has seen a marginal increase of 0.16% in 2023, with a rise in imports and consumption of private label dairy foods, according to the National Federation of Dairy Industries (FeNIL). While sales of yogurts, desserts, and smoothies declined, liquid milk and cheese experienced a slight increase. However, traditional Spanish cheese sales dropped by over 3%. The inflationary crisis has led to a preference for distributor's brand or 'white label' products. The article encourages consumers to support local dairy production to preserve Spain's cultural and gastronomic identity and boost the rural economy.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Consumption of dairy foods in Spain has stagnated, while imports are growing and consumption of private label dairy foods is skyrocketing. This is revealed by the third edition of the Barometer of the dairy sector presented this Tuesday by the National Federation of Dairy Industries (FeNIL). Specifically, Spanish households consumed a total of 4,233 million tons of milk and dairy products in 2023, which represents a slight variation of +0.16% compared to the previous year, according to data prepared by Circana (formerly IRI). for FeNIL. Although total sales grew in value due to the increase in prices, the sector observes with concern the change that is occurring in consumption patterns. By category, the sales volume of yogurts and desserts fell 3.1%, as well as smoothies, which fell 2.5%. Liquid milk experienced a rise of 1.8% and, although cheese as a whole grew by 1.1%, the volume of sales of traditional Spanish cheese fell by more than 3%. Consumers take refuge in private label ...

Source: Financialfood