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January 19, 2022updated 25 Jan 2022 12:13pm

Capsa Food enters plant-based tie-up with Spain’s Liquats Vegetals

The companies have joined together in a “multi-category project” with the purpose to “promote plant alternatives through innovation”.

By Simon Harvey

Capsa Food, a dairy business in Spain, has entered a plant-based partnership with local beverages maker Liquats Vegetals.

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  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
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The companies have joined together in a “multi-category project” with the purpose to “promote plant alternatives through innovation”, according to a statement.

Family-owned Liquats Vegetals, founded in 1991, produces a range of drinks made from oats, almonds, soy and rice. Capsa Food supplies milk, butter, cream and other dairy products, and also ingredients to food manufacturers. It supplies retailers such as Carrefour, Eroski and Condis, and is also present online at Amazon.

Laura Erra, the CEO of Liquats Vegetals, said: “This agreement will allow us to strengthen the value of the clean label for a healthier diet in our living standards and in the leadership and development of plant-based categories in Spain”.

Just Food has asked Capsa Food for more specific details on the products that will be developed through the tie-up.

B-Corp certified Capsa Food generates a turnover of EUR738m (US$836.4m) and a net profit of EUR22m, its website shows. The company operates six factories employing 1,300 people and exports to more than 40 countries, as well as supplying the Spanish market.

Its brands include Central Lechera Asturiana, Larsa, ATO, 39ytu, Vega de Oro and Asana, while the firm also operates the Innova Food Ingredients arm. The products employ natural ingredients with no added sugars or additives.

José Armando Tellado, Capsa Food’s general director, added: “This agreement reinforces the commitment of both companies to lead a food of the future: healthy, natural and sustainable.”

Girona-based Liquats Vegetals produces the plant-based beverage lines Yosoy, Yosoy Ecológico, Monsoy, Almendrola and Natrue. It supplies the Spanish market and also exports to more than 25 countries.

Capsa Food, based in Asturias, took an undisclosed controlling stake in dairy peer Flor de Burgos in 2020.

Read Just Food’s guide: The dairy companies also present in dairy alternatives

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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