View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 15, 2021updated 11 May 2021 3:16pm

Spain’s Vicky Foods seeks to boost international presence with new plant

By Andy Coyne

Spain-based Vicky Foods is aiming to grow its business in France through the construction of its first production facility in the country.

Free Report
img

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.

The company, which makes pastry and baked goods as well as smoothies, salads, spreadables, soups and baby food, said it will invest EUR45m (US$53.9m) in a new 21,100 square-meter facility that is expected to be operational during the last quarter of 2022. Some 100 jobs will be created from the project.

The company, trading as Grupo Dulcesol until 2019, said it hopes to strengthen its presence in the French market, which in 2020 accounted for 36% of its international business volume.

The facility will be used for the production of pastry and baked goods. Vicky Foods said it expects to manufacture more than 14,000 tons of produce there and generate site-linked sales of EUR25m in its first year of operation.

Located in Fragnes-La Loyère in the Burgundy-Franche-Comté region, Vicky suggests the new facility will allow it to supply to the French market as well as other neighbouring countries such as Germany, Switzerland and northern Italy.

It will be Vicky Foods' second international production facility - it also has a factory in Algeria, launched in 2014. It has three plants in its domestic market.

The family-owned business, which employs more than 2,400 people, owns brands such as Dulcesol, Horno Hermanos Juan and Be Plus.

In 2020, its turnover amounted to EUR376m. Some EUR78m of that came from exports, with France, Portugal, Algeria, the UK and Italy being key markets.

Related Companies

Free Report
img

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.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food