The consumption outside the home drives the business of the wholesale industry

The upward trend of eating outside the home fueled the strength of the business of wholesalers of hospitality in 2019. The turnover of enterprises that procured

The consumption outside the home drives the business of the wholesale industry

The upward trend of eating outside the home fueled the strength of the business of wholesalers of hospitality in 2019. The turnover of enterprises that procured to the bars and restaurants rose 3.1% in 2019, up to a total of 7.420 billion euros. They will have to add the 4.150 million that went to the so-called cash & carry, hypermarkets and wholesalers such as Makro or Max Discount (Dia). The business of these establishments, however, experienced a much slower growth of just 1.2%, according to a study of Reports.

The consultant has been analyzed in the Observatory Sector DBK "Wholesale power in the hospitality industry" the situation of the food and beverage companies that deliver to bars and restaurants in spain. According to this analysis, these 44.640 businesses received 36.5% of the purchases of food and beverages conducted by the hospitality industry, and billed in the aggregate in 20169 7.420 billion euros, 3.1% more than in 2018. Although the growth was robust, it was five-tenths lower than that experienced by 2018 compared to the previous year.

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The increase in consumption outside the home is responsible for these growths, while the study detected a "gradual loss of dynamism of this type of consumption, which explains the slowdown of last year with respect to the previous, slowing that will continue to 2020 with an expected growth rate of 2.6%. The signature of business analysis predicted that the activity of these wholesalers maintain a trend of "moderate growth" in the next few years, in a context of economic slowdown.

these companies supplying power have to add up the establishments cash & carry. They are, according to the study, 816 establishments, whose revenues reached in 2019 to 4150 million of euros, so the combined turnover of the suppliers of the hospitality industry is 11.570 million euros. In this case, the business of these large aprovisionadores grew at a pace lower than the sector, with just 1.2%. In this case, it is an acceleration compared with the growth of 0.6% between 2018 and 2017, although the company anticipates a new halt in 2020, up 0.7%.

In the case of the cash & carry, Reports highlights that there is a sector highly concentrated, in which the top five companies account for a 62% of the business, with large chains that have dozens of establishments across the country. In contrast, in the rest of the sector shows a great fragmentation, with a multitude of smes and of small size. The first five companies just account for 14% of the market.

Updated Date: 21 January 2020, 23:00

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