Spain’s top Spanish FMCG companies by revenue in FY2024 are led by Ebro Foods (€3.254 billion), followed by Campofrío (€2.100 billion), Damm (€2.025 billion) and Mahou San Miguel (€1.917 billion), based on published annual financial reports.

The Spanish FMCG manufacturing sector remained industrially concentrated in 2024, with rice, pasta, beer, processed meat and olive oil producers accounting for the highest branded consumer turnover.

This ranking analyses the ten highest-revenue Spanish-headquartered FMCG companies using verified FY2024 disclosures. Only companies headquartered in Spain and focused primarily on branded consumer food and beverage categories are included.

FY2024 Revenue Ranking

Rank Company FY2024 Revenue Core Category
1 Ebro Foods €3.254 B Rice & Pasta
2 Campofrío Food Group (Sigma) €2.100 B Processed Meat
3 Damm €2.025 B Beer & Beverages
4 Mahou San Miguel €1.917 B Beer & Beverages
5 Grupo Fuertes (ElPozo) €1.845 B Meat & Processed Foods
6 Casa Tarradellas €1.501 B Pizza & Charcuterie
7 Deoleo €1.032 B Olive Oil
8 Hijos de Rivera €886 M Beer (Estrella Galicia)
9 Nauterra (formerly Calvo) €727 M Canned Seafood
10 Grupo Gullón €690 M Biscuits

Figures based on FY2024 annual reports and official financial disclosures. Minor rounding applied.

1. Ebro Foods

FY2024 revenue: €3.254 billion

Headquartered in Madrid, Ebro Foods remains Spain’s largest FMCG manufacturer by turnover.

Founded in 2000 following restructuring of historic agri-food assets, the group leads in:

  • Rice (Brillante)
  • Pasta (Garofalo, Panzani)
  • Ambient grocery staples

Ebro’s scale shapes shelf allocation in dry grocery and generates high packaging volumes across paperboard and flexible formats. Export exposure remains central to its profitability model.

2. Campofrío Food Group

FY2024 revenue: €2.100 billion

Founded in Burgos in 1952, Campofrío is now part of Mexico-based Sigma Alimentos. Despite foreign ownership, production remains deeply embedded in Spain.

Core segments include:

  • Cooked ham
  • Sausages
  • Chilled ready meals

Processed meat remains one of Spain’s highest-value FMCG categories. Automation and energy efficiency investments have been central to margin protection.

3. Damm

FY2024 revenue: €2.025 billion

Founded in 1876 and headquartered in Barcelona, Damm is one of Spain’s largest beverage manufacturers.

Core categories:

  • Beer (Estrella Damm)

  • Bottled water

  • Dairy products

The company exceeded the €2 billion threshold for the second consecutive year in FY2024, positioning it among the country’s leading Spanish-owned FMCG groups.

Damm maintains strong distribution across national supermarket chains and horeca channels. Its production scale generates significant demand across glass and aluminium packaging systems, reinforcing its structural role within Spain’s beverage supply chain.

4. Mahou San Miguel

FY2024 revenue: €1.917 billion

Founded in 1890, Mahou San Miguel remains Spain’s largest Spanish-owned brewing group by brand portfolio.

Operations include:

  • Beer
  • Alcohol-free variants
  • Water
  • Hospitality and experience divisions

Mahou continues expanding international presence while defending domestic share against Damm and Hijos de Rivera.

5. Grupo Fuertes

FY2024 revenue: €1.845 billion

Grupo Fuertes, owner of ElPozo Alimentación, remains one of Spain’s largest protein manufacturers.

Core activities:

  • Pork processing
  • Value-added protein
  • Export meat distribution

Chilled logistics and feed cost volatility remain structural risk factors within the protein segment.

6. Casa Tarradellas

FY2024 revenue: €1.501 billion

Founded in 1976 in Catalonia, Casa Tarradellas crossed the €1.5 billion threshold following a record year.

The company leads in:

  • Fresh pizza
  • Cooked meats
  • Chilled prepared foods

Its strong supermarket partnerships underpin chilled convenience growth.

7. Deoleo

FY2024 revenue: €1.032 billion

Founded in 2008 following the restructuring of several historic Spanish olive oil assets, Deoleo is headquartered in Madrid and is the world’s largest olive oil bottler.

Core brands:

  • Bertolli

  • Carbonell

  • Carapelli

The company surpassed the €1 billion revenue mark in FY2024, reflecting strong international pricing dynamics and export exposure.

Despite volatility in olive oil raw material costs, Deoleo remains a critical pillar of Spain’s edible oil exports and global bottled olive oil distribution network.

Olive oil continues to represent one of Spain’s most strategically important FMCG categories, both domestically and in international trade.

8. Hijos de Rivera

FY2024 revenue: €886 million

Founded in 1906 in A Coruña, Hijos de Rivera is the producer of the Estrella Galicia beer brand.

Core categories:

  • Beer

  • Alcohol-free variants

  • Cider

The company operates brewing facilities in Galicia and maintains distribution across Spain and international markets.

With FY2024 revenue approaching €900 million, Hijos de Rivera ranks among Spain’s largest Spanish-owned beer manufacturers.

9. Nauterra

FY2024 revenue: €727 million

Founded in 1940 in Galicia as Grupo Calvo, the company rebranded to Nauterra in recent years to reflect its broader international seafood positioning.

Core categories:

  • Canned tuna

  • Canned seafood

  • Ready seafood meals

The company operates production facilities in Spain and internationally, with strong export exposure.

Canned seafood remains a high-rotation supermarket category in Spain, with metal packaging playing a central role in its industrial structure.

10. Grupo Gullón

FY2024 revenue: €690 million

Founded in 1892, Grupo Gullón remains one of Europe’s leading biscuit manufacturers.

The company is heavily involved in:

  • Health-oriented biscuits
  • Private label bakery
  • Export markets

Private label competition remains intense within the biscuit category.

Structural Market Observations

Beer Rivalry and Consolidation

Damm, Mahou San Miguel and Hijos de Rivera represent a concentrated Spanish brewing structure. Damm’s scale advantage in FY2024 reinforces competitive pressure in Iberian retail.

Protein and Chilled Dominance

Grupo Fuertes and Campofrío anchor Spain’s protein economy. Automation and energy efficiency remain critical to cost stability.

Export-Led Staples

Ebro Foods and Deoleo illustrate Spain’s export strength in rice, pasta and olive oil. Currency exposure and commodity volatility remain ongoing variables.

Industry Direction Entering 2026

Spanish FMCG manufacturing is characterised by:

  • Strong export integration
  • Increased automation investment
  • Packaging sustainability compliance
  • Margin recovery following inflationary peaks

Supermarket concentration continues strengthening retailer negotiating leverage.

Domestic manufacturers with export diversification and scale remain structurally resilient.

Conclusion

The ranking of Spanish FMCG companies by revenue in FY2024 reflects a market led by rice and pasta manufacturing, followed closely by processed meat and beer production.

Ebro Foods remains the largest domestic manufacturer. Damm and Mahou compete intensely within beer. Olive oil and protein categories retain export and domestic relevance.

Across the Spain supermarket landscape, these manufacturers remain central to category planning, promotional cycles and shelf allocation. At the same time, rising Spain private label penetration continues to influence margin structures, contract negotiations and production volumes, particularly in biscuits, chilled foods and ambient staples.

Spain’s FMCG structure remains industrially consolidated, regionally anchored and deeply integrated into supermarket supply chains, private label development pipelines and national packaging systems.

Editor’s Note: All figures are based on publicly available FY2024 annual reports and official company disclosures. Revenues are presented in euros as reported. Minor rounding applied where necessary. Where consolidated and pro-forma reporting differ, the officially reported FY2024 total has been used.