The largest nougat companies in Jijona and Agramunt increased their profitability by 15% in 2021 despite a growth of just 2% in business volume, according to data from Infoempresa
Nougat with designation of origin is also recovering from the pandemic and increased its profits by 15% in 2021 compared to 2020. The turnover of the main manufacturers of denominations of origin such as Jijona and Agramunt amounted to a total of 229.7 million euros, 2% more, which will surely increase this year, according to data from infoempresa.com, the service digital economic-financial information of companies.
The industry market for Spanish nougat with designation of origin is dominated by Sanchis Mira, manufacturer of the AntioXixona and La Fama brands. The company achieved a turnover of 115.9M, which represents a market share of 50% over an analyzed sample of ten producers with a business volume of more than one and a half million euros. All in all, its share of the market fell 4% compared to its sales of the previous year.
The profit of the largest nougat companies in the two denominations of origin of the sector reached 14.2 million euros. The Sanchis Mira business group heads the ranking with 71% of the total profit of the best-known nougat companies and a figure of 10.1 million euros. They are followed by Torrons Vicens, Industrias Jijonencas, Turrones Jos Garrigs and Turrones Coloma. The nougat producers with designation of origin in Jijona and Agramunt employed 688 people last year, 12% more than in 2020.
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