Capsa Food
Capsa Food is Spain's leading dairy company producing milk, cream, butter, cheese, and yogurt under brands including Central Lechera Asturiana and Larsa. The cooperative-owned firm operates six production centers, exports to 50+ countries, and is expanding into plant-based beverages and precision nutrition.
- Company typePrivate
- Founded1990
- HeadquartersSiero, Spain
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Capsa Food does
Capsa Food (legal name Corporación Alimentaria Peñasanta S.A.) is the leading Spanish dairy company, headquartered in Siero, Asturias, operating six production centers across Spain and distributing to more than 50 countries internationally. The company produces and markets a full dairy portfolio — liquid milk, cream, butter, cheese, and yogurt — anchored by the Central Lechera Asturiana brand (the third most chosen brand in Spain, present in 56.7% of Spanish households), Larsa (Galician market leader for five consecutive years), ATO, Flor de Burgos (cheese), Innova Food Ingredients, and Vega de Oro. Capsa Food owns Central Lechera Asturiana SAT, a cooperative of 6,594 farmer-members providing vertically integrated raw milk supply (825 active suppliers, 839.3 million liters annually), and operates agricultural and circular-economy subsidiaries ASA, ASEAGRO, CLAS Gestión, and BIOGASTUR.
The portfolio has been deliberately extended beyond core dairy into plant-based beverages (Vegetanea, launched July 2022 with soy, oat, almond, and rice drinks), precision nutrition (39ytu microbiome-based personalization), organic snacks (ASANA BIO), cheese (Flor de Burgos fully acquired 2023, 40% of Quescrem acquired July 2024), natural isotonic drinks (RAW Superdrink investment), and pet food (DAIRYPET/YOWUP via CAPSA VIDA). CAPSA VIDA, launched in October 2019 with a €5 million budget, functions as the company's external innovation and impact-investment vehicle, with partnerships spanning KM ZERO Food Innovation Hub, IMOMA (oncological and molecular medicine), Cantabria Labs (pharmacy-channel nutrition), Catholic University of Murcia (probiotics JV), and Entomo Agroindustrial (insect-based waste bioconversion).
The business model is predominantly transactional product sales through mass-market retail grocery (56.7% household penetration), a leading foodservice/hosteleria channel (40% market share), vending (via Delikia partnership), e-commerce, and international distributor networks. Standalone revenue reached €968.5 million in 2023 (8% YoY growth), with group consolidated revenue of €1.0547 billion and international revenue exceeding €100 million. Pricing is unit-based (e.g., Vegetanea retail pricing of €1.24-€1.74 per carton). The company pursues a Triple Impact (economic, social, environmental) strategy and holds multiple first-mover certifications including B Corp (June 2020, recertified May 2025), AENOR carbon-neutral (scope 1+2), zero-waste, certified circular economy strategy, EFQM 500+ European Excellence, and continuous Top Employer status since 2016.
Capsa Food firmographics
Firmographics- Name
- Capsa Food
- Legal name
- Corporación Alimentaria Peñasanta S.A.
- Website
- https://capsafood.com
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Capsa Food is Spain's leading dairy company producing milk, cream, butter, cheese, and yogurt under brands including Central Lechera Asturiana and Larsa. The cooperative-owned firm operates six production centers, exports to 50+ countries, and is expanding into plant-based beverages and precision nutrition.
- Ownership category
- akta.pro rank
Capsa Food industry classification
Industry- Product category
- Dairy Products
- NAICS
- Dairy Product Manufacturing (3115), Dairy Product (except Frozen) Manufacturing (31151), Food Manufacturing (311)
- SIC
- Dairy Products (2020), Food And Kindred Products (2000)
- akta.pro primary industry
- Yogurt & Cultured Dairy (Yogurt, Kefir, Sour Cream, Cottage Cheese) (CRADACAB)
Keywords
Where Capsa Food is headquartered
LocationHeadquarters
- HQ city
- Siero
- HQ country
- Spain
- HQ region
- Europe
Offices4 records
Markets served
Capsa Food business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Dairy Product Sales: Sales of liquid milk, cream, butter, cheese, and yogurt products through retail, foodservice, and B2B channels in Spain and international markets.
- Plant-Based Alternatives: Sales of Vegetanea brand 100% vegetable drinks (soy, oat, almond, rice) positioned for lactose-intolerant consumers, flexitarians, and vegetarians.
- International Export: International sales contributing over 50% of results with revenue exceeding 100 million euros, presence in over 50 countries.
- Functional Nutrition Products: Specialized nutritional products through pharmacy channel in partnership with Cantabria Labs for patients with higher nutrient requirements.
- Pet Food (DAIRYPET/YOWUP): Investment in pet food startup through CAPSA VIDA vehicle.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Vegetanea Plant-Based Drinks - Standard Pricing |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
Capsa Food product offering
Product offeringCore offering
Capsa Food manufactures and distributes a multi-brand portfolio of dairy products (liquid milk, cream, butter, cheese, yogurt) and adjacent food categories including plant-based beverages (Vegetánea), food ingredients (Innova Food Ingredients), and functional/precision nutrition products (39ytu). The company sells these products through Spanish retail grocery, foodservice/hospitality, vending, and international distributor networks spanning more than 50 countries, while supporting its supply chain through a cooperative of over 6,594 livestock farmer partners.
Product overview
CAPSA FOOD (Corporación Alimentaria Peñasanta S.A.) is a Spanish dairy company operating as a multi-brand portfolio. The core offering centers on Central Lechera Asturiana (the leading Spanish dairy brand), alongside regional brands Larsa (Galicia), ATO, Flor de Burgos (cheese), Innova Food Ingredients, and Vega de Oro. The company has expanded into adjacent categories including plant-based beverages (Vegetánea), organic foods (ASANA BIO), precision nutrition (39ytu), organic isotonic drinks (RAW Superdrink), and pet food (through DAIRYPET/YOWUP investment). CAPSA FOOD also operates CAPSA VIDA, its impact investment vehicle for food innovation. The group includes subsidiaries ASA (agricultural services), ASEAGRO, CLAS GESTIÓN, and BIOGASTUR (circular economy).
Differentiator
Problem solved
Functional benefit
Brands
- Central Lechera Asturiana: Primary dairy brand - milk, cream, butter products
- Larsa
- ATO
- Flor de Burgos
- Vega de Oro
- Innova Food Ingredients
- Vegetanea
- CAPSA VIDA
- 39ytu
- ASANA BIO
- El Maestro Quesero
Products and services
- Central Lechera Asturiana
Quantifiable outcome
- Third most chosen brand in Spain, present in 56.7% of households
- +3 more outcomes
Companies that use Capsa Food
Customer profileNamed customers1 record
Ideal customer profiles3 records
Capsa Food technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Capsa Food partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered minor and core.
- EDPminorRenewed agreement to promote energy self-consumption among livestock farmers, supporting environmental sustainability in farming operations.
- ARCA (Asturias Rural Accommodation Association)minorJoint MOVILIZATE #porturural movement supporting rural tourism and natural space protection through 'Change of Scenery' initiative.
- Central University Hospital of AsturiascoreLeading microbiota study in elderly population with 35+ multidisciplinary researchers to characterize intestinal metagenome for healthy aging.
- Grupo El GaiterocoreCheese and cider pairing promotion project 'Queso y sidra, sidra y queso' showcasing Asturian gastronomic tradition through virtual tastings, cross sales, and joint events.
- Asturias Paraíso Natural International Cheese FestivalcorePreferred partner status for the international cheese festival, promoting dairy sector and Asturias through cheese market presence, championship sponsorships, and recipe books.
- SODECOminorCAPSA VIDA and SODECO partnership to promote economic development and environmental clean-up in mining regions.
- KM ZERO Food Innovation HubminorCollaboration to promote disruptive startups in the agri-food sector, combining CAPSA FOOD's industry expertise with KM ZERO's innovation ecosystem.
- CHEPminorCollaborative transport solutions with Henkel and CAPSA FOOD to reduce emissions and empty kilometers through shared pallet pooling.
- DelikiacoreThree-year collaboration agreement between CAPSA FOOD (leading Spanish dairy) and Delikia (leading Spanish vending machine operator) to innovate products and processes in the vending channel.
- IMOMA (Asturias Institute of Oncological and Molecular Medicine)corePartnership for scientific and technological development of products and services aimed at improving health through precision nutrition and microbiome research.
- LEGOminorCollaboration to promote knowledge about nutrition and child development, leveraging LEGO's brand appeal for educational content.
- Entomo AgroindustrialminorJoint project for insect-based waste bioconversion technology transforming industrial waste into animal feed ingredients.
- NortpaletminorPartnership to manufacture plastic pallets from recycled waste, supporting circular economy and sustainability objectives.
- Catholic University of MurciaminorSAN ANTONIO BIOTICS joint venture for functional probiotics research designed for clinical, preventive, and therapeutic applications related to microbiota.
- Cantabria LabscoreJoint development and commercialization of NMCLA nutritional formula line for pharmacy channel, consisting of complete liquid diets for patients with higher nutrient requirements.
- LIBERA Project (SEO/BirdLife and ECOEMBES)minorAnti-littering initiative 'LIBERA unidos contra la basuraleza' to keep natural spaces free of garbage through community clean-up events.
Scale indicators12 records
Recent moves7 records
Expansion highlights6 records
Capsa Food competitors and assessment
Company assessmentBroad incumbents
- Danone: Danone is a Paris-listed global food company with a major dairy and plant-based portfolio (including Alpro). It is comparable to Capsa Food as a multi-brand dairy leader with a strategic plant-based expansion (Vegetanea parallels Alpro).
- Schreiber Foods: Schreiber Foods is a US-based private dairy company specializing in cheese, yogurt, and cream cheese for retail and foodservice. It is comparable to Capsa Food as a private dairy manufacturer with strong foodservice relationships and cheese category focus (similar to the Flor de Burgos and Quescrem acquisitions).
- Lactalis: Lactalis is the world's largest dairy company and a private French multinational producing milk, cheese, butter, and cream. It is comparable to Capsa Food as a multi-brand dairy manufacturer with extensive international reach and a similar multi-category portfolio.
Direct peers
- Arla Foods: Arla Foods is a Danish-Swedish dairy cooperative owned by farmers across multiple European countries, producing milk, yogurt, butter, and cheese. It is directly comparable to Capsa Food given its cooperative farmer-owned structure, multi-brand strategy, and strong European retail presence.
- FrieslandCampina: FrieslandCampina is a Dutch dairy cooperative owned by farmers, producing milk, cheese, butter, and ingredients globally. It is directly comparable to Capsa Food given its cooperative ownership structure, farmer-member model, and broad dairy portfolio with international reach.
- Savencia Fromage & Dairy: Savencia is a French dairy company specializing in cheese and dairy specialties with global operations. It is comparable to Capsa Food given its cheese category focus and European multi-brand approach similar to the Flor de Burgos strategy.
- Müller: Unternehmensgruppe Theo Müller is a German dairy company producing milk, yogurt, and cheese under the Müller and Weihenstephan brands. It is comparable to Capsa Food as a multi-brand European dairy manufacturer with strong retail presence in adjacent geographies.
- Sodiaal: Sodiaal is France's leading dairy cooperative, owned by French farmers, producing milk, butter, cheese, and yogurt under brands like Yoplait and Candia. It is directly comparable to Capsa Food given its cooperative farmer ownership model and full-category dairy portfolio.
- DMK Deutsches Milchkontor: DMK is one of Germany's largest dairy cooperatives, producing milk, cheese, butter, and ice cream under brands like Milram and Oldenburger. It is directly comparable to Capsa Food as a European dairy cooperative with similar scale (~€4B revenue), multi-brand strategy, and foodservice exposure.
- Grupo Leche Pascual: Grupo Leche Pascual is a Spanish dairy company producing milk, yogurt, and other dairy products under the Pascual and Bezoya brands. It is directly comparable to Capsa Food as a head-to-head Spanish dairy competitor with overlapping retail and foodservice channels.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Capsa Food social profiles
Digital presenceCapsa Food compliance and trust
Trust signalCompliance11 records
Capsa Food financial estimates
Financial estimateRevenue estimate
Valuation estimate
Capsa Food leadership team
Management profileNumber of profiles
Profiles3 records
Capsa Food subsidiaries and ownership
Company hierarchySubsidiaries6 records
Capsa Food funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Capsa Food M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Capsa Food
What does Capsa Food do?
Capsa Food manufactures and distributes a multi-brand portfolio of dairy products (liquid milk, cream, butter, cheese, yogurt) and adjacent food categories including plant-based beverages (Vegetánea), food ingredients (Innova Food Ingredients), and functional/precision nutrition products (39ytu). The company sells these products through Spanish retail grocery, foodservice/hospitality, vending, and international distributor networks spanning more than 50 countries, while supporting its supply chain through a cooperative of over 6,594 livestock farmer partners.
Is Capsa Food a public or private company?
Capsa Food is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Capsa Food founded?
Capsa Food was founded in 1990. It employs 1,001 to 5,000 people.
Where is Capsa Food based?
Capsa Food is headquartered in Siero, Spain, in the Europe region.
How does Capsa Food make money?
Five revenue lines are on record. Dairy Product Sales are the primary driver. The others are plant-Based Alternatives, international Export, functional Nutrition Products and pet Food (DAIRYPET/YOWUP).
Who are Capsa Food's main competitors?
Broad incumbents on record are Danone, Schreiber Foods and Lactalis. Direct peers are Arla Foods, FrieslandCampina, Savencia Fromage & Dairy, Müller, Sodiaal, DMK Deutsches Milchkontor and Grupo Leche Pascual.
Does Capsa Food have an API?
No public API is recorded for Capsa Food.
What industry is Capsa Food in?
Capsa Food's product category is Dairy Products. Its primary akta.pro industry code is CRADACAB, Yogurt & Cultured Dairy (Yogurt, Kefir, Sour Cream, Cottage Cheese). Its NAICS code is 3115 and its SIC code is 2020.