Spain Food Colorants Market-Growth, Trends and Forecast (2020-2025)

The Spain food colorant market is forecasted to grow with a CAGR of 3.6% during the forecast period (2020-2025).

• The market is majorly driven by its extensive use in each processed food sector of food and beverage industries, which include beverages, bakery, confectionery, dairy, oils, fats, spices, and others, as its main purpose is to bring back the food color that is lost during the process of preparation. In Spain, food colors are regulated as food additives, under a comprehensive set of regulations, for food improvement agents, and the country has 39 colors authorized as color additives, for usage in foods, according to the European Food Safety Authority (EFSA).
• However, the high cost of natural food colors, which is on high demand; and awareness on ill-health effects of a few of the synthetic food colors are few of the factors restraining the market growth.

Key Market Trends

Rising Demand for Natural Food Colorants

Increasing awareness about the implications of synthetic colorants has created a demand for natural colorants. The health-enhancing properties of natural colors combined with the low - trans-fat content in natural products are also boosting their appeal. Also, Spain's market for natural food colorants is favorable due to the stringent government food safety and health regulations, which is boosting the natural food colorant market. Furthermore, innovation in natural food colors to mitigate the application challenges faced by the food industry is one of the key approaches adopted by the companies so as to meet the propelling consumer demand. However, the main constrains of the industry are the high cost of production, chemical instability due to fluctuating temperature/pH conditions, and increased regulations.

Acquisitive Demand for Food Colorants in Beverage Industries

The beverage industry is the biggest user of food colorants globally and constitutes a strong market in the country among all the segments. Almost all color shades can be found and the main ones are brown, orange, yellow, and red. Natural colors are commonly used, and this trend is gaining importance. Food colors are suitable for beverage applications such as fruit/flavored still drinks, carbonated soft drinks, dilutable, beers, and ciders, as they can withstand standard technological treatment and storage conditions. In addition, frequent launches of new certified food colors are further fueling the market growth in the country. For instance, Chr. Hansen launched a new CapColors® Orange, that enables the conversion of stable and non-artificial coloration for beverages.

Competitive Landscape

The Spain food colorants market is competitive in nature having a large number of domestic and multinational players competing for market share. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the regional market include Koninklijke DSM N.V, BASF SE, Chr. Hansen Holding A / S, Sensient Technologies Corporation, Döhler GmbH, and Givaudan (Naturex), among others.

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