Spain Food Additives Market - Growth, Trends and Forecasts (2020-2025)

Spain Food Additives Market is projected to grow at a CAGR of 2.5% during the forecast period (2020-2025).

• The market is driven by the increasing demand for clean label solutions, rising consumption of processed and packaged food, and complexity in the supply chain in the food industry.
• Food additive manufacturers are witnessing an increased demand from food manufacturers to preserve the freshness, safety, taste, appearance, and texture of processed foods.
• The key players are focusing on promoting the benefits of clean label ingredients, due to the high interest of consumers in healthy eating habits and an increase in awareness of ingredients used in the food products.

Key Market Trends

Rising Trend of Clean-Label Ingredients

Spain is seeing a clear movement towards clean-label food products, with more attention being paid to food packaging and ingredients. ​ As consumers are increasingly scrutinizing labels, it means it’s all the more important for food manufacturers to choose the right positioning and thus the right ingredients for their products. Clean-label ingredients are consumer-friendly ingredients, which are natural, organic, non-GMO, and very minimally processed. The demand for natural ingredients is growing, owing to the increasing health concerns of the customers, regarding the adverse health effects of artificial ingredients. There has been a growing consumer demand for processed food and the expectations for safer and healthier ingredients have increased the need for the introduction of clean-label ingredients across diverse applications. The manufacturers are adopting the strategy of incorporating functional ingredients, that can improve the nutritional profile of the product.

Increased Application in Beverages

The beverage industry has seen a surge in the past few years associated with the growing trend of convenience and the demand from the millennial population. Surging demand for tropical flavors in non-alcoholic beverages such as carbonated drinks, juices, and flavored water is also driving demand for food additives in the country. The expanding product offerings attributed to the presence of major players in the country are owing to the growth in the segment. With the growing health consciousness of the consumers, players are incorporating additives with fewer chemical traces leading to the growth of the clean labels and natural ingredients. The usually low pH of the soft drinks, carbonation, sugar content in some of them and the addition of preservatives help to inhibit the growth of microbes and bacteria.

Competitive Landscape

Spain Food Additives Market is fragmented with the presence of numerous players. The key players are focusing on product innovation, expansion, partnership, and mergers and acquisitions to meet the needs of growing consumers. The major players in the market are Archer Daniels Midland Company, Tate & Lyle PLC, Kerry Group, Cargill and Firmenich.

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