Market Research Report
Spain Food Preservatives Market - Growth, Trends, and Forecasts (2020 - 2025)
|Published by||Mordor Intelligence Pvt Ltd||Product code||389509|
|Published||Content info||70 Pages
Delivery time: 2-3 business days
|Spain Food Preservatives Market - Growth, Trends, and Forecasts (2020 - 2025)|
|Published: June 1, 2020||Content info: 70 Pages||
The Spain food preservatives market is expected to grow at a CAGR of 3.2% over the forecast period, 2020 to 2025.
Growing Trend of Natural Food Preservatives
Food preservatives are classified as natural and chemical preservatives, with chemical preservatives currently accounting for a large market share. Preservatives are used in foods such as oil & fat, bakery & Confectionary, Fruits and Vegetables, dairy & frozen products, meat, poultry & seafood, savory snacks, and beverages. The Spanish preserves industry focuses on four types of food i.e. fish, vegetables, meat and fruit, and consumers are increasingly moving towards natural preservatives with limited reliance on chemicals. That being said, suppliers of natural food additives from developing countries are already targeting countries with a strong food manufacturing industry, such as Germany, France, the Netherlands, Italy, the United Kingdom, and Spain.
Meat, Poultry & Seafood Products will have high penetration of preservatives
The Spanish food-processing sector has a wide range of food processing companies, many of them importing food ingredients, that being said, the meat poultry and seafood products segment has a high level of dominance in the processed food segment citing strong consumption pattern from consumers. The country has also witnessed a growth of the private label segment within the food & beverage sector, which was brought down by the economic crisis, wherein products that are usually associated with lower prices, and away from branded products are gaining popularity.
On the other hand, the promotion of healthier lifestyles and habits is a renowned topic among consumers and within the trend towards staying young, fit, and healthy, consumers are increasingly buying healthy and functional foods, inclusive of those which are fortified with natural preservatives.
The major players in the market are Koninklijke DSM N.V., Cargill Inc, BASF S.E., and Corbion in the Spain food preservatives market. The strategies used by companies are the increase in Research and Development expenditure to innovate products under the natural preservatives segment to meet the growing consumer preference.