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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
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Spain Food Preservatives Market - Growth, Trends, and Forecasts (2020 - 2025)
Published: June 1, 2020 Content info: 70 Pages
Description

The Spain food preservatives market is expected to grow at a CAGR of 3.2% over the forecast period, 2020 to 2025.

  • The preservatives market is largely driven by demand for convenience and packaged foods by the burgeoning population and rising urbanization rates. However, the major constraint is the increased awareness of the ill effects of synthetic ingredients and growing consumer demand for fresh and natural foods.
  • Companies are seeing this as an opportunity to innovate and provide solutions in the form of natural and functional preservatives. The regulation of preservatives in the European community requires labeling laws to declare the presence of preservatives, which eventually acts the same for Spain.

Key Market Trends

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.

Competitive Landscape

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.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Table of Contents
Product Code: 53777

Table of Contents

1 INTRODUCTION

  • 1.1 Study Assumptions & Market Definitions
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Natural food preservatives
    • 5.1.2 Synthetic food preservatives
  • 5.2 By Application
    • 5.2.1 Bakery
    • 5.2.2 Dairy & Frozen products
    • 5.2.3 Confectionery
    • 5.2.4 Meat poultry & Sea Food products
    • 5.2.5 Beverages
    • 5.2.6 Others

6 COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Position Analysis
  • 6.3 Company Profiles
    • 6.3.1 Chr Hansen holdings
    • 6.3.2 Koninklijke DSM N.V.
    • 6.3.3 Corbion Purac
    • 6.3.4 Cargill Inc
    • 6.3.5 Bordas S.A.
    • 6.3.6 BASF SE
    • 6.3.7 Barcelona Food Ingredients

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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