Spain Food Preservatives Market

Spain Food Preservatives Market Analysis

The Spain Food Preservatives Market is expected to register a CAGR of 3.2% during the forecast period.

• 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.

Spain Food Preservatives 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.

Spain Food Preservatives Industry Overview

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.

Spain Food Preservatives Market Leaders