Spain Food Acidulants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Spain Food Acidulants Market is segmented by Type (Citric Acid, Phosphoric Acid, Lactic Acid, and Other Types) and by Application (Beverages, Dairy and Frozen Products, Bakery, Meat and Seafood Products, Confectionery, and Other Applications).

Market Snapshot

Spain Food Acidulants Market Summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 3.7 %

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Market Overview

The food acidulants market in Spain is projected to grow at a CAGR of 3.7% during the forecast period (2020 - 2025).

  • The industry for food acidulants essentially thrives on the wider technological and functional benefits that these ingredients confer, in terms of high quality, safety, affordability, nutrition, texture, and taste of the processed food products.
  • Processed food products include various categories, such as ready meals, baked foods, breakfast cereals, confectionery, and non-alcoholic beverages. Food acidulants are a vital part of a wide range of processed foods, thereby, contributing to competitiveness in the food and beverage industry of the country
  • The demand for convenient foods has recorded robust growth in the country, owing to changing lifestyles and dietary preferences. Food ingredients including acidulants enhance the nutritional profile of the packaged food and extend their shelf-life, thereby, pushing for higher demands of these food ingredients..

Scope of the report

The Spain food acidulants market is segmented based on type, application, and geography. By type, food acidulants market is segmented into citric acid, lactic acid, phosphoric acid, and others. The application segment involves beverages, dairy & frozen products, bakery, meat and seafood products, confectionery, and others. The report contains top-line revenues and market share analysis of the key players, highlighting the most adopted strategies of the companies in the market studied.

Type
Citric Acid
Phosphoric Acid
Lactic Acid
Other Types
Application
Beverages
Dairy and Frozen Products
Bakery
Meat and Seafood Products
Confectionery
Other Applications

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Key Market Trends

Increasing Application in Confectionery Products

Confectionery remains one of the most popular product categories in Spain. According to the major chocolate and confectionery manufacturers, the demand for sugar confectioneries across the country is growing at a faster pace. This growth has intensified the demand for food acidulants in the confectionery segment. Food acidulants, including, malic acid, fumaric acid, lactic acid, and citric acid are largely used in the confectionery industry. Furthermore, other acids, such as lactic acid, are especially beneficial in confectionery products to reduce sugar inversion in hard candies and gelatin degradation in soft candies. The benefits associated with the application of acidulants coupled with increasing consumption of confectionery products is the prime factor driving the acidulants market in the confectionery segment of the country.

Spain Food Acidulants Market1

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Phosphoric Acid Holds a Significant Share in The Market

According to the Ministry of Agriculture, the consumption of cola drinks, fizzy water (Soda), lemon drinks, orange drinks by Spanish households are increasing at a significant rate monthly. For instance, the consumption of cola drinks increased from 63.42 million kgs in January 2018 to 79.33 million kgs in December 2018. This provides a lucrative market for the food-grade phosphoric acid manufacturers to expand their offerings to meet the growing demand from beverage industry of the country as it is being used as both acidulants as well as preservatives. Furthermore, according to data from the DBK Sector Observatory. processed meat product exports were valued at 1.106 billion euros in 2018, which is double the 2009 figure and 3.6% more than in 2017. ​ Apart from the export market, Spanish consumers also increased their expenditure on processed meat products by spending 3.3% more on meat in 2018 as compared to 2017.​ The country’s strong growth in the processed meat market is yet another factor that has augmented the demand for food-grade phosphoric acid as it is being used as a preservative to increase the shelf life of the processed meat products.​

Spain Food Acidulants Market2

Competitive Landscape

The food acidulants market in Spain faces high competition, with the presence of both global and local players. Some of the companies operating in this market are Tate & Lyle PLC, Jungbunzlauer AG, and Corbion N.V. These companies are expanding their facilities and product portfolio, due to the growing demand for the confectionery and beverage segment in the country.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Citric Acid

      2. 5.1.2 Phosphoric Acid

      3. 5.1.3 Lactic Acid

      4. 5.1.4 Other Types

    2. 5.2 Application

      1. 5.2.1 Beverages

      2. 5.2.2 Dairy and Frozen Products

      3. 5.2.3 Bakery

      4. 5.2.4 Meat and Seafood Products

      5. 5.2.5 Confectionery

      6. 5.2.6 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Position Analysis

    2. 6.2 Most Adopted Strategies

    3. 6.3 Company Profiles

      1. 6.3.1 Tate & Lyle PLC

      2. 6.3.2 Archer Daniels Midland Company

      3. 6.3.3 Prayon S.A.

      4. 6.3.4 Corbion N.V.

      5. 6.3.5 Jungbunzlauer Ag

      6. 6.3.6 Merck KGaA

      7. 6.3.7 ParaChem Chemicals L.P.

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Spain Food Acidulants Market market is studied from 2016 - 2026.

The Spain Food Acidulants Market is growing at a CAGR of 3.7% over the next 5 years.

Tate & Lyle PLC, Archer Daniels Midland Company, Corbion N.V.,, Jungbunzlauer Ag, Merck KGaA are the major companies operating in Spain Food Acidulants Market.

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