Market Trends of Spain Food Acidulants Industry
This section covers the major market trends shaping the Spain Food Acidulants Market according to our research experts:
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.
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.
