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

Spain Food Colorants Market is segmented by Type (Synthetic and Natural food colorants), Application (Meat products, Bakery, Confectionery, Meat, Poultry & Seafood, and Others)

Market Snapshot

Spain Food Colorants Market Summary
Study Period:

2016 - 2026

Base Year:

2020

CAGR:

3.6 %

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Market Overview

The Spain food colorant market is forecasted to grow with a CAGR of 3.6% during the forecast period (2020- 2025).

  • The market is majorly driven by its extensive use in each processed food sector of food and beverage industries, which include beverages, bakery, confectionery, dairy, oils, fats, spices, and others, as its main purpose is to bring back the food color that is lost during the process of preparation. In Spain, food colors are regulated as food additives, under a comprehensive set of regulations, for food improvement agents, and the country has 39 colors authorized as color additives, for usage in foods, according to the European Food Safety Authority (EFSA).
  • However, the high cost of natural food colors, which is on high demand; and awareness on ill-health effects of a few of the synthetic food colors are few of the factors restraining the market growth.

Scope of the report

The Spain food colorant market is segmented by type and by application. By type, the market is segmented into natural color and synthetic color; and by application into beverage, dairy & frozen product, bakery, confectionery, meat, poultry & seafood, and others.

By Type
Natural Color
Synthetic Color
By Application
Beverage
Dairy & Frozen Product
Bakery
Confectionery
Meat, Poultry & Seafood
Others

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Key Market Trends

Rising Demand for Natural Food Colorants

Increasing awareness about the implications of synthetic colorants has created a demand for natural colorants. The health-enhancing properties of natural colors combined with the low- trans-fat content in natural products are also boosting their appeal. Also, Spain's market for natural food colorants is favorable due to the stringent government food safety and health regulations, which is boosting the natural food colorant market. Furthermore, innovation in natural food colors to mitigate the application challenges faced by the food industry is one of the key approaches adopted by the companies so as to meet the propelling consumer demand. However, the main constrains of the industry are the high cost of production, chemical instability due to fluctuating temperature/pH conditions, and increased regulations.

Spain Food Colorant Market1

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Acquisitive Demand for Food Colorants in Beverage Industries

The beverage industry is the biggest user of food colorants globally and constitutes a strong market in the country among all the segments. Almost all color shades can be found and the main ones are brown, orange, yellow, and red. Natural colors are commonly used, and this trend is gaining importance. Food colors are suitable for beverage applications such as fruit/flavored still drinks, carbonated soft drinks, dilutable, beers, and ciders, as they can withstand standard technological treatment and storage conditions. In addition, frequent launches of new certified food colors are further fueling the market growth in the country. For instance, Chr. Hansen launched a new CapColors® Orange, that enables the conversion of stable and non-artificial coloration for beverages.

Spain Food Colorant Market2

Competitive Landscape

The Spain food colorants market is competitive in nature having a large number of domestic and multinational players competing for market share. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the regional market include Koninklijke DSM N.V, BASF SE, Chr. Hansen Holding A / S, Sensient Technologies Corporation, Döhler GmbH, and Givaudan (Naturex), among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 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 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 By Type

      1. 5.1.1 Natural Color

      2. 5.1.2 Synthetic Color

    2. 5.2 By Application

      1. 5.2.1 Beverage

      2. 5.2.2 Dairy & Frozen Product

      3. 5.2.3 Bakery

      4. 5.2.4 Confectionery

      5. 5.2.5 Meat, Poultry & Seafood

      6. 5.2.6 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Position Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Koninklijke DSM N.V

      2. 6.3.2 BASF SE

      3. 6.3.3 Chr. Hansen Holding A / S

      4. 6.3.4 Sensient Technologies Corporation

      5. 6.3.5 Dohler GmbH

      6. 6.3.6 Givaudan (Naturex)

      7. 6.3.7 Riken Vitamin Co., Ltd.

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

**Subject to Availability

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Frequently Asked Questions

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

The Spain Food Colorants Market is growing at a CAGR of 3.6% over the next 5 years.

  • BASF SE
  • Chr. Hansen Holding A / S
  • Sensient Technologies Corporation
  • Döhler GmbH
  • Givaudan (Naturex)
  • Koninklijke DSM N.V

Are the major companies operating in Spain Food Colorants Market.

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