Market Size of Spain Food Sweetener Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.86 % |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Spain Food Sweetener Market Analysis
The Spain food sweetener market is valued at USD 1.44 billion for the current year and is projected to register a CAGR of 2.86% during the forecast period.
- Sweeteners are increasingly used as sugar substitutes in foods and beverages as small amounts are required to achieve the same level of sweetness as sugar. Moreover, the rising rates of diabetic patients have led to the growth of high-intensity sweeteners like sucralose. Unlike sugar, these sweeteners contribute only a few or no calories to the diet and do not raise blood sugar levels. Various studies have shown that sucralose has limited to no effect on factors like carbohydrate metabolism and insulin secretion. Moreover, the exceptional stability of sucralose helps food manufacturers and consumers use it as an alternative to sugar, including in cooking and baking processes.
- Further, the market is witnessing enhanced demand for stevia due to the rising awareness and numerous health benefits associated with its consumption. Consumers are widely substituting sugar with stevia, and many leading food and beverage manufacturers are utilizing it to offer products with a lower calorie count. Thus, the abovementioned factors will likely support the demand and growth of food sweeteners across significant food and beverage applications in Spain.
- However, as per the Mayo Clinic, research reveals that long-term and daily use of sweeteners can lead to a higher risk of stroke, heart disease, and sometimes even death. Sugar alcohols and stevia can cause bloating, gas, and diarrhea. Thus, these factors are bound to restrict the consumption of food sweeteners and hamper market growth to some extent during the forecast years.
