Spain Food Acidulants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Spain Food Acidulants Market Analysis
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..
Spain Food Acidulants Market Trends
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.
Spain Food Acidulants Industry Overview
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.
Spain Food Acidulants Market Leaders
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Tate & Lyle PLC
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Archer Daniels Midland Company
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Corbion N.V.,
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Jungbunzlauer Ag
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Merck KGaA
*Disclaimer: Major Players sorted in no particular order
Spain Food Acidulants Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Citric Acid
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5.1.2 Phosphoric Acid
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5.1.3 Lactic Acid
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5.1.4 Other Types
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5.2 Application
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5.2.1 Beverages
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5.2.2 Dairy and Frozen Products
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5.2.3 Bakery
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5.2.4 Meat and Seafood Products
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5.2.5 Confectionery
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5.2.6 Other Applications
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6. COMPETITIVE LANDSCAPE
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6.1 Market Position Analysis
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6.2 Most Adopted Strategies
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6.3 Company Profiles
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6.3.1 Tate & Lyle PLC
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6.3.2 Archer Daniels Midland Company
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6.3.3 Prayon S.A.
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6.3.4 Corbion N.V.
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6.3.5 Jungbunzlauer Ag
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6.3.6 Merck KGaA
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6.3.7 ParaChem Chemicals L.P.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Spain Food Acidulants Industry Segmentation
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 |
Spain Food Acidulants Market Research FAQs
What is the current Spain Food Acidulants Market size?
The Spain Food Acidulants Market is projected to register a CAGR of 3.70% during the forecast period (2024-2029)
Who are the key players in Spain Food Acidulants Market?
Tate & Lyle PLC, Archer Daniels Midland Company, Corbion N.V.,, Jungbunzlauer Ag and Merck KGaA are the major companies operating in the Spain Food Acidulants Market.
What years does this Spain Food Acidulants Market cover?
The report covers the Spain Food Acidulants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain Food Acidulants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Spain Food Acidulants Industry Report
Statistics for the 2024 Spain Food Acidulants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain Food Acidulants analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
