Spain Food Flavor and Enhancer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Spain Food Flavor and Enhancer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Spain global food flavor and enhancer market is forecasted to grow at a CAGR of 3.5% during the forecast period (2020 - 2025).

Key Highlights

• Consumers are actively seeking for functional, and flavored, food and beverages, and are particularly focused on natural flavors, such as botanical extracts and other flavors. For example, natural berry flavor is widely used in jams, cakes, preserves, and pies. The natural berry flavor is gaining high demand in the industry, owing to its high antioxidant properties. This is one of the major factors driving the food flavors and enhancers market in the country.
• There is a rising demand for natural food flavors and consumers are seen avoiding artificial colors and flavors owing to the increasing health problems due to the consumption of synthetic/artificial flavors, which has resulted in an increased demand for natural food flavors. The use of natural flavors, such as citrus peels and juices, essences of fruits, spice vanilla sugar, coffee flavorings, etc., in various applications, such as beverages and processed foods, is driving the market.

Key Market TrendsIncreasing Demand For Organic Food Products

The movement towards healthier, more sustainable, and eco-conscious lifestyles in Spain, as around the world, has influenced personal attitudes and ultimately, impacted everyday spending habits. This has significantly influenced the demand for natural food flavors and enhancers in the country. One of the biggest flavor trends ruling the food and beverage industry in-country is floral flavor. These botanical flavors are paired with fruit flavors to create innovative, complex tastes and new dimensions in the food and beverage industry. Over the past few years, floral flavors have grown from a niche category to a much larger one. For example, from bakeries to restaurants to grocery stores floral flavors, can be found in all kinds of dishes, desserts, beverages, and products. Whole Foods feature snacks and desserts, including blackberry-rose lemonade, dark chocolate-covered violet marshmallows, lemon-lavender, and orange blossom cookies, and others.

Beverage Segment Holds a Significant Share

The increasing per capita consumption of beverages such as carbonated soft drinks/ fruit-flavored carbonated drinks, juice-based drinks, dairy-based drinks, energy drinks, and others is one of the major factors which has significantly increased the application of food flavors and enhancers in the beverage segment. New innovations in functional beverages and flavoring are attracting health-conscious consumers. Thus, manufacturers are using fruit, floral, and crossover flavors as the key to success in launching products in the functional food and beverage industry. The fruit flavors were the most common flavors utilized in beverage launches, between 2012 and 2017. Flavor inspirations from superfruits, vegetables, and herbs are also gaining great popularity in the beverage industry of the country.

Competitive Landscape

The food flavor and enhancer market is moderately competitive, with continuous growth, going on, in terms of flavors and new ingredients sourcing methodology. Some of the prominent players in the market studied are Givaudan, International Flavors & Fragrances Inc., Flavorchem Corporation, and ADM. Companies are coming up with new innovative flavors, preferably, clean-label ingredients, which are naturally derived. Moreover, the manufacturers are even expanding their presence and procurement procedures.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Koninklijke DSM N.V
Givaudan
International Flavors & Fragrances Inc.
Firmenich SA
Archer Daniels Midland Company
Flavorchem Corporation
Lucta Group

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