Market Insights Consumer Food Spreads & Sweeteners

Sweeteners - Spain

Spain

Revenue in the Sweeteners market amounts to €434.50m in 2024. The market is expected to grow annually by 3.29% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€116,000m in 2024).
In relation to total population figures, per person revenues of €9.15 are generated in 2024.
In the Sweeteners market, volume is expected to amount to 304.40m kg by 2029. The Sweeteners market is expected to show a volume growth of 1.2% in 2025.
The average volume per person in the Sweeteners market is expected to amount to 6.1kg in 2024.

Key regions: South Korea, Philippines, Canada, United States, Japan

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Sweeteners Market in Spain is experiencing a negligible growth rate due to factors such as increasing health consciousness among consumers and the convenience of online purchasing. Despite the sub-market divisions of Honey, Sugar, and Artificial Sweeteners, overall market growth remains stagnant. This can be attributed to the availability of natural alternatives and the negative perception of artificial sweeteners.

Customer preferences: Consumers in Spain are showing a growing preference for natural and organic sweeteners, in line with the global trend towards healthier food choices. This is driven by a rising awareness of the harmful effects of artificial sweeteners, as well as a growing interest in sustainable and environmentally-friendly products. As a result, manufacturers are increasingly incorporating natural sweeteners like stevia and honey into their spreads and sweeteners, catering to the changing tastes and values of Spanish consumers.

Trends in the market: In Spain, there is a shift towards healthier alternatives in the Sweeteners Market of the Spreads & Sweeteners Market within The Food market. This is driven by increasing consumer awareness about the negative effects of sugar consumption on health. As a result, there is a growing demand for natural and plant-based sweeteners, such as stevia and monk fruit. In addition, there is a rise in the use of alternative spreads made from nuts and seeds, as consumers seek out healthier options. This trend is expected to continue, as consumers prioritize health and wellness, presenting opportunities for industry stakeholders to innovate and meet this demand.

Local special circumstances: In Spain, the Sweeteners Market of the Spreads & Sweeteners Market within The Food market is heavily influenced by the country's strong agricultural sector. The demand for natural sweeteners is on the rise due to the increasing health consciousness among consumers. Additionally, Spain's strict regulations on artificial sweeteners have led to a significant market share for natural sweeteners. The country's rich history and culture of producing high-quality honey and stevia have also contributed to the growth of the sweeteners market.

Underlying macroeconomic factors: The Sweeteners Market of the Spreads & Sweeteners Market within The Food market in Spain is influenced by various macroeconomic factors. The global economic trends, such as increasing demand for healthier food options and growing awareness about the harmful effects of consuming excessive sugar, are driving the growth of the sweeteners market. Additionally, the national economic health of Spain, with its stable GDP growth and rising disposable income, is creating a favorable environment for the market. Moreover, the government's fiscal policies, such as promoting the use of natural sweeteners and implementing sugar taxes, are also impacting the market's performance. Other relevant financial indicators, such as consumer spending and food industry investments, are further contributing to the growth of the Sweeteners Market in Spain.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.