Page 56 - The European Baking Ingredients Market Report 2022 - Volume 2

56 European Baking Ingredients Market Report 2022
INKWOOD RESEARCH
Spain

SPAIN

fuel a trend toward 'clean' labels
in baked goods, which are
items with fewer and simpler
ingredients that are more natural
and less processed.
SPAIN
Capital Madrid • Frozen products that can
be finished at home are also
Population 46,794,233 (2022)
becoming popular as consumers
GDP (in US$ billion) US$1,425.2 (2021) look to recreate the flavors
Expenditures spent on food (%) 12.13% (2018) and properties of unpackaged
baked goods at home without
Expenditure on food per capita (US$) US$2,217.9 (2018)
the inconvenience of preparing
Source: Inkwood Research them from scratch.

Recent developments/packaging
innovations/product launches/
Key trends of bakery ingredients & cakes and pastries on their marketing campaigns
baked goods observed in country health. They have also been • There is growing demand for
• Owing to the Ukraine war, there consuming less bread because niche flavors in baked products,
has been shortage of sunflower of its association with weight prompting manufacturers to
oil. Since, Spain is the largest gain and allergies. experiment with novel flours
producer of olive oil in the world, and additives such as cereals,
many bakeries are switching to • Local shoppers are increasingly seeds, nuts, and olive oil.
olive oil as a healthy substitute. paying attention to product Bimbo's The Rustik Bakery,
labels and conducting internet for example, sells bread made
• Spanish consumers are research. As a result, gluten-free with quinoa, oats, and spelt.
becoming increasingly bread is expected to become Meanwhile, Panrico introduced
conscious of the effect of the more popular throughout the Cerealia, which has "14 grains
high sugar and fat content of projected period. This will also and seeds" and contains no

Product Analysis – bakery ingredients

Spain baked goods market, by product, 2021 (US$ Million)

6000
857.9
5000
878.5 38.8 96.2
4000 3566.0

3000
2000

1000

0
Bread Cakes Dessert Mixes Frozen baked Pastries
Source: Inkwood Research goods

www.ebimr.com