The Italian food preservatives market is projected to register a CAGR of 2.35% during the forecast period (2020-2025).
Key Market Trends
Increase in Demand for Processed Foods
Antimicrobials function principally to prevent or inhibit the growth of microorganisms and, thus, prevent spoilage of food. Antimicrobial agents also include compounds, such as calcium propionate and sorbic acid, which are used in products, such as baked goods, salad dressings, cheeses, margarine, and pickled foods. Antimicrobials are also currently employed as preservatives within the food industry to extend product shelf-life, improve product safety, maintain product quality, reduce processing costs, and increase the ability to distribute products in complex supply chains. The large share of antimicrobials can be attributed to their wide use in many applications, such as dairy and frozen foods, snacks, and convenience foods, among others. Demand for processed foods is one of the drivers for the growth of this segment.
The Bakery Segment Holds a Prominent Share
Changing consumer lifestyles toward healthy living is likely to stimulate the growth of bakery ingredients used in products, such as cakes, biscuits, bread, pastries, and morning goods, which is expected to drive the growth of bakery products in the Italian market. Bakery products are still undergoing development and innovation in terms of healthy ingredients to be included in them. There has been an increasing demand for specialty ingredients in bakery products in Italy.
Competitive Landscape
The strategies used by companies are increasing R&D expenditure to innovate products under the natural preservatives segment to meet the increasing consumer preferences. Some of the major players in the Italian food preservatives market are ADM, Cargill Inc., Kerry Inc., Koninklijke DSM NV, Jungbunzlauer Suisse AG, Basel, and Corbion NV, among others.
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- The preservatives market is largely driven by the demand for convenience and packaged foods by the burgeoning population and rising urbanization rates. However, the major constraint is the increased awareness about the ill effects of synthetic ingredients and growing consumer demand for fresh and natural foods.
- Companies are seeing this as an opportunity to innovate and provide solutions in the form of natural and functional ingredients, in order to cater to the growing demand for preservatives.
Key Market Trends
Increase in Demand for Processed Foods
Antimicrobials function principally to prevent or inhibit the growth of microorganisms and, thus, prevent spoilage of food. Antimicrobial agents also include compounds, such as calcium propionate and sorbic acid, which are used in products, such as baked goods, salad dressings, cheeses, margarine, and pickled foods. Antimicrobials are also currently employed as preservatives within the food industry to extend product shelf-life, improve product safety, maintain product quality, reduce processing costs, and increase the ability to distribute products in complex supply chains. The large share of antimicrobials can be attributed to their wide use in many applications, such as dairy and frozen foods, snacks, and convenience foods, among others. Demand for processed foods is one of the drivers for the growth of this segment.
The Bakery Segment Holds a Prominent Share
Changing consumer lifestyles toward healthy living is likely to stimulate the growth of bakery ingredients used in products, such as cakes, biscuits, bread, pastries, and morning goods, which is expected to drive the growth of bakery products in the Italian market. Bakery products are still undergoing development and innovation in terms of healthy ingredients to be included in them. There has been an increasing demand for specialty ingredients in bakery products in Italy.
Competitive Landscape
The strategies used by companies are increasing R&D expenditure to innovate products under the natural preservatives segment to meet the increasing consumer preferences. Some of the major players in the Italian food preservatives market are ADM, Cargill Inc., Kerry Inc., Koninklijke DSM NV, Jungbunzlauer Suisse AG, Basel, and Corbion NV, among others.
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Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- The Archer Daniels Midland Company
- Cargill Inc.
- Kerry Inc.
- Koninklijke DSM NV
- DuPont
- Jungbunzlauer Suisse AG, Basel
- Corbion NV
- BASF SE
Methodology
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