Italy Food Additives Market is segmented by Type (Preservatives, Sweeteners, Hydrocolloids, Colorants, others), Application (Dairy & Frozen, bakery, Meat products, Beverages, Confectionary, others) & Geography
Food additives are used to enhance the taste, color, texture of food, same time maintaining the freshness and nutritional content. Europe dominates the food additives demand, accounting for more than 32% of global consumption, in 2015.The Italy market for food additives is estimated to grow at a CAGR of ~% during 2015-2020. The key drivers in the market are the increasing demand for processed foods and beverages and need for healthier options in food. However, the market is largely restrained by the complex regulatory environment and growing consumer awareness on the ill effects of synthetic additives. This in turn is driving the market for natural additives and riseing scope for nutraceutical ingredients. The food additives market is segmented by type viz. Preservatives, Food flavors and Flavor enhancers, Antioxidants, Sweeteners, Emulsifiers, Anti Caking agents, Enzymes, Fat replacers, Acidulants and others (texturizer, shelf life stabilizers, etc). Food Additives find major applications in Beverages, Bakery & Confectionary, Dairy & Frozen products, Oils & Fats, Savory snacks, Meat poultry & Sea food products. During recession, The European markets recorded minimal decrease in the food and beverage industry when compared to drastic fall in production in other industrial segments. That said, any slightest uptick in Italy’s economy will boost the demand for packaged foods and food additives market, as consumers tend to splurge first on food items. The major players in the market are Cargill, Tate & Lyle, Palsgaard, DuPont, DSM, Givaudan, Brenntag, Novozymes, International Flavors and Fragrances, etc. The strategies being adopted in the Food additives industry is in the Innovation category under the development of natural food additives and functional food ingredients to meet the customer demand. Companies need to undertake ‘clean label’ solutions to meet the safety standards to cater to the global food consumption. The FAO/WHO committee along with ESFA and CODEX determines the acceptable standards of food additives to be used. However, General standard for Food Additives (GSFA) needs a wider acceptance for improved International Trade. Key Deliverables in the Study • Market analysis for the Italy Food Additives Market, with region specific assessments and competition analysis on global and regional scales. • Market definition along with the identification of key drivers and restraints • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale • Extensively researched competitive landscape section with profiles of major companies along with their market shares • Identification and analysis of the macro and micro factors that affect the Italy Food Additives Market on both global and regional scales • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market • Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.