Italy Food Hydrocolloids Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.71 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Italy Food Hydrocolloids Market Analysis
The Italian food hydrocolloids market is projected to register a CAGR of 2.71% during the forecast period (2020 - 2025).
- The market is largely driven by the increased R&D and innovations in hydrocolloids. Consumer preference for food products with fewer additives and artificial ingredients is influencing the demand for natural and clean label food hydrocolloids in the Italian food market.
- Additionally, varied applications of hydrocolloids in the food and beverage industry is another factor contributing to the market studied.
- The augmented application of food hydrocolloids, especially carrageenan, is widely driven by the increased research and innovation in the sector.
Italy Food Hydrocolloids Market Trends
This section covers the major market trends shaping the Italy Food Hydrocolloids Market according to our research experts:
Carrageenan is the Fastest Growing Segment
The carrageenan segment is witnessing an upsurge in the market, owing to its wider application in numerous food and beverage segment. The global and local manufacturers are extensively investing in product innovations to satisfy the changing demand of Italian consumers. Thus, the food-grade carrageenan is also finding its application in various other products. In January 2019, carrageenan found its application in edible films that are used as a replacement of films made of petroleum derivatives, used for packing foods. Thus, a wider application of the hydrocolloid drives the growth of the market studied.
Confectionery Segment is Developing at a Faster Pace
The consumption of confectionery food gained prominence in the Italian hydrocolloids market. Hydrocolloids, such as xanthan gum, are used in the pastry fillings, as they prevent weeping of the water in the filling, protecting the crispness of the crust. Moreover, confectionery also provides one of the most important markets for a range of hydrocolloids. In Italy, the use of gum arabic in candies is still widespread. Italian confectioners even use the costly grade of gum arabic and acacia senegal, instead of the less costly grade of acacia seyal.
Italy Food Hydrocolloids Industry Overview
With the presence of several players, the market is highly competitive. However, Cargill dominates the share of the market. Strategies of the leading players focus on developing innovative solutions that address the taste, texture, and nutritional profiles of processed foods, in turn, extending the shelf lives of the final consumer products. Other strategies adopted by the players include partnership, expansion, and mergers and acquisition to strengthen their position in the market.
Italy Food Hydrocolloids Market Leaders
Cargill, Incorporated
Caldic BV
Ingredion Incorporated
Archer Daniels Midland
Tate & Lyle PLC
*Disclaimer: Major Players sorted in no particular order
Italy Food Hydrocolloids Market Report - Table of Contents
-
1. INTRODUCTION
-
1.1 Study Deliverables
-
1.2 Study Assumptions
-
1.3 Scope of the Study
-
-
2. RESEARCH METHODOLOGY
-
3. EXECUTIVE SUMMARY
-
4. MARKET DYNAMICS
-
4.1 Market Drivers
-
4.2 Market Restraints
-
4.3 Porter's Five Forces Analysis
-
4.3.1 Threat of New Entrants
-
4.3.2 Bargaining Power of Buyers/Consumers
-
4.3.3 Bargaining Power of Suppliers
-
4.3.4 Threat of Substitute Products
-
4.3.5 Intensity of Competitive Rivalry
-
-
-
5. MARKET SEGMENTATION
-
5.1 By Type
-
5.1.1 Pectin
-
5.1.2 Xanthan Gum
-
5.1.3 Carrageenan
-
5.1.4 Other Types
-
-
5.2 By Application
-
5.2.1 Dairy
-
5.2.2 Bakery
-
5.2.3 Confectionery
-
5.2.4 Beverages
-
5.2.5 Meat and Seafoods
-
5.2.6 Oils and Fats
-
5.2.7 Other Applications
-
-
-
6. COMPETITIVE LANDSCAPE
-
6.1 Most Adopted Strategies
-
6.2 Market Position Analysis
-
6.3 Company Profiles
-
6.3.1 Cargill Incorporated
-
6.3.2 Caldic BV
-
6.3.3 Ashland Global Holdings Inc.
-
6.3.4 Behn Meyer Group
-
6.3.5 Ingredion Incorporated
-
6.3.6 Archer Daniels Midland
-
6.3.7 Tate & Lyle PLC
-
6.3.8 Ideal Foods SpA
-
-
-
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Italy Food Hydrocolloids Industry Segmentation
The Italian food hydrocolloid market is segmented by type into pectin, xanthan gum, carrageenan, and other types. By application, the market is segmented into dairy, bakery, confectionery, beverages, meat and seafood products, oils and fats, and other applications.
| By Type | |
| Pectin | |
| Xanthan Gum | |
| Carrageenan | |
| Other Types |
| By Application | |
| Dairy | |
| Bakery | |
| Confectionery | |
| Beverages | |
| Meat and Seafoods | |
| Oils and Fats | |
| Other Applications |
Italy Food Hydrocolloids Market Research FAQs
What is the current Italy Food Hydrocolloids Market size?
The Italy Food Hydrocolloids Market is projected to register a CAGR of 2.71% during the forecast period (2024-2029)
Who are the key players in Italy Food Hydrocolloids Market?
Cargill, Incorporated, Caldic BV, Ingredion Incorporated, Archer Daniels Midland and Tate & Lyle PLC are the major companies operating in the Italy Food Hydrocolloids Market.
What years does this Italy Food Hydrocolloids Market cover?
The report covers the Italy Food Hydrocolloids Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Italy Food Hydrocolloids Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Italy Food Hydrocolloids Industry Report
Statistics for the 2024 Italy Food Hydrocolloids market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Italy Food Hydrocolloids analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
