Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2020 |
| CAGR: | 2.71 % |
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Market Overview
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.
Scope of the Report
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 |
Key Market Trends
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.
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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.
Competitive Landscape
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.
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Pectin
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5.1.2 Xanthan Gum
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5.1.3 Carrageenan
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5.1.4 Other Types
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5.2 By Application
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5.2.1 Dairy
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5.2.2 Bakery
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5.2.3 Confectionery
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5.2.4 Beverages
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5.2.5 Meat and Seafoods
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5.2.6 Oils and Fats
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5.2.7 Other Applications
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Cargill Incorporated
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6.3.2 Caldic BV
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6.3.3 Ashland Global Holdings Inc.
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6.3.4 Behn Meyer Group
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6.3.5 Ingredion Incorporated
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6.3.6 Archer Daniels Midland
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6.3.7 Tate & Lyle PLC
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6.3.8 Ideal Foods SpA
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Italy Food Hydrocolloids Market market is studied from 2016 - 2026.
What is the growth rate of Italy Food Hydrocolloids Market?
The Italy Food Hydrocolloids Market is growing at a CAGR of 2.71% over the next 5 years.
Who are the key players in Italy Food Hydrocolloids Market?
Cargill, Incorporated, Caldic BV, Ingredion Incorporated, Archer Daniels Midland, Tate & Lyle PLC are the major companies operating in Italy Food Hydrocolloids Market.
