The Italy food preservatives market size is projected to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to increasing demand for convenience and packaged foods by burgeoning population.
Food preservatives are added in food items to keep the safe, without spoiling or increasing their shelf life. They are classified in two groups such as natural preservatives and chemical preservatives. Natural preservatives include salt, sugar, vinegar, syrup, spices, honey, and edible oil whereas chemical preservatives include benzoates, sorbets, nitrites, sulfites, glutamates, glycerides, and nitrates of sodium or potassium. Natural and chemical preservatives are categorized in three types such as antimicrobials, anti-oxidants, and anti-enzymatic preservatives. Preservatives play an important role in several products, such as medicines, food, and personal care products.
Market Trends, Drivers, Restraints and Opportunities
- Growing demand for food with an extended shelf life is projected to drive the market growth during the forecast period.
- Increasing demand for processed foods is expected to boost the market growth in the coming years.
- Expanding demand for frozen foods is anticipated to fuel the growth of the market.
- Rising demand for antimicrobial agents is projected to drive the market growth during the forecast period.
- Widening awareness regarding food safety is projected to drive the market growth during the forecast period.
- Growing demand for natural and organic food is expected to boost the market growth in the coming years.
- Increasing availability of convenience products such as ready-to-eat dry goods around the country is anticipated to drive the market growth during the forecast period.
- Rising complexity of the food supply chain is expected to boost the market growth in the coming years.
- Growing demand for food applications is projected to drive the market growth during the forecast period.
- The availability of natural preservatives is estimated to restrict the market growth in the coming years.
- Health hazards of chemical preservatives can restrict the market growth.
- Growing market for food preservatives can create lucrative opportunities during the forecast period.
Scope of Food Preservatives Market Report
The report on the Italy food preservatives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Food Preservatives Market - Italy Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Natural and Synthetic) and Applications (Beverages, Dairy and Frozen Products, Bakery, Meat, Poultry, and Seafood, Confectionery, and Others)
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Country Scope
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Italy
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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ADM; Cargill Inc.; Kerry Inc.; Koninklijke DSM NV; Jungbunzlauer Suisse AG; Basel; and Corbion NV
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Italy Food Preservatives Market Segment Insights
Synthetic segment to hold a significant market share
Based on types, the market is divided into natural and synthetic. The natural segment is anticipated to hold a key share of the market in the coming years due to increased consumer demand for natural preservatives. However, the synthetic segment is anticipated to expand at a rapid pace during the forecast period, as they protect against botulism, prevent bacterial growth in the food products, and increase the shelf life of the food products.
Meat, poultry, and seafood segment is anticipated to hold a large market share
On the basis of applications, the market is bifurcated into beverages, dairy and frozen products, bakery, meat, poultry, and seafood, confectionery, and others. The dairy and frozen products segment is anticipated to expand at a rapid pace during the forecast period. Dairy products are high in protein and can curb appetite.
However, the meat, poultry, and seafood segment is anticipated to hold a key share of the market in the coming years, as these products supply a range of important nutrients, including protein, iron, zinc, vitamin B12, and omega-3 fatty acids. Moreover, the eggs are also rich in many micronutrients, such as vitamins A and D.
Segments
The Italy food preservatives market has been segmented on the basis of
Types
Applications
- Beverages
- Dairy and Frozen Products
- Bakery
- Meat, Poultry, and Seafood
- Confectionery
- Others
Country
Key Players
Competitive Landscape
Key players competing in the food preservatives market includes ADM; Cargill Inc.; Kerry Inc.; Koninklijke DSM NV; Jungbunzlauer Suisse AG; Basel; and Corbion NV.
Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share. In October 2021, Kerry Group developed a leading-edge plant-based dairy alternative toolkit with emerging brands racing to innovate in beverages, frozen desserts, and vegan slices.
