Italy Food Acidulants Market- Growth, Trends, and Forecasts (2020 - 2025)

Italy Food Acidulants Market- Growth, Trends, and Forecasts (2020 - 2025)

Italy food acidulants market is projected to witness a CAGR of 2.85% during the forecast period (2020 - 2025).

  • Food Acidulants such as Citric acid and citrates provide important functional benefits across a range of applications—flavor/tartness, high solubility, buffering capacity, chelation of metals, and antioxidant benefits, which is expected to support the food and beverage market in the Italy.
  • The market studied is also increasingly driven by its evolving role as a food additive in a variety of processed food products. Thus, the growing demand for preservative food products, especially from the bakery and beverage industry in Italy.
Key Market Trends

High Consumption of Acidulants Through Cola Drinks

Acidulants acids such as phosphoric acid serves as a popular ingredient in sodas, precisely in cola drinks. Along with its aptitude to preserve the integrity of the soda's recipe blend, the ingredient drastically reduces the bacterial growth while infusing the exceptional tangy taste to the cola soft drinks, fostering its desirability amongst food manufacturers. Moreover, companies in order to promote their products and supplement their sales are constantly emphasizing on the fact that phosphorus acid when taken in small quantities causes no harm. For instance, Pepsi in response to several epidemiological studies, stated a research finding about health-effectiveness of phosphoric acids. Additionally, companies like Coca-Cola are even comparing the incorporated phosphorus content with food products including milk, rice, chicken, to gain consumer’s confidence.

Increasing Prevalence of Speciality Food Ingredients

Italian consumers are progressively prioritizing healthy foods in their household budgets, as they are highly conscious about their regular food habits. Wellness is broadly focused by the Italian consumers. This growing focus on health and nutrition is partially due to growing ageing population.​ The growing demand for products, with fewer additives and artificial ingredients, is influencing the demand for natural and clean label food specialty ingredients in the Italian food market, which is expected to drive the demand for food acidulands in Italy.

Morever, phosphoric acid is also classified as ‘Generally Regarded As Safe (GRAS)’ as a food additive. It does not create any toxic effects in the processed food products when used within recommended limits. Nor does it introduce new hazards, even when incorporated in a variety of food applications. Therefore, these factors are expeted to increase the application of acidulant ingredients in Italy

Competitive Landscape

The market for Italy food acidulants is fragmented, owing to the presence of numerous global and regional players such as Tate & Lyle PLC, Archer Daniels Midland Company, Vexim srl, Polynt SpA and others.​ Companies operating in the market are actively expanding their product bases and are increasing production capacities to meet the demand for food and bevergae applications particularly processed food being manufactured in Italy

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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 Citric Acid
5.1.2 Lactic Acid
5.1.3 Acetic Acid
5.1.4 Others
5.2 By Application
5.2.1 Beverages
5.2.2 Dairy & Frozen Products
5.2.3 Bakery
5.2.4 Meat Industry
5.2.5 Confectionery
5.2.6 Others
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Position Analysis
6.3 Company Profiles
6.3.1 Tate & Lyle PLC
6.3.2 Archer Daniels Midland Company
6.3.3 Vexim srl
6.3.4 Polynt SpA
6.3.5 Corbion NV
6.3.6 Arkema
6.3.7 Prayon S.A.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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