Published April 24, 2023
Global Food Colors Market was valued at USD 4.37 billion in 2021 and is expected to reach USD 6.53 billion by the year 2028, at a CAGR of 5.9%.
When compared to other desktop Food color is a pigment or substance that adds color to the food & beverages after being mixed. Food color has applications in bakery & confectionery, dairy & frozen desserts, beverages, meat products, and sweet & savory snacks, among others. The need for food colors is also rising as a result of the increase in hotels, cafes, and restaurants. The market for food colors is expected to be driven by rising consumer awareness of clean-label products and the additional health advantages of some natural food colors. The market will expand steadily as globalization picks up steam and consumer preference for upscale cuisine develops.
The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
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Market Dynamics and Factors:
The rising number of working professionals and modernization have led to the consumption of processed and packaged food products. The increase in the consumption of processed food products such as ready-to-eat snacks, soft drinks, convenience food products, processed dairy products, and others has led to the increased usage of various food colors. These colors are mixed and amalgamated into processed food products and beverages to provide an appealing look. The appeal of food products is as important to the ingredients that are utilized in the production of the food products, as it gains attraction from the consumers Most soft and carbonated drinks utilize more colorants in comparison to food products. The rising consumption of soft drinks in developing countries will enable speedy, food colors market growth in the forthcoming years.
The growth of the global food colors market is driven by an upsurge in demand for natural colors from various end-use industries, including food & beverages, bakery & confectionery, dairy products, meat & poultry, and seafood. This is expected to have a positive impact on the utilization of natural sources such as carotenoids, curcumin, anthocyanin, and carmine. Natural colors are free of genetically modified organisms (GMO) and allergens, which act as antioxidants & coloring agents and protect the body against cellular damage, chronic diseases, and the effects of aging. All of these distinct qualities contribute to the market’s rapid growth during the forecast period.
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Top Key Players Covered In The Food Colors Market:
- ADM (US)
- International Flavors & Fragrances Inc. (US)
- Sensient Technologies Corporation (US)
- DSM (Netherlands)
- Naturex (France)
- DDW (US)
- Döhler Group (Germany)
- Florio Colori (Italy)
- Lycored (Israel)
- Kalsec Inc. (US), and Other Major Players.
Food Colors Market Report Highlight:
- By Type, the natural color segment is anticipated to lead the growth of the Food Colors market in the forecasted timeframe. The naturally-identical food colors are made chemically but it has the same molecules that are present in the natural food colors. Due to less consumer awareness of this type of food colorant, it registers a moderate growth CAGR. Caramel is widely used in the preparation of candies for color and flavor. Consumer acceptance of these varieties of these colors is a major growth factor in the global market.
- By Application, the beverages segment is expected to have the highest share of the Food Colors market over the projected period. The demand for natural food colors in the beverage industry is driven by the rising consumer’s choice of beverage selection, which is increasingly influenced by the color of the drink itself. Consumers select products more based on appearance than flavor type, thereby boosting segment growth.
- The North American region is expected to have the highest share of the Food Colors market over the projected period. Increasing urbanization and westernization have led to the consumption of packaged food products. These food products contain natural, synthetic, or artificial food coloring agents according to the requirement. The market for natural and synthetic colors is growing across North America, as consumers have high purchasing of various carbonated drinks, which are the main factors driving the development of the market in this region.
Key Industry Development:
In July 2021, GNT Group announced the launch of two EXBERRY Colouring Foods made from turmeric and spirulina. The launch of these new products can help the company cater to the growing global demand for cost-effective green colors that support clean label declarations.
In June 2021, Chr. Hansen Natural Colors, now known as Oterra, has announced the complete acquisition of Symrise AG’s natural food coloring business. This acquisition can help Oterra to strengthen its natural food coloring segment.
Food Colors Market Segmentation:
- Nature identical
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For this report, Introspective Market Research has segmented the Food Colors Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- Rest Of Europe
- Rest of APAC
Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of SA
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Scope of the Report:
The latest research on the Food Colors market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Food Colors industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Food Colors market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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