Dublin, July 24, 2023 (GLOBE NEWSWIRE) — The “Natural Food Colors Market, Size, Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” report has been added to ResearchAndMarkets.com’s offering.
The report analyzes the global natural food colors market and presents valuable insights into its anticipated growth and key trends.
The global natural food colors market is expected to reach US$ 3.46 billion by 2030, with a projected Compound Annual Growth Rate (CAGR) of 8.14% from 2022 to 2030. Natural food colors derived from plant, animal, or mineral sources are gaining popularity as consumers seek healthier alternatives to synthetic colors. The shift towards natural food colors is further fueled by regulatory support and stricter food safety regulations, making them safer and more acceptable. The growing food and beverage industry is also contributing to the market’s growth as manufacturers incorporate natural ingredients, including food colors, to meet consumer preferences.
Application and Type Analysis:
The report categorizes the global natural food colors market based on application and type:
- Bakery & Confectionery
- Dairy & Frozen Products
- Meat Products
- Oil & Fat
- Fruits & Vegetables
The beverage industry is the most common application for natural food colors, driven by the clean label movement that emphasizes natural ingredients and transparency. Natural food colors enhance the visual appeal of beverages, creating vibrant and attractive hues that align with consumer preferences for healthier and visually appealing options.
- Spirulina Extract
Carotenoids dominate the global natural food colors market due to their wide availability and diverse range of vibrant colors. Carotenoids are easily extracted from fruits, vegetables, and plants, making them a popular choice for food coloring. Paprika, derived from dried and ground chili peppers, is another natural source of carotenoids and has gained popularity due to its natural origin and minimal processing.
Resin Type Analysis:
The report also examines the natural food colors market based on resin type:
- Compression molding
- Injection molding
- RTM (Resin Transfer Molding)
Compression molding resin offers versatility in the production process and excellent stability, making it suitable for various food products and processing conditions. RTM resin, known for its exceptional stability and durability, is ideal for applications requiring vibrant colors despite high-temperature processing and extended shelf life.
The global natural food colors market is analyzed across various regions:
- United States
- United Kingdom
- South Korea
- Saudi Arabia
- South Africa
- Rest of the World
The rest of the world region has a competitive advantage in the global natural food colors market due to its rich biodiversity and agricultural resources, providing abundant sources of natural colorants. Stricter regulations on synthetic food colors have driven the adoption of natural food colors in this region, and emerging markets are emphasizing product differentiation and consumer preferences for natural and clean label products.
The report profiles key companies operating in the natural food colors market:
- Archer Daniels Midland
- Symrise AG
- Chr.Hansen Holding A/S
- McCormick Company
- Adama Agricultural Solutions Ltd.
- International Flavors & Fragrances
- Kerry Group
- BASF SE
- FMC Corporation
|No. of Pages||265|
|Forecast Period||2022 – 2030|
|Estimated Market Value (USD) in 2022||$1.85 Billion|
|Forecasted Market Value (USD) by 2030||$3.46 Billion|
|Compound Annual Growth Rate||8.1%|
For more information about this report visit https://www.researchandmarkets.com/r/4pbhss
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