Published September 5, 2023
As per the study initiated by Evolve Business Intelligence, the global Food Color market size accounted for USD 4.40 billion in 2022, growing at a CAGR of 4.98% from 2023 to 2033. The food color market is a thriving industry that focuses on providing vibrant and appealing colors to various food and beverage products. Food colors are widely used in the food industry to enhance visual appeal, differentiate products, and evoke specific consumer preferences. The market is driven by factors such as the rising demand for natural and clean-label food colors, the increasing consumption of processed and packaged foods, and the growing trend of food customization and innovation.
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- The global Food Color Market size was valued at USD 4.40 billion in 2022 growing at a CAGR of 4.98% from 2023 to 2033.
- North America dominated the market in 2022
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has recently released a new market research report on the Global Food Color Market. The report covers a wide range of aspects, such as market size and forecast, market dynamics, analysis of competitors’ market share, value and volume of the market, SWOT analysis, product benchmarking, recent developments of key players, and potential opportunities. Additionally, the market has been assessed based on four indicators in the market dynamic chapter, including Drivers, Restraints, Key Trends, and Challenges.
In terms of COVID 19 impact, the Food Color market report also includes the following data points:
- COVID19 Impact on Food Color market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in Food Color market
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Some of the major Food Color players holding high market share include ADM (US), Lycored (Israel), International Flavors & Fragrances Inc (US) and DDW (US). These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
- ADM (US)
- Lycored (Israel)
- International Flavors & Fragrances Inc (US)
- DDW (US)
- Döhler Group (Germany)
- Florio Colori (Italy)
- Sensient Technologies Corporation (US)
- DSM (Netherlands)
- Naturex (France)
- Kalsec Inc (US)
Market Segment By Source with focus on market share, consumption trend, and growth rate of Food Color Market:
Market Segment By Application with focus on market share, consumption trend, and growth rate of Food Color Market:
- Bakery & Confectionery
- Dairy & Frozen Desserts
- Sweet & Savory Snacks
- Meat Products
|Market Size (2022)||$ 4.40 billion|
|CAGR (2023 to 2033)||4.98%|
|Market Segmentation||Source, Application|
|Country Covered||US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America|
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Global Food Color Geographic Coverage:
- North America
- Nordic Countries
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America
Reasons to Buy this Report:
- Detail analysis of the impact of market drivers, restraints, and opportunities
- Competitive Intelligence provides an understanding of the ecosystem
- Details analysis of the Total Addressable Market (TAM) of your products
- Investment Pockets and New Business Opportunities
- Demand-supply gap analysis
- Strategy Planning
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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