Global Food Colors Market report delivers future development strategies, key companies, Possibility of competition, major challenges analysis. The reports elaborate the expansion rate of the Food Colors market supported the highest company profile analysis. This report providing an in-depth analysis, market size, and evaluation for the developing segment among the industry. Food Colors Market report will help you take expert decisions, recognize opportunities, plan effective professional tactics, plan new schemes, analyse drivers and restraints and give you a vision on the Food Colors Market forecast.
The Food Colors Market report discusses the primary industry growth
drivers and challenges that the vendors and the market as a whole face and
provides an overview of the key trends emerging in the market. It also talks
about the market size of different segments and their growth aspects along with
key leading countries in Americas, Asia-Pacific, Europe, the Middle East, and
Africa regions.
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Global Food Colors Market size is expected to reach USD
2.97 billion by 2025. Food colors are added to beverages and food items to
enhance their appeal. Dyes and pigment are the most common colorants added to
food items and beverages in liquid gel, liquid, powder and gel paste form.
Increasing use in end user industries and growing demand for colored food
products due to their aesthetic appeal are anticipated to drive the demand for
food colors in the coming period. The food colors market is expected to
register a CAGR of 5.9% in the upcoming period as the scope, product types, and
its applications are increasing across the globe.
In the market, various types of food colors are available
such as synthetic, natural, natural-identical, and others. The “natural” food
color is expected to hold the largest market share in the upcoming period due
to the growing awareness among consumers regarding the health benefits
associated with natural food colors. The “natural food color” is segmented into
beta carotene, astaxanthin, annatto, anthocyanin, and others. However, the
“synthetic” food colors are projected to grow at a high CAGR in the next couple
of years. The increasing demand for synthetic colors such as blue and green is
expected to boost the growth of market in beverage manufacturing industry.
Applications such as dairy food, non-dairy food,
alcoholic beverages, carbonated soft drinks (CSD) & non-alcoholic
beverages, meat products, dressings & sauces, condiments, custards &
pudding, frozen products, savory & snacks and others could be explored in
food colors industry. The “carbonated soft drinks & non-alcoholic
beverages” segment is expected to witness large market share in the upcoming
period due to rising disposable income, economic development and growing demand
for ready-to-drink beverages.
The factors that play an important role in the growth of
food colors market include increasing demand, growing population, increasing
urbanization & industrialization, growing demand for clean label products,
advancements in technological innovations, increasing demand for food colors
for the production of canned products, growing consumer demand for low-fat
food, rising demand for alcoholic and non-alcoholic beverages, growing adoption
of processed food by consumers and stringent government rules & regulations.
The other factors include changing lifestyle due to rapid urbanization, rising
disposable incomes, increasing consumer preference for high-quality products,
ongoing product innovation and strict government regulations.
Moreover, growing demand for the product across various
industries such as bakery & confectionary, beverages, and dairy products is
likely to positively impact the growth of market in the next couple of years. However,
ban on trade of artificial colors and rising substitution by natural colors are
negatively impacting the growth of food colors industry.
The market is widely analyzed based on different regional
factors such as gross domestic product (GDP), demographics, acceptance,
inflation rate and others. The market is categorized based on product,
application, form, solubility, and geography. The market is classified into
form such as liquid dye, gel paste dye, powdered dye, gel paste dye, and
others.
The key players contributing to the robust development of
the food colors industry include Archer Daniels Midland Company, FiorioColori,
Chr. Hansen S/A, Koninklijke DSM N.V., Naturex S.A., Sensient Technology
Corporation, Kalsec, FMC Corporation.D.D, RAHO, Williamson & Co. Inc.
(DDW), ITC Colors, Döhler Group and Kalsec Inc. These market players are
focusing on inorganic growth to sustain themselves amidst fierce competition.
As such, mergers, acquisitions, and joint ventures are the need of the hour.
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