Global Synthetic Food Colors Market - 2023-2030
Market Overview
The global synthetic food colors market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 6.13% during the forecast period (2023-2030).
The globally increasing consumption of packaged goods and carbonated drinks is predicted to have a favorable effect on the market expansion. In order to give a consistent, bright and attractive color, the market of synthetic food colors in been rising gradually. The market for synthetic food colors is driven since they are essential for the food products to look attractive and appetizing to the consumers.
Market Dynamics
Extraction of new colors using creative material sources
The manufacturing companies are consistently searching for new innovative ways to extract some creative colors from alternative natual sources which won’t be harming the health of humans. There are few raw material sources which still abide by the regulations such as beta-carotene from cabbage and algae, etc are expecxted to expand the market growth. Intercropping is being done with currently present crops to meet the expectations of new sources of food color, which will offer a significant growth to the major participants of the market.
Side effects of using synthetic food colors hampering the market growth
With the increasing consumption of synthetic food colors, there is a rise in number of cases of diseases being caused due to it. The consumption of synthetic colors can also lead to blocked pores, irritation, inflammation, and sensitize the skin. Synthetic food colors can cause acne troubles, they disturb the natural oil balance of the human body. According to few scientists, synthetic food colors are also a major factor for causing cancer. These are the few restraints which can hamper the market’s growth of synthetic food colors.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global synthetic food colors market is segmented based on product type, form, application, color type, and region.
The liquid segment is estimated to hold the largest market share
In the anticipation period, it is expected that the liquid segment will witness a gradual growth as compared to the other forms. Globally, the demand for liquid form of synthetic colors is more from the food and beverages industry because they enhance the viscosity, texture, pleasant flavour, stability of the product, mouthfeel and the better visual aspect of the food product. Moreover, they contain water more than gel which provides the property to properly dissolve. Thus, they are broadly being utilized in the creation of syrup, cakes, hard candies, pastries, and lollipops.
Geographical Analysis
The entrance of the food processing industries is increasing the demand for synthetic colors in Europe
The synthetic food colors industry is anticipated to develop at the fastest rate in European region. Due to the rapid expansion of the processed foods industries in Germany, it is expected that the synthetic food color market will witness an exponential growth in the anticipated period. Due to the consistent advancements of the food industries such as meat processing, pet food industry, bakery and confectioneries, there is rise in demand for the innovative colors and creative raw material sources.
Competitive Landscape
The major global players include DDW Inc., Archer Daniels Midland Company, Chr. Hansen Holdings A/S, Allied Biotech Corporation, Symrise AG, Denim Colourchem (p) Limited, DIC Corporation (BASF SE), Sensient Colors LLC., Nature S.A., and Dohler Group.
Why Purchase the Report?
• To visualize the global synthetic food colors market segmentation based on form, type, colors, application, and region understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous synthetic food colors market-level data points all for segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global synthetic food colors market report would provide approximately 61 tables, 58 figures, and 200 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Product Type
- 3.2. Snippet by Form
- 3.3. Snippet by Application
- 3.4. Snippet by Colors
- 3.5. Snippet by Distribution Channel
- 3.6. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Due to satisfactory characteristics of synthetic food colors
- 4.1.2. Restraints
- 4.1.2.1. Stringent regulations to cut down the market of synthetic food colors
- 4.1.2.2. Side effects of using synthetic colors hampering the market growth
- 4.1.3. Opportunity
- 4.1.3.1. Extraction of new colors using creative material sources
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Before COVID-19 Scenario
- 6.1.2. Present COVID-19 Scenario
- 6.1.3. PostCOVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Product Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 7.1.2. Market Attractiveness Index, By Product Type
- 7.2. Pigments*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Dyes
- 7.4. Others
- 8. By Colors
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Colors
- 8.1.2. Market Attractiveness Index, By Colors
- 8.2. Red*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Green
- 8.4. Yellow
- 8.5. Blue
- 8.6. Others
- 9. By Application
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2. Market Attractiveness Index, By Application
- 9.2. Beverages*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Bakeries, Cereals and Snacks
- 9.4. Candy/Confectionery
- 9.5. Dairy
- 9.6. Others
- 10. By Form
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 10.1.2. Market Attractiveness Index, By Form
- 10.2. Liquid*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Powder
- 10.4. Gel
- 11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Colors
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Colors
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Colors
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Colors
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. Australia
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Colors
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Company Profiles
- 13.1. Sensient Technologies*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
- 13.2. DDW Inc.
- 13.3. Nature S.A.
- 13.4. Archer Daniels Midland Company
- 13.5. Symrise AG.
- 13.6. Denim Colourchem Pvt. Ltd.
- 13.7. DIC Corporation (BASF SE)
- 13.8. Allied Biotech Corporation
- 13.9. DSM NV
- 13.10. Dohler Group
- LIST NOT EXHAUSTIVE
- 14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
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