Growth Factors of Food Colors Market
The food colors market size was valued at USD 2.55 billion in 2018, and the market is now projected tgrow from USD 7.58 billion by 2032, exhibiting a CAGR of 8.11% during the forecast period of 2019-2026.
Consumer awareness of the risks of synthetic food colours promotes the search for natural food colours, increasing the market size. Plant-based ingredients are favoured for their health benefits, reducing allergy risks. This shift is creating new opportunities for manufacturers in the natural colors market. The trend supports innovation and expansion in the sector. The growing interest in clean-label products further accelerates food colors market growth.
The demand for clean-label products is the main factor contributing tmarket share growth for natural and non-chemical-based products. This has been attributed tthe growing dangers of synthetic additives tconsumers' health. Food and beverage manufacturers practice clean labelling tmeet consumers’ changing demands. This trend increases visibility intthe supply chain and customer confidence. As a result, the clean-label market is expanding steadily, increasing the overall food color market share.
Comprehensive Analysis of Food Colors Market
The food colors market and food & beverages industry is rising at an exponential rate due tits market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the food & beverages industry. These segmentations are methodically segregated by types, by sources and by applications. The type includes, Natural, Synthetic, Naturally-identical, Caramel and Others. The source includes, Plant and Animal, Chemicals and Others. The application includes, Processed Foods and Beverages.
North America's food colors market is growing rapidly due tthe high consumption of processed and packaged foods. Rising bans on synthetic colors for health and environmental reasons drive demand for natural alternatives. Urbanization and westernization further boost packaged food sales. Consumers in North America are increasing their purchases of carbonated drinks with natural and synthetic colors, supporting strong market growth in the region.
The top players in the market play a crucial role in the food & beverages industry assuring industrial prospectus growth and setting market standards. These players include, Döhler Group, Archer-Daniels-Midland Co., Symrise AG, Ingredion Inc., Sensient Technologies, Kalsec Inc., DDW Inc., Chr. Hansen, Koninklijke DSM NV, and Naturex. These market players provide a level-playing competitive landscape.
In July 2021, GNT Group introduced the release of EXBERRY Colouring Foods crafted from turmeric and spirulina. Releasing those new merchandise can help the company cater tthe developing worldwide call for value-powerful inexperienced colours that help smooth label declarations.
Segmentation Table
Global Food Colors Market Scope
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Growth Rate CAGR of 8.11% from 2019 t2026
Historical Period 2015-2017
Unit Value (USD billion)
Segmentation By Type, Source, Application, and Region
By Type
Natural
Synthetic
Naturally-identical
Caramel
Others
By Source
Plants and Animals
Chemicals
Others
By Application
Processed Food Products
Dairy Products
Non-dairy Products
Beverages
Alcoholic
Non-alcoholic
By Region
North America (U.S., Canada, and Mexico)
Europe (U.K., France, Italy, Spain, Germany, Russia, and the Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia- Pacific)
South America (Brazil, Argentina, and the Rest of South America)
Middle East & Africa (South Africa, UAE, and the Rest of the MEA)
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