Food Colors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Food Colors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global food colors market size reached US$ 4.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.

Food colors comprise dyes, pigments and other additives that help enhance the appearance of fresh and processed food products. They are derived from inorganic pigments, synthetic coal-tar substances, or vegetable sources, such as corn, beets and soybean, combinations of organic and metallic compounds. They aid in minimizing color loss caused by exposure to light, air, moisture and variations in temperature. As a result, food colors are added to sausage casings, baked goods, candies, snack food, margarine, cheese, jams and jellies, biscuits, cookies, cakes, pastries, carbonated drinks, gelatin desserts, powdered drink mixes, and orange and potato skins. At present, they are available in gel, liquid, paste and powder forms around the world.

Food Colors Market Trends:

The thriving food and beverage (F&B) sector, in confluence with the rising consumption of processed and packaged food products, represents one of the key factors propelling the growth of the market. Moreover, food colors are employed in the pharmaceutical industry for manufacturing tablets, mouthwash, gels, syrups, and drugs. These colors are sometimes combined with different flavors like mango, orange, strawberry, lemon, mint, and herbs for adding a distinct taste and smell to pharmaceutical products. At present, there is a significant rise in the number of individuals with chronic diseases, such as diabetes, hypertension, and cardiovascular diseases, which is increasing the requirement for pharmaceutical products, such as medicines. This, in turn, is catalyzing the demand for food colors across the globe. Furthermore, the rising utilization of synthetic food colors on account of their high coloring ability, easy availability, homogeneous color distribution, brightness, stability, and ease of application is projected to fuel the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global food colors market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, form, solubility and application.

Breakup by Type:

Natural Colors
Artificial Colors

Breakup by Form:

Liquid
Powder
Gel

Breakup by Solubility:

Dyes
Lakes

Breakup by Application:

Beverages
Meat Products
Dairy Products
Bakery and Confectionary
Processed Food and Vegetables
Oils and Fats
Others

Breakup by Region:

North America

United States
Canada

Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, AromataGroup SRL (Nactarome S.P.A.), BASF SE, Cargill Incorporated, Döhler, Givaudan, International Flavors & Fragrances Inc., Kalsec Inc., Koninklijke DSM N.V., LycoRed Ltd. (Adama Agricultural Solutions Ltd.), San-Ei Gen F.F.I. Inc. and Sensient Technologies Corporation.

Key Questions Answered in This Report:

What was the size of the global food colors market in 2022?

What is the expected growth rate of the global food colors market during 2023-2028?

What has been the impact of COVID-19 on the global food colors market?

What are the key factors driving the global food colors market?

What is the breakup of the global food colors market based on the type?

What is the breakup of the global food colors market based on the form?

What is the breakup of the global food colors market based on application?

What are the key regions in the global food colors market?

Who are the key players/companies in the global food colors market?