Global Food Colors Market Size, Trends, Growth Opportunity, By Product Type, By Forms, By Solubility, By Source, By Application, By Region and Forecast till 2027.

Global Food Colors Market Size, Trends, Growth Opportunity, By Product Type, By Forms, By Solubility, By Source, By Application, By Region and forecast till 2027.

The Global Food Colors Market

The Global Food Colors Market was valued at USD 4,287.5 million in 2021 and would project to rise up to USD 5,406.8 million by 2027 at a CAGR of 4.75% from 2022-2027.

Any dye, pigment, or material used to colour food and beverages is referred to as a food colour. Food colouring is an essential component of processed meals and drinks. Food colouring is used by food processors to make the original product more aesthetically pleasing, hence boosting its quality. Colors have been added to food goods as a primary way of increasing product appeal. The hues in food counteract the colour fading caused by heat, light, air, moisture, and other climatic factors. Food colours are very important in improving the visual appeal of products that are uncolored or have a poor tone. Additionally, they help in preserving the nutrients, tastes, and vitamins in food products that can lose some of their natural qualities owing to exposure to sunlight.

Market Drivers

In every location, there is a marked increase in demand for natural food colours. One of the main elements influencing their demand is the health advantages connected with their use. The demand for food and drink goods is anticipated to rise as a result of an estimated growth in global population, which is likely to fuel demand for the product throughout the forecast period. Because of the rising domestic consumption, the BRICS' booming food and beverage sector is expected to play a significant role in propelling the market over the next years. In the coming years, the industry is expected to grow even more because to the rising demand for convenience foods brought on by consumers' increased knowledge of dishes with unique and traditional tastes.

Manufacturers are predicted to increase their market investments due to ongoing R&D efforts by governments and commercial organisations to develop natural food colourants that are affordable, as carmine. Therefore, it is anticipated that the sum of all these elements will generate profitable chances for the suppliers and dealers of food colors.

Market Restraints

Growing natural colour substitutions could impede industry expansion. The use of artificial colourants in food and beverage items has been restricted by strict laws established by federal organisations of several nations. The market expansion for food colours is also being held back by the inconsistency of regulatory standards and labelling criteria across various nations for the use of organic and natural colours. Consumer misconceptions concerning artificial and titanium dioxide food colours are a major commercial restraint.

Impact of COVID-19

Due to COVID-19, which raises consumer awareness of food ingredients and drives the demand for natural food colours over synthetic ones, there is an increased requirement for natural food ingredients as well as traceability of their origin and extraction process. Natural food colour and flavour businesses faced considerable obstacles during the COVID-19 outbreak as a result of the requirement for food items to be more specialised to account for shifting consumer tastes and preferences.

Market Segmentation

The Global Food Colors Market is segmented into Product Type, Form, Solubility, Source, Application. By Product Type such as Natural (Carmine, Anthocyanins, Caramel, Annatto, Carotenoids, Chlorophyll, Spirulina, Other natural colors [betalains, canthaxanthin, anthraquinones, curcumin, turmeric, and gardenia]), Synthetic (Blue, Red, Yellow, Green, Amaranth, Carmoisine, Other synthetic colors [blended colors, black PN, chocolate brown, and blue IV]), Nature identical. By Form such as Liquid, Powder, Gel. By Solubility such as Dyes, Lakes. By Sources such as Plant & Animals, Chemicals, Others. By Application such as Beverage, Bakery, Snacks, and Cereals, Candy/ Confectionery, Dairy, Fruit Preparations/ Fillings, Meat, Poultry, Fish, and Eggs, Potatoes, Pasta, and Rice, Sauces, Soups, and Dressings, Seasonings, Pet Food.

Regional Analysis

The Global Food Colors Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Strong consumer demand and Europe's robust bakery and confectionary industry are anticipated to have a beneficial effect on the region's market expansion throughout the projection period. Because they have better qualities than natural food colours, such uniform colour, and are more affordable, Asia Pacific has a high adoption rate for nature-identical products. Additionally, the product's widespread use in the production of alcoholic and non-alcoholic beverages is anticipated to fuel market expansion.

Key Players

Various Key Players are listed in this report such as BioconColors, DDW, The Color House, Döhler Group, GNT International B.V., Kalsec Inc., DSM, Naturex S.A., ROHA (A JJT Group Company), San-Ei Gen F.F.I., Inc., Sensient Colors LLC.

Market Taxonomy

By Product Type

• Natural

Carmine

Anthocyanins

Caramel

Annatto

Carotenoids

Chlorophyll

Spirulina

Other natural colors [betalains, canthaxanthin, anthraquinones, curcumin, turmeric, and gardenia]

• Synthetic

Blue

Red

Yellow

Green

Amaranth

Carmoisine

Other synthetic colors [blended colors, black PN, chocolate brown, and blue IV]

• Nature identical

By Form

• Liquid
• Powder
• Gel.

By Solubility

• Dyes
• Lakes.

By Sources

• Plant & Animals
• Chemicals
• Others

By Application

• Beverage
• Bakery, Snacks, and Cereals,
• Candy/ Confectionery
• Dairy
• Fruit Preparations/ Fillings
• Meat, Poultry, Fish, and Eggs
• Potatoes, Pasta, and Rice
• Sauces, Soups, and Dressings
• Seasonings
• Pet Food.

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa