Food Colors Market is Further Likely to Drive the Demand of USD 2.97 billion by 2025
Mar 03, 2021: 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.
Download sample Copy of This Report at: https://www.millioninsights.com/industry-reports/food-colors-market/request-sample
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.
View Full Report with TOC @ https://www.millioninsights.com/industry-reports/food-colors-market
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.
Asia
Pacific has been at the forefront with regards to food colors market and will
continue to rule the roost in the years to come. The increasing demand for
natural products, changing consumer lifestyle, rising disposable income, and
rising high adoption of product in the production of alcoholic &
non-alcoholic beverages are major factors driving the growth of market in this
region.
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.
Get in touch
At Million Insights, we work with the aim to reach the highest levels
of customer satisfaction. Our representatives strive to understand diverse
client requirements and cater to the same with the most innovative and
functional solutions.
Contact Person:
Ryan Manuel
Research Support Specialist, USA
Email: ryan@millioninsights.com
Global
Headquarters
Million Insights
Felton Office Plaza 6265 Highway
9 Felton, California 95018, United States
Phone: 1-408-610-2300
Email: sales@millioninsights.com
Asia Pacific
Million Insights
Office No. 302, 3rd Floor,
Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India
Phone: 91-20-65300184
Comments
Post a Comment