Global Food Colors Market: By Form (Powder, Liquid, Gel, Others), Type (Synthetic, Natural), Application, (Bakery & Confectionary), End Use (Domestic Use, Commercial Use), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global food colors market was valued at US $ XX Mn and expected to grow at 5.4% Compound Annual Growth Rate (CAGR) over 2018 to 2024.
Market Outline: Food Colors Market
The colour of food plays an important role in visually stimulating the apatite. In some foods, synthetic or natural colors are added to give the required appearance of food. The colour additive may be pigment, dye or any other substance that impart the desired colour to the food or drink. The food colors are available in liquid, powder, paste or gel forms. Food colour is widely used in the food industry as well as in domestic cooking. Artificial colour are synthetically derived from the chemicals and natural colors are extracted or derived from the natural sources.
Market Dynamics: Food Colors Market
The global food colors market is primarily driven by the increase in demand from the confectionary, bakery and beverages industry. In addition rise in demand for the flavored fruit juices, soft drinks and nutritional drinks projected boost the market growth. Currently, synthetic colour are projected to have the high demand because of their stability and natural colors are gaining traction and expected to growth at significant rates owing to the raise in awareness in use of natural products. For instance, Nestle has rejected the use of synthetic colors in their food products. Furthermore, favorable government regulations to promote the natural color additives coupled with the increase in consumption of the natural food worldwide anticipated to bolster the market growth over the forecast period. However, the stringent regulations on the usage of synthetic colors and quality of the additives are expected to hamper the market growth over the coming years.
Market Scope: Food Colors Market
Food colors market is segmented based on form, type, application, end use and geography
Based on the form, the market is segmented into the following:
Based on the type, the market is segmented into the following:
Based on application, market is segmented into the following:
- Bakery & Confectionary
Based on the end use, the market is segmented into the following:
- Commercial Use
- Domestic Use
Based on region, Market is segmented into
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
Regional Analysis: Food Colors Market
Geographically, global food colors market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America food colors market projected to have the notable growth rate owing to the factors such as high consumption of packaged food and beverages coupled with the rise in awareness related to use of natural colors in foods. Asia Pacific food colour market is expected to have the lucrative opportunity for growth in natural food colour market due the rise in awareness and adaptation rates. Furthermore, increase in consumption of the beverages and packaged food in Asia Pacific region expected boost the regional market share. Europe food colors market projected to have the significant growth rate owing to the increased consumption of food and use of synthetic and natural colour in foods.
Competition Assessment: Food Colors Market
Some of the players in the global food colors market include:
- Sensient Technology Corporation (U.S.)
- Hansen S/A (Denmark)
- FMC Corporation (U.S.)
- Archer Daniels Midland Company (U.S.)
- Koninklijke DSM N.V. (Netherlands)
- B. Williamson Co. (U.S.)
- Döhler (Germany)
- Medclear (India)
Notable Market Developments: Food Colors Market
- In June 2017, Medclear has launched natural food colorant, curcutint to use in food and beverages industry.