Global Food Color Market, By Type (Natural, Synthetic and Natural Identical), Application (Food Products and Beverages), Form (Liquid, Powder and Emulsion), Solubility (Water and Oil), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Food Color Market
Data Bridge Market Research analyses that the global food color market will project a CAGR of 6.75% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, surging consumption of food around the globe, rising consumer consciousness towards high quality and nutritional convenient food products, and increasing personal disposable income by the major companies are the major factors attributable to the growth of food color market.
Food colors can be described as food additives, dyes or pigments that are used to impart colors. Food colors are used in a wide range of food and beverage applications and are available in liquids, powder, gels, and paste forms. However, it doesn’t mean that food colors are always organic.
Rising global population and surge in the demand for packaged foods are the major factors fostering the growth of the market. Changing and evolving lifestyle, growth in the penetration of e-commerce platforms especially in the developing economies, growing production and demand of food and beverage products across the globe and rising focus of the manufacturers on the launch of new products are other important factors acting as market growth determinants. Rising expenditure to undertake research and development proficiencies, increasing emergence of new shades and multi-functional colors, rising consumer awareness for clean-label products especially in the emerging economies will further induce growth in the market value.
However, concerns regarding the health hazards of synthetic food colors will pose a major challenge to the growth of the market. High costs associated with the research and development proficiencies and will also hamper the market growth rate. Stringent regulations imposed by the government on the application of colorants will yet again derail the market growth rate. Misperception pertaining to titanium dioxide among consumers will also act as market growth restraint.
This food color market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on food color market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Food Color Market Scope and Market Size
The food color market is segmented on the basis of type, application, form and solubility. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the global food color market is segmented into natural, synthetic and natural identical. Natural segment is sub-segmented into carmine, anthocyanins, caramel, annatto, carotenoids, chlorophyll, spirulina and other natural colors. Others segment is further bifurcated into betalains, canthaxanthin, anthraquinones, curcumin, turmeric, and gardenia. Synthetic segment is sub-segmented into blue, red, yellow, green, amaranth, carmoisine and other synthetic colors. Others segment is further bifurcated into blended colors, black PN, chocolate brown, and blue IV.
- On the basis of application, the food color market is segmented into food products and beverages. Food products segment is sub-segmented into processed food products, bakery and confectionery products, meat, poultry, and seafood products, oils and fats, dairy products and other food products. Other food products segment is further bifurcated into breakfast cereals, fruit and vegetable extracts, soups, condiments and spices, dressings, and sauces. Beverages segment is sub-segmented into juice and juice concentrates, functional drinks, carbonated soft drinks and alcoholic drinks.
- On the basis of form, the food color market is segmented into liquid, powder and emulsion.
- On the basis of solubility, the food color market is segmented into water and oil.
Food Color Market Country Level Analysis
The food color market is analyses and market size, volume information is provided by country, type, application, form and solubility as referenced above.
The countries covered in the food color market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe region dominates the food color market and will continue to during the forecast period owing to the prevalence of stringent regulations concerning the use of artificial food colors. Asia-Pacific is set to undergo substantial gains and score the highest CAGR for this period owing to the growth and expansion of food and beverages industry, ever-rising population base in this region and high adoption of nature-identical products.
The country section of the food color market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Food Color Market Share Analysis
The food color market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to food color market.
The major players covered in the food color market report are DSM, BASF SE, ADM, Tate & Lyle, Cargill, Incorporated, Roquette Frères, Sensient Technologies Corporation, Chr. Hansen Natural Colors A/S, NATUREX SA, Vinayak Ingredients India Pvt Ltd., Kolorjet Chemicals Pvt Ltd., Rung International, Denim Colourchem (P) Limited, Nestlé, Alliance Organics LLP., International Flavors & Fragrances Inc., Kerry Group, Givaudan, DDW The Color House, Kalsec Inc., and sunfoodtech among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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