Global Synthetic Food Colors Market, By Product (Red 40/Allura Red, Yellow No. 5, Yellow No. 6, Others), Form (Liquid, Gel, Powder), Solubility (Dye, Lake), Application, (Food, Beverages), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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 Synthetic Food Colors Market
Synthetic food colors market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 4.50% in the forecast period of 2021 to 2028. The increasing food consumption across the globe due to growing population is escalating the growth of synthetic food colors market.
Synthetic food colors refer to food additives which are produced by chemical modification or chemical synthesis and therefore they differ from the natural food colors. These food colors are in the form of gel, liquid and powder which impart color once added to any food or beverage.
The increase in the rate of domestic consumption of synthetic food colors and the rise in need for convenience foods owning to the growth in consumer’s knowledge regarding traditional and exotic taste are the major factors driving the synthetic food colors market. The shift in consumer’s preference towards food with high quality and appearance which increases the consumption of these food colors and enhancement in product by manufacturers to cater the requirements of the consumers accelerate the market growth. The rapid urbanization, growth in population and increase in disposable income also influence the market. Additionally, the rise in production and demand of food and beverage products across the globe and the lower cost of synthetic food colors in comparison with natural food colors positively affect the synthetic food colors market. Furthermore, the increasing launch of advanced products, innovative color extractions through new raw materials, emergence of new shades and multi-functional colors and increasing ventures in developing nations extend profitable opportunities to the market players.
On the other hand, concerns regarding the health hazards of synthetic food colors and implementation of stringent regulations associated with the utilization of these colors in food applications are factors expected to obstruct the market growth. The change in consumer’s preference towards the natural ingredients is projected to challenge the synthetic food colors market.
This synthetic food colors market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 synthetic food colors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Synthetic Food Colors Market Scope and Market Size
Synthetic food colors market is segmented on the basis of product, form, solubility and application. The growth among segments helps you analyze 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 product, the synthetic food colors market is segmented into Red 40/Allura Red, Yellow No. 5, Yellow No. 6 and others. Others are further segmented into black PN, chocolate brown, and blue IV.
- On the basis of form, the synthetic food colors market is segmented into liquid, gel and powder.
- On the basis of solubility, the synthetic food colors market is segmented into dye and lake.
- On the basis of application, the synthetic food colors market is segmented into food and beverages. Food is further segmented into processed food, bakery and confectionery products, meat, poultry, seafood, oils and fats, dairy products and others. Others are further sub-segmented into breakfast cereals, fruit and vegetable extract, soups, condiments and spices, dressings and sauces. Beverages are further segmented into juice & juice concentrates functional drinks, carbonated soft drinks and alcoholic drinks.
Global Synthetic Food Colors Market Country Level Analysis
Synthetic food colors market is analyzed and market size, volume information is provided by country, product, form, solubility and application as referenced above.
The countries covered in the synthetic food colors market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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).
Asia Pacific dominates the synthetic food colors market because of the lack of government regulations and awareness regarding the synthetic food colors, growing population, increase in demand for packaged food and rising disposable income in the region.
The country section of the synthetic food colors 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 Synthetic Food Colors Market Share Analysis
Synthetic food colors 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 synthetic food colors market.
The major players covered in the synthetic food colors market report are BASF SE, Vinayak Ingredients India Pvt Ltd., Kolorjet Chemicals Pvt Ltd., Rung International, Denim Colourchem (P) Limited, Nestlé, Alliance Organics LLP., Cargill, Incorporated., Arun Colour Chem Private Limited, jamsons, Rexza Colours, San-Ei Gen F.F.I.,Inc., ADM, Dow, Sensient Technologies Corporation, sunfoodtech, Matrix Pharma Chem, Red Sun Dye Chem., AJANTA CHEMICAL INDUSTRIES., Parshwanath Dye Stuff Industries., Thomas Publishing Company., 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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