The Global Food Colour Market was valued at USD 2.7 BN (by revenue) in 2018 and is antici pated to reach USD 4.6 BN by 2025as per the latest published report by Value Market Research. The report anticipates a CAGR of 8% between 2019 and 2025 for this market.The demand for food color is expected to increase significantly on the account of booming food industry globally. Rising usage of food color to enhance the quality and shelf-life of the food products is expected to propel the market demand. Increasing consumption of ready-to-eat meals, confectionary food products, noodles, sauces, etc. is also expected to expand the market size. Food colors have a huge demand across the meat industry where they are used to enhance the appearance of the meat food products. Therefore, the growth of the market is directly dependent on the growing consumption of meat. Moreover, growing production of natural food colors subjected to the rising concern over the harmful effects associated with the synthetic food colors will offer immense opportunity to the market over the forecast timespan.
Food colors are categorized under pigments and dyes which are added to the food product in order to enhance the appearance and quality of the food. Food colors can be classified as natural and synthetic food colors. Natural food colors are derived from various natural sources such as fruits, vegetables, plants, and other natural sources from where colors can be extracted easily whereas synthetic colors can be prepared using chemicals. Some of the artificial food colors are sunset yellow, tartrazine, amaranth, quinoline yellow, brilliant blue, Allurared, and indigo carmine.
The report titled "Global Food Colour Market Report By Type (Natural Color And Artificial Color), Application (Meat Products, Beverages, Dairy, Bakery & Confectionary, Processed Food & Vegetables, Oils & Fats, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2018-2025" highlights the key market players and their strategies & developments over the study period. The key market statistics along with the executive summary assists in understanding the food color industry.
Market segmentation covers type, application, and regions. By Type the report categorizes the market intonatural color and artificial color. Out of which, natural color is gaining huge demand owing to health benefits associated with the products. Also, the growing demand for chemical-free products among consumer is expected to fuel the segment growth. The application category coversmeat products, beverages, dairy, bakery & confectionary, processed food & vegetables, oils & fats, and others. The beverage is holding highest share in the market owing to growing usage of the colors in ready-to-drink beverages such as soft drinks and carbonated drinks. Geographical segmentation covers North America, Europe, Asia-pacific, Latin America, and the Middle East and Africa. At present, North America is dominating the global food color market owing to the rising demand for natural food color subjected to ban imposed on the use of artificial food color.
The Report Segments Global Food Colour Market -
Players profiled In the Report:
Archer Daniels Midland Company, Chr. Hansen A/S, D.D. Williamson & Co. Inc. (DDW), Dohler Group, FiorioColori SPA, FMC Corporation, Kalsec, Inc., Koninklijke DSM N.V., Naturex S.A., and Sensient Technologies Corporation.
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