The global demand for Natural Pigment Market is presumed to reach the valuation of nearlyUSD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2021-2028.
Pigment refers to the material that imparts color to the other material, along with this natural pigment or natural colorant are the natural origin pigments including Capsanthin and Lutein. Basically, these are extracted from natural vegetables, fruits or flowers. These are used in both commercial and domestic cooking due to its safety and general availability. Moreover, these have application across food & beverage, cosmetics, pharmaceuticals, and feed.
The rapidly growing food and beverage industry coupled with the increasing demand for functional food products is primarily driving the market growth. The rising awareness among individuals regarding a healthy lifestyle and the use of natural products is again accelerating market growth. However, the higher cost of natural pigment is likely to hamper the market growth. Whereas, innovation and expanding application of natural pigments are expected to create potential opportunities over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of natural pigment.
The entire natural pigment market has been sub-categorized into product type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- Food & Beverage
This section covers regional segmentation which accentuates on current and future demand for natural pigment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Natural Pigment Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the natural pigment market include Akay Group, BASF, Dongzhixing Biotech, Evesa, Greenfood Biotech, Long Ping High-Tech, Plant Lipids, Qingdao Scitech, Sensient, Zhongda Hengyuan and Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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