Source:MarketUs
March08,202316:36ET
AtCAGR9.3%,FoodColorantsMarketWillReachUSD10Billionby2032
AccordingtoMarketus,thefoodcolorants marketsizeis projectedtosurpass aroundUSD 10Billionby 2032anditis poisedtoreachaCAGR of93%from 2023to2032 RiseinConsumer PreferenceandAwareness Regardingtheir HealthBenefits AssociatedwithNaturalColors
New York,March08,2023(GLOBE NEWSWIRE) -- Theglobalfoodcolorants marketwas valuedatUS$420billion andis expectedtogrow aroundUSD 10.0billionbetween2023and2032;this marketis estimatedtoregister the highestCAGR of93% Whenaddedtofoodor beverages,foodcoloringis adye,pigment,or other substancethat imparts color.Foodcolors areusedinmeatproducts,beverages,dairy products,bakeries,confectionery,processed foods andvegetables,oils & fats,andmore They areavailableinavariety offorms,includingliquids,powders,gels, andpastes.
Togetadditionalhighlights onmajor revenue-generatingsegments,Requestaglobalfoodcolorants marketsample reportathttps://marketus/report/food-colorants-market/request-sample/
Key Takeaway:
By Type,in2022,synthetic colorants areexpectedtoholdthelargestmarketshareduetotheir low costand ready availability inthemarket.
By Application,In2022,thebeverages sector was themostdominatinginthefoodcolorants market In2022,NorthAmericadominatedthemarketwiththehighestrevenueshareof43%.
Europehas helda24%revenuesharein2022
Asia-Pacific regionhas ledtotheconsumptionofavariety ofready-to-eatsnacks,creatingdemandfor these colors
Thedevelopmentofmodernfoodprocessingtechniques,inwhicheventhesmalleststepdepletes food's natural coloringpigments,has increasedthesignificanceoffoodcolorants over thepastfew decades Foodenrichmentis the process ofaddingback whatis removedduringprocessing Foodadditives,ontheother hand,providethis value addition Animportantcomponentoffoodadditives is colorants
Theenormous marketdemandfor various processedfoodproducts
andcarbonatedbeverages is theprimary driver of theglobalmarket Themarketis expectedtoexpandsignificantly over theforecastperiodduetothegrowingdemand for foodcolors andthelargequantities offoodcolors usedinsoftdrinks
Factors affectingthegrowthoftheFoodColorants industry
Thereareseveralfactors thatcanaffectthegrowthofthefoodcolorantindustry Someofthesefactors include:
Risingconsumer demandfor naturalcolorants andtheeasy availability ofraw materials likeedibleplants and fruits andvegetables
Consumer awareness:Numerous allergic conditions canresultfrom frequentconsumptionofchemicalcolors In this way,customers aremorelikely tobuy products madewithplant-basedingredients
Increasedconsumptionofprocessedfoodproducts andbeverages:Theconsumptionofprocessedand packagedfoodproducts has increasedas aresultofmodernizationandtherisingnumber ofworking professionals
Itis anticipatedthattheuseoffoodcolorants willriseas thefoodandbeverageindustry uses them more Naturalcolors arebecomingincreasingly popular duetotheir health-promotingproperties andtheorganic properties ofnaturalproducts
Theuseofvarious foodcolors has increasedas aresultoftheincreasedconsumptionofprocessedfood products likeready-to-eatsnacks,softdrinks,conveniencefoods,processeddairy products,andothers Inthecomingyears,thefoodcolorants marketwillbeabletoexpandquickly duetotherisingconsumptionof softdrinks indevelopingnations
Tounderstandhow our foodcolorants marketreportcanbringadifferencetoyour business strategy,Inquireabouta brochureathttps://marketus/report/food-colorants-market/#inquiry
TopTrends inGlobalFoodColorants Market
Withthestrongglobalconsumer preferencefor morenaturalproducts,therehas beenanexplosionofinterestin creatingnaturalfoodcolorants Naturalcolors arebecomingmoreandmoresought-after duetotheir health-promoting benefits andorganic qualities.Naturalmaterials,particularly flavors,andcolors,haveundergoneadramatic evolution inrecentyears Naturalcolors areexpectedtogrow attwicetherateofsynthetic hues duetotheir health-promoting qualities andrisingconsumer preferencefor foods thathaveminimalprocessing.Unfortunately,naturalpigment productioncosts arehigher comparedtosynthetic or naturalones Consequently,"exemptcolor additives"havebeen exemptedfrom certificationby theFDA.
This marketis experiencingaboom indemandduetoanuptick inclean-labelingredients Natural,chemical-free products arewinningoutover thosewithchemicalingredients amongconsumers,duetoincreasedawareness about potentialhealthhazards posedby thesesynthetic components Comparingplant-derivedingredients,consumers are becomingincreasingly concernedwithpotentialhazards posedby synthetic ingredients
This remarkableshiftinconsumer behavior has spurredmany foodandbeveragecompanies toincorporatecleanlabelingredients intotheir products This provides transparency throughoutboththeir supply chains as wellas productionprocesses
Interestinclean-nameunrefinedcomponents spurs interestinthis market Itis evidentthatconsumers aremoving away from products withchemicalingredients andtowardproducts thatareonly madeofnaturalingredients Consumer perceptions ofthedistincthealthrisks posedby chemicalingredients incomparisontoplant-based ingredients areclearly toblamefor this shift Numerous foodandbeveragemanufacturers haveconsolidatedthe productionofclean-labelingredients andtheir useinfinishedfoodproducts as aresultofthis significantconsumer shift This methodoffoodproductionmakes thesupply chainandits methods ofproductiontransparent
MarketGrowth
Therisingpopulationandmodernizationaredrivingthedemandfor handledandbundledfoodvarieties.Duetoan increaseinprocessedfoods suchas ready-to-eatfoods,softdrinks,instantsnack foods,andprocesseddairy products,various foodcolorings havebecomemorecommonplace.Togivetheseitems anappealingappearance, colors aremixedtogether However,consumers stillvalueraw materials usedinproductionjustas muchas visual appeal.Pigments anddyes aretwocommonfoodcolorings;liquidcolorants or gels may alsobeemployeddepending onproducttype
Duetotheincreasingpopularity ofcarbonatedandsoftdrinks indevelopingnations,themarketfor foodcoloringwill grow rapidly over thecomingyears Helpmakeithealthier by encouragingyour employees andcustomers to incorporatefoodcoloringintotheir drinks Consumers arebecomingmoreawareofthepotentially hazardous effects of synthetic foodadditives,andregular consumptioncanposehealthrisks Furthermore,somemay developallergic reactions
As aresult,plant-basedproducts havebecomemoreandmorepopular withshoppers As consumers becomemore informedofthehealthadvantages ofnaturalcolors andpigments,they havegainedpopularity As such,naturalor plant-basedcolors presentamarketopportunity for manufacturers inthis spaceas itreduces allergy risks for customers
RegionalAnalysis
Thesubstantialconsumptionofpackagedfoods inmajor economies likeNorthAmerica,Europe,andAsia-Pacific is theprimary driver oftheglobalmarketfor foodcoloring.As consumers purchasemorecarbonatedbeverages,thereis agrowingmarketfor naturalandsynthetic colors across NorthAmerica Naturalfoodcolors,inparticular,accountfor themajority ofsales intheEuropeanmarket,whichis comparabletothatofNorthAmerica.
Thedemandfor naturalfoodcoloringhas increasedas aresultofthegrowingprohibitiononsynthetic dyes for ecologicalandtoxicologicalreasons Theconsumptionofpackagedfoodhas increasedas aresultofwesternization andurbanization Dependingontherequirements,thesefoods containnatural,synthetic,or artificialfoodcoloring Awareness amongconsumers ofnaturalfoodandbeverageingredients Thenaturalfoodcoloringmarketis expanding inthis regionduetoconsumers' awareness oflabelreadingandingredients
Thesecolors areinhighdemandbecauseofthehighpopulationdensity intheAsia-Pacific region,whichhas resulted intheconsumptionofavariety ofready-to-eatsnacks Marketexpansionis largely fueledby theregion's risinglabor force.Ontheother hand,problems withregulations,worseningeconomic conditions,andconcerns aboutconsumer healthareallslowingdowngrowthinSouthAmericaover theforecastperiod However,astrongpreferencefor packagedfoods is anticipatedintheregion.
CompetitiveLandscape
Players intheFoodColors Markethavebeenreshapingtheproducttoattractindustries andconsumers whouseit. Additionally,manufacturers likeChr By investinginresearchanddevelopment,introducingnew products,and acquiringregionalinnovativeunits,HansenHoldingA/S is improvisingonits products.
Inanefforttoincreasefoodcolor consumption,manufacturers areexpandingtheir applicationoptions for petfoods In addition,they areconcentratingonimproveddistributionchannels likee-commercetogainanadvantageover rivals
FoodColorants Market:ScopeoftheReport
ReportAttribute
MarketDrivers
Duetotheprevalenceoforganizedsports andtheongoingtrendtowardexerciseandfitness regimens,itis anticipated thattheglobalmarketfor sports medicinewillexpand.TheCDC says thatchildrencanavoidmajor sports injuries. Additionally,itis anticipatedthattheglobalmarketwillexpandas new sports injury treatments aredevelopedin developingnations andknowledgeofsports medicinegrows
Themostcommontypes offoodcoloringarepigments anddyes ,Additionally,gels andliquidcolorants areutilizedfor beverages.Dependingontheproduct,differentcolors areused.Themajority ofcarbonatedandsoftdrinks contain morefoodcoloringthanactualfood Duetotherisingpopularity ofsoftdrinks indevelopingnations,themarketfor food coloringwillexpandrapidly inthecomingyears.Facilitateit.Consumers areawareoftheharmfuleffects ofvarious foodadditives madeofsynthetic materials,andregular consumptioncanposeanumber ofhealthrisks Thereare allergic issues.
MarketRestraints
Therearecarcinogens andallergens insynthetic foodcolors Togetaroundthis,various nationalassociations have enactedanumber ofstringentregulations Carcinogens thathavethepotentialtocausecancer havebeentestedin artificialcolors likeRed40,Yellow 6,andYellow 5 Accordingtothefindings ofaBritishgovernmentstudy,children betweentheages of8and9whoconsumeartificialandsynthetic colorings exhibithyperactivity Caffeine,acommon coloringingredientinsoftdrinks,cancauseheartpalpitations TheFoodandDrugAdministration(FDA) claims that studies onlaboratory animals havedemonstratedthatthesynthetic colors Red40,Yellow 6,Yellow 5,Blue2,Blue1, andGreen3havecancer-causingproperties
MarketOpportunities
Naturalcolors havebeenextensively usedby foodmanufacturers torestoretheappealofprocessedfoodand beverageproducts inresponsetotherisingdemandfor naturalfoods.Organic foodis always indemandbecause peoplecaremoreabouttheir healthandaremoreawareofthebadeffects ofconventionally grownfood Organic foods usealotofnaturalcolors tomakepeoplemorelikely tobuy them andtoinfluencetheir buyingdecisions.
ProductTypeInsight
Theglobalmarketfor foodcoloringis segmentedintosynthetic andnaturaltypes basedontype.Duetotheir widespreadacceptanceinbothdevelopedanddevelopedeconomies,themarketis anticipatedtoexpandrapidly Due totheir low priceandwidespreadavailability,synthetic colorants areanticipatedtodominatethemarketby type.There aremany differentkinds ofsynthetic foodcolors thatareusedinfoods anddrinks tomakethem look better,make peoplewanttoeatmore,andmakethem morepopular.Thedemandfor synthetic chemicalcolors is anticipatedto slowly riseover timeas aresultofnumerous stringentrules andregulations imposedby various federalagencies Naturalcolors,ontheother hand,areanticipatedtoexpandatthefastestCAGR of9.67%duetoconsumers' high preferencefor naturalingredients Nature-indistinguishablefoodcolors aresynthetically createdhowever havethevery atoms thatareavailableinnormalfoodcolors.CAGR is slowingbecauseconsumers arenotawareofthis kindoffood coloring Becauseofits color andflavor,caramelis frequently utilizedincandy making Intheglobalmarket,consumer acceptanceofthesekinds ofpaints is akey growthfactor
ApplicationInsight
Themarketfor application-basedfoodcolors is dividedintodairy andfrozenproducts andbakeries.In2022,the beverages industry was thedominantmarket Thebeverageindustry is experiencingamajor innovationshiftas consumers shifttheir focus toconveniencefoods andbeverages.Intandem withthedemandfor ready-to-drink drinks thatcanbetakenonthemove,consumers areincreasingly interestedintheoriginoftheingredients
RecentDevelopmentoftheFoodColorants Market
InJanuary 2021,GNTGroupaddedanew pink colorantunder theEXBERRY® brandcalledEXBERRY Shade Pink –OD,designedfor fat-basedapplications Therearealsored,yellow,orange,blue,andgreenvariations
InOctober 2020,Chr HansenNaturalColors establishedanR&D center inMontpellier,France,toexpandits pigment,formulation,andapplicationcapabilities andintroducenew naturalcolor solutions,especially inshades ofgreen,blue,andbrown
InOctober 2020,Chr HansenNaturalColors establishedanR&D center inMontpellier,France,toexpandits pigment,formulation,andapplicationcapabilities andintroducenew naturalcolor solutions,especially inshades ofgreen,blue,andbrown
For moreinsights onthehistoricalandForecastmarketdatafrom 2016to2032- downloadasamplereportat https://marketus/report/food-colorants-market/request-sample/
MarketSegmentation
By ProductType By ApplicationSpain
RestofWesternEurope
EasternEurope
Russia
Poland
TheCzechRepublic
Greece
RestofEasternEurope
APAC
China
Japan
SouthKorea
India
Australia& New Zealand
Indonesia
Malaysia
Philippines
Singapore
Thailand
Vietnam
RestofAsia-Pacific
LatinAmerica
Brazil
Argentina
Colombia
Chile
CostaRica
RestofSouthAmerica
MEA
Algeria
Egypt
Israel
Kuwait
Nigeria
SaudiArabia
SouthAfrica
Turkey
UnitedArabEmirates
RestofMEA
Key MarketPlayers
DDW TheColor House
IFC Solutions
NaturalFoodColor
NeelikonFoodColours & Chemicals
AccurateColor & Compounding
NorthwesternExtractCo
KIK Danville
SensientColors LLC
WILD Flavors andSpecialty Ingredients
Kolor JetChemicalPvt
FoodIngredientSolutions LLC
Other Key Players
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