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The Food Colors Market By type (natural, synthetic and natural-identical); By applications (food and beverages, oils and fats, processed food, dairy products, bakery and confectionary products, meat, poultry, seafood and others) and Region -Analysis of Market Size, Share and Trends for 2014 - 2019 and Forecasts to 2030
Food Colors Market to surpass USD 5.5 billion by 2030 from USD 3.5 billion in 2021 at a CAGR of 5.10% in the coming years, i.e., 2021-31.
Food colors are referred to the chemical substances that improve the appearance of processed food by giving it artificial color and glossiness. They are pigments, dyes, and food additives. It is common in our daily lifestyle in industries like pharmaceutical, confectionery, bakery, beverages, and cosmetics. Food color improves the texture, taste, and appearance of the product. The colors of soft drinks, candies, and baked goods are all due to the usage of food colorants.
Food Colors Market is expected to project a CAGR of 5.10% during the forecast period, 2021-2031
Due to the increased demand along with the rise in disposable income and rise in demand for natural colors due to the knowledge of artificial colors is likely to increase the market growth.
By type
it can be segmented into natural, synthetic, and natural-identical. The natural segment is expected to increase the market growth due to the rise in demand for food colors in the market.
By application segment
it can be further divided into food and beverages, oils and fats, processed food, dairy products, bakery and confectionery products, meat, poultry, seafood, and others. The food and beverage sector is anticipated to have the highest revenue in the forecasted period due to the increased demand for soft drinks, nutritional drinks, flavored drinks, and fruit juices.
Rising demand for Food color
The rising population and growing disposable income and changes in people’s lifestyles along with rising food demand are expected to drive the global food colors market. The demand for food colors in both commercial as well as domestic food productions is also a major driving force of the market. This growth is likely to increase due to new products, new raw material sources, and color production using advanced technologies. Food colors such as red sandalwood offer properties such as wound healing and are far from allergies and intolerance which increases their demand in the market. Online trade is also likely to drive the market.
Health risks and strict government regulations act as a restraint in the market.
High establishment cost of the market health risks by the use of food colorants can be a restraint in the market. Food colorants, caffeine; used in soft drinks can cause heart defects which poses a threat to consumers’ health. Strict government regulations on manufacturing of the same also act as a restraint in the market.
The global food coloring market is expected to observe high growth in the European region due to rising awareness about safe goods among consumers along with the health benefits provided by the company. The presence of several bakery and confectionary shops also drives the growth of the region. APAC is likely to emerge as a key region during the forecasted period due to the high production level and growing population in developing countries such as India, China, and Japan.
Business Strategy, Key Product offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
By product type
The Food Colors Market size was estimated at USD 3.5 billion in 2021 and is expected to reach USD 5.5 billion by 2031.
Archer Daniels Midland Company, Sunfoodtech, Sensient Technology Corporation, D.D. Williamson & Co. Inc., FMC Corporation, Kalsec Inc., Doehler Group, DuPont, Koninklijke DSM N.V., Naturex, Frutarom Industries Ltd., Lycored, Ajanta Chemical Industries, Sunfoodtech, and AromataGroup SRL
By type and By application segment anticipated to hold the largest Food Colors Market
Drivers: Health risks and strict government regulations act as a restraint in the market. and Rising demand for Food color
Food colors are referred to the chemical substances that improve the appearance of processed food by giving it artificial color and glossiness. They are pigments, dyes, and food additives. It is common in our daily lifestyle in industries like pharmaceutical, confectionery, bakery, beverages, and cosmetics. Food color improves the texture, taste, and appearance of the product.
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