Food Colorants Market forecast
Food Colorants Market Growth Analysis 2024 By Top Key Players – BASF, Sensient Technology, DSM, CHR Hansen, Sethness, DD Williamson and GNT Group & More
MarketStudyReport.com offers 2018 report on Food Colorants market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.
North America market is projected to witness a CAGR at over 5.5% from 2018 to 2024. Improved food safety standards and regulatory norms for manufacturing companies are positively impacting market penetration. Edible colorants have strong application in the beverage industry, confectionary, sauce, meat, poultry, snacks, dairy, bakery and spice making companies are fostering market. FDA is mainly responsible for monitoring the usage, sales and production of food additives in the U.S. The food & beverage companies are following stringent guidelines in the usage of certified colorants. Favorable government regulations, huge consumer base, and presence of major companies stimulating industry share.
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Food colorants market is moderately consolidated to strong presence of key manufacturing companies offering product range. The major players include BASF, Sensient Technology, DSM, CHR Hansen, Sethness, DD Williamson and GNT Group are key companies. These companies are adopting mergers & acquisition strategies for strengthening market position.
Natural products including fruit pulp, bakery products, ice creams, and other dairy product lose its natural look with the time. colorants are helpful for masking dull shade and enhancing outer appearance for long duration are key factors mainly boosting market share. Surging awareness among the huge population is leading towards the higher adoption of natural food colors owing to its health benefits propelling industry size.
Natural colors market is expected to experience a CAGR at over 6% from 2018 to 2024. Increasing demand for natural colors owing to health benefits is associated with it in key applications. The segment growth is mainly contributed by products including carotenoids, caramel, chlorophyll, and paprika extracts are widely used in nourishments. Fruit pulp, vegetable extracts and frozen products are among key applications are stimulating food colorants market share.
Powder form nature identical colors market generated over 69% revenue share in 2017. Powder colorants are broadly used in several applications owing to easy to measure, highly compatible and excellent mixture benefits mainly supporting sales growth. This form also provides less risk for microbial contamination is among key benefits instigating product demand in numerous applications.
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Dye segment from synthetic colors market is projected to generate USD 1.1 billion up to 2024. Dyes are widely used in the production of the packaged products, snacks & savory, and confectionaries for enhancing outer appearance are key factors supporting product profile. Increasing product demand for bulk usage while manufacturing of RTE and non-alcoholic beverages owing to cost-effective benefits mainly instigating market growth.
Beverage application in food colorants market reported over 30% market share by revenue in 2017. Increasing demand for soft drinks, energy drinks, ready to drink coffee and juices are among key application for synthetic colorant products. Urbanization in several countries along with increasing social trends are among key factors propelling non-alcoholic beverage sales growth. Most of the manufacturing companies are focusing on enhancing product quality along with improving texture by adding synthetic colors are key strongly supporting food colorants market growth.
Growing population coupled with improved food demand across the region is anticipated to boost food colorants market share during the forecast period. Busy lifestyle and changing demographic trends are mainly resulting in the adoption of ready to eat products in major countries. Expansion of the processed food industry along with rising demand for dairy products, bakery items, and frozen products mainly propelling industry share.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Food Colorants Industry Insights
Chapter 4. Food Colorants Market, By Type
Chapter 5. Food Colorants Market, By Region
Chapter 6. Company Profiles
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2018-2023 Global Food Colorants Consumption Market Report
Food colorants are coloring additives also known as dye or pigments which are added to food or beverages to impart color and give an attractive appearance to the food and beverages.
Easily availability of raw materials such as fruits and vegetables and edible plants, coupled with rising consumer demand for natural colorants, which is driving the growth of global food colorants market.
However, stringent and expensive certifications and regulations regarding use of food colorants, and side effects associated with synthetic colors on health are expected to limit the growth of global food colorants market.
United States is anticipated to dominate among all the regions owing to increasing demand for food colorants in US and Canada. Europe is expected to hold the market share of global food colorants market at a second position in terms of value.
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