(EMAILWIRE.COM, January 10, 2019 ) The global food colors market is estimated at USD 3.88 billion in 2018 and is projected to grow at a CAGR of 5.7%, to reach USD 5.12 billion by 2023. Factors such as the growing demand for natural food colors have significantly fueled the market for food colors due to the increasing consumer awareness for clean-label products and additional health benefits of certain natural food colors.
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The food colors market, on the basis of application, is segmented into the food and beverages segments. Processed food accounted for the largest share in 2018, followed by bakery & confectionery products. Processed foods such as crisps, sausage rolls, tinned vegetables, savory snacks, and other convenience foods held the largest share of the food colors market.
7 Food Colors Market, By Type
7.1 Introduction
7.2 Natural Colors
7.2.1 Carmine
7.2.2 Anthocyanins
7.2.3 Caramel
7.2.4 Annatto
7.2.5 Carotenoids
7.2.6 Chlorophyll
7.2.7 Spirulina
7.2.8 Others
7.3 Synthetic
7.3.1 Blue
7.3.2 Red
7.3.3 Yellow
7.3.4 Green
7.3.5 Amaranth
7.3.6 Carmoisine
7.3.7 Others
7.4 Nature Identical
8 Food Colors Market, By Application
8.1 Introduction
8.2 Food
8.2.1 Processed Food
8.2.2 Bakery & Confectionery Products
8.2.3 Meat, Poultry, and Seafood
8.2.4 Oils & Fats
8.2.5 Dairy Products
8.2.6 Others
8.3 Beverages
8.3.1 Juice & Juice Concentrates
8.3.2 Functional Drinks
8.3.3 Carbonated Soft Drinks
8.3.4 Alcoholic Drinks
The key players that are profiled in the report include ADM (US), DowDuPont (US), Sensient Technologies (US), Kalsec (US), DDW (US), Chr. Hansen (Denmark), DSM (Netherlands), Naturex (France), Dhler Group (Germany), Fiorio Colori (Italy), LycoRed (Israel), and Frutarom (Israel).
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The basic objective of the report is to define, segment, and project the global market size for food colors on the basis of application, type, form, solubility, and region. Other objectives include analyzing the opportunities in the market for stakeholders and providing a competitive landscape of market trends, analyzing the macro and microeconomic indicators of this market to provide factor analysis, and to project the growth rate of the food colors market.
Break-up of Primaries:
By Company Type: Tier 1 – 43%, Tier 2 – 41%, and Tier 3- 16%
By Designation: C-level Executives -54%, Director-level 46%
By Region: North America – 22%, Europe – 35%, Asia Pacific- 28%, and RoW 15%
Europe accounted for the largest share of the food colors market in 2018. This market is driven by increased awareness about safe food color products among consumers, and inclination toward the health benefits provided by natural food colors. Asia Pacific is projected to be the fastest-growing market between 2018 and 2023.
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The major restraining factor for the food colors market is the health problem caused by consuming some synthetic colors. Another factor could be the stability of natural colors, which changes with changes in atmospheric or processing conditions such as pH, temperature, and light. Some natural colors start decolorizing after some time of processing. Some natural colors can impart off-tones to the final product during processing.
Reasons to buy this report:
To get a comprehensive overview of the food colors market
To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
To gain insights about the key countries/regions in which the food colors market is flourishing
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