Global Market Insights has recently published a study titled ‘Global Food Colorant Market Research Report’. In this report, analysts have provided a detailed evaluation of the global Black Tea Extract market. The report is inclusive of a completely comprehensive study of the Food Colorant Market alongside all the important factors that are likely to have an impact on the commercialization matrix of the market.
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.
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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.
“Food Colorants Market valuation surpassing USD 3 billion in 2018 And is expected to exceed USD 4.7 billion by2025;according to a new research report by Global Market Insights, Inc.”
Top Key Players :
2. Cargill Incorporated
3. Koninklijke DSM N.V.
5. FMC Corporation
7. DDW The Colour House
8. Hansen Holding A/S
9. Sensient Colors LLC
10. GNT Group
11. Dohler Group
15. San-Ei Gen F.F.I., Inc.
16. Sethness Caramel Color
17. WILD Flavors and Specialty Ingredients
18. RIKEN VITAMIN Co. Ltd.
Market Segmentation By Types:
1. Natural Colors
2. Synthetic Colors
3. Nature Identical Colors
Market Segment By Applications:
2. Dairy & Frozen Products
5. Poultry & Seafood
7. Oils & Fats
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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.
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.
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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.
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.
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