According to the new market research report by IndustryARC titled “Food Colors Market Analysis: By Application (Bakery, Meat & Poultry, Frozen Foods, Confectionery); By Type (Synthetic Food Colors & Natural Colors); By Form (Liquid, Liquid Gel, Gel Paste and Powder); By Solubility (Dyes and Lakes) & Geography – Forecast (2018 – 2023)”, the market is driven by the augmenting food and beverages industry.
Americas Hold the Largest Market Share in the Food Colors Market
In 2017, Americas region holds the largest market share in the Food Colors MarketHowever, the Asia-Pacific region holds the highest growth rate in the Food Colors Market by 2023 The growth in APAC region is owing to the high demand from emerging economies such as India, China, South Korea, and others. In addition, the increase in consumer expenditures in these countries for food & beverages leads to the increased use of natural food coloring, thereby driving the food color market. The key applications in this region include beverages and confectionery among others.
Food Colors Industry Analysis Done in the Full Report
• Food Colors are derived from a variety of sources such as fruits and vegetables, seeds, algae, insect and mineral.
• Saffron is one of the predominant natural food dyes that has been used to color certain food products since ancient times.
• In U.S. there are nine color additives; those are certified and approved for use such as annatto extract (yellow), dehydrated beets (bluish-red to brown) caramel (yellow to tan), β-carotene (yellow to orange), grape skin extract (red, green) and others.
• The most widely used colorants are caramel, chlorophylls green, saffron, turmeric, carotenoids, cochineal extract, and anthocynanins.
• The restrictions related to regulations are less for natural colors compared to those of synthetic.
• Albeit, synthetic colors dominated the industry initially, the current trend is revolving around natural colors. This trend is a result of increased awareness among people.
• The artificial dyes successfully replace salt that was used to preserve fishes and meat and keep them afresh.
• Although the cost of producing synthetic color is less as compared to natural colors, there is a huge demand for naturally derived colors.
• The demand is high for colors that are extracted from plant tissue culture-based raw materials that provide color consistency.
• Betanin, a natural food colorant, is used for its antioxidant properties. Red sandalwood has Ayurvedic properties.
Food Colors Market Growth Factors
• The increasing emphasis on health and the rising consciousness about serious health hazards of synthetic colors are primarily driving the natural food colors market globally.
• The market for carbonated soft drinks and non-alcoholic beverages are anticipated to witness largest growth rate of over 6% during the forecast period.
• The meat products segment will account for the highest share in the Food Coloring Market, registering a CAGR of 10.4% during the forecast period. This segment has been driven by its increased daily consumers.
• The natural food color is, by and large, the most in-demand segment accounting for over 70% of the total market revenue. The market is projected to reach $1.1 billion by 2019.
• Globally, various entities test food colorings for safety and each body has different perspective with respect to the safety.
• In U.S. 50% of the drinks use natural sources for coloring. As a result, the demand for the product is anticipated to grow exponentially during the forecast period.
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Key Players of Food Colors Market:
• The key players profiled in the report include Archer Daniels Midland Company, Kalsec Inc., Chr. Hansen A/S, Fiorio Colori SPA, FMC Corporation, Dohler Group, Sensient Technologies Corporation, D.D. Williamson & Co. Inc. (DDW), Koninklijke DSM N.V., and Naturex SA.
• The other players in the value chain are Symrise AG, International Flavors & Fragrances Inc., Kerry Group Plc, Givaudan SA, Royal DSM N.V.
The Food Colors Market Report is Segmented as Indicated Below:
A. Food Colors Market By Application:
4. Processed Food & Vegetables
5. Oils & Fats
6. Meat & Poultry
7. Frozen Foods
B. Food Colors Market By Type
1 Synthetic Food Colors
1.1.3 Carminic Acid and Carmine
1.4.1 Spirulina Extract
2 Natural Food Colors
C. Food Colors Market By Geography (Covers 12 + Countries)
D. Food Colors Market By Entropy
3. Ungerer & Company
8. Dharmapal Satyapal Group
15. Akay Flavous and Aromatics
18. MDH Spices
19. Mane SA
20. AVT Natural
21. Everest Spices
24. ACH Food Companies
25. Synergy Flavors
26. Plant Lipids
27. Wang Shouyi
28. Anji Foodstuff
29. Yongyi Food
What can you expect from the report?
The Food Colors Market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories
2. Market trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (By Revenue & Volume)
12. Country level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis
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