Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Food Color Ingredients Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 6.5% during the review period (2022 to 2027).
Food Color Ingredients Market Overview
The rise in food adulteration cases enhances the demand for natural food color ingredients. Based on the accelerated demand, a huge number of manufacturers are now focused on bolstering their natural food & beverage product portfolios. Given the non-toxic as well as lesser side effects nature, natural food color ingredients’ therapeutic use has been surging as well. Plus, governments’ increasing efforts to elevate the sales of natural food color ingredients owing to their biodegradability property further facilitates business growth. Besides, numerous regulations emerging in various regions encouraging the use of natural food color ingredients instead of synthetic food color ingredients will enhance the market size as well.
With the rising health consciousness among consumers, the demand for synthetic food coloring is decreasing. As a result of the adverse effects that these colors cause to human health, food manufacturers are continually on the lookout for innovative ways to extract colors from alternative natural sources. Untapped raw material sources, such as cabbage and algae beta-carotene that are compliant with the regulatory mandates, offer opportunities for the growth of the food colors ingredients market. Recent trends in the food industry witness consumers inclining toward natural colors due to the health benefits associated with them. According to the Sensient Technologies Corporation (US) “Food Trends Report” 2020, plant-based meat witnesses a high demand with new product developments. In these products, visible appearance is more important than ever.
Recent Development:
January 2022: Lycored set up a new processing unit in Branchburg for its carotenoids, amino acids, minerals, and vitamins. The processing plant offers significant capabilities for blending, milling, coating, and drying, with opportunities for customization.
07/19/2021: Sensient Technologies Corporation (NYSE: SXT) announced that it acquired the assets of Flavor Solutions, Inc. on July 15, 2021. The business provides flavors and flavor technologies to the food, beverage, and nutraceutical markets.
What are the major Applications, Types and Regions for Food Color Ingredients Market?
Food Color Ingredients Market is segmented based on the type, applications, companies and regions.
By Product Type, it is segmented into
- Caramel Colors
- Capsanthin
- Lutein
- Others
By Application it is segmented into
- Beverages
- Confectionery
- Bakery Products
- Sauces & Seasonings
- Meat & Fish Products
- Others
Food Color Ingredients Market Regional Analysis
Europe presides over the worldwide market, given the strong demand for nutraceuticals, especially in Germany, France and the UK. Demand for Spirulina in the region is significantly high, advances in science and technology, surging healthcare costs and the changes in food laws affecting product as well as label claims. Consumers’ heightened emphasis on wellness and proper diet elevates the market’s growth rate as well.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Food Color Ingredients Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Food Color Ingredients Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Food Color Ingredients Market report scope?
Report Attributes
|
Report Details
|
Forecast Period 2022 to 2027 CAGR
|
CAGR of 6.5% during the review period (2022 to 2027).
|
By Type
|
- Caramel Colors
- Capsanthin
- Lutein
- Others
|
By Application
|
- Beverages
- Confectionery
- Bakery Products
- Sauces & Seasonings
- Meat & Fish Products
- Others
|
By Companies
|
Chr. Hansen Holding A/S (Copenhagen:CHR.CO), LycoRed, Roha Dyechem, DSM, Sensient Technologies Corporation (NYSE:SXT), GNT Group, Sethness Products, San-Ei Gen F.F.I. Inc, Fiorio Colori, DD Williamson, Naturex, FMC Corporation (NYSE:FMC)
|
Regions Covered
|
- North America
- Europe
- Asia-Pacific
- Rest of the World
|
Countries Covered
|
- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
|
Base Year
|
2022
|
Historical Year
|
2017 to 2021
|
Forecast Year
|
2022 to 2027
|
Number of Pages
|
160
|
Customization Available
|
Yes, the report can be customized as per your needs
|
Key Takeaways from this Food Color Ingredients Report
- Evaluate Food Color Ingredients market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Food Color Ingredients market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
- It further investigates the specifics that are positively impacting the profit graph of this business sphere.
- The study also elaborates the critical factors which will augment the commercial terrain of the Food Color Ingredients market.
Frequently Asked Questions
What is the study period of this market?
The Food Color Ingredients Market is studied from 2017 - 2027.
What is the growth rate of Food Color Ingredients Market?
The Food Color Ingredients Market is growing at a CAGR of 6.2% over the next 5 years.
Who are the leading key players in Food Color Ingredients Market?
Chr. Hansen Holding A/S (Copenhagen:CHR.CO), LycoRed, Roha Dyechem, DSM, Sensient Technologies Corporation (NYSE:SXT), GNT Group, Sethness Products, San-Ei Gen F.F.I. Inc, Fiorio Colori, DD Williamson, Naturex, FMC Corporation (NYSE:FMC)
What regions regions does this Food Color Ingredients Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Food Color Ingredients Market?
Caramel Colors, Capsanthin, Lutein, Other
What are the major end-use applications of Food Color Ingredients Market?
Beverages, Confectionery, Bakery Products, Sauces & Seasonings, Meat & Fish Products, Other
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
