Natural Dyes Market - Global Outlook and Forecast 2019-2024
The global natural dyes market is anticipated to generate revenues of approximately $5 billion by 2024, growing at a CAGR of around 11% during 2018-2024.
The increasing focus on quality and performance coupled with stringent government environmental regulations regarding pollution will encourage the use of natural ingredients in the global market. The rising awareness about the depletion of natural resources, distortion of ecological imbalance, pollutants resulting in a disturbed environment caused by the over usage of hazardous chemicals and specifically synthetic dyes will enable vendors to launch a more sustainable and safer alternative in the market.The global natural dyes market is driven by the innovations in treatment plants and systems. The improvement in living standards and an increase in per capita disposable income will propel the demand for natural colorants in the global market. The market research report provides in-depth market analysis and segmental analysis of the global natural dyes market by type, end-users, and geography.
The report considers the present scenario of the global natural dyes market and its market dynamics for the period 2018−2024. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and production sides of the market. It also profiles and analyzes prominent companies operating in the market.
Natural Dyes Market – Dynamics
The recent market trend of increasing demand for natural, organic, and sustainable products is driving the demand for products which use natural raw materials is driving the natural dyes market.The high needs of nowadays consumers generate the frequent use of a high amount of different synthetic dyes in all branches of the economy. The popularity of these chemically synthesized dyes is connected with easy and low-cost production, vast color spectrum, and colorfastness. The most commonly used synthetic dyes are of triphenylmethane and azo group. They have an aromatic and complicated chemical structure which heightens their resistance to biological, chemical, and physical factors. The R&D in the dyeing industry has been more concentrated toward the optimization of synthetic dyes but the renewed interest for natural dyes is encouraging more research in this field in order to achieve efficient and greener future prospects and new processes. One of the main researches and innovation are in natural dyes is the use of enzymes and ultrasonic dyeing techniques, rising use in India, which are aimed at avoiding the use of metal mordants and obtaining comparable or better results than synthetic dyes. The market is also witnessing an increase in the influence of digital consumerism on the sale of food products. There is a wide scope for vendors to increase their profitability by adopting e-commerce as a business platform. Amazon.com, ASDA.com, and Walmart.com are some of the largest vendors in the online retail market for day to day products.
Natural Dyes Market – Segmentation
This market research report includes a detailed segmentation of the market by type, end-users, and geography.The global natural dyes market by type is segmented into animal-based, mineral-based, and plant-based. Plant-based segment dominated more than two-thirds of the total market share in 2018, growing at a CAGR of around 12% during the forecast period. The growing evidence against harmful effects and rising concerns toward protection of the environment, the use of synthetic dyes is fueling the growth of this segment in the global market. The mineral-based products are used in coloring and staining of textiles, particularly used in carpets and rugs, which in turn, contributes to the growing revenues in the global natural dyes market.
The end-user segment in the global natural dyes market is divided into cosmetics, food & beverage, pharmaceutical, textile & leather, and others. Cosmetics is the fastest growing segment in the global market, at a CAGR of around 11% during the forecast period. The rising number of green-minded consumers and the emerging trend of “all natural” products are driving the growth of this segment in the global market. Natural ingredients are raging in the food and beverages industry and gaining acceptance in the cosmetics sectors, thereby, fueling the requirement of these colorants in the market. The use of suitable mordants that improves the fastness properties these products will boost the adoption in the textile and leather industry in the market. The pharmaceutical industry uses this product in tablets and coatings, liquid oral syrup, capsules, ointment, and toothpaste to increase its aesthetic appearance and stability, resulting in higher demand in the global natural dyes market.
Market Segmentation by Type
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