Global Food Colors Market 2017-2021
About Food Colors
Food colors are dye, pigments, or substances that normally impart color when added to food products or beverages. The exact color of the dye or pigment depends on the concentration, pH, and nature of the food to which it is added. Food colors can be segmented into natural food colors and synthetic food colors. While natural food colors are extracted from vegetables, fruits, minerals, and animal sources, and do not contain any chemicals, synthetic food colors are made using chemical processing methods. The demand for natural food colors is driving the growth of the global food colors market. Both natural and synthetic food colors are widely used in the food industry, such as in beverages, baked goods and confectionery, pet food, and meat. These colors come in various forms and have different functions, such as liquid colors which are easily soluble in water.
Technavio’s analysts forecast the global food colors market to grow at a CAGR of 7.60% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global food colors market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of food colors in the Americas, EMEA, and APAC.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Food Colors Market 2017-2021
Technavio recognizes the following companies as the key players in the global food colors market: Archer Daniels Midland, Chr. Hansen Holding, DDW The Colour House, Döhler, and Fiorio Colori.
Other Prominent Vendors in the market are: AFIS, AJANTA CHEMICAL INDUSTRIES, AMERICOLOR, Chromatech, Food Ingredient Solutions, Global Sugar Art, Kanegrade, Kolor Jet Chemical, Natures Flavors, Naturex, and Neelikon.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Product innovations. The demand for natural food colors is increasing at a fast pace. Some of the future trends for natural food colors are reliant on better technologies such as microencapsulation and processes like the addition of colors with antioxidants, emulsions, and oil suspensions. Manufacturers are also coming up with new sources for the pigmentation of new colors naturally. Addition of antioxidants results in optimum protection of colors from fading and prolongs the shelf life of the products. Some natural food colors such as carotenoids are not water soluble, and researchers are focusing on finding solutions to overcome this problem. These future trends will drive the natural food colors market's growth.”
According to the report, one of the major drivers for this market is Inexpensive nature of synthetic food colors compared to natural food colors. Synthetic colors are added to many daily consumable food items, starting from soda to salmon. Froot Loops, which is a highly popular breakfast cereal in the US and many other countries in the Americas, contains synthetic colors in abundance. This is mainly because synthetic colors are available at a lower cost than natural colors, and have higher heat resistance and moisture resistance properties than their natural counterparts. Owing to these properties and low cost, synthetic food colors are still used in many countries. These colors are used to make food products look more appetizing as they render brighter colors compared to natural colors. Breakfast cereals, candies, beverages, and chewing gums are a few examples of different food products that make use of synthetic food colors. Many manufacturers offer different kinds of synthetic products that are Food and Drug Administration (FDA)-approved and suitable to be used in ice creams, biscuits, sweets, fruit drinks, seasonings, and pharmaceutical tablets and syrups.
Further, the report states that one of the major factors hindering the growth of this market is Expensive nature of natural food colors. Natural food colors are made from fruits and vegetables. However, since most vegetables and fruits are seasonal, these raw materials for natural food colors are available only at a certain time of the year — a fact that increases the price of the raw materials (especially during the off-season), and in turn, natural food colors. Also, manufacturers of natural food colors need adequate and proper machinery to extract juice and color pigments from raw materials. Maintaining such equipment also adds to the overall production cost for the manufacturers. Thus, the overall process for preparing natural food colors is costlier compared to that of synthetic food colors. Some natural food colors even need cold storage facilities. Natural food colors can cost 20 times more than their synthetic counterparts, which deters many manufacturers of food products from using such colors.
Archer Daniels Midland, Chr. Hansen Holding, DDW The Colour House, Döhler, Fiorio Colori, AFIS, AJANTA CHEMICAL INDUSTRIES, AMERICOLOR, Chromatech, Food Ingredient Solutions, Global Sugar Art, Kanegrade, Kolor Jet Chemical, Natures Flavors, Naturex, and Neelikon.
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