Natural Food Colors Market by Type (Carmine, Anthocyanins, Caramel, Annatto, Carotenoids, Chlorophyll, Spirulina), Source (Plant, Animal), Form (Liquid, Powder) Solubility (Water, Dye), Application (Processed Products, Beverages)-Global Forecast to 2024.
The global natural food colors market is expected to grow at a CAGR of 8.8% to reach $2,537.3 million by 2024 from $1,662.4 million in 2019.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities. The factors such as growing awareness about the benefits of natural food colors, increasing awareness for clean-label products, growing need to enhance product appeal, growing research and development activities in food industry, and growing use of microencapsulation technology are driving the growth of natural food colors market in many countries across the globe.
In addition, the report further gives an extensive outlook on various industry/facilities served by the food colors. These industries include food and beverage; meat, poultry, and seafood; bakery and confectionary; oil and fats industry; academic and research institutes; and Contract Development and Manufacturing Organizations (CDMOs).
Based on type, Carmine segment accounted for the largest share of the global natural food colors market in 2018 due to growing demand to use in food products including meat, beverages, dairy, and frozen products owing to its unique red color. However, spirulina natural food colors market is expected to witness a rapid growth during the forecast period.
Based on application, processed food products segment dominated the global natural food colors market in 2018. However, beverages segment is expected to witness a rapid growth during the forecast period. The growth of this segment is mainly attributed to growing need to improve the energy-nutrient ratio in beverages as well as to meet the demand of health-conscious consumers.
An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region. The geographic analysis provides detailed insights on the key trends of the industry in the listed regions & countries, identifying the demographic & economic impact, government & private investments, and regulatory scenario. The report identified that Europe is the largest market followed by North America, Asia-Pacific, Latin America, and Middle East & Africa. The geographic analysis section also comments on the key market players shaping the growth of the industry in the respective countries.
The report also includes the competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 5 years (2015-2019). The market players employed various strategies to expand their product offerings, global footprint, and augment their market share. The key strategies followed by most companies in the global natural food colors market include mergers & acquisitions, new product launches, and expansion.
The major players operating in the global natural food colors market are CHR Hansen Holding A/S (Denmark), Koninklijke DSM N.V. (The Netherlands), Sensient Technologies Corporation (U.S.), Archer Daniels Midland Company (U.S.), Dohler Group (Germany), DowDuPont (U.S.), D.D. Williamson & Co., Inc. (U.S.), Naturex S.A. (France), FiorioColors S.R.L (Italy), Kalsec Inc. (U.S.), FMC Corporation (U.S.), BASF SE (Germany), (Israel), Lycored Ltd. (Israel), GNT Group (The Netherlands), San-Ei Gen F.F.I., Inc. (Japan), Phinix International (India), Kolorjet Chemicals Pvt.Ltd. (India), Vinayak Ingredients India Pvt. Ltd. (India), IFC Solutions. (U.S.), and Food Colour Innovation S.L. (Spain).
Scope of the Report:
Market by Types
Market by Source
Market by Form
Market by Solubility
Market by Application
Processed food products
Bakery, Snacks, and Cereal
Meat, Poultry, and Seafood
Oil and Fats
Carbonated Soft Drinks
Juice and Juice Concentrates
Market by Geography
Rest of World
Middle East and Africa
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