Global Food Colorants Market-Growth, Trends and Forecast (2017 - 2022)
The food colors market is one of the segments of the global food additives market. Food Colors are used by the food and beverages industry to improve, impart color for the visual appeal of the food which is lost while food processing. Food colors market is projected to reach $2.5 billion by 2020; growing at a CAGR of 4.5%.
The market is driven by easily available raw materials which includes fruits & vegetables. Growing food safety concerns in the global food markets are pressurizing manufacturing to adopt clean labels. Growing demand of natural ingredients in food products, increased consumption of beverages, regulatory support for the colouring food stuff in the EU regulation are the other factors which increased the market demand of food colorants. The major restrain the industry faces is the growing awareness on the ill effects of synthetic colors and its ban in some countries. This has triggered the demand for natural colors, which have high costs when compared to synthetic colors. The increasing disposable incomes, changing lifestyles in emerging countries are driving demand for processed foods. And to attract the target segment companies tend to add food colorants. The stringent food standards regulations by FDA and several regulatory bodies is proving to be a constraint for manufactures, thus forcing them to look at alternatives in the form of innovations in the natural colorants.
The market is segmented based on types which include synthetic, natural colors and colouring foodstuffs. Synthetic colors currently hold a major share, but natural colorants are the fastest growing segment. Colouring foodstuffs is an emerging but booming market in the food industries due to its clean label solutions to the manufacturers. In terms of region, North America formed the largest segment of the food colors market in 2013 followed by Europe. An increase in demand for natural food color in the European region is driving the market. Western Europe and North America accounting for 32% and 29% of the total natural colorants market share, respectively. The European food and beverages colorants market is dominated by Germany, followed by France. Germany accounts for largest share in the use of colorants in F&B industry of the European region. Asia-Pacific is estimated to see a high CAGR mainly attributed to rising economies and increasing consumption of processed foods. The Asia Pacific food and beverages colorants market is dominated by Australia and New Zealand, followed by Japan and China.
The report profiles companies like DDW-Color house, Royal DSM, Sensient technologies, Riken Vitamin, FMC Corp among others. To gain market share, these companies are adapting numerous market strategies like innovative product development, partnerships, mergers & acquisitions, and expansion of existing facilities.
In this report we offer,
1 Market Definition for the specified topicalong with,identification of key drivers and restraints for the market.
2 Market analysis for the Global Food Colorants Market, with region specific assessments and competition analysis on a global and regional scale.
3 Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
4 Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
5 Identification and analysis of the Macro and Micro factors that affect the Global Food Colorants Market on both global and regional scale.
6 A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Why should you buy this report?
1 For getting a comprehensive overview of the Global Food Colorants Market.
2 To gain wide ranging information about the major players in this industry and the strategies adopted by them.
3 To gain an insight about the major countries/regions in which this industry is blooming and also identify the regions which are untapped.