Food Colorants Market Size By Type (Natural Colors [By Product {Anthocyanins, Carotenoids, Caramel, Curcumin, Chlorophyll, Paprika Extract, Spirulina}, By Form {Powder, Liquid}, By Solubility {Dye, Lake}, By Application {Beverages, Dairy & Frozen Products

Food Colorants Market Size By Type (Natural Colors [By Product {Anthocyanins, Carotenoids, Caramel, Curcumin, Chlorophyll, Paprika Extract, Spirulina}, By Form {Powder, Liquid}, By Solubility {Dye, Lake}, By Application {Beverages, Dairy & Frozen Products, Bakery, Meat, Poultry & Seafood, Confectionery, Oils & Fats}], Synthetic Colors [By Product { Red, Yellow, Blue, Green}, By Form {Powder, Liquid}, By Solubility {Dye, Lake}, By Application {Beverages, Dairy & Frozen Products, Bakery, Meat, Poultry & Seafood, Confectionery, Oils & Fats}], Nature Identical Colors, [By Product {Beta Carotene, Beta Apo 8 Carotenal, Beta Apo 8 Carotenal Ester, Canthaxanthin, Lycopene}, By Form {Powder, Liquid}, By Solubility {Dye, Lake}, By Application {Beverages, Dairy & Frozen Products, Bakery, Meat, Poultry & Seafood, Confectionery, Oils & Fats}]),, Industry Analysis Report, Country Outlook Application Development, Price Trends, Competitive Market Share & Forecast, 2021 - 2027

The food colorants market is slated to grow substantially by 2027 owing to rising consumer preference for clean-label products.

Consumer groups around the world are expressing concerns about the safety of synthetic colorants and the health benefits offered by naturally-derived colorants. In response to growing concerns, food scientists have been actively searching for natural colorants to replace the artificial ones, which has augmented industry uptake over the past few years.

The food colorants market has been segregated on the basis of type and region. From the type point of view, the market has further been divided into nature-identical colors, natural colors, and synthetic colors. With respect to natural colors, the food colorants market has been segmented into application, product, solubility, and form.

Under natural colors, the food colorants market has been categorized based on product into spirulina, anthocyanins, paprika extract, carotenoids, chlorophyll, caramel, curcumin, and others (carmines, betalaines, etc.). In 2020, the paprika extract segment was valued at around USD 170.0 million and is expected to witness steady expansion through the analysis period. Mounting demand for plant-based extracts for food coloring and flavoring in food items is likely to boost segmental growth.

Under natural colors, the market has been classified in terms of form into liquid and powder. The powder segment is speculated to amass considerable gains by 2027, progressing at more than 7.0% CAGR through the forecast period. This growth is attributed to various factors, including high solubility and easy availability of powered natural colors.

Under natural colors, the market has been bifurcated by solubility into lake and dye. The food colorants market from the lake segment is projected to exceed a valuation of USD 600 million by the end of 2027.

Under natural colors, the market has been categorized with respect to application into oils & fats, beverages, confectionery, dairy & frozen products, meat, poultry & seafood, bakery, and others. In 2020, the confectionery segment surpassed a valuation of USD 200 million and is slated to develop at a sturdy pace over 2021-2027. Increasing consumption of confectionery items is set to fuel product demand.

Based on synthetic colors, the food colorants market has been segregated into application, product, solubility, and form. Under synthetic colors, the market has been divided on the basis of product into green, red, yellow, blue, and others (black PN, chocolate brown, and blue IV). The green segment is foreseen to expand at a CAGR of over 6.0% through the stipulated period.

Under synthetic colors, the market has been classified by solubility into lake and dye. The dye segment garnered a valuation of almost USD 800 million in 2020 and is expected to showcase a solid growth trajectory over 2021-2027.

Under synthetic colors, the market has been segmented from the application perspective into oils & fats, beverages, confectionery, dairy & frozen products, meat, poultry & seafood, bakery, and others. The dairy & frozen products segment is slated to register significant profits by 2027, growing at approximately 6.5% CAGR over the assessment period.

In terms of nature-identical colors, the food colorants market has been bifurcated into application, product, solubility, and form. Under food colorants, the market has been divided based on form into liquid and powder. The powder segment is estimated to exhibit robust expansion at a growth rate of about 6.5% over the study timeframe.

Under solubility, the market has been categorized into lake and dye. The lake segment is expected to record an estimation of more than USD 320 million by 2027, expanding at a steady rate over the study timeline.

Under application, the market has been bifurcated into oils & fats, beverages, confectionery, dairy & frozen products, meat, poultry & seafood, bakery, and others. The bakery segment was worth around USD 130 million in 2020 and is speculated to progress at a CAGR of above 6.5% through the forecast period.

On the regional front, the Latin America food colorants market recorded revenue worth nearly USD 380 million in 2020 and is poised to develop at almost 7.0% CAGR over the review period. Soaring demand in the soft drinks and other beverages sectors is likely to bolster regional market growth. Moreover, prevalent consumption of bakery & confectionery products is also set to foster industry expansion in the coming years.