According to Statistics MRC, the Global Food Colours market is expected to grow from $1.94 billion in 2016 to reach $3.76 billion by 2023 with a CAGR of 9.9%.
Raising awareness regarding the harmful effects of synthetic colours, technological innovations, increasing incomes of individuals and demand for easy-to-cook meals, need for clean label products and enhancing product appeal through colourants are some of the factors driving the market growth. Factors such as health issues caused by synthetic colourants and strict regulations are restraining the market growth.
By Type, the natural colours segment is the largest market share due to the rising health consciousness among the consumers that demands nature derived ingredients and additives in food are the major factor contributing to the growth of this segment in the market. Natural food colours are extensively used in food industry such as beverages, confectionary, bakery, meat products, dairy & frozen products, and caramel, carotenoids, anthocyanin, carmine, betalains, anthraquinones, cochineal extract, curcumin and turmeric are the natural colours used by these industries.
Geographically, North America witnessed huge growth due to demand in consumer interest for better appearance of food products, demand for organic and clean label products, increasing government support , dominance of high growth in the R&D and growth in demand for food & beverage products manufactured with natural food colours. In addition the launch of new products with natural ingredients in the U.S is expected to boost the growth of the market in the future.
Some of the key players in the Food Colours market are Sensient Technology Corporation, Koninklijke DSM N.V, Archer Daniels Midland Company, FMC Corporation, Döhler Group, Chr. Hansen S/A, Fiorio Colori, Naturex S.A, D.D. Williamson & Co. Inc.
(DDW), Kalsec Inc, BASF SE, Allied Biotech Corporation, Diana Naturals, Roha Dyechem Pvt. Ltd, Synthite Industries Ltd and San-Ei Gen F.F.I. Inc.
Forms covered:
- Liquid Gel
- Powder
- Liquid
- Gel Paste
Types covered:
- Nature-Identical Colours
- Synthetic Colours
- Natural Colours
Solubility covered:
- Lake
- Dye
Applications covered:
- Dairy food products
- Meat
- Beverage
- Packaged food/frozen food products
- Bakery and Confectionery
- Other Applications
Regions covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends.
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
