According to Stratistics MRC, the Global Food Colors market is expected to grow from $1.94 billion in 2016 to reach $3.76 billion by 2023 with a CAGR of 9.9%.
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Raising awareness regarding the harmful effects of synthetic colors, technological innovations, increasing incomes of individuals and demand for easy-to-cook meals, need for clean label products and enhancing product appeal through colorants are some of the factors driving the market growth. Factors such as health issues caused by synthetic colorants and strict regulations are restraining the market growth.
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By Type, the natural colors 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 colors are extensively used in food industry such as beverages, confectionary, bakery, meat products, dairy & frozen products, and caramel, carotenoids, anthocyanins, carmine, betalains, anthraquinones, cochineal extract, curcumin and turmeric are the natural colors used by these industries.
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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 colors. 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 Colors 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.
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• Liquid Gel
• Gel Paste
• Nature-Identical Colors
• Synthetic Colors
• Natural Colors
• Dairy food products
• Packaged food/frozen food products
• Bakery and Confectionery
• Other Applications
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
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