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Food Colors Market by Type, Application, Region - 2023 | MarketsandMarkets

Added: (Fri Jun 21 2019)

Pressbox (Press Release) - [206 Pages Report] Food Colors Market Categorizes the Global Market by Type (Natural, Synthetic), Application (Beverages, Bakery & Confectionery, and Meat Products), Form (Liquid, Liquid Gel, Gel Paste, and Powder), Solubility

The food colors market was valued at USD 3.71 billion in 2017; it is projected to grow at a CAGR of 5.7%, to reach USD 5.12 billion by 2023. The demand for natural food colors is increasing significantly across all regions. The various health benefits associated with their consumption are major factors driving their growth.

Processed food segment is estimated to account for the largest share of the food colors market, by application, in 2018.
On the basis of application, the processed food segment is estimated to hold the largest share of the food colors market in 2018. The purpose of food coloring is to replace the color lost during food processing to enhance the inherent color, minimize variations, and to color uncolored food. These factors are contributing to the growth of the processed food segment.
Natural segment, by type, is estimated to hold the largest share in 2018.
On the basis of type, the natural segment accounted for the largest share of the market in 2018. Food safety concerns caused by the chemical contamination of food and ill-effects of synthetic additives have resulted in an increasing number of consumers demanding clean label products. This rising demand has led to the launch of several new products bearing claims such as “natural.”

On the basis of form, the liquid segment is projected to be the fastest-growing during the forecast period.
Based on form, the liquid segment is projected to be the fastest-growing. Food colors in liquid form are used for food items that require lighter and more pastel colorings for items such as cake icings, candies, and meat substitutes. They are easy to mix and provide color consistency.
Europe is estimated to dominate the food colors market in 2018.

Europe is estimated to be the largest market for food colors in 2018. This is due to the rising awareness about safe food products among consumers, and stringent food safety regulations in the region. Germany is one of the largest processed food markets with stringent regulations to keep a check on the quality of food products. This leads to the growth of the food colors industry; more the production of food, more colorants will be required.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as ADM (US), DowDuPont (US), Sensient Technologies (US), Kalsec (US), DDW (US), Chr. Hansen (Denmark), DSM (Netherlands), Naturex (France), Döhler Group (Germany), Fiorio Colori (Italy), LycoRed (Israel), and Frutarom (Israel).

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