Global Food Colors Market is valued at USD 3.31 Billion in 2018 and expected to reach USD 4.87 Billion by 2025 with the CAGR of 5.7% over the forecast period.
The increasing demand for natural food colours is one of the major factors driving the growth of Global Food Colors Market.
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Scope of Global Food Colors Market Report-
Food Colour is a dye, pigment or material that imparts color when it is added to food or drink. They come in many forms such as; liquids, powders, gels, and pastes. Food coloring is used both in marketable food production and in domestic cooking. Food pigments are also used in a range of non-food applications including cosmetics, pharmaceuticals, home craft projects, and medical devices. Food colors are classified into natural food colors, synthetic food colors, and blended food colors. These are used in commercial food production and in domestic cooking food colors to influence the consumer to buy the product through visual appearance.
Food Colors Companies:
FMC Corporation, Naturex SA, Archer Daniels Midland Company, Kalsec Inc., Fiorio Colori SPA, D.D. Williamson and Co. Inc., Koninklijke DSM NV, Sensient Technologies Corporation, Chr. Hansen A/S, Dohler Group, others.
Global Food Colors market report is segmented on the basis of solubility, form, type, application and region & country level. Based upon solubility, food colors market is classified into lake and dye. Based upon form, food colors market is classified into liquid gel, liquid, gel paste and powder. Based upon type, food colors market is classified into natural, synthetic and natural identical. Based upon application, food colors market is classified into beverage, dairy and confectionery, meat, dairy and others.
The regions covered in this Food Colors market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Food Colors is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global Food Colors Market Segmentation:–
By Solubility: Lake, Dye
By Type: Natural, Synthetic, Natural Identical
By Application: Beverage, Dairy and Confectionery, Meat, Dairy, Others
Global Food Colors Market Dynamics–
Increasing population is expected to shoot up the demand for food and beverage products industry, which is likely to add to the growth of the global food colors market in the years to come. According to the 2018 Forbes Global 2000, Anheuser-Busch InBev, PepsiCo, Inc., and Nestlé S.A. are the top three companies in the food and beverages market. Other popular brands include JBS S.A., The Coca-Cola Company, Archer Daniels Midland Company, and Tyson Foods. However, stringent regulations imposed by the national bodies of several countries have restrained the usage of synthetic colorants in food & beverage products. In spite of that, increasing R&D activity for new raw material sources presents producers of food colors with several growth opportunities.
Global Food Colors Market Regional Analysis–
North America and Europe are expected to gain a significant share of the global food colors market with the potential rate due to growing demand for organic products influencing the food manufacturers to incline towards the adoption of natural food colors in this region. According to Organic Food Consumption Statistics report, in 2015, the global organic food market is expected to exceed $88 billion in total, which would be a 50% increase from just 5 years ago. Americans contributed 55% of the increase.
The Asia Pacific is expected to emerge as a fastest-growing regional market over the forecast period due to the high adoption of this product in the production of alcoholic and non-alcoholic beverages in this region. According to Our World in Data a project of the Global Change Data Lab, the annual global average alcohol consumption is 6.4 liters per person older than 15 (in 2016).
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