Food Color Market - Trends Forecast Till 2028

Food Color Market – Trends Forecast Till 2028

The global food color market size is projected to reach USD 5.5 billion by 2026 at a CAGR of 4.8% from USD 4.4 billion in 2021 during the forecast period 2021-2028.

Food colour is a pigment which is used to bring colours to food or any drink. It can range from turmeric usually found in homes to artificial colour additives. Food colour is also used in industries like cosmetics, pharma, home craft projects and various medical devices.

With an increased demand for natural colors along with the increased need to enhanced product appeal amongst manufactures technological advancements and growing R&D activities are some of the factors that have supported long-term expansion for Food Color Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Since veganism has gained popularity over last decade. Along with the pandemic posing a negative image of animal-based food also has impacted the market.

Europe is expected to be the largest market during the forecast period. With the rise in the number of various food industries along with the increased awareness about healthy food and nutrition has led to the expansion of market in the region.

Food Color Market is segmented into material type, end use, implementation and geography.

On the basis of Type

• Natural
  • Carmine
  • Anthocyanins
  • Caramel
  • Annatto
  • Carotenoids
  • Chlorophyll
  • Spirulina
  • Other natural colors (betalains, canthaxanthin, anthraquinones, curcumin, turmeric, and gardenia)

• Synthetic
  • Blue
  • Red
  • Yellow
  • Green
  • Amaranth
  • Carmoisine
  • Other synthetic colors (blended colors, black PN, chocolate brown, and blue IV)

• Nature identical

On the basis of Application

• Food Products
  • Processed food products
  • Bakery & confectionery products
  • Meat, poultry, and seafood products
  • Oils & fats
  • Dairy products
  • Other food products (breakfast cereals, fruit & vegetable extracts, soups, condiments & spices, dressings, and sauces)
• Beverages
  • Juice & juice concentrates
  • Functional drinks
  • Carbonated soft drinks
  • Alcoholic drinks

On the basis of Form

• Liquid
• Powder
• Gel

On the basis of Solubility

• Dyes
• Lakes

On the basis of Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa

Insights are provided for each region and major countries within the regions

 

Key Players

• ADM
• International Flavors & Fragrances Inc.
• Sensient Technologies Corporation
• DSM
• Naturex
• DDW
• Döhler Group
• Florio Colori
• Lycored
• Kalsec Inc.

Recent Developments

• In 2019 March, A new extraction line for spirulina production was introduced by Naturex. Which has led to triple spirulina production capacity.
• In 2018 May, International Flavors & Fragrances Inc. signed a pact with Frutarom with an aim  to enhance IFF’s strengthen in terms of taste, scent, and nutrition aspects of its products.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Food Color market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature	Descriptions
Market Revenue In 2021	USD 4.4 billion
Growth Rate	CAGR of 4.8% during the forecasting period, 2021-2028
Historical Data	2018-2019
Forecast Years	2021-2028
Base Year	2020
Units Considered	Revenue in USD million and CAGR from 2021 to 2028
Report Segmentation	type, application, form, source and geography
Report Attribute	Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling
Regional Level Scope	North America, Europe, Asia-Pacific, South America, and Middle East and Africa
Country Level Scope	U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)
Companies Profiled	ADM, International Flavors & Fragrances Inc., Sensient Technologies Corporation , DSM, Naturex , DDW, Döhler Group, Florio Colori, Lycored and Kalsec Inc.
Available Customization	In addition to the market data for Food Color Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.