Global Natural Food Colors Market, By Type (Carmine, Anthocyanins, Caramel, Annatto, Carotenoids (Beta-Carotene, Lutein, Lycopene, Canthaxanthin, Astaxanthin), Chlorophyll, Spirulina, Turmeric, Beet, Others), By Source (Plant, Mineral, Microorganism, and Animals), By form (liquid, powder, gel, emulsion, and manufacturer analysis), By Solubility (Water, dye, Oil), By Application (processed food products (Bakery, Snacks, and Cereal, Dairy, Confectionery, Meat, Poultry, and Seafood, Oil and Fats, Others), beverages (non-alcoholic beverages (Carbonated Soft Drinks, Functional Drinks, Juice and Juice Concentrates, and Others), alcoholic beverages)), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global natural food colors market is estimated to reach at a value of US$ 2.2 Bn by the end of 2020 and expected to reach at a value of US$ 4.4 Bn by 2028 with a significant CAGR of 8.8%
Color is considered as a criterion of nutrient constituents and quality of various foods. The intention of adding up colors to foods is to make them look exquisite, improve the loss of colors in the course of processing and making foods, to enhance the quality and ultimately to tempt and make the consumer buy the product. Over the recent years, consumer demand for natural colors has escalated as consciousness and attention about different toxicities of synthetic food colors. Owing to which, natural plant pigments have been in massive demand by the food and beverage industry for substituting synthetic colors. Attributing to such factors, the global natural food colors market is projected to grow considerably in the forecast period. Although the extraction process of natural food colorants is highly complex.
As a matter of fact, in some processes, it is complicated to cultivate superior-quality natural food colors, while in some situations, some natural constituents wear out or exhaust. Owing to which, the natural food colors are expensive across the global markets in comparison to synthetic food colors, which holds back its demand worldwide. Such factors are likely to restrict the growth of the natural food colors market in the years to come. Nevertheless, the increasing disposable income in present times as well as the busy lifestyle of the working population is accelerating the demand of restaurants and commercial foods, which is ultimately propelling the demand of natural food colors across the global markets. Therefore, the global natural food colors market is projected to witness major breakthroughs in the coming years.
MMC Study identifies some of the key participating players in the natural food colors market globally are CHR Hansen Holding A/S, Koninklijke DSM N.V., Sensient Technologies Corporation, Archer Daniels Midland Company, Döhler Group, D.D. Williamson & Co., Inc, Naturex S.A., Aromata Group S.r.l, Kalsec Inc., FMC Corporation, BASF SE, Lycored Ltd., GNT Group b.v., San-Ei Gen F.F.I., Inc., Phinix International, Kolorjet Chemicals Pvt. Ltd., Vinayak Ingredients India Pvt. Ltd., IFC Solutions., and INCOLTEC among others.
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