Food Color Market: Global Size, Share, Trends, Growth and Forecast, 2022-2032
The global food color market size is estimated to be USD 4.2 Billion in 2019 and is expected to reach USD 9.8 Billion by 2032, growing at a compound annual growth rate (CAGR) of 8.3% during the forecast period i.e., 2022-2032.
Market Insights
The demand for natural food colors is rising at a significant rate and is expected to capture a notable market share by the end of 2025. When compared with the synthetic food color, the demand for natural food color is extremely high, this is due to the rising consumer awareness for clean label products and increasing cases of health hazards associated with synthetic food color. Thus, natural food colors are expected to gain more market attention in the upcoming years with its rising demand among the consumers. Further, this factor is anticipated to bolster the growth of the food color market over the forecasted period. In addition to this, growing health awareness, rising food safety concerns and increasing consumer interest in organic products are some of the important factors which are expected to drive the growth of the food color market.
Segmentation Analysis
The global food color market is segmented by product and application. Based on product, the market is segmented into natural, synthetic and lakes & dyes, out of which, natural segment is anticipated to grow at a noteworthy CAGR over the forecast period, i.e., 2020-2025. Further, it was followed by synthetic segment in terms of market share in 2018.
On the basis of application, the market is divided into beverages, processed food, bakery & confectionery products, dairy products, meat and others, out of which, bakery & confectionery products segment is expected to register a higher revenue share in the
food color market over the forecast period. Apart from this, the dairy products segment is projected to attain a significant CAGR over the forecast period.
Geographical Analysis
In terms of geography, the report offers an analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In the food color market, North America is projected to capture a significant CAGR and is the fastest growing market for food color during the forecast period. Further, factor such as inclination toward the health benefits offered by natural food colors and rising awareness about good quality food color products among consumers are expected to drive the growth of North America food color market. Also, Asia Pacific market is driven on the back of rising health consciousness among consumers and is anticipated to grow at a significant compound annual growth rate (CAGR) from 2020 to 2025.
Competitive Analysis
The report also covers detailed competitive analysis of major market players of global food color market, such as The Archer Daniels Midland Company, DowDuPont, Naturex, Sensient Colors LLC, Kalsec Inc., Frutarom Industries Ltd., DDW The Colour House, Dohler, Fiorio Colori, Lycored and other major & niche players. The global food color market is witnessing a wide range of industry activities such as innovation, product launch, acquisition, partnership, and expansion across the globe.
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Segmentation
By Product:
- Natural
- Synthetic
- Lakes & Dyes
By Application:
- Beverages
- Processed Food
- Bakery & Confectionery Products
- Dairy Products
- Meat
- Others
By Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as
• The Archer Daniels Midland Company
• DowDuPont
• Naturex
• Sensient Colors LLC
• Kalsec Inc.
• Frutarom Industries Ltd.
• DDW The Colour House
• Dohler
• Fiorio Colori
• Lycored
• Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in the global food color market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global food color market by the following segments:
- Product
- Application
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Food Color Industry Report
• What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
• Which region would have high demand for product in the upcoming years?
• What are the factors driving the growth of the market?
• Which sub-market will make the most significant contribution to the market?
• What are the market opportunities for existing and entry-level players?
• What are various long-term and short-term strategies adopted by the market players?
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- Publication date: 25th February 2023
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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