Food Colorants Market Is Expected to Expand Significant CAGR from 2018 to 2024

Food Colorants Market size to exceed $4.7bn by
2024: Global Market Insights Inc.
The research report “Food Colorants Market Size By Type (Natural Colors [By
Product {Anthocyanins, Carotenoids, Caramel, Curcumin, Chlorophyll, Paprika
Extract, Spirulina}, By Form {Powder, Liquid}, By Solubility {Dye, Lake}, By
Application {Beverages, Dairy & Frozen Products, Bakery, Meat, Poultry &
Seafood, Confectionery, Oils & Fats}], Synthetic Colors [By Product { Red,
Yellow, Blue, Green}, Bakery, Meat, Poultry & Seafood, Confectionery, Oils &
Fats}], Nature Identical Colors, [By Product {Beta Carotene, Beta Apo 8
Carotenal, Beta Apo 8 Carotenal Ester, Canthaxanthin, Lycopene}, By Form
{Powder, Liquid}, By Solubility {Dye, Lake}, By Application {Beverages, Dairy &
Frozen Products, Bakery, Meat, Poultry & Seafood, Confectionery, Oils & Fats}]),
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend,
Competitive Market Share & Forecast, 2018 – 2024.” says, Food Colorants Market
size is estimated to exceed USD 4.7 billion by 2024.
Growing perception of color as a prelude to taste and nutrition will drive food colorants
industry size. Increasing demand for natural coloring over synthetic based colors is
expected to propel industry growth. Positive application outlook in edible products to
compensate color changes that occur during processing and storage will further boost
product adoption rate.Bakery & confectionery companies are likely to create desired
visual appeal using colorants to indicate the freshness and quality, thereby fostering
food colorants market growth. Increasing favorable regulations on natural colors will
provide positive business outlook for manufacturers. For instance, as per the GNT
group, 66% of consumers worldwide check the label and contents of edible items
before purchase.
Synthetic colors dominated the volume share in 2017. Factors such as low-price trend,
stability, extended shelf life and availability in bulk quantity expected to drive industry
size. Increasing application scope in the beverage industry likely to support product
demand. Moreover, innovations in synthetic colors such as colorful concoctions to
enhance its appeal fueling segment growth.
Powder form segment contributed over 65% of the overall food colorants market in
2017. They are easy to mix, versatile and provide color consistency. The product can
be brushed onto confectioneries for decorative purpose or diluted with alcohol and
extracts to develop liquid coloring. Powder form also offers extended shelf life and
ease of transportability when compared to liquid. In addition, the control offered to
decorators augments its usage in bakery and confectionary applications.
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North America Natural Colors Market, By Application, 2017 & 2024,
(USD Million)
Browse key industry insights spread across 500 pages with 857 market data tables &
8 figures & charts from the report, “Food Colorants Market Share By Type (Natural
Colors [By Product {Anthocyanins, Carotenoids, Caramel, Curcumin,
Chlorophyll, Paprika Extract, Spirulina}, By Form {Powder, Liquid}, By Solubility
{Dye, Lake}, By Application {Beverages, Dairy & Frozen Products, Bakery, Meat,
Poultry & Seafood, Confectionery, Oils & Fats}], Synthetic Colors [By Product {
Red, Yellow, Blue, Green}, By Form {Powder, Liquid}, By Solubility {Dye, Lake},
By Application {Beverages, Dairy & Frozen Products, Bakery, Meat, Poultry &
Seafood, Confectionery, Oils & Fats}], Nature Identical Colors, [By Product {Beta
Carotene, Beta Apo 8 Carotenal, Beta Apo 8 Carotenal Ester, Canthaxanthin,
Lycopene}, By Form {Powder, Liquid}, By Solubility {Dye, Lake}, By Application
{Beverages, Dairy & Frozen Products, Bakery, Meat, Poultry & Seafood,
Confectionery, Oils & Fats}]), Industry Analysis Report, Regional Outlook (U.S.,
Canada, Germany, UK, France, Italy, Sweden, Austria, Poland, Russia, Spain,
China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Australia,
Brazil, Argentina, Mexico, South Africa, UAE Saudi Arabia,), Growth Potential,
Price Trend, Competitive Market Share & Forecast, 2018 – 2024” in detail along
with the table of contents:
https://www.gminsights.com/industry-analysis/food-colorant-market
Dye has emerged as the largest segment in terms of solubility. Increasing demand in
baked goods, beverages and dairy products owing to versatility supplementing
industry size. They are water-soluble additives available in liquid, granule and
powdered form. It can be mixed with a liquid medium to achieve a light, medium, dark
or a very dark shade and can also be used in powdered form in recipes sensitive to
liquid.
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Beverages dominated the application segment accounting for over 30% of the volume
share in 2017. Increasing demand for both alcoholic and non-alcoholic beverages
driving segment growth. The emergence of color as an important factor in purchase
decision bolsters business growth. Color raises expectations on taste as brain
associates flavors with certain colors. Moreover, growth in value placed on visual
appeal coupled with ability of colors to stir up consumer curiosity augment product
usage.
North America food colorants market demand for edible items is anticipated to exceed
USD 1.4 billion by 2024. Favorable regulations on natural colors and expansion in the
bakery, meat & poultry industry will drive the regional growth. For instance, FDA has
classified natural color under exempt from certification category, which in turn, assists
in achieving a clean label.
Europe food colorants market outlook is characterized by the presence of key
manufacturers such as BASF, DSM and CHR. Strong demand from both domestic and
international markets for processed edible items will create lucrative opportunities for
their product portfolio in the region. Rapid expansion of bakery & confectionery in the
region will provide positive business opportunities for these industry players.
The global food colorants industry is moderately consolidated in nature. Major
manufacturers such as BASF, DSM, CHR Hansen and Sensient Technologies
account for more than 50% of the industry share. Other notable players include GNT
group, DD Williamson, Naturex, Cargill, Sethness Products and LycoRED. Mergers &
acquisitions, product innovations and value chain integration are key strategies
adopted by industry players to gain market share.
Segmentation :
of Food Colorants Market :
Food Colorants market research report includes in-depth coverage of the
industry with estimates & forecast in terms of volume in kilotons and revenue in
USD million from 2013 to 2024, for the following segments:
By Type
• Natural Colors
• By Product
• Anthocyanins
• Carotenoids
• Caramel
• Curcumin
• Chlorophyll
• Paprika extract
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• Spirulina
• Others (carmines, betalaines, etc.)
• By Form
• Powder
• Liquid
• By Solubility
• Dye
• Lake
• By Application
• Beverages
• Dairy & Frozen products
• Bakery
• Meat, poultry & seafood
• Confectionery
• Oils & fats
• Others (convenient foods, sauces, spices, etc.)
• Synthetic Colors
• By Product
• Red
• Yellow
• Blue
• Green
• Others (black PN, chocolate brown, and blue IV)
• By Form
• Powder
• Liquid
• By Solubility
• Dye
• Lake
• By Application
• Beverages
• Dairy & Frozen products
• Bakery
• Meat, poultry & seafood
• Confectionery
• Oils & fats
• Others (Convenient foods, sauces, spices, etc.)
• Nature Identical Colors
• By Product
• Beta Carotene
• Beta Apo 8 carotenal
• Beta Apo 8 carotenal ester
• Canthaxanthin
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• Lycopene
• Others (Riboflavin & Riboflavin 5 phosphate)
• By Form
• Powder
• Liquid
• By Solubility
• Dye
• Lake
• By Application
• Beverages
• Dairy & Frozen products
• Bakery
• Meat, poultry & seafood
• Confectionery
• Oils & fats
• Others (Convenient foods, sauces, spices, etc.)
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