About Food Colorants
The food color is related to the flavor and nutritional value of the product. They are used to improve the appearance of the product. These colorants are used in various food products which includes sweets and confectionary products. The synthetic colors has high stability and low costs due to which it is used commonly, whereas the natural colorants are costlier. However, the consumer’s perceptions are changing towards the naturally derived alternatives which is increasing the demand of natural colorants as compared to synthetic ones.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
CAGR | 6.2% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Europe Vendors will contribute the maximum growth to Global Food Colorants market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill (United States), BASF SE (Germany), FMC (United States), Chr. Hansen (Denmark), GNT (Netherlands), Naturex (France), Lycored (Israel), San-Ei (Japan), Sensient Colors (Australia) and Sethness Caramel Color (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are WILD Flavors and Specialty Ingredients (United States), Riken Vitamin (Japan) and Lake foods (United States).
Segmentation Overview
AMA Research has segmented the market of Global Food Colorants market by Type (Synthetic Food Colorants and Natural Food Colorants), Application (Dairy Food, Non-Dairy Food, Non-Alcoholic Beverages and Alcoholic Beverages) and Region.
On the basis of Type, Natural are dominating the market in the year 2023On the basis of geography, the market of Food Colorants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Form, the sub-segment i.e. Liquid will boost the Food Colorants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution, the sub-segment i.e. Online will boost the Food Colorants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. Asia Pacific is projected to be the fastest-growing market, expanding at a CAGR of 7.1% from 2023 to 2030.
Influencing Trend:
Growing Trend of Aesthetics of Food
Market Growth Drivers:
Growing food and beverage industry is boosting the market growth. There has been increase in consumption of fast food as well as beverages such as energy drinks, sports drinks and mocktails. Moreover, the growing awareness among the consumers about the traditional and exotic products are contributing towards the growth of food and beverage industry.
Challenges:
Side Effects Due to the Consumption of Food Colorants
Restraints:
Strict Government Regulation Related to the Chemical Used in Food
Opportunities:
Increase in Disposable Income is affecting the Market Growth Positively
Market Leaders and their expansionary development strategies
In April 2023, Sensient Colors, a division of Sensient Technologies, announced a major advancement in natural colour for pet foods. For many years, pet food manufacturers have been frustrated by the lack of cost-effective natural green colours for AAFCO-Natural pet food products.
In September 2023, Kigo Chemical, a company dedicated to the distribution of specialty chemicals, is pleased to announce its new collaboration with Neelikon Food Dyes and Chemicals, to exclusively distribute their product portfolio in Mexico.The expertise of Kigo’s team, in addition to consistency, quality and innovation of Neelikon’s products, helps us benefit the market with a complete range of high-quality colors, together with our dedicated sales and technical teams.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.