About Natural Food Colors & Flavors
Natural food colors are dye made by natural sources such as vegetables, animals, minerals, and others. These are used in coloring food. With the development of manufacturing & storage, this market is having huge growth potential in the coming years. Along with that advancement in the online platforms is driving the demand for this market & and also manufacturers can easily sell their products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
This is a highly competitive market, and still, there is an increasing number of new market entrants because of rising market growth opportunities. The market-dominating players are highly investing in technological development and other strategic initiatives such as mergers & acquisitions. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Natural Food Colors & Flavors 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.
Sensient Technologies Corporation (United States), Chr. Hansen Holding A/S (Denmark), Symrise AG (Germany), International Flavors & Fragrances Inc. (United States), Kerry Group Plc. (Ireland), Givaudan SA (Switzerland), Royal DSM N.V. (The Netherlands), Archer Daniels Midland Company (United States), FMC Corporation (United States) and BASF SE (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are GNT International B.V. (Netherlands) and Kalsec Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Natural Food Colors & Flavors market by , Application (Beverages, Bakery, Confectionery, Dairy & Frozen, Meat Products and Others (Soups, Salad, Condiments, Dressings, And Sauces)) and Region.
On the basis of geography, the market of Natural Food Colors & Flavors 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). If we see Market by Natural Food Colors, the sub-segment i.e. Caramel will boost the Natural Food Colors & Flavors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Liquid will boost the Natural Food Colors & Flavors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Natural Food Flavour , the sub-segment i.e. Natural Extracts will boost the Natural Food Colors & Flavors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Plant will boost the Natural Food Colors & Flavors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in Market Competency, Continuous Investment in Technological Development and Development Investment in Research and Development
Market Growth Drivers:
Rise in the requirement for naturals additives from the food industry because of rising awareness regarding the health effects of artificial food colors. Along with this increasing government stringent regulations Regarding the Inclusion of Synthetic Colors & Flavors. Apart from that, there should be additional Health Benefits related to natural food colors.
Challenges:
Absence of Transparency in Patent Protection Laws Across Various Regions
Restraints:
High Cost Associated with Raw Materials
Opportunities:
High Availability of New Raw Materials Resources and Cumulative Number of Color Shades and Multi-Functional Flavors
Market Leaders and their expansionary development strategies
In September 2022, Sun Chemical announced the launch of its SUNFOODS range of natural colorants, which are aimed at addressing coloring needs across the food & beverage sector.
In September 2021, Divi’s Nutraceuticals, an Indian company, launched CaroNat, which has the ability of adding orange and dark yellow colors to food products.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Natural Food Colors, Government Regulatory and Research Organizations and End-Use Industries
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.