About Natural Pigment
The Rising Food and Beverages industry is likely to boost the paint market which in turn is anticipated to fuel the natural pigments market over the forecast period. Colorants are used in plastic for UV protection, long service life, attractive colors, fire protection, and application safety. The natural colorant is a color additive that imparts color when it is added to food or drink. Natural colorant was an extract from natural vegetables, fruits or flowers, its health and safety for the person. The natural pigments applied to the product's surface yield vivid colors and excellent stability. The colored surface can be covered with shellac or wax to give shine. Natural food coloring is used both in commercial food production and in domestic cooking.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that Asian Vendors will contribute the maximum growth to Global Natural Pigment 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.
CHRHANSEN (Denmark), Sensient (United States), Synthite (India), Plant Lipids (India), San-Ei-Gen (Singapore), Akay Flavous and Aromatics (India), D.D. Williamson (United States), BASF (Germany), DSM (Netherlands) and Naturex (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kalsec (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Natural Pigment market by Type (Lutein, Capsanthin and Monascus colour), Application (Food and Beverage, Cosmetics, Pharmaceuticals, Feed and Other) and Region.
On the basis of geography, the market of Natural Pigment 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). Asia Pacific region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Source, the sub-segment i.e. Plant will boost the Natural Pigment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand from Various End-User Industries and High Demand from Pharmaceuticals Industries
Market Growth Drivers:
Rising Demand for Value-Added High-Quality Natural Pigments in the Cosmetic Industry and Increasing Demand for Feed
Challenges:
The Stringent Government Regulations
Restraints:
The Growing Concern Relavolatility in Raw Material Prices
Opportunities:
Growing Demand from Developing Countries and High Demand for Natural Products
Market Leaders and their expansionary development strategies
In June 2021, DIC Corporation has closed on the acquisition of BASF’s global pigments business, known as BASF Colors & Effects (BCE). The Company will reexamine its consolidated operating results forecasts in the near future and will promptly disclose any revisions.
In September 2023, Sun Chemical has launched two new stir-in pigment preparations for the coatings market eXpand Yellow ST 1018 and eXpand Black ST 9005. expand Yellow ST 1018 combines intense chroma with reduced scattering and high transparency which enables the formulation of a new generation of stylings in automotive coatings. The eXpand! Black ST 9005 stir-in solution delivers outstanding jetness and a unique black shade due to reduced scattering.
Key Target Audience
Natural Pigment Manufactures, Natural Pigment Suppliers, Natural Pigment Distributors, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
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.