Market Snapshot:
Food colors are added to food items or beverages to improve their appeal. Pigment as well as dyes are commonly used colorants added to food items & beverages, in liquid, gel paste, and powder form. Capacity to enhance product appeal as well as growing awareness about the beneficial effects of natural colors are the factors that are driving the growth of the global food color market. These food colors are used for various applications including beverages, processed food, dairy products, bakery and confectionery and others. Increasing R&D activities for new raw material sources is expected to provide huge growth opportunities for the food colors manufacturers over coming years.
The research analyst at AMA estimates Food Colors market to grow at a compounded annual growth rate of 5.8%
Market Drivers
- Increasing awareness regarding the benefits of natural food colors
- High demand for clean label foods
- Increasing Requirements to Enhance Product Appeal
Market Trend
- Growing Consumer Interest in Organic Products
Restraints
- Ban on artificial color usage in European region
- Increasing harmful effects of artificial food colors
Opportunities
Growing R&D for new raw material sources, Introduction of Advanced Products and Growing Projects in Asia Pacific and South America
Vendors Covered in the Study are:
Sensient Technologies Corporation (United States), D.D. Williamson & Co. Incorporated (United States), Chr. Hansen A/S (Denmark), Döhler Group (Germany), Kalsec Incorporated (United States), Fiorio Colori S.P.A (Italy), FMC Corporation (United States), Cargill Incorporated (United States), BASF SE(Germany) and Archer Daniels Midland (United States)
The Global Food Colors market is gaining huge competition due to involvement of German, French, and United States companies that constantly invest in research & development to meet market expectation with new innovation.
Industry Insights:
In April 2018, Chr. Hansen A/S has acquired a manufacturing facility of Banker Wire (US). With this, the company has expanded its natural food colors division to North America.
What can be explored with Food Colors study:
• Where Food Colors industry stands in scaling its end use implementations
• What concrete benefits would result from scaled initiatives by Vendors
• Where Vendors should focus their investments cycle
• Key success factors and recommendations for upscaling future growth.
• Target Market / Country and Key Business Segments
Available Customization:
List of players that can be included in the study on immediate basis are LycoRed Ltd. (Israel), Sethness Products (United States), Naturex SA (France), Kancor Ingredients Limited (India) and Danisco (DuPont) (Denmark).