About Edible Pigment
The edible pigment is derived from various natural resources such as plant roots, flowers, fruits, leaves, and others. The edible pigment is used in the food & beverages and pharmaceuticals industries. The edible pigment market has high growth prospects owing to the increasing demand for natural and plant-based edible pigments. Further, increasing application in the food and beverage industry is expected to drive the demand for edible pigments over the forecasted period. With the growing requirement the human health risks because of the presence of chemical ingredients in food by using natural ones. Today almost every person have become increasingly aware of the dangers of foods that contain artificial pigments are becoming major concern areas people are preferring for natural food colors.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Edible 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.
BASF (Germany), Clariant (Switzerland), DIC Corporation (Japan), Huntsman (United States), Lily Holding Co., Ltd. (China), North American Chemical (United States), Sudarshan Chemical Inds (India) and Shuangle (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Flint Group (Luxembourg) and Guangzhou Well Land Foods Co., Ltd (China).
Segmentation Overview
AMA Research has segmented the market of Global Edible Pigment market by Type (Natural Edible Pigment, Plant Based Edible Pigment, Microorganism Based Edible Pigment, Animal Based Edible Pigment and Synthetic Edible Pigment), Application (Food Color, Additives, Color Intensifiers and Antioxidants) and Region.
On the basis of geography, the market of Edible 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). If we see Market by End User Industry, the sub-segment i.e. Food & Beverages will boost the Edible Pigment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Natural Edible Pigment and Increasing Application of Edible Pigment as Color Intensifiers in Food and Beverages
Market Growth Drivers:
Increasing Demand from the Food and Beverage Industry and Rising Demand for Plant Based Edible Pigment
Challenges:
Lack of Awareness in the Low and Middle Income Group Countries
Restraints:
Stringent Government Regulation Regarding Synthetic Edible Pigment and Fluctuating Raw Material Prizes
Opportunities:
Increasing Demand from the Developing Economies and Rising Demand from the Pharmaceutical Industry
Market Leaders and their expansionary development strategies
In December 2023, Sensient Technologies launched its DuraColor® line, a range of heat-stable natural colors for baked goods and other high-heat applications. This innovation addresses a key challenge in using natural colors, providing food manufacturers with more options for vibrant and stable colors in their products.
On December 5, 2023, Sensient Technologies introduced Vibrant Violets natural color range: This launch expands Sensient's portfolio of natural edible pigments with new violet and lavender shades derived from fruit and vegetable sources.
Key Target Audience
Edible Pigment Manufacturers, Market research and consulting firms, Pharmaceutical companies, Research Laboratories, Government Agencies 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.