About Food Color
Food color are the natural and synthetic additives which mixed with drink and food imparts color. Food Color market is expected to mark significant growth over forecasted period owing to increasing consumers spending on used to maintain the color when alterations in food storage, providing decorative appeal, masking the defects and to keep food tasting fresh for long duration technological advancement. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the food & beverages industry.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 9.7% |
Competition among existing players is due to the Food Color market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Food Color. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Food Color 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.
Archer Daniels Midland Company (United States), Kalsec, Inc. (United States), Chr. Hansen A/S (Denmark), Fiorio Colori SPA (Italy), FMC Corporation (United States), Dohler Group (Germany), Sensient Technologies Corporation (United States) and D.D. Williamson & Co. Inc. (DDW) (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 Koninklijke DSM N.V. (United States), Naturex S.A (France) and Roha Dye Chem Pvt. Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global Food Color market by Type (Natural, Artificial Colors and Lakes and dyes), Application (Meat Products, Beverages, Dairy, Bakery & Confectionary, Processed Food & Vegetables, Oils & Fats and Others) and Region.
On the basis of geography, the market of Food Color 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. 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 Form, the sub-segment i.e. Powder will boost the Food Color market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing demands in Europe countries and Value Oriented Consumers
Market Growth Drivers:
Increase Number of Food Color Boost the Food Color Market. and Rapid Demand of Fruit Juices, Flavored Drinks and Nutritional Drinks Fuelled up the Market.
Challenges:
Limitation due to Addition of Chemicals are Anticipated to Challenge the Market. and Performance and Quality Check Hampers the Global Market.
Restraints:
High Cost as Compared to Expensive Synthetic Colors Hampers the Food Color Market. and Health Issue Associated with Food Color Market.
Opportunities:
Proliferation Drinks with Taste of Cherries or Apple Leads to Grow the Food Color Market. and Upsurge Demand of Food Colors Due to Bioactive Properties for Therapeutic Agents.
Market Leaders and their expansionary development strategies
In March 2018, Sensient Technologies completely acquired natural color busines Globe Natural. This acquisition is beneficial in expansion of anthocyanin color sources in the Sensient Food Colors' product portfolio and enabled to provide leading food and beverage industry.
In March 2019, naturex launched a new extraction line for spiriluna based food colouring which is beneficial in natural blue and green shades in confectionary and beverages. It also offers anti-oxidants properties with high nutrient content and vibrant colour.
“According to Food and Drugs Administration (FDA), its provide color additives, except for coal tar hair dyes, are subject to FDA approval before they may be used in food, drugs, or cosmetics, or in medical devices that come in contact with the bodies of people or animals for a significant period of time.”
Key Target Audience
Food Color Manufacturers, Food Color Traders, End-Use Market Participants of Different Segments of Food Color, Government and Research Organizations, R&D Institutions 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.