Food Colors Market by Type (Natural Colors (Anthocyanins, Carotenoids and Caramel), Synthetic Colors (Red, Yellow, Blue and Green) and Nature-Identical) by Application, by Form (Liquid, Liquid Gel, Gel Paste and Powder), by Solubility (Dyes and Lakes) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
The Global Food Colors Market was worth $2390 million in 2016 and estimated to be growing at a CAGR of 8.2%, to reach $3544.33 million by 2021. Natural food colors and synthetic colors are ever more used as ingredients in newly launched food and beverages.
Food colors are a significant part of the food additives market. Food colors are frequently used in foods and beverages to give them a preferred shade of color and enhance their visual observation.
Color impacts consumers not only on the conscious level but also on the subliminal level. Color and food combinations can be particularly powerful by leveraging the sensitive connection to taste.
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Global Food colors market is anticipated observe high demand for food manifestation improvement as they are taken from sources such as including mineral, animal and vegetables. These are used after processing of foods, beverages and drugs in order to retain color to the product for better appeal.
Growing consumer inclination towards nature derived food ingredients due to increasing awareness about side effects of synthetic colors is expected to shift the market towards natural food colors. Side effects associated with few coloring agents are hampering the market growth.
Global Food Colors market is segmented by type into Natural colors, synthetic colors and nature-identical. Natural colors are sub-segmented into Anthocyanins, Carotenoids and Caramel.
Synthetic colors are also sub divided into Red, Yellow, Blue and Green. Based on application the market is bifurcated into Beverages, Bakery and Confectionery, Dairy and Meat.
On the basis of form food colors market is segregated into Liquid, Liquid Gel, Gel Paste and Powder. The market id divided among Dyes and Lakes based on solubility.
The dyes segment is likely to be the biggest and fastest growing segment during the forecast period.
Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. North America region dominates the market with highest number of shares.
The market for food colors in the Asia-Pacific region is expected to grow at the highest CAGR. This can be credited to the higher level of production in the countries such as Australia and China.
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Various companies are contributing for this market such as LycoRed, DD Williamson, Archer Daniels Midland Company (U.S.), Sethness Products, Fiorio Colori, Chr. Hansen S/A (Denmark), Roha Dyechem, Sensient Technology Corporation (U.S.), Koninklijke DSM N.V.
(Netherlands), San-Ei Gen F.F.I. Inc., WILD, DSM, Naturex, Phytone, GNT Group and FMC Corporation (U.S.).
1) By Type
- Natural Colors
- Synthetic Colors
2) By Application
- Bakery and Confectionery
3) By From
- Liquid Gel
- Gel Paste
4) By Solubility
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Reasons to access Global Food Colors Market Research Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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