The latest trend gaining momentum in the market is Product innovations.
The analysts forecast global food colors market to grow at a CAGR of 7.60% during the period 2017-2021.
The demand for natural food colors is increasing at a fast pace. Some of the future trends for natural food colors are reliant on better technologies such as microencapsulation and processes like the addition of colors with antioxidants, emulsions, and oil suspensions.
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Manufacturers are also coming up with new sources for the pigmentation of new colors naturally. Addition of antioxidants results in optimum protection of colors from fading and prolongs the shelf life of the products.
Some natural food colors such as carotenoids are not water soluble, and researchers are focusing on finding solutions to overcome this problem. These future trends will drive the natural food colors market's growth.
Major key players in the global food colors market: Archer Daniels Midland, Chr. Hansen Holding, DDW The Colour House, Döhler, Fiorio Colori, AFIS, AJANTA CHEMICAL INDUSTRIES, AMERICOLOR, Chromatech, Food Ingredient Solutions, Global Sugar Art, Kanegrade, Kolor Jet Chemical, Natures Flavors, Naturex, and Neelikon.
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According to the food colors market report, one of the major drivers for this market is Inexpensive nature of synthetic food colors compared to natural food colors. Synthetic colors are added to many daily consumable food items, starting from soda to salmon.
Froot Loops, which is a highly popular breakfast cereal in the US and many other countries in the Americas, contains synthetic colors in abundance. This is mainly because synthetic colors are available at a lower cost than natural colors, and have higher heat resistance and moisture resistance properties than their natural counterparts.
Owing to these properties and low cost, synthetic food colors are still used in many countries. These colors are used to make food products look more appetizing as they render brighter colors compared to natural colors.
Breakfast cereals, candies, beverages, and chewing gums are a few examples of different food products that make use of synthetic food colors. Many manufacturers offer different kinds of synthetic products that are Food and Drug Administration (FDA)-approved and suitable to be used in ice creams, biscuits, sweets, fruit drinks, seasonings, and pharmaceutical tablets and syrups.
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Further, the food colors market report states that one of the major factors hindering the growth of this market is Expensive nature of natural food colors. Natural food colors are made from fruits and vegetables.
However, since most vegetables and fruits are seasonal, these raw materials for natural food colors are available only at a certain time of the year — a fact that increases the price of the raw materials (especially during the off-season), and in turn, natural food colors. Also, manufacturers of natural food colors need adequate and proper machinery to extract juice and color pigments from raw materials.
Maintaining such equipment also adds to the overall production cost for the manufacturers. Thus, the overall process for preparing natural food colors is costlier compared to that of synthetic food colors.
Some natural food colors even need cold storage facilities. Natural food colors can cost 20 times more than their synthetic counterparts, which deters many manufacturers of food products from using such colors.
Complete report on food colors market spread across 88 pages, analyzing 16 major companies and providing 46 data exhibits now available at www.reportsnreports.com/reports/12…et-2017-2021.html.
Few Points from List of Exhibits:
Exhibit 1: Global Food Additives Market
Exhibit 2: Market Characteristics
Exhibit 3: Market Segments
Exhibit 4: Market Definition - Inclusions and Exclusions Checklist
Exhibit 5: Global Food Colors Market Sizing 2016
Exhibit 6: Validation Techniques Employed For Market Sizing 2016
Exhibit 7: Global Food Colors Market Market Size and Forecast 2016-2021 ($ Millions)
Exhibit 8: Global Food Colors Market Year-Over-Year Growth 2017-2021 (%)
Exhibit 9: Five Forces Analysis 2016
Exhibit 10: Five Forces Analysis 2021
Exhibit 11: Bargaining Power of Buyers
Exhibit 12: Bargaining Power of Suppliers
Exhibit 13: Threat of New Entrants
Exhibit 14: Threat of Substitutes
Exhibit 15: Threat of Rivalry
Exhibit 16: Market Condition - Five Forces 2016
Exhibit 17: Global Food Colors Market By Product Market Share 2016-2021 (%)
Exhibit 18: Comparison By Product
Exhibit 19: Global Natural Food Colors Market Market Size and Forecast 2016-2021 ($ Millions)
Exhibit 20: Global Natural Food Colors Market Year-Over-Year Growth 2017-2021 (%)