Flair Market Insights Published New Report Global Food Colors market was valued at USD 2.34 billion in 2016 and is projected to reach USD 4.74 billion by 2025, growing at a CAGR of 8.1% from 2017 to 2025.
The global Food Colors market was valued at USD 2.34 billion in 2016 and is projected to reach USD 4.74 billion by 2025, growing at a CAGR of 8.1% from 2017 to 2025.
Food Colors have been previously been used to improve the texture and appearance of food. Initially saffron was used but with the introduction of food dyes and lakes the market demand started growing rapidly.
Food colors are now being used in a variety of packaged foods.
However, the government crackdown on synthetic food colorants is expected to slow down market growth.
- 1. Market Drivers
1.1 Improved product appeal
1.2 New product innovation
- 2. Market Restraints
2.1 Side effects of synthetic colorants
2.2 Stringent regulation regarding food colorants
The global Food Colors market is segmented on the origin, type, application, form, solubility and region.
1. By Type:
1.3 Natural Identical
2. By Application:
2.2 Dairy and Confectionery
3. By Form:
3.1 Liquid Gel
3.3 Gel Paste
4. By Solubility:
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
- 1. FMC Corporation
- 2. Naturex SA
- 3. Archer Daniels Midland Company
- 4. Kalsec Inc.
- 5. Fiorio Colori SPA
- 6. D.D. Williamson and Co. Inc.
- 7. Koninklijke DSM NV
- 8. Sensient Technologies Corporation
- 9. Chr. Hansen A/S
- 10. Dohler Group
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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