Food Colors Market report offers detailed analysis and a five-year forecast for the global Food Colors industry. Food Colors market report delivers the insights which will shape your strategic planning as you estimate geographic, product or service expansion within the Food Colors industry.. The Food Colors market accounted for $XX million in 2018, and is expected to reach $XX million by 2024, registering a CAGR of YY% from 2019 to 2024.
Food Colors market size will grow from USD 2.53 Billion in 2017 to USD 4.13 Billion by 2023, at an estimated CAGR of 8.47%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The market is driven by the growth in demand for clean label products in natural colors market, advancement in technological innovations, and marketing strategies to improve product appeal through colorants. The food colors market, based on type, has been segmented into natural food colors (caramel, carotenoids, anthocyanins, and others, which include betalains, anthraquinones, carmine, cochineal extract, curcumin, turmeric, and copper chlorophyllin), synthetic food colors (red color, yellow, blue, green, and others include chocolate brown, blue IV, and black colors), and nature-identical. The natural segments is the largest as well as the fastest-growing segment in the food colors market. Natural colors are in demand for their eco-friendly nature and additional health benefits. The food industry produces natural colors from various end-use industries, which further drive the natural colors market. Natural colors which are widely used in the food industry are caramel, carotenoids, anthocyanins, and others (carmine, betalains, anthraquinones, cochineal extract, curcumin, and turmeric).
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List of key players profiled in the Food Colors market research report:
Archer Daniels Midland Company , Chr. Hansen A/S , FMC Corporation , Sensient Technologies Corporation , Koninklijke DSM N.V. , Naturex S.A. , D.D. Williamson & Co. Inc. (DDW) , Dohler Group , Fiorio Colori SPA , Kalsec, Inc., , , , , , , , , ,
Natural Colors , Synthetic Colors , Nature-Identical Colors, ,
Beverage , Bakery and Confectionery , Dairy , Meat , Others
Liquid , Liquid Gel , Gel Paste , Powder, Solubility
Lake, , , ,
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The global Food Colors market is segmented based on product, end user, and region.
Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, Italy, Spain, France, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, Taiwan, and, rest of Asia-Pacific) and EMEA (Brazil, South Africa, Saudi Arabia, UAE, rest of EMEA).
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Moreover, other factors that contribute toward the growth of the Food Colors market include favorable government initiatives related to the use of Food Colors. On the contrary, high growth potential in emerging economies is expected to create lucrative opportunities for the market during the forecast period.
Key Benefits for Stakeholders from Food Colors Market Report:
This report entails a detailed quantitative analysis along with the current global Food Colors market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
The Food Colors market size and estimations are based on a comprehensive analysis of key developments in the industry.
A qualitative analysis based on innovative products facilitates strategic business planning.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the Food Colors industry.
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