The Food Colors Market is expected to reach $4,651.4 million by 2024 from $3,026.9 million in 2018, at a CAGR of 7.4%.
Food colors have applications in various food products to improve the quality of the food product and swing consumers towards the products, as food color is one of the most important organoleptic attributes that directly affects consumer acceptance. Hence, as colors influences the appetite and choice of food, its demand from the food and beverages industry has increased substantially across the globe.
Increasing consumer demand for natural food products drive the growth of the global food colors market
Owing to growing demand for natural food products, food manufacturers are widely using natural food colors to restore the attractiveness of the food and beverage products after processing. The demand for organic foods is constantly increasing mainly due to increasing health awareness among the consumers and growing awareness about the adverse effects of consuming conventionally grown food products. In organic food, natural food colors are highly used to make them more attractive as they influence the buyers’ purchasing decision.
The natural food colors continue to remain the largest product category
The natural food colors are expected to see the largest gain in demand through 2024 in the global food colors market. The growth in the sale of natural food colors will be mainly supported by increasing health awareness among the consumers and rising demand for chemical free food products across the globe. Also, several benefits of the natural foods over the conventional foods and rising government initiatives in making favorable regulation structures regarding the of use food colors in various food and beverages industries are further driving the demand for natural food colors, globally.
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The liquid formed food colors dominate the global market
The liquid formed food colors commanded the largest share of the global food colors market in 2018 and it is also expected to witness a rapid growth during the forecast period. The growth of this segment is attributed to its rising demand for coloring the food items which require lighter and more pastel color. Liquid formed food colors are in a greater demand from the food and beverages industry throughout the globe as they help to improve the viscosity, mouthfeel, product stability, texture, shelf life, pleasant taste, and better visual aspect of the food product as compared to other formed food colors. Moreover, as compared to gel, liquid formed food colors contain higher water content, thus, they are highly used in the preparation of hard candy and lollipops, frostings, cakes, cookies, ice cream, and syrup.
Water-soluble food colors are preferred over the other soluble food colors
Water-soluble food colors commanded the largest share of the global food colors market in 2018. The water-soluble food colors witnesses a huge demand from food and beverage industry due to their properties such as highly concentrated color, excellent quality-price ratio, and high stability in water.
The food colors are highly preferred for processed food products over the beverages
Processed food products segment dominated the global food colors market through 2024 with growing processed food industry and huge demand for food colors to replace the color loss during food processing to enhance the inherent color, minimize variations, and to color uncolored food.
Europe dominates the Food Colors market, while Asia Pacific leads the growth
Europe commanded the largest share of the global food colors market in 2018, followed by Asia-Pacific and North America. The major market share of this region is mainly attributed to increased demand of processed food products in countries like Germany, France, Italy, and Spain. Also, factors such as rising investment in research and development from major players of food industry and increasing government support to promote food processing sector are further expected to drive the growth the food colors market in the region. However, Asia-Pacific region is projected to grow at a significant pace in the next few years with the growing demand of processed food products in emerging and developing countries including India, China, Indonesia, and Thailand. Also, food and beverage industry in this region is witnessing tremendous growth due to increasing urbanization, health awareness, and disposable income which is further expected to drive the demand for food colors in the region.
Key Players
The major players operating in the global food colors market are CHR Hansen Holding A/S (Denmark), Koninklijke DSM N.V. (The Netherlands), Sensient Technologies Corporation (U.S.), Archer Daniels Midland Company (U.S.), Dohler Group (Germany), DowDupont(U.S.), D.D. Williamson & Co., Inc. (U.S.), Naturex S.A. (France), Kalsec Inc. (U.S.), FMC Corporation (U.S.), BASF SE (Germany), Allied Biotech Corporation (Taiwan), Frutarom Industries Ltd. (Israel), Lycored Ltd. (Israel), GNT Group (The Netherlands), San-Ei Gen F.F.I., Inc. (Japan), and Color & Fragrance Co. (U.S.).
Scope of the Report:
Food Colors Market by Types
- Natural colors
- Synthetic colors
- Natural-identical colors
Food Colors Market by Source
- Plant
- Mineral and Chemical
- Micro-organism
- Animal
Food Colors Market by Form
- Liquid
- Powder
- Gel
- Emulsion
Food Colors Market by Solubility
Food Colors Market by Application
- Processed food products
- Bakery, Snacks, and Cereal
- Dairy
- Confectionery
- Meat, Poultry, and Seafood
- Oil and Fats
- Others
- Beverages
- Non-Alcoholic beverages
- Alcoholic beverages
- Carbonated Soft Drinks
- Functional Drinks
- Juice and Juice Concentrates
- Others
Food Colors Market by Geography
- North America
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- RoE
- Asia-Pacific (APAC)
- China
- Japan
- India
- Australia
- RoAPAC
- Rest of World
- Latin America
- Brazil
- Mexico
- Argentina
- RoLATAM
- Middle East and Africa
Key questions answered in the report:
Liquid formed food colors account for the largest share of the food colors market, globally
- What factors contribute to the infrequent usage of powder form food colors?
- Which geographic segment is expected to experience the fastest growth in the usage of liquid form food colors?
- How does the penetration of liquid food color differ from other forms such as powder, gel, emulsion?
Food colors market favors both larger and local manufacturers that compete in multiple segments
- What are the top competitors in this market and what strategies do they employ to gain shares?
- What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?
- What strategies should new companies look to enter this market use to compete effectively?
- What are the major drivers, restraints, and opportunities in the food colors market?
- Who are the major players in various countries and what share of the market do they hold?
- What are the geographical trends and high growth regions/ countries?
Recent partnerships, acquisitions, and expansions have taken place in the global food colors market
- What companies have recently merged/acquired and how will these unions affect the competitive landscape of the food colors market?
- What companies have created partnerships and how will these partnerships promote a competitive advantage?
- Who are the major players in the global food colors market and what share of the market do they hold?
- What are the local emerging players in the global food colors market and how do they compete with the global players?
