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.
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.
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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
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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.
Research Methodology of Planet Market Reports
Research study on the Food Colors market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Organization: Planet Market Reports