Meticulous Research® – leading global market research company published a research report titled “Natural Food Colors Market by Type (Carmine, Anthocyanins, Caramel, Annatto, Carotenoids, Chlorophyll, Spirulina), Source (Plant, Animal), Form (Liquid, Powder, Emulsion), Solubility (Water, Dye), Application (Processed Foods, Beverage), and Geography- global forecast to 2024”.
According to this latest publication from Meticulous Research®, the global natural food colors market is expected to grow at a CAGR of 8.8% from 2019 to reach $2.5 billion by 2024. The growth of this market is mainly attributed to growing awareness about the benefits of natural food colors, increasing awareness for clean-label products, growing need to enhance product appeal, growing research and development activities in food industry, and growing use of microencapsulation technology. In addition, increasing research for new raw material sources and emerging economies such as Latin America, South East Asia, and Africa provides significant opportunities for the manufacturers in the global natural food colors market.
The global natural food colors market study presents historical market data in terms of values (2017 and 2018), estimated current data (2019), and forecasts for 2024- by type (carmine, anthocyanins, caramel, annatto, carotenoids, chlorophyll, spirulina, turmeric, and beet), source (plant, mineral, microorganism, and animal), by form (liquid, powder, gel, and emulsion), by solubility (water, dye, and oil), application (processed food products and beverages), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The study also evaluates industry competitors and analyzes the market at regional and country level.
Based on type, carmine segment dominated global natural food colors market in 2018. The large share of this segment is mainly attributed to its growing demand to use in food products including meat, beverages, dairy, and frozen products owing to unique red color. However, spirulina natural food colors market is expected to witness a rapid growth during the forecast period.
Based on source, plant sourced natural food colors commanded the largest share of the global natural food colors market in 2018. The growth of this segment is mainly due to consumer desire for clean labels and their rising demand from food and beverage manufacturers to attract consumers. However, animal sourced natural food colors is expected to witness a rapid growth during the forecast period due to their rising use as a coloring agent in various foodstuffs, beverages, and packaged food products with Halal certification.
Based on form, liquid form natural food colors commanded the largest share of the global natural food colors market in 2018, mainly due to rising demand of coloring the food items which require lighter and more pastel color.
Based on solubility, water soluble natural food colors commanded the largest share of the global natural food colors market in 2018. The largest market share and growth of this segment is primarily attributed to increasing demand for water soluble natural food colors in the food and beverage sectors as they possess great advantages such as high concentrated color, excellent quality-price ratio, and high stability in water.
On the basis of application, processed food products segment dominated the global natural food colors market in 2018. However, beverages segment is expected to witness a rapid growth during the forecast period. The growth of this segment is mainly attributed to growing need to improve the energy-nutrient ratio in beverages as well as to meet the demand of health-conscious consumers.
This research report analyzes major geographies and provides comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, Italy, U.K., Spain, and RoE), Asia-Pacific (China, Japan, India, Australia, and RoAPAC), Latin America (Brazil, Mexico, Argentina, and RoLATAM), and Middle East & Africa. Europe commanded the largest share of the global natural food colors market in 2018, followed by Asia-Pacific and North America. The largest share of this region is mainly attributed to growing demand of natural and organic food products, increasing investments in research and development from major players of food industry, presence of large number of natural color providers, and rising government support to promote food processing sector.
The major players operating in the global natural 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), Fiorio Colors S.R.L (Italy), Kalsec Inc. (U.S.), FMC Corporation (U.S.), BASF SE (Germany), Lycored Ltd. (Israel), GNT Group (The Netherlands), San-Ei Gen F.F.I., Inc. (Japan), Phinix International (India), Kolorjet Chemicals Pvt.Ltd. (India), Vinayak Ingredients India Pvt. Ltd. (India), IFC Solutions. (U.S.), and Food Colour Innovation S.L. (Spain).
Browse in-depth Report on https://www.meticulousresearch.com/product/natural-food-colors-market-4967/
Key questions answered in the report-
Which are the high growth market segments in terms of type, source, form, solubility, application, and region/countries?
What was the historical market for natural food colors across the globe?
What are the market forecasts and estimates for the period 2019-2024?
What are the major drivers, restraints, and opportunities in the global natural food colors market?
Who are the major players in the global natural food colors market?
How is the competitive landscape and who are the market leaders in the global natural food colors market?
What are the recent developments in the global natural food colors market?
What are the different strategies adopted by the major players in the global natural food colors market?
What are the geographical trends and high growth regions/ countries?
Who are the local emerging players in the global natural food colors market and how do they compete with the global players?
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