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.
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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.
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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.
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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).
Key questions answered in the Market report:
Europe accounts for the largest share of this market, globally
What factors contribute to the infrequent usage of natural food colors in another region?
Which natural food color type is expected to experience the fastest growth in Europe?
How does the penetration of natural food colors differ from other regions such as Aisa-Pacific and North America?
Natural food colors market favors both larger and local manufacturers that compete in multiple segments
What are the natural food colors market top competitors and what strategies do they employ to gain shares?
What is driving natural food colors market 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 natural food color 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 natural food colors Industry
What companies have recently merged/acquired and how will these unions affect the competitive landscape of this market?
What companies have created partnerships and how will these partnerships promote a competitive advantage?
Who are the major players in this market and what share of the market do they hold?
What are the local emerging players in this market and how do they compete with the global players?
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