October 15, 2020
According to the research report titled ‘Natural Food Colors Market Size, Share & Trend Analysis Report, By Type; By Form; By Application, Regions and Segment Forecasts, 2020- 2026’, available with Market Study Report, global natural food colors market is predicted to reach a valuation of USD 2,984.9 million by the year 2026.
Rising health concerns associated with synthetic food coloring agents along with inclination towards using food colors in order to entice consumers are key factors driving the growth of natural food colors market. It is to be noted that numerous consumers measure the quality of the food based on the coloring an aesthetics appeal.
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Increasing consumption of seasoning in convenience food products has compelled manufacturers to develop powdered natural food colors, which in turn is adding traction to the overall market growth. Additionally, focus among manufacturers towards using clean labels, innovative product launches or expanding their respective portfolios is also favoring global natural food colors industry outlook.
Global natural food colors market is segmented based on by type, by form, application spectrum and regional scope. As per type, the market is divided into spirulina, chlorophyll, carotenoids, annatto, caramel, anthocyanins, beet, turmeric, paprika, curcumin, carmine and others.
Moving on to form type, worldwide natural food colors industry is bifurcated into emulsion, gel, powder and liquid segments. The application scope of the overall market consists of meat products, frozen products, dairy products, beverages, bakery & confectionary and others.
Considering the geographical landscape, worldwide natural food colors market is segmented into Latin America, Asia-Pacific, Middle East & Africa, Europe and North America. As per the report, Asia-Pacific natural food colors industry is estimated to generate substantial revenues in the forthcoming years. Favorable regulatory scenario which promote the use of natural food colors across various food & beverage products is augmenting the regional market remuneration.
Apart from this, India and China are expected to emerge as major revenue generators for Asia-Pacific market, primarily due to growing product demand and development of innovative products which are based on natural food colors.
The prominent companies operating in global natural food colors industry are Vinayak Ingredients India Pvt. Ltd., Sensient Technologies Corporation, San-Ei Gen F.F.I. Inc., Phinix International, Naturex S.A., LycoRed Ltd., Koninklijke DSM N.V., Kolorjet Chemicals Pvt. Ltd., Kalsec Inc., IFC Solutions, GNT Group B.V., Food Colour Innovation S.L., FMC Corporation, Fiorio Colors S.r.l, DowDuPont (U.S.), Döhler Group, Diana Food SAS, D. Williamson & Co. Inc., Chr Hansen Holding A/S, BASF SE, Allied Biotech Corporation, and Archer Daniels Midland Co. among others.