March 04, 2021
The latest study 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 projected to grow substantially over the forthcoming years, amassing USD 2984.9 million by the year 2026.
Amplifying food & beverage sector, driven by rising trend of dine-out and increasing popularity of ready-to-eat products, along with widespread preference for natural ingredients over synthetic ones, owing to health issues associated with the latter, are propelling the growth of global natural food colors market. In fact, natural powdered food colors, especially in brown, orange, and yellow are witnessed boosted demand on account of their extensive usage in sauces, noodles, and seasonings.
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Constant improvements in the field to ensure product stability and enhance functionality, in consort with discovery of innovative drying methods for powders are stimulating the market outlook. The leading contenders are constantly investing in R&D activities to launch new products and expand their portfolio, while also leveraging broad distribution network to gain a competitive edge, thereby contributing towards the worldwide natural food colors market remuneration.
Cognizance about clean label commodities, and strict regulations pertaining to food safety are working in favor of natural food colors industry.
Based on type, the market is categorized into spirulina, chlorophyll, carotenoids, annatto, caramel, anthocyanins, beet, turmeric, paprika, curcumin, carmine, and others. Various forms available are emulsion, gel, powder, and liquid. While, numerous application areas of natural food colors include meat products, frozen products, dairy products, beverages, and bakery & confectionery among others.
Considering regional outlook, Asia Pacific natural food colors market size is poised to grow significantly over 2020-2026, attributable to extensive usage of natural ingredients with federal promotional for the same, alongside booming demand for carmine, carotenoids, and carotene across India and China.
Major players 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 SL, FMC Corporation, Fiorio Colors S.r.l, DuPont de Nemours Inc., Dohler Group SE, Diana Food SAS, D. D. Williamson & Co. Inc., Chr Hansen Holding A/S, BASF SE, Allied Biotech Corporation, and Archer Daniels Midland Company (ADM).