Natural Food Colors Market Size & Growth Analysis to 2030

The natural food colors market size is projected to grow at a significant CAGR of 7% market during 2020-2027. Natural food colors are extracted from natural sources therefore safe for human consumption moreover the clean-label declaration is the major advantage of natural food colors. The brand image also plays a vital role in the market as organizations are more concerned about the quality and brand of the product. The major drivers of the market are increasing awareness regarding the ill-effects of artificial food colors in food products and strict regulations regarding the inclusion of synthetic colors. The major restraining factors include lesser stability and higher cost as compared to artificial food colors.

Market Insights:

The global natural food colors market is expected to witness rapid growth over the forecast period due to the high demand in confection and bakery goods. In addition, stringent regulations pertaining to the use of synthetic and identical colors are likely to emerge as the major driver for industry growth. The industry is expected to show significant growth on account of rising demand for the products by the alcoholic and non-alcoholic beverages manufacturing industries. Also, increasing demand for food colors obtained from non-synthetic sources coupled with rising consumer awareness in Asia Pacific and North America is expected to bolster the demand over the forecast period.

Market Segment Insights:

Product type & application are major segmentation bases for the natural food color market. The natural food colors market, by product type, has been segmented into carotenoids, anthocyanin, chlorophyll, spirulina extract, annatto, curcumin, paprika, and others (betalains, anthraquinones, carmine, cochineal extract, turmeric, and copper chlorophyllin). By application, it is classified into food & beverages, pet food, carbonated soft drinks & non-alcoholic beverages, and alcoholic beverages of which food & beverages account for the major market share.

Global Natural Food Color Market Segmentation:

By Product type, 2018–2027 ($ Millon)

• Carotenoids
• Anthocyanin
• Chlorophyll
• Spirulina Extract
• Annatto
• Curcumin
• Paprika
• Others

By Application, 2018–2027 ($ Millon)

• Food & Beverages
• Pet Food
• Carbonated Soft Drinks & Non-Alcoholic Beverages
• Alcoholic Beverages

By Geography, 2018-2027 ($ Millon)

• North America
• Europe
• Asia Pacific
• Latin America (LATAM)
• Middle East and Africa (MEA)

Regional Insights:

Europe and North America together accounted for more than 60% share of the pie in terms of revenue. Europe is the largest market globally and is projected to grow at a second-highest rate in terms of revenue from 2020 to 2027. The U.S. is the largest market in North America for natural food colors and is projected to grow at a CAGR of 7.4% in terms of revenue from 2020 to 2027. Asia Pacific region is projected to witness the fastest growth rate in terms of revenue during the forecast period. In, Asia Pacific, Japan accounted for the largest share but growth is projected to be highest from India and China.  Latin America and Middle East and Africa are also projected to witness a moderate growth rate. Economies such as Brazil and Saudi Arabia offer huge untapped market opportunities.

Market Competition Assessment:

The major players currently operating in the global natural food colors market include Sensient Technologies Corporation, Naturex S.A, Symrise AG, Archer Daniels Midland Company, Chr. Hansen A/S, Kalsec, Inc., D.D. Williamson & Co., Inc., SETHNESS, GNT Group, and LycoRed.

List of Key Companies:

• Archer Daniels Midland Company
• Hansen A/S
• D. Williamson & Co., Inc.
• GNT Group
• Kalsec Inc.
• LycoRed
• Naturex S.A
• Sensient Technologies Corporation
• SETHNESS
• Symrise AG

Key Questions Answered by Natural Food Colors Market Report

• Global natural food colors market forecasts from 2020-2027
• Regional natural food colors market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
• Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
• Natural Food Colors submarket forecasts from 2020-2027 covering submarket 1, submarket 2 submarket 3
• Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to natural food colors market
• Analysis of the key factors driving and restraining the growth of the global, regional and country level natural food colors markets from 2020-2027
• Competitive Landscape and market positioning of top 10 players operating in the natural food colors market

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