Food color is any dye, pigment, or substance that imparts color when it is added to food and beverages. Food colors are available in various forms such as liquids, powder, gels, and paste, which find their application in meat products, beverages, dairy, bakery & confectionary, processed food & vegetables, and oils & fats. Presently, there are around more than 2000 enterprises focusing in trade business and plant extraction with thousands of products being exported to foreign countries per year. Besides, it improves the presence of processed and crisp food.
The global food colors market size is predicted to reach over USD 5.89 billion by 2028. This can be ascribed to the upsurge in demand for natural colors from various end-use industries, including food & beverages, bakery & confectionery, dairy products, meat & poultry, and seafood. This is expected to have a positive impact on the utilization of natural sources such as carotenoids, curcumin, anthocyanin, and carmine. Besides, huge demand for various processed food products and carbonated beverages in the market is also the key factors driving the market growth for food colors.
However, high beginning establishments cost and medical issues made by the utilization of synthetic colors coupled with strict government regulations is hampering the market growth. Furthermore, continuous R&D activities by private organizations and governments for developing low-cost natural food colorants such as carmine are anticipated to encourage manufacturers to invest significantly in the market, which is likely to provide lucrative development opportunities for the food colors market in the forthcoming years.
Food Colors Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 5.89 billion|
|Growth Rate||CAGR of 6% during 2021-2028|
|Segment Covered||Type, Application, Form, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||carotenoids, curcumin, anthocyanin, and carmine.|
Key Segments of the Global Food Colors Market
Type Overview, 2019-2028 (USD Million)
Application Overview, 2019-2028 (USD Million)
- Bakery & Confectionery Products
- Processed Food
- Oils & Fats
- Dairy Products
Form Overview, 2019-2028 (USD Million)
Regional Overview, 2019-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global food colors market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global food colors market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the food colors industry and their strategic initiatives for product development.
- The study covers a qualitative and quantitative analysis of the market segmented based on Type, Application, and Form. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global food colors market. The report will benefit Every stakeholder involved in the food colors market.
- Managers within the food colors industry looking to publish recent and forecasted statistics about the global food colors market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of the global food colors market.
- Analysts, researchers, educators, strategy managers, and government institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
Over the past few decades, the rising number of working professionals and modernization has led to the consumption of processed and packaged food products. Due to the increase in the consumption of processed food products such as ready-to-eat snacks, soft drinks, and others have led to the increased usage of various food colors.
Moreover, growing health concerns is also a key factor influencing market growth. These food colors have less or no adverse effects on the human body, which makes them one of the best component. It is therefore the food & beverages industries are incorporating food colors in their products, which consequently is boosting the growth of global food colors market.
Furthermore, the increased intake of energy and sports drinks in confluence with the mounting efforts by manufacturers to finance advertising campaigns for these drinks are strengthening the growth of the beverage industry which is thereby expected to boost the sales in the region.
The market is consolidated as several major market players currently hold the major market share. However, the market is expected to become fragmented in the forthcoming years as several new market players are emerging from developing countries such as India, Japan, China, and other countries.
Based on the Type segment, the market is bifurcated into Natural, Synthetic, and Natural-Identical. In 2020, the Natural segment accumulated the maximum market share and it is likely to continue its dominance throughout the forecast years. This growth is due to the demand for natural food colors owing to rise in consumer preference and awareness regarding their health benefits associated with natural colors. For instance, carotenoid-based colors offset age-related muscular degradation and turmeric-based colors aid in preventing cognitive decline. Furthermore, implementation of stringent food & beverage norms regarding the use of synthetic food colors is expected to have a positive impact on the growth of the market.
Based on the Application, the market is segmented into Beverages, Bakery & Confectionery Products, Processed Food, Oils & Fats, Dairy Products, Meat, Poultry, and Seafood. The Meat products segment gathered the major market share in 2020 and it is likely to continue its dominance throughout the forecast years. This growth can be attributed to the increase in consumption of meat products. Carmine, annatto, curcumin, and betanin are some of the major colors used in meat products to enhance appearance, texture, and taste. Color manufacturers are continuously developing innovative solutions to replace artificial colors in meat products, which is further expected to contribute toward the growth of the food colors market.
Based on the Form, the market is segmented into Gel, Powder, Liquid, and Paste. The Gel segment gathered the major market share in 2020 and it is likely to continue its dominance throughout the forecast years. This Form is widely used for fruit-based juices, carbonated drinks, and other beverages. As the Gel Form is easy to carry, they are a preferred choice over the more substantially-sized food colors.
North America accounted for a maximum share of the global market owing to high consumption of food colors in the U.S. Increasing number of bans on synthetic colors for ecological and toxicological reasons is expected to drive the industry demand in this region. In addition, increasing urbanization and westernization has led to the consumption of packaged food products. However, Asia Pacific is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the food colors market in this region is mostly ascribed to the consumption of various ready-to-eat snacks, which creates a demand for these colors. The rise in the working population in the region is also a major driver for the growth of the market in the region.
The major players of the global food colors market are AromataGroup SRL (Fiorio Colori SPA), Givaudan (Naturex S.A.), Kalsec, Inc., Archer Daniels Midland Company, Chr. Hansen A/S, D.D. Williamson & Co. Inc. (DDW), Dohler Group, International Flavors & Fragrances, Koninklijke DSM N.V., and Sensient Technologies Corporation. These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. Renowned companies are offering new and modern food colors. Besides, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.