Food Color Market - Global Industry Analysis (2013 - 2018) & Opportunity Assessment (2018 - 2028)
Los Angeles, CA, United States: Global food color market size is estimated at 6.0 USD billion by 2028 and is anticipated to grow at a CAGR of 5.5 % during the projected time frame (2021-2028). Food color is a dye or pigment added to color to food and beverage. Food colors can be liquid, gels, powder, and pastes. They can natural or artificial which make them appealing, fresh, taste of choice for customers.
Natural food colors are obtained from natural sources such as plants and artificial colors are obtained using artificial synthetic formulas such as complex hydrocarbons, sulfur ions, and nitrogen. Factors driving the global food color market include growing consumer demand for natural food colors and increasing preferences for food that influence the appetite and food choice.
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Market Segmentation of Food Color Market
Type Analysis of Food Color Market
By type, the food color market is classified into natural color and artificial color. The natural color segment is expected to dominate the market during the forecast period. The segment growth can be attributed to increasing consumer awareness about health benefits of natural food products.
Applications of Food Color Market
By application, the food color market is divided into food products and beverages. The food products segment is expected to hold the largest market share during the forecast period. The segment growth is expected to be driven by increasing demand for various end use industries such as bakery and confectionery, dairy products, meat and poultry, seafood, and oils and fats. These end use industries use food color in their products to make them appealing for the customers.
Regional Analysis of Food Color Market
By region, the food color market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and South America. Asia Pacific food color market is expected to observe highest CAGR during the forecast period. The regional market growth can be due to increasing demand for food color from countries such as India and China.
Market Segmentation
By Type
- Natural Color
- Artificial Color
By Source
- Fruits & Vegetables
- Seeds
- Insects
- Algae
- Others
By Application
- Food Products
- Beverages
By Region:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Key Companies listed
The major companies listed in the food color market are International Flavors & Fragrances Inc.,Sensient Technologies, Naturex, Kalsec Inc.,Florio Colori, and Döhler Group.
Source - https://www.esticastresearch.com/report/food-color-market/
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