"We Envision Growth Strategies Most Suited
to Your Business"
The global food colors market size is predicted to reach USD 4.77 billion by 2026. The increasing modernization in developed and developing nations have led to a surge in processed and packaged food products, which, in turn, has boosted the food colors market trends. Besides, the growing consumption of ready-to-eat snacks, soft drinks, convenience food products, processed dairy products, and others will have a positive impact on the food colors market growth during the forecast period, mentioned in a report, titled “Food Colors Market Size, Share & Industry Analysis, By Type (Natural, Synthetic, Naturally-identical, Caramel, and Others), By Source (Plant and Animal, Chemicals, and Others), By Application (Processed Foods and Beverages), and Regional Forecast, 2019 – 2026” the market size stood at USD 2.55 billion in 2018 and is expected to exhibit a decent CAGR of 8.19% between 2019 to 2026.
Introduction of New Coloring Foods by WILD FLAVORS to Enable Growth
WILD Flavors, a food company headquartered in Germany, and Specialty Ingredients (WFSI), a business unit of Archer Daniels Midland Company launched natural coloring foods with the addition of products based on extracts from pumpkin and a special carrot variety containing lycopene, thus extending the product portfolio. The introduction of new coloring foods by WILD Flavors & Specialty Ingredients will uplift the global food colors market share during the forecast period owing to the foodstuff innovation in the naturalness and development of ingredients based on natural raw materials.
Moreover, the growing R&D activities by key players to launch natural and formulated ingredients for food and beverage products will stimulate the healthy growth of the market in the forthcoming years. For instance, in August 2017, Sensient Technologies, a global manufacturer and marketer of colors, flavors and fragrances launched a wide range of natural colors for the formulation of sodas and other carbonated beverages across the U.S. The new ingredients will help reduce the usage of artificial food colors and chemicals in the soft drinks, making it all-organic and natural.
To get a detailed report summary and research scope of this market, click here:
Rising Inclination Towards Organic Food to Stimulate Growth
The increasing awareness regarding the advantages of organic food products will have a positive impact on market revenue. Moreover, the knowledge about the harmful effects of various synthetic ingredients that are utilized in the food products, leading to health disorders will spur opportunities for natural ingredients, which in turn, will augur well for the market. However, the rising implications on synthetic food colors and artificial colors owing to their harmful carcinogens will subsequently restrict the growth of the market in the foreseeable future.
According to FDA (The Food and Drug Administration), lab testing results on animals show that the synthetic colors Red 40, Yellow 6, Yellow 5, Blue 2, Blue 1, and Green 3 express cancer properties on the lab animals.
Expansion of Product Portfolio by Eminent Players to Enhance Market Competition
The global food colors market is highly consolidated owing to the dominance of various key players in the market for food colors. The manufacturers are focus on enhancing their product portfolio and supply chain to gain a strong foot in the market. The highly diversified portfolio of Dohler Group, ADM Company, and WILD Flavors will spur market competition in the forthcoming years, which in turn, will boost market potential.
The Report Lists the Key Companies in the Food Colors Market:
Further Report Findings:
This Market is Segmented into:
Value (USD Billion)