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Food Colors Market Size to Reach USD 4.77 Billion by 2026; Growing Consumer Preference towards Natural Products to Aid Expansion

April 16, 2020 | Food & Beverages

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:


https://www.fortunebusinessinsights.com/food-colors-market-102644


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:



  • Dohler Group

  • Archer-Daniels-Midland Co.

  • Symrise AG

  • Ingredion, Inc.

  • Sensient Technologies

  • Kalsec, Inc.

  • DDW, Inc.


Further Report Findings:



  • Regional Analysis: The market in North America stood at USD 667.77 million in 2018 and is likely to remain dominant during the forecast period owing to the growing demand for ready-to-eat food products and natural beverages. Europe is predicted to witness high demand in the foreseeable future owing to the consumer inclination towards clean-label food products.

  • Leading Segment: Natural colors are predicted to hold the lion’s share during the forecast period owing to high consumer preference and acceptance for natural ingredients. Synthetic colors are expected to witness high demand during the forecast period. Synthetic colors are less expensive and easily available in the market.


This Market is Segmented into:











































 ATTRIBUTE



 DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD Billion)



Segmentation



By Type



  • Natural

  • Synthetic

  • Naturally-identical

  • Caramel

  • Others



By Source



  • Plants and Animals

  • Chemicals

  • Others



By Application



  • Processed Food Products


    • Dairy Products

    • Non-dairy Products


  • Beverages


    • Alcoholic

    • Non-alcoholic




By Region



  • North America (U.S., Canada, and Mexico)

  • Europe (U.K., France, Italy, Spain, Germany, Russia, and the Rest of Europe)

  • Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia- Pacific)

  • South America (Brazil, Argentina, and the Rest of South America)

  • Middle East & Africa (South Africa, UAE, and the Rest of the MEA)


Food Colors Market
  • PDF
  • 2018
  • 2015-2017
  • 150

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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