The market is driven by factors such as marketing strategies to improve product appeal through colorants, demand for clean label products driving natural colors market, and advancement in technological innovations. Ill effects caused by synthetic colorants, strict regulations regarding the inclusion of synthetic colors and low stability and high cost of natural colorants are the major constraints for this market.
The natural food colors segment accounted for the largest market share and is projected to grow at the highest CAGR during the forecast period. The increase in demand for natural colors in different food products results in manufacturers preferring the use of natural colors over synthetic colors due to increase in health awareness; these factors have fueled the demand for natural food colors.
The market for food colors in the Asia-Pacific region is projected to grow at the highest CAGR. This can be attributed to the higher level of production in the countries such as Australia and New Zealand, the increase in demand for convenience food, growth in population, rise in disposable income, and progressive urbanization in the region. The region is mainly driven by the developed food industry in China, Japan, and Australia & New Zealand and increase in trade of food color products globally from these countries.
- Archer Daniels Midland Company
- Chr. Hansen A/S
- D.D. Williamson & Co Inc. (DDW)
- Dohler Group
- FMC Corporation
- Fiorio Colori SPA
- Kalsec Inc.
- Koninklijke DSM N.V.
- Naturex S.A.
- Sensient Technologies Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Food Colors Market, By Type
8 Food Colors Market, By Application
9 Food Colors Market, By Form
10 Food Colors Market, By Solubility
11 Food Colors Market, By Region
12 Competitive Landscape
13 Company Profiles
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