DUBLIN--(BUSINESS WIRE)--The "Food Colors Market by Type (Natural, Synthetic, Nature-Identical), Application (Beverages, Processed Food, Bakery & Confectionery Products, Oils & Fats, Dairy Products, Meat, Poultry, Seafood), Form, Solubility & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The food colors market is estimated at USD 3.88 billion in 2018 and is projected to reach USD 5.12 billion by 2023. It is projected to grow at a CAGR of 5.7% from 2018 to 2023.
The market is primarily driven by trends such as growth in consumer awareness regarding food safety and diseases caused by consuming harmful synthetic colors. Other growth factors include the stringent regulations made by various government bodies to be followed by food color producers.
Factors such as the high cost of natural colors and raw materials for processing natural colors are affecting the growth of the market. These issues have been restraining the growth of the food colors market to some extent.
On the basis of application, the processed food segment is projected to grow at the highest CAGR. The food processing industry is growing in developed as well as emerging economies. The industry is contributing significantly to the GDP of emerging countries, owing to which the governments of these countries are also launching favorable policies for market growth. This factor is, in turn, driving the market for food colors across the world.
Based on type, the natural segment is projected to be the fastest-growing during the forecast period. Natural colors are in demand due to their health benefits while also imparting color.
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
- Chr. Hansen
- Dhler Group
- Fiorio Colori
- Sensient Technologies
For more information about this report visit https://www.researchandmarkets.com/research/r9k87s/food_colors?w=4