DUBLIN--(BUSINESS WIRE)--The "Natural Food Colorants Market - Growth, Trends and Forecasts (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
Global natural food colorants market is forecasted to reach USD 1.5 billion by 2024 growing at a CAGR of 6.3% during the forecast period (2019-2024).
- The health-enhancing properties of natural colors, combined with the organic properties in the natural products, are also increasing the appeal for the same.
- Restraints in natural colorants are mainly due to the higher production cost of fermentation pigments, compared to pigments of synthetic origin or extracted from a natural source.
- FDA uses the term exempt color additives' to indicate that they are exempted from the certification process.
Key Market Trends
Rising Demand for Clean Label Ingredients
Consumers demand clean labels on products to know what exactly they consume and at what levels which is likely to drive the demand for clean label ingredients supplementing the market growth for natural colorants. Consumers, globally, are highly concerned about the long-term effects of synthetic colors on health, leading food manufacturers to incorporate naturally sourced ingredients during product formulation.
Asia-Pacific Emerges as the Fastest Growing Market
The increase in demand for processed food in this fastest-growing region has triggered the food colorant application market. The demand for natural colors varies across the region, with a higher penetration level in Australia and Japan, while there is significant potential for conversion from synthetic colors in China and Southeast Asia. The driving factor for natural food colorants is the prevalence of food safety scandals, recycling of waste oil, and animal feed oils that were synthetically colored and sold as healthier vegetable oils in Taiwan, toxic toothpaste produced in China and imported around the world; or high-levels of lead in packet noodles in India.
Key Topics Covered:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Application
184.108.40.206 Dairy & Frozen Product
220.127.116.11 Meat, Poultry & Seafood
18.104.22.168 Oil & Fat
5.2.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
5.2.3 Asia Pacific
220.127.116.11 Rest of Asia-Pacific
5.2.4 South America
18.104.22.168 Rest of South America
5.2.5 Middle East and Africa
22.214.171.124 South Africa
126.96.36.199 United Arab Emirates
188.8.131.52 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Chr. Hansen Holding A/S
6.4.2 DDW The Colour House
6.4.3 Koninklijke DSM N.V.
6.4.4 Sensient Technologies Corporation
6.4.6 Dohler GmbH
6.4.8 BASF SE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/fise7l