Food Colors Market

The global food colors market is foreseen to grow by 6.7%, from USD 5.78 Billion in 2021 to USD 9.71 Billion in 2029. The surge in demand for natural colors due to their organic properties, increase in consumer demand for clean label color products, the Asia Pacific region exhibit potential growth opportunities, an upsurge in marketing activities and improvement in applications are some of the factors driving the market for the estimated forecast period. However, the high extraction cost of natural ingredients, an increase in side effects of artificial food colors is seen to hamper the market growth for the estimated period.

Market Definition

What is Food colors Market?

Food colors are a dye or pigment permitted for use in foods. They are used to enhance the appearance of fresh and processed foods. Natural dyes have been used for centuries to color food. Some of the most common ones are carotenoids, chlorophyll, anthocyanin, and turmeric.

Market Overview

The food colors market search study helps to thoroughly understand the current trend in the market competitive analysis of the players in the emerging market. Moreover, the DRO in the food colors market offers valuable perspicuity and a current scenario for making the right decision. The research study covers the eminent players in the market with a detailed analysis of the company and a financial overview containing their net sales, business mix and geographical reach It mainly focuses on the key developments of the products/services offered by the company in recent years. Besides, we at Zettabyte have the expertise to analyses the global food colors market player's competitive landscape helping the client comprehend their specific strategic growth approaches.

Food colors Market study by "Zettabyte Analytics" offers details about the market scope, market segmentation, technological advancement in the food colors market and highlights the optimistic, competitive landscape and trends enduring over the years.

Major players in the food colors market include: ADM, Ajanta Chemical Industries, Alliance Organics Llp., Archer Daniels Midland Company, Aromatagroup Srl (Fiorio Colori Spa), CHR Hasen A/S, Chromatech Incorporated, Ddw The Color House, Doehler Group SE, Exberry, Florio Colori, Givaudan (Naturex S.A.), Horizon Specialities Ltd., International Flavors & Fragrances Inc., Kalsec Inc., Kanegrade, Koninklijke Dsm N.V., Lycored, Pharmogana Gmbh, Proquimac, Sensient Technologies Corporation, Sun Food Tech Pvt. Ltd., Sunrise Green Food.

COVID-19 Impact on Global Food colors Market

The global impact of COVID-19 has lost millions of lives with a massive cost to the healthcare system. Moreover, the treatment cost for patients with COVID-19 has also had a financial impact globally. The impact of COVID-19 on the Food colors Market has forced the companies to change their sourcing, pricing, and promotion strategies. The food colors market players are seen focusing more on optimizing the E-commerce networks with the rising innovations in the digital sector, which are creating new business models for the food and beverage industry player.

Research Scope

The report provides market value for the base year 2021 and a yearly forecast from 2022 to 2029 in revenue (USD Million/ Billion). The market for each segment is present in North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and the regional basis for the forecast mentioned above.

Key industry dynamics, regulatory scenarios, major material dynamics, and Food colors Market future markets are analyzed to understand their impact on demand for the forecast period. Growth rates have been estimated using correlation, regression, and time-series analysis.

Market Segmentation

For the purpose of this report, the global food colors market is segmented on the basis of type, form, solubility, application, and region:

Type Outlook:

On the basis of type, the market is segmented into natural, synthetic, nature identical. Further, natural is segmented into annatto, anthocyanins, caramel, carmine, carotenoids, chlorophyll, spirulina, other natural colors (betalains, canthaxanthin, anthraquinones, curcumin, turmeric, and gardenia). Further, synthetic is segmented into amaranth, blue, carmoisine, green, red, yellow, other synthetic colors (blended colors, black PN, chocolate brown, and blue IV).

Figure 1 Food colors Market By Type (Market Size And Forecast By Value USD Million, 2021 & 2029)

Form Outlook:

On the basis of form, the market is segmented into liquid, powder, gel.

Figure 2 Form Outlook (Revenue, USD Million, 2021)