|10-09-2018 07:50 AM CET - Advertising, Media Consulting, Marketing Research||
Natural Food Colors Market is estimated to grow at a CAGR of 6.9% during 2016 to 2024 | Vital Players are Kalsec Inc, Chr. Hansen A/S, Fiorio Colori SPA, Sensient Technologies Corporation, DDW, Koninklijke DSM NV and Naturex SA
Press release from: Research Cosmos
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Natural Food Colors Market Overview:
The colors are natural or synthetic additives that can be mixed with food or drinks. Food colors greatly enhance the tastes of food and encourage consumers to buy products that match the perception of color with respect to taste. For example, the perceptions of consumers of red drinks would be a cherry or apple-flavored drink. Food dyes are mainly used during preservation of food, to create decorative appeal, mask defects and maintain freshness for a long time. Consumption of food coloring is limited to 200 ppm for synthetic types according to food safety assessments. Natural dyes and pigments are widely used due to growing concern for synthetic dyes. Natural food colors include chlorophyll, carotenoids, anthocyanins, etc. Natural food dyes also have bioactive properties and, therefore, therapeutic agents are used. For example, anthocyanins are useful in the prevention of cardiovascular diseases.
The global Natural Food Colors market was valued at USD 1.26 billion in 2016 and is expected to grow at a compound annual growth rate of 6.9% between 2016 and 2024 to reach USD 2.16 billion by 2024.
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Drivers and restrictions:
The global natural food colors market is mainly due to the growing demand of the beverage, bakery and confectionery industry. The strong demand for flavored drinks, fruit juices and nutritional drinks is driving the market. For commercial adoption, synthetic food dyes are in demand due to their stability in light of their reduced cost and reduced microbial contamination. Natural food colours are expensive in comparison to synthetic ones. However, some of the food colour such as erythrocine, amaranth etc possess health hazards. Also, there are stringent regulations from FDA for manufacture of food colours such as quality check after each batch of production, and limitation on addition of chemicals. These factors could create more opportunities for the naturl food coloring market.
The global natural food colors market is divided into seven regions, namely North America, Latin America, Asia Pacific, excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa. APEJ has the majority of the world food coloring market due to the high consumption of synthetic food dyes by commercial food producers. Countries such as India, China, Indonesia and Taiwan are the main countries in the APEJ region. In North America and Europe, APEJ is expected to grow moderately during the forecast period. Latin America forecasts a stable growth rate in terms of value during the forecast period.
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Key Players of Natural Food Colors Market
Archer Daniels Midland Company, Kalsec, Inc. and Chr. Hansen A / S, Fiorio Colori SPA, FMC Corporation, Dohler Group, Sensient Technologies Corporation, DD Williamson & Co. Inc. (DDW), Koninklijke DSM NV and Naturex SA are the key players in the market. Other major players in the market include Symrise AG, International Flavors and Fragrances Inc., Kerry Group Plc, Givaudan SA and Royal DSM NV are the leading market players of Natural Food Colors Market
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.
The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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