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Food Colorants Market is thriving worldwide with FMC Corporation, Chr. Hansen Holding A/S, Archer Daniels Midland Company DöhlerGroup, Frutarom, Naturex, DowDuPont, GNT Group, Lycored

05-10-2019 12:36 PM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Food Colorants Market

Food Colorants Market

Global Market Insights, Inc. has launched a report on Food Colorants Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

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Growing population coupled with improved food demand across the region is anticipated to boost food colorants market share during the forecast period. Busy lifestyle and changing demographic trends are mainly resulting in the adoption of ready to eat products in major countries. Expansion of the processed food industry along with rising demand for dairy products, bakery items, and frozen products mainly propelling industry share.

Natural products including fruit pulp, bakery products, ice creams, and other dairy product lose its natural look with the time. colorants are helpful for masking dull shade and enhancing outer appearance for long duration are key factors mainly boosting market share. Surging awareness among the huge population is leading towards the higher adoption of natural food colors owing to its health benefits propelling industry size.

Companies Profiled based on Business Overview, Financial Data, Product Landscape, Strategic Outlook & SWOT Analysis:
1. Cargill
2. BASF
3. FMC Corporation
4. Chr. Hansen Holding A/S
5. Archer Daniels Midland Company
6. DöhlerGroup
7. Frutarom
8. Naturex
9. DowDuPont
10. GNT Group
11. Lycored
12. DDW The Colour House (D.D. Williamson)
13. Koninklijke DSM N.V.
14. SENSIENT COLORS UK LTD

Synthetic colors dominated the volume share in 2017. Factors such as low-price trend, stability, extended shelf life and availability in bulk quantity expected to drive industry size. Increasing application scope in the beverage industry likely to support product demand. Moreover, innovations in synthetic colors such as colorful concoctions to enhance its appeal fueling segment growth.

Natural colors market is expected to experience a CAGR at over 6% from 2018 to 2024. Increasing demand for natural colors owing to health benefits is associated with it in key applications. The segment growth is mainly contributed by products including carotenoids, caramel, chlorophyll, and paprika extracts are widely used in nourishments. Fruit pulp, vegetable extracts and frozen products are among key applications are stimulating food colorants market share.

Powder form contributed over 65% of the overall food colorants market in 2017. They are easy to mix, versatile and provide color consistency. The product can be brushed onto confectioneries for decorative purpose or diluted with alcohol and extracts to develop liquid coloring. Powder form also offers extended shelf life and ease of transportability when compared to liquid. In addition, the control offered to decorators augments its usage in bakery and confectionary applications.

Beverages dominated the application segment accounting for over 30% of the volume share in 2017. Increasing demand for both alcoholic and non-alcoholic beverages driving segment growth. The emergence of color as an important factor in purchase decision bolsters business growth. Color raises expectations on taste as brain associates flavors with certain colors. Moreover, growth in value placed on visual appeal coupled with ability of colors to stir up consumer curiosity augment product usage.

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North America market is projected to witness a CAGR at over 5.5% from 2018 to 2024. Improved food safety standards and regulatory norms for manufacturing companies are positively impacting market penetration. Edible colorants have strong application in the beverage industry, confectionary, sauce, meat, poultry, snacks, dairy, bakery and spice making companies are fostering market. FDA is mainly responsible for monitoring the usage, sales and production of food additives in the U.S. The food & beverage companies are following stringent guidelines in the usage of certified colorants. Favorable government regulations, huge consumer base, and presence of major companies stimulating industry share.

Food colorants market is moderately consolidated to strong presence of key manufacturing companies offering product range. The major players include BASF, Sensient Technology, DSM, CHR Hansen, Sethness, DD Williamson and GNT Group are key companies. These companies are adopting mergers & acquisition strategies for strengthening market position.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://global4energy.com/

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