Natural Food Colors Market 2019-2024 | Demand,Current and Future Trends With Top players | CHR Hansen Holding A/S (Denmark), Koninklijke DSM N.V. (The Netherlands), Sensient Technologies Corporation (U.S.), Archer Daniels Midland Company (U.S.), Dohler Gr

Meticulous Research® – leading global market research company published a research report titled “Natural Food Colors Market by Type (Carmine, Anthocyanins, Caramel, Annatto, Carotenoids, Chlorophyll, Spirulina), Source (Plant, Animal), Form (Liquid, Powder, Emulsion), Solubility (Water, Dye), Application (Processed Foods, Beverage), and Geography- global forecast to 2024”.

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According to this latest publication from Meticulous Research®, the global natural food colors market is expected to grow at a CAGR of 8.8% from 2019 to reach $2.5 billion by 2024. The growth of this market is mainly attributed to growing awareness about the benefits of natural food colors, increasing awareness for clean-label products, growing need to enhance product appeal, growing research and development activities in food industry, and growing use of microencapsulation technology. In addition, increasing research for new raw material sources and emerging economies such as Latin America, South East Asia, and Africa provides significant opportunities for the manufacturers in the global natural food colors market.

The global natural food colors market study presents historical market data in terms of values (2017 and 2018), estimated current data (2019), and forecasts for 2024- by type (carmine, anthocyanins, caramel, annatto, carotenoids, chlorophyll, spirulina, turmeric, and beet), source (plant, mineral, microorganism, and animal), by form (liquid, powder, gel, and emulsion), by solubility (water, dye, and oil), application (processed food products and beverages), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The study also evaluates industry competitors and analyzes the market at regional and country level.

Based on type, carmine segment dominated global natural food colors market in 2018. The large share of this segment is mainly attributed to its growing demand to use in food products including meat, beverages, dairy, and frozen products owing to unique red color. However, spirulina natural food colors market is expected to witness a rapid growth during the forecast period.

Based on source, plant sourced natural food colors commanded the largest share of the global natural food colors market in 2018. The growth of this segment is mainly due to consumer desire for clean labels and their rising demand from food and beverage manufacturers to attract consumers. However, animal sourced natural food colors is expected to witness a rapid growth during the forecast period due to their rising use as a coloring agent in various foodstuffs, beverages, and packaged food products with Halal certification.

Based on form, liquid form natural food colors commanded the largest share of the global natural food colors market in 2018, mainly due to rising demand of coloring the food items which require lighter and more pastel color.

Based on solubility, water soluble natural food colors commanded the largest share of the global natural food colors market in 2018. The largest market share and growth of this segment is primarily attributed to increasing demand for water soluble natural food colors in the food and beverage sectors as they possess great advantages such as high concentrated color, excellent quality-price ratio, and high stability in water.

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On the basis of application, processed food products segment dominated the global natural food colors market in 2018. However, beverages segment is expected to witness a rapid growth during the forecast period. The growth of this segment is mainly attributed to growing need to improve the energy-nutrient ratio in beverages as well as to meet the demand of health-conscious consumers.

Scope of the Report:

Market by Type
Carmine
Anthocyanins
Caramel
Annatto
Carotenoids
Chlorophyll
Spirulina
Turmeric
Beet

Market by Source
Plant
Mineral
Micro-organism
Animal

Market by Form
Liquid
Powder
Gel
Emulsion

Market by Solubility
Water
Dye
Oil

Market by Application
Processed food products
Bakery, Snacks, and Cereal
Dairy
Confectionery
Meat, Poultry, and Seafood
Oil and Fats
Others
Beverages
Non-Alcoholic beverages
Alcoholic beverages
Carbonated Soft Drinks
Functional Drinks
Juice and Juice Concentrates
Others

Market by Geography
North America
U.S.
Canada
Europe
Germany
France
Italy
U.K.
Spain
RoE
Asia-Pacific (APAC)
China
Japan
India
Australia
RoAPAC
Rest of World
Latin America
Brazil
Mexico
Argentina
RoLATAM
Middle East and Africa

Key Players:

The major players operating in the global natural food colors market are CHR Hansen Holding A/S (Denmark), Koninklijke DSM N.V. (The Netherlands), Sensient Technologies Corporation (U.S.), Archer Daniels Midland Company (U.S.), Dohler Group (Germany), DowDuPont (U.S.), D.D. Williamson & Co., Inc. (U.S.), Naturex S.A. (France), Fiorio Colors S.R.L (Italy), Kalsec Inc. (U.S.), FMC Corporation (U.S.), BASF SE (Germany), Lycored Ltd. (Israel), GNT Group (The Netherlands), San-Ei Gen F.F.I., Inc. (Japan), Phinix International (India), Kolorjet Chemicals Pvt.Ltd. (India), Vinayak Ingredients India Pvt. Ltd. (India), IFC Solutions. (U.S.), and Food Colour Innovation S.L. (Spain).

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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.

This release was published on openPR.