Carmine dominated the global natural food colors market

Meticulous Research® - leading global market research company published a research report titled "Natural Food Colors Market (Carmine, Anthocyanins, Caramel, Annatto, Carotenoids, Chlorophyll, Spirulina), Source (Plant, Animal), Form (Liquid, Powder) Solubility (Water, Dye), Application (Processed Products, Beverages)- Global Forecast to 2027".

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According to this latest publication from Meticulous Research®, the natural food colors market is expected to grow at a CAGR of 8.4% from 2019 to 2027 to reach $3.2 billion by 2027. This market is majorly driven by the factors such as growing awareness about the benefits of natural food colors, increasing awareness for clean-label products, growing need to enhance product appeal, growing R&D activities in the food industry, and increasing use of microencapsulation technology. In addition, increasing research for new raw material sources and emerging economies, such as Latin America, Southeast Asia, and Africa provides significant opportunities for manufacturers in the natural food colors market. However, the high cost of natural ingredients and stringent regulations on the use of colors for food applications hinders the growth of the natural food colors market to some extent.

The global natural food colors market study presents historical market data in terms of value (2017 and 2018), estimated current data (2019), and forecasts for 2027. The market is segmented on the basis of type, source, form, solubility, application, and geography. The study also evaluates industry competitors and analyses the market at a country level.

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Based on type, the global natural food colors market is mainly segmented into carmine, anthocyanins, caramel, annatto, carotenoids, chlorophyll, spirulina, turmeric, beet, and other natural food colors. The carmine segment commanded the largest share of the overall natural food colors market in 2019. The growing demand for carmine from food and beverage industry is mainly due to its use in wide range of applications in food products, such as cake icings, hardy candy, bakery products, ice cream, yogurt, gelatin desserts, fruit syrups, and jam preserves owing to its unique red color.

The carotenoid food colors market is further segmented into beta carotene, lutein, lycopene, canthaxanthin, and astaxanthin. Beta carotene type commanded the largest share of the overall carotenoid food colors market in 2019. The large share of this segment is mainly due to its easy availability and wide range of applications in food and beverage products.

Based on source, the natural food colors market is segmented into plant, minerals, microorganism, and animal source. The plant sourced natural food colors accounted for the largest share of the overall natural food colors market in 2019. The large share of this segment is mainly attributed to the increasing demand for organic food colors derived from various parts of plants.

Based on form, the overall natural food colors market is segmented into liquid, powder, gel, and emulsion. In 2019, the liquid form segment accounted for the largest share of the overall natural food colors market. The large share of this segment is mainly attributed to its increasing demand during the manufacturing of food and beverage products to improve the viscosity, mouthfeel, product stability, texture, shelf life, pleasant taste, and visual aspect. This form is largely used for food items, which require lighter and more pastel colorings. In addition, since these colors provide constant and specification-oriented quality, there is no need of investment in equipment for dissolving, filtering, and pasteurization. Moreover, liquid form of natural food colors have much higher water content as compared to gel; thus, it is highly used in making hard candy and lollipops, frostings, cakes, cookies, ice cream, and syrups

Based on solubility, the overall natural food colors market is mainly segmented into water, dye, and oil soluble. The water-soluble segment is projected to grow at the fastest CAGR during the forecast period. This is primarily attributed to its increasing demand in food and beverage products due to its key properties, such as high concentrated color, excellent quality-price ratio, and high stability in water.

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Based on application, the overall natural food colors market is mainly segmented into processed food products and beverages. In 2019, the processed food products segment commanded the largest share of the global natural food colors market. The large share of this segment is mainly attributed to the growing processed food industry and rising demand for natural food colors.

Geographically, Europe region commanded the largest share of the overall natural food colors market in 2019. The large share of this region is primarily attributed to the higher demand for natural and organic food products, increasing investments in R&D, presence of a large number of natural color providers, and rising government support to promote the food processing sector. However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.

The key players operating in the global natural food colors market are CHR Hansen Holding A/S (Denmark), Koninklijke DSM N.V. (Netherlands), Sensient Technologies Corporation (U.S.), Archer Daniels Midland Company (U.S.), Döhler Group (Germany), D.D. Williamson & Co., Inc. (U.S.), Naturex S.A. (France), Aromata Group S.r.l (Italy), Kalsec Inc. (U.S.), FMC Corporation (U.S.), BASF SE (Germany), (Israel), Lycored Ltd. (Israel), GNT Group b.v. (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 INCOLTEC (Spain) among others.

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Key questions answered in the report-

Which are the high growth market segments in terms of the type, form, source, solubility, application and countries?
What is the historical market for natural food colors across the globe?
What are the market forecasts and estimates for the period of 2019-2027?
What are the major drivers, restraints, and opportunities in the global natural food colors market?
Who are the major players in the global market and what share of the market do they hold?
Who are the major players in various countries and what share of the market do they hold?
How is the competitive landscape?
What are the recent developments in the global natural food colors market?
What are the different strategies adopted by the major players in the market?
What are the key geographic trends and which are the high growth countries?
Who are the local emerging players in the global natural food colors market and how do they compete with the other players?

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