Natural Food Color Ingredients Market Trend 2020 | Global Size, Industry Analysis, Share, Sales Revenue and Key Players by Forecast To 2022

Market Scenario

Food colors are considered as food additives or ingredients which are commercially used in food and beverages. Food colors make the product more appetizing, appealing, and informative allowing consumers to identify products on sight. The association of colors with different flavors determines the consumer perception of flavor from colors will mark the growth of this market. According to FDA, color additive is any dye, pigment or substance which added or applied to a food, drug or cosmetic, is capable (alone or through reactions with other substances) of imparting color.

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Food colors are used as ingredients and plays significant role in variety of food products. Food colors are gaining traction in the market over the past few years for its diverse application. It stimulates the loss of color due to processing so as to enhance the quality of the products and to influence consumer buying behavior.

Regional Analysis

The global natural food color ingredients market is segmented into North America, Europe, Asia Pacific and Rest of the world. Among these, Europe is projected to retain its dominance throughout the forecast period. Robust economic growth, rising urbanization, explosion of the middle class population are the significant factors for the growth of natural food color ingredients in Europe region. Asia Pacific is projected to register a healthy CAGR during the forecast period. The growth is contributed by the increasing per capita disposable income and growing awareness of natural food colors among the consumer. However, North America is projected to experience a substantial growth of 6.16% of CAGR during the review period of 2017-2022.

Key Players

The leading market players in the global natural food color ingredients market primarily are Chr. Hansen S/A (Denmark), Archer Daniels Midland Company (U.S.), Sensient Technology Corporation (U.S.), D.D. Williamson & Co. Inc. (DDW) (U.S.), Kalsec Inc. (U.S.), Doehler Group (Germany), FMC Corporation (U.S.).

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Market Segments

Natural food color ingredients market has been segmented on the basis of ingredients type which comprises of cartenoids, anthocyanin, paprika extract, curcumin, chlorophyll, spirulina and others. Cartenoids is projected to account maximum market proportion of 32.8% of the global natural food color ingredients market. However, spirulina segment is estimated to register highest growth of 8.35% during the forecast period. Natural food color ingredients has been segmented on the basis of application which includes beverages, bakery & confectionary, dairy products, meat products, savory & snacks and others. Among all the application, beverages segment is estimated to witness highest CAGR of 6.75% during the forecast period. Natural food color ingredients has been segmented on the basis of form which comprises of form which includes liquid, gel, powder and paste. Natural food color ingredients has been segmented on the basis of solubility which comprises of dyes and lakes.

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