Caramel Food Colors Market value is expected to reach US$ 4,09,088.4 Thousand by 2031, growing at a CAGR of 9.5%

Impetus from the beverage, bakery, and confectionary industries is driving the global caramel food colors market. According to Future Market Insights (FMI), the market will surpass US$ 409,000 thousand at a CAGR of 9.5% through the end of the forecast period in 2031.

The demand for caramel food colors is driven by innovation in the food industry combined with manufacturers leveraging exhibitive platforms. Pastry, baked goods, and confectionary production has become a highly organized revenue stream.

This has given professional cooks a larger platform on which to test their ideas. Media, television shows, and marketing have rendered an exotic touch to eating habits, through the art of cooking and baking.

Food color manufacturers are increasingly aiming at amateur cooks as cuisine trends go global. Amateur cooks throughout the world have been given an appreciative and competitive platform via social media, which is enabling them to demonstrate their discoveries in the baking and confection arena. As a result, the market in the retail and catering sectors is growing.

As a result, the caramel food colors sales in the retail and catering sectors is projected to grow at an impressive rate through the coming decade. Modern customers are paying close attention to ingredient lists and labels, and they demand complete control over what they eat on a daily basis.

Clean-label trends streamline the ingredients list and remove ingredients that aren’t easily recognized or favored by consumers for food manufacturers, which will create a conducive environment for natural coloring agents.

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Key Takeaways from the Caramel Food Colors Market Study

Seasonings including food coatings, spices and condiments will reflect a high growth rate of 12% CAGR through 2031 owing to the rapidly expanding processed food industry.
Sulphite ammonia based caramel colors will account for a larger share of 50% in 2021 owing to cost benefits to end use verticals.
The U.S. is estimated to account for more than 85% of the North America market in 2021, supported by a matured food processing sector.
China is estimated to account for more than 50% of the Asia Pacific value share in 2021 owing to a vast consumer base, and investments into the processed food sector.
Germany accounts for more than 22% of the Europe market in 2021, supported by the presence of key players and a prominent manufacturing industry.
“Caramel food colors manufacturers are focusing on launching shelf-stable coloring products to keep up with demand from food producers, helping them get the desired color range and ensure that their food items have a longer shelf-life,” said a lead analyst at FMI.

Who is winning?

Color, texture, and flavor of consumables are tailored to the preferences of the consumer. The number of artisanal bakeries is growing due to rising demand for premium bakery and confectionary products, while being supported by changing lifestyles and consumer purchase habits.

Some of the leading companies offering caramel food colors are BioconColors, DDW, The Color House, Döhler Group Kalsec Inc., DSM, Naturex S.A., and others.

Get Valuable Insights into Caramel Food Colors Market

Future Market Insights, in its new offering, provides an unbiased analysis of the caramel food colors Market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the caramel food colors market based on type (caramel (plain), caramel (caustic sulphite), caramel (ammonia), and caramel (sulphite ammonia), and by application (beverage, bakery, snacks, & cereal, candy / confectionery, dairy, fruit preparations / fillings, meat, poultry, fish, & eggs, potatoes, pasta, & rice, sauces, soups, & dressings, seasonings, and pet food.) across five major regions.

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Key Questions Answered in the Report

How much is the caramel food colors market worth?
In 2021, the market is expected to be worth US$ 165,208.1 thousand.

What is the share of the top players in the caramel colors market in 2021?
Archer Daniels Midland Company, DDW The Colour House, Döhler Group, GNT International B.V., and Sensient Colors LLC cumulatively will account for a share of 7-10%.

Which are the top 5 countries driving demand for caramel food colors?
The U.S., China, Germany, Japan, and India consistently reflect high demand for caramel food colors.

Which countries are key producers of caramel food colors?
The U.S., China, Germany, Russia, and India are the top producers of caramel food colors.

How much did the global caramel food colors market grow between 2020 and 2021?
The global market for caramel food colors rose 9.2% between 2020 and 2021.

At what rate did the global caramel colors market grow in the last 5 years?
The global market grew at 8.7% CAGR from 2016 to 2020.

What factors are driving the demand for caramel food colors?
Investments into natural food coloring, a wide scope of applications in food & beverage and pharmaceuticals, and food safety standards are factors driving growth.

What is the North America caramel food colors market outlook?
The North America caramel food colors market is set to rise at a 11.8% CAGR through 2031.

At what rate is the sales of caramel food colors in Europe set to grow?
The Europe market for caramel food colors is projected to rise at a 9.4% CAGR through the assessment period.

What are the key statistics of the South Korea and Japan caramel food colors market in 2021?
The South Korea and Japan caramel food colors markets account for 11.4% and 5.9% of the global market.

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About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

This release was published on openPR.