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Global Food Colors Market Outlook 2023 - Industry Analysis, Size, Trends, Growth And Forecast To 2032 | Chr Hansen Holding A/S, DDW The Color House, Kalsec Inc., Döhler, International Flavors & Fragrances Inc.
Food Colors Market
The Business Research Company's Food Colors Global Market Report 2023 identifies Increasing demand from the food and beverage industry as the major driver for the Food Colors market's growth in the forecast period. The food and beverage sector encompasses all businesses engaged in the production, packaging, and distribution of raw food materials.
The global food colors market size grew from $3.21 billion in 2022 to $3.53 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The food colors market size is expected to grow to $4.69 billion in 2027 at a CAGR of 7.3%.
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Major competitors in the Food Colors market are Chr Hansen Holding A/S, DDW The Color House, Kalsec Inc., Döhler, International Flavors & Fragrances Inc.
A key trend in the Food Colors market includes Increasing investments in technological advancements. Major companies operating in the food colors sector are focused on investing in food coloring technology to meet consumer demand. For example, in September 2020, Phytolon, an Israel-based company that offers natural food colors invested $4.1million in natural food coloring technology. The investments will be used to increase the range of the firm's plant-based food colorings, which are generated from betalains.
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https://www.thebusinessresearchcompany.com/report/food-colors-global-market-report
The Food Colors market is segmented -
1. By Type: Natural, Synthetic, Nature Identical.
2. By Form: Liquid, Powder, Gel
3. By Application: Dairy, Meat Products, Beverages, Bakery And Confectionery, Processed Food And Vegetables, Oils And Fats, Other Applications
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Food Colors market.
The Business Research Company's "Global Food Colors Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Food Colors Market Include:
1. Executive Summary
2. Food Colors Market Characteristics
3. Food Colors Market Trends And Strategies
4. Food Colors Market - Macro Economic Scenario
5. Food Colors Market Size And Growth
……
26. Africa Food Colors Market
27. Food Colors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Food Colors Market
29. Food Colors Market Future Outlook and Potential Analysis
30. Appendix
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