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Food Colorants Market to Signify Strong Growth by 2023-2029

09-04-2023 10:25 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Food Colorants Market to Signify Strong Growth by 2023-2029

Food Colorants Market is estimated to grow at a CAGR of nearly 5.6% during the forecast period. The major factors contributing to the growth of the market include a significant rise in the food and beverage industry and the rising demand for natural food colorants. As per the FoodDrinkEurope, the turnover of the EU food and drink industry was nearly $1431 billion in 2017, which represented a 6.7% rise from 2016. The number of companies engaged in the manufacturing of food and beverage in the EU was 294,000 in 2017. Nearly 47.5% of food and drink turnover was generated from small and medium-sized companies.

During the period, 2013-2017, the EU share of global exports has increased from 17.5% to 19.0%. This represents that the food and beverage sector is among the major contributors to the growth of the European economy. This, in turn, contributes to the demand for food colorants to enhance the appearance of processed and fresh foods. Natural food colorants are gaining significant importance owing to their potential health benefits. Natural food colours are derived from a comprehensive range of sources such as fruits, vegetables, minerals, plants, and other edible natural sources. These colorants come in several forms including powders, gels, liquids, and pastes.

Owing to the increasing consumer concerns regarding synthetic dyes (artificial colors), there is an inclination towards natural colours in the food and beverage sector. Synthetic colors are used as they are less costly; however, they are also potent in providing intense and uniform colour. In addition, synthetic colors can also blend easily to offer a range of hues. Due to the harmful effects, the demand for synthetic food colours is increasingly coming down across the globe. This, in turn, results in the emerging demand for natural food colorants.

To Request a Sample of our Report on Food Colorants Market:  https://www.omrglobal.com/request-sample/food-colorants-market

Food Colorants Market Segmentation

By Product Type

Natural
Synthetic
Natural Identical
Others

By Application 

Food
Bakery and Confectionary Products
Processed Food
Meat, Poultry and Seafood
Dairy Products
Oils and Fats
Others

Beverages

Alcoholic Beverages
Juices
Carbonated Soft Drinks
Functional Beverages
Others

A full Report of Food Colorants Market is Available at:  https://www.omrglobal.com/industry-reports/food-colorants-market

Regional Analysis

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Company Profiles

Ajanta Chemical Industries
Archer Daniels Midland Co.
AromataGroup SRL
BASF SE
Cargill Inc.
Hansen Holding A/S
DDW, Inc.
Denim Colourchem Pvt. Ltd.
Döhler GmbH
Frutarom Group
Givaudan SA
GNT Group B.V.
IFC Solutions
Kalsec Inc.
Kemin Industries, Inc.
Kevin (India) Co.
Koninklijke DSM N.V.
Prinova US LLC (Nagase Group)
Riken Vitamin Co., Ltd.
San-Ei Gen F.F.I., Inc.
Sensient Technologies Corp.
Sethness-Roquette
Sun Food Tech Pvt. Ltd.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @  https://www.omrglobal.com/report-customization/food-colorants-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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