Food Colors Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2360

The Business Research Company offers in-depth market insights through Food Colors Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The food colors market size has grown strongly in recent years. It will grow from $3.45 billion in 2023 to $3.73 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to increased demand for processed and convenience foods, growth in awareness of food presentation and aesthetics, expansion of the food and beverage industry globally, need for differentiation and branding in food products, regulatory approval and safe usage of food colors, demand for natural and clean label food coloring solutions.

The food colors market size is expected to see strong growth in the next few years. It will grow to $5.1 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to adoption of exotic and unique food color varieties, emphasis on eco-friendly and sustainable food coloring ingredients, research and development in plant-based and botanical food colors, demand for food colors in nutraceutical and diet supplement applications, expansion of food colors in confectionery and baking industries, growing interest in customized and specialty food coloring solutions. Major trends in the forecast period include anthocyanins and superfood colors, coloring foods and concentrated extracts, microencapsulation of sensitive colors, personalization and custom blends, emulsion-based coloring systems.

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Market Segmentation:
The main types of food colors are natural colors, synthetic colors, and nature-identical colors. Natural colors are derived from vegetables, fruits, plants, minerals, and other natural sources by physical or chemical extraction. The different forms include liquid, powder, gel and are used in dairy products, meat products, beverages, bakery and confectionery, processed food and vegetables, oils and fats, others.

Major Driver - Growing Demand From The Food And Beverage Industry Boosts The Food Colors Market
Increasing demand from the food and beverage industry is expected to drive the growth of the food colors market in the coming years. The food and beverage sector encompasses all businesses engaged in the production, packaging, and distribution of raw food materials. This includes both fresh and processed foods, as well as alcoholic and non - alcoholic drinks. Food colors are added to foods and beverages to preserve their original color and texture, which can be lost during cooking and preparation due to a variety of chemical and physical processes. For instance, in March 2022, according to the Australian Bureau of Statistics report, an Australia-based independent statutory agency for statistical collection and analysis, approximately 14.7 million tonnes of food and non-alcoholic beverages were sold from grocery stores, supermarkets, convenience stores, food stores, and fresh food markets across that Australia in the year 2020-2021, which represents 1.4% increased as compared to the previous year. Therefore, the increasing demand from the food and beverage industry is significantly driving the growth of the food colors market.

Competitive Landscape:
Major companies operating in the food colors market include Chr Hansen Holding A/S, D.D. Williamson & Co Inc., Kalsec Inc., Döhler GmbH, International Flavors & Fragrances Inc., Koninklijke DSM NV, Sensient Technologies Corporation, The Archer-Daniels-Midland Company, LycoRed Ltd., AromataGroup SRL, Givaudan SA, Naturex Ltd., Mane Kancor Ingredients Private Ltd., FMC Corporation, Badische Anilin- und Sodafabrik SE, Frutarom Industries Ltd., GNT Group BV, San-Ei Gen., De Nederlandse Staatsmijnen, Roha Dyechem Pvt Ltd., Kolor Jet Chemical Pvt Ltd., Vidhi Specialty Food Ingredients Ltd., Alliance Organics LLP, Vinayak Ingredients India Pvt Ltd., Neelikon Food Dyes and Chemicals Ltd., SensoryEffects Flavor Company, Kolorjet Chemicals Pvt Ltd., Aakash Chemicals & Dyestuffs Inc., Natural Food Colors Inc., Ingredion Incorporated

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Top Trend - Investments In Technological Advancements Drive Innovations In The Food Colors Market
Increasing investments in technological advancements are shaping the food colors market. Major companies operating in the food colors sector are focused on investing in food coloring technology to meet consumer demand. For example, in October 2022, International Flavors and Fragnances (IFF) opened a new Singapore Innovation Centre, the first in its global network of research, creative and application centers to integrate the technologies, capabilities and expertise of all four business divisions such as nourish, health & biosciences, scent and pharma solutions.

The Table Of Content For The Market Report 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
…..
27. Food Colors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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