The Global Food Colors Market Expected to Reach $6.0 Billion by 2028

A recent research report by MarketsandMarkets titled "Food Colors Market by Type, Application, Source, Form, Solubility, and Region - Global Forecast to 2028" forecasts the food colors market to grow from USD 4.6 billion in 2023 to USD 6.0 billion by 2028, with a CAGR of 5.4% during this period.

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The processed and packaged food & beverage markets play a significant role in driving the growth of the food colors market. Various processing techniques, both thermal and non-thermal, alter the original color of food products, thereby increasing the demand for food colors to maintain natural aesthetics.

Among the different types of food colors, the natural segment is projected to witness the highest growth rate during the forecast period. This surge in demand can be attributed to consumer preferences shifting towards clean, healthy, and eco-friendly food ingredients. Natural colors, extracted from fresh fruits and vegetables, offer additional health benefits compared to synthetic counterparts.

The Asia Pacific region is experiencing the highest growth rate in the food colors market, fueled by the developing economy, increasing disposable income, and growing expenditure on ready-to-eat food & beverage options. Major players in the region are focusing on developing innovative products to cater to the demands of consumers, particularly in the bakery goods sector.

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Key players in the food colors market include ADM (US), Sensient Technologies Corporation (US), DDW (US), DSM (Netherlands), and International Flavors & Fragrances, Inc. (US). These players are actively contributing to the growth and innovation in the industry.

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