Natural Food Color Market Projected to Reach US$ 4.1 Billion by 2033, Growing at a CAGR of 7.4%

From 2023 to 2033, the natural food color market is expected to grow at a compound annual growth rate (CAGR) of 7.4%. The market is projected to grow from its current value of US$ 2 billion in 2023 to US$ 4.1 billion by the end of 2033.

Liquid form of natural food coloring is widely accessible, easy to spread, and appropriate for a variety of formulas. Liquid natural food coloring is expected to see a faster rate of growth through 2033, with a compound annual growth rate of 7.9%.

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The growing demand to enhance product appeal and increase awareness of the benefits of clean label products is anticipated to positively impact the global market. Furthermore, the food industry's intensified R&D efforts to discover novel coloring agents, along with the expanding use of microencapsulation technology, are expected to drive sales of natural food colors.

Key Insights:

• The liquid form segment is projected to achieve a strong CAGR of approximately 7.4% during the evaluation period.
• Among product types, the anthocyanin segment is expected to lead, capturing about 60% of the market share throughout the assessment period.
• In the United States, sales of natural food colors are predicted to grow steadily at a rate of 5%.
• Regarding applications, the beverages segment is anticipated to hold around 40% of the global natural food color market share by 2033.
• In Europe, Germany is set to retain its leading market share position throughout the forecast period.

Factors Driving Growth:

• Anticipated sales growth stems from heightened demand for carmine, extensively employed in a range of food items such as jams, yogurts, cake icings, and gelatin desserts.

• Sales are poised to increase further, fueled by a rising requirement for naturally sourced food colorings derived from animals, particularly sought after by food and beverage producers aiming for Halal certification.

Key Companies Profiled:
• Frutarom
• ColorKitchen
• Givaudan
• Sensient Technologies
• Kalsec Inc.
• Symrise AG
• Naturex
• McCormick & Company

Competitive Landscape:

Prominent providers of natural food coloring are striving to enhance their market share and revenues by creating dependable and inventive items. The bulk of big businesses are integrated throughout the whole value chain, from the extraction of raw materials to the delivery of finished goods. A few businesses are spending enormous sums of money on research to create distinctive hues using only natural components.

Here are the rewritten snippets:

1. "In April 2022, GNT Group, a prominent food coloring supplier headquartered in the Netherlands, unveiled its latest organic line, EXBERRY, featuring green and yellow hues derived from organic apple, spirulina, and safflower."
2. "In September 2021, Divi's Nutraceuticals, an Indian manufacturer specializing in vitamins & carotenoids, launched its newest naturally-sourced food ingredient, CaroNat. This product offers a rich dark orange to yellow coloring for various food and beverage applications, including dairy items."

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Key Segments of Natural Food Color Industry Research

• By Product :
o Carotenoid
o Curcumin
o Anthocyanin
o Chlorophyll
o Carmine
o Others
• By Form :
o Liquid
o Powder
o Gel
o Emulsion
• By Application :
o Dairy Food Products
o Beverages
o Confectionary and Bakery Products
o Others
• By Region :
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

In conclusion, the Natural Food Color Market is experiencing a significant surge in demand, driven by shifting consumer preferences towards healthier and more sustainable food options. The market has witnessed notable developments such as the introduction of innovative natural food color solutions by leading manufacturers.

Companies like GNT Group and Divi's Nutraceuticals are pioneering the development of natural food colorings derived from organic sources such as fruits, vegetables, and plant extracts. These products offer vibrant and attractive hues while meeting the increasing consumer demand for clean label and naturally sourced ingredients.

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This release was published on openPR.