Food Color Market Size US$ 5.3 Billion by 2032 at a CAGR of 7.3%

The total food color market in the United States 670.5 million US dollars in 2021 which is approximately 27.8% of the global food coloring market. in EuropeThe The Middle EastAnd the AfricaAnd the Indiathe demand for food coloring is expected to grow at a 5.88% CAGR between 2022 and 2032

Newark, Dale.And the May 31, 2022 /PRNewswire/ – The global food coloring market is expected to reach the market assessment of 2.6 billion USD By 2022, accelerating with a Compound annual growth rate of 7.3% by 2022-2032.

FMI analysis shows that food colors will form approx 5.3 billion USD Market value in the global market in 2032. The Food Colors market showed volume consumption over 185000 metric tons in 2021 and its consumption is expected to be around 340,000 metric tons by 2030.

Market research conducted by FMI also indicates that the demand in the natural food coloring segment is expected to grow at 8.1%, The fastest among the other species during the forecast period. The need for natural food ingredients along with the traceability of their origin and extraction process has become an important factor due to COVID-19.

People are becoming more aware of food ingredients, which is driving the demand for natural food colors over artificial colours. Natural food colors are also widely used in the growing market for organic foods.

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The global food coloring market is driven by the ever-increasing demand for people’s innovative food choices, changing taste and food preferences due to the emergence of social media. Increased consumer awareness of food products with clean labels and the additional health benefits valued by certain natural food colors is driving the market for food colouring.

The main takeaway from the market study

  • The global food coloring market has shown a growth at a CAGR of 6% over the past 5 years.
  • Natural food colors are expensive in comparison to their counterparts and this is evident as they represent over 67% of sales by value but only 26% by volume of the total food color market.
  • By application, the beverage segment holds over 22% of the food coloring market share. Also, the demand for beverages is expected to accelerate at a compound annual growth rate of 5.8% during the evaluation period.
  • Among the beverages, carbonated soft drinks consume the most food colouring. This subsection used approximately 8000 metric tons of food coloring in 2021 worldwide.
  • Water-soluble food colors, i.e. dyes, have captured the largest share of the global food coloring market on lakes. Water soluble food colors have always been in great demand from the food and beverage industry due to their characteristics such as excellent quality-price ratio, highly concentrated color and high stability in water.

Leading companies identified in food coloring market

  • Archer Daniels Midland Company
  • Allied Biotechnology Co.
  • DIC Corporation (BASF SE)
  • BioconColors
  • DDW, the house of colors
  • Döhler . group
  • GNT International BV
  • classic company
  • DSM
  • Naturex SA
  • ROHA (JJT Group Company)
  • San-Ei Gen FFI, Inc.
  • Sencent Colors LLC.
  • Symrise AG
  • Human Rights Center. Hansen Holdings A/S.
  • Aharon

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The growing demand for food colours, especially natural food colours, from various end-use industries, including bakery, confectionery, dairy, food and beverage, meat, poultry and seafood will continue to drive growth in the market. Hence, there is a lot of room for market players to control the increasing demand for natural food colours, especially if they have competitive prices. To gain a competitive advantage, market players should focus on expanding their production facilities in emerging economies and strive to keep costs as low as possible along with ensuring quality.” Future Market Insights Analyst says

Competitive scene

Players in the food coloring market have modified the product to appeal to the end user and consumer industries. They have been exploring the natural food color area along with technical steps into other food color palettes.

  • Manufacturers such as Chr. Hansen Holding A/S improvises products by investing in research and development, launching new products, and acquiring regional innovative units. Manufacturers are diversifying towards different applications in pet foods to expand consumption of food colours. Besides, they focus on better distribution channels like e-commerce to gain a competitive advantage.
  • In 2021, GNT Group launched colorful foods made with turmeric and spirulina to help the clean and cost-effective green food ingredients sector.
  • In 2020, Phytolon, an Israeli startup, secured funding for 4.2 million USD For their fermentation-based technology to produce high quality natural food colouring.

Food color market by category

As per Color Palette, food coloring market is segmented as follows:

  • natural food colors
  • artificial food colors
  • caramel food color
  • Titanium dioxide food coloring

On the basis of shape, the food coloring market has been segmented as follows:

On the basis of solubility, the food coloring market has been segmented as follows:

By application, the food coloring market is segmented as follows:

  • Drink
  • Bakery, snacks and cereals
  • candy / sweets
  • Albanian
  • Fruit preparations / fillings
  • Meat, poultry, fish and eggs
  • Potatoes, pasta and rice
  • Sauces, soups and sauces
  • spices
  • pet food

By region, the food coloring market is segmented into:

  • worldwide
  • North Amarica
  • Latin america
  • EuropeMiddle East and AfricaAnd the India
  • Asia Pacific

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Micronutrient powders market – the global market size for micronutrient powders is set to exceed 8.1 billion USD in 2032 and showing an impressive growth at a compound annual growth rate of 4.7% in the forecast period from 2022 to 2032

Water Soluble Vitamins Market – The global water soluble vitamins market size is expected to reach 4.8 billion USD in 2022 and is likely to show growth at a compound annual growth rate of 5.3% in the coming years (2022-2032).

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Future Market Insights (a market research institution accredited by ESOMAR and a member of Greater New York Chamber of Commerce) provides in-depth insights into the governing factors that increase market demand. It reveals the opportunities that will favor market growth in various segments based on source, application, sales channel and end use over the next 10 years.

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