The market for natural food colors is anticipated to grow and reach a value of USD 2.76 billion by 2027. The rise in demand for these products is due to growing concerns about the potential health hazards of synthetic and natural-identical colors. As these colors continue to gain popularity in various industries such as beverages, bakery, and confectionaries, the market is expected to expand. Additionally, the industry is likely to benefit from stringent regulations on synthetic colors, which are leading to a surge in their replacement with natural alternatives.
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Top Companies Operating in the Global Synthetic Food Colors Market Report:
Koninklijke DSM N.V., CHR Hansen Holding A/S, Döhler Group, Sensient Technologies Corporation, D.D. Williamson Co., Archer Daniels Midland Company, Inc., Kalsec Inc., Naturex S.A., Aromata Group S.r.l, and FMC Corporation.
Further key findings from the report suggest
- The food color category from plants accounted for the largest proportion of the total Synthetic Food Colors Market in 2019. The big share of this segment is mainly due to the rising demand for organic food colors from different sections of plants.
- The food color segment from animal sources is expected to grow at the highest CAGR by 2027. The growing use of colored animal colors as a coloring agent in many food products, beverages and packaged food products with Halal certification can be attributed to this development.
- The consumption of the drug in drinks was largely due to rising global volumes of nutritious drinks, including snacks, sports drinks, soft sofas and alcoholic beverages.
- Anthocyanin will be the fastest growing due to the high rates of synthetic blues substitution in 2019 to 2027 due to several associated health risks.
- Major players in the natural colors of food conduct their company across a wide variety of goods and a number of facilities worldwide. The companies also engage in the production of innovative and reliable goods, in order to boost their share and increase sales.
- The industry in Asia Pacific is projected, led by the rapid growth of the food beverage industry in the region, to account for more than the bulk of the revenue market by 2027. Increasing commodity demand would likely increase demand in developing economies of the region
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The global Synthetic Food Colors Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Carotenoids
- Curcumin
- Anthocyanin
- Carmine
- Copper Chlorophyllin
- Others
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Bakery Confectionery
- Beverages
- Dairy Frozen Products
- Meat Products
- Oil Fat
- Fruits vegetables
- Food
- Others
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