The global food colors market was valued at US$ 4.71 billion in 2020, and it is likely to garner a compound annual growth rate of about 6% during the forecast period to reach US$ 5.98 billion by 2025.
Food colors are pigments, colors and additives that improve the visual appearance of both processed and fresh foods. Food colors also compensate for color loss caused by exposure to air, light, temperature fluctuations and humidity. They include components such as synthetic colors and natural colors. These are widely used in pharmaceuticals, confectionery, dairy products, packaged foods, bakery, beverages, cosmetics and others.
The change in lifestyle and globalization have led to an increase in the use of food colors in emerging markets. The global food colors market is likely to grow with the increasing demand for different cuisines. The natural colors are more preferred due to the consumer's inclination for healthy and nutritious diets. Growth should continue in the coming years with the introduction of new products, new sources of raw materials and the production of colors using cutting-edge technology.
To increase their appeal, food colors are introduced into food products or beverages. Pigments and dyes, in liquid form, liquid gel, paste and powder form are the most common dyes that are added to food and drinks. The global food colors market is motivated by its ability to increase attractiveness and understanding of the positive impacts of natural color products. For example, due to its antioxidant properties, betanin, a natural food coloring, is used. Likewise, red sandalwood offers wound healing characteristics and is used in Ayurvedic therapy. However, the ban on the trade of artificial colors hinders the development of the industry. R&D for sources of fresh raw materials offers food color suppliers innumerable development possibilities.
Market Size Available
2019 – 2025
By Type, Application, Form
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Chr. Hansen S/A, Sensient Technology Corporation, Archer Daniels Midland Company, MC Corporation, Koninklijke DSM N.V, D.D. Williamson & Co. Inc, Fiorio Colori, Naturex S.A, Döhler Group, Kalsec Inc
Due to the increasing use of products by customers in emerging countries, the market for synthetic food colors is growing. In addition, it is presumed that its application will mainly influence the demand for artificial colors such as green and blue in the beverage sector. Global population growth is expected to increase the demand for meat and beverage products, which will further enhance the supply of this product over the forecast period.
The size of the global food colors market is growing exponentially due to factors like better perception by consumers of safe products for food colors. The tendency to promote health by the usage of natural food colors is also an element boosting the global food colors market. With the increasing globalization, the food industry has been diversified to a great extent. Various cuisines around the world are now easily accessible to customers, changing their food consumption habits. This change in consumer diet patterns provided an excellent boost for the expansion of the global food colors industry. Furthermore, the rise in disposable income and rapid expansion of quick-service restaurants across the globe are also acting as catalysts for this market boom.
On the other hand, a few aspects are impeding the expansion of the global foods colors market. High initial installation cost and health problems created by the consumption of synthetic colors are the mainly focused ones among those impediments.
The global food colors market can be segmented according to the application, type, and form.
The application segment of the global market is divided into beverages, processed foods, dairy products, bakery and confectionery products, meat, poultry, oil & fats, and seafood. The beverage segment is foreseen to grow with a noteworthy growth rate in the coming years due to the increased use of food colors in various beverage applications, such as nutritional drinks, flavored drinks and soft drinks like nectars and fruit juices.
Based on the type, the global food colors market is classified as natural, synthetic, and natural-identical. Of these, the natural color segment is supposed to grow at a rapid pace due to the growing demand for natural food colors among consumers and producers, owing to the health benefits associated with them.
Depending on the form, the global food colors market is segmented into gel, powder, liquid and paste. The liquid segment accounts for a protruding portion in the world marketplace, attributing to its usage in households and restaurants.
The Asia Pacific food color market is projected to experience the most significant growth in the coming years due to factors such as high production levels in countries such as New Zealand and Australia, population growth, increasing demand for natural products and the evolution of lifestyle and increased consumer spending on food and beverages. The growth of this region is stimulated by the food industry in Japan, India, and China, and by the considerable increase in trade in food coloring products of these countries. North America and Europe are also some noteworthy regions in the global food colors market.
Key Market Players:
Major Key Players in the Global Food Colors Market are
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Food Colors Market, By Type
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Food Colors Market, By Application
6.2.2 Processed Food
6.2.3 Bakery & Confectionery Products
6.2.4 Oils & Fats
6.2.5 Dairy Products
6.2.9 Market Size Estimations & Forecasts (2020-2025)
6.2.10 Y-o-Y Growth Rate Analysis
6.2.11 Market Attractiveness Index
6.3 Food Colors Market, By Form
6.3.5 Market Size Estimations & Forecasts (2020-2025)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2020 - 2025)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Application
7.2.4 By Form
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.3.4 By Form
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.4.4 By Form
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Type
7.5.3 By Application
7.5.4 By Form
7.6 Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Type
7.6.3 By Application
7.6.4 By Form
8. Key Player Analysis
8.1 Chr. Hansen S/A
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Sensient Technology Corporation
8.3 Archer Daniels Midland Company
8.4 MC Corporation
8.5 Koninklijke DSM N.V
8.6 D.D. Williamson & Co. Inc.
8.7 Fiorio Colori
8.8 Naturex S.A.
8.9 Döhler Group
8.10 Kalsec Inc
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures