The Food Colors Market is predicted to reach $3544.33 million with a CAGR of 8.2% according to Market Data Forecast report.

The Food Colors Market is predicted to reach $3544.33 million with a CAGR of 8.2% according to Market Data Forecast report.

ID: 1502 | October 2018 | Region: Global

The Food Colors Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Food Colors Market is estimated to be $2390 million and predicted to rise to $3544.33 million with a CAGR of 8.2%. The market is segmented by Type (Natural Colors (Anthocyanins, Carotenoids and Caramel), Synthetic Colors (Red, Yellow, Blue and Green) and Nature-Identical) by Application (Beverages, Bakery and Confectionery, Dairy and Meat), by Form (Liquid, Liquid Gel, Gel Paste and Powder), by Solubility (Dyes and Lakes). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

Increasing government support for boosting the acceptance of food colors in various food and beverage applications and in turn is projected to enhanced growth of the food colors market. Food technology development, promising food laws and rising awareness about food colors amongst customers are driving the market. The strict food standards guideline by FDA and different regulatory bodies is acting as a restraint for this market.

The market for natural colors segment, among other types, accounted for the largest share. The growth in demand for naturally obtained food colors and health benefits of certain natural colors have positively affected the demand for natural food colors.

There has been a rise in the number of strategic alliances among the natural food color players across the value chain in North America. Asia Pacific is another significant regional market which is projected to register the highest CAGR among other regions in the global natural food colors market during the forecast period. Natural food colors adoption in Middle-East and Africa is comparatively lower due to low availability of raw materials.

Various companies are contributing for this market such as LycoRed, DD Williamson, Archer Daniels Midland Company (U.S.), Sethness Products, Fiorio Colori, Chr. Hansen S/A (Denmark), Roha Dyechem, Sensient Technology Corporation (U.S.), Koninklijke DSM N.V. (Netherlands), San-Ei Gen F.F.I. Inc., WILD, DSM, Naturex, Phytone, GNT Group and FMC Corporation (U.S.).

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