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Food Colors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A5439
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Market Overview:
The global food colors market size reached US$ 4.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.
Food colors comprise dyes, pigments and other additives that help enhance the appearance of fresh and processed food products. They are derived from inorganic pigments, synthetic coal-tar substances, or vegetable sources, such as corn, beets and soybean, combinations of organic and metallic compounds. They aid in minimizing color loss caused by exposure to light, air, moisture and variations in temperature. As a result, food colors are added to sausage casings, baked goods, candies, snack food, margarine, cheese, jams and jellies, biscuits, cookies, cakes, pastries, carbonated drinks, gelatin desserts, powdered drink mixes, and orange and potato skins. At present, they are available in gel, liquid, paste and powder forms around the world.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Food Colors Market Trends:
The thriving food and beverage (F&B) sector, in confluence with the rising consumption of processed and packaged food products, represents one of the key factors propelling the growth of the market. Moreover, food colors are employed in the pharmaceutical industry for manufacturing tablets, mouthwash, gels, syrups, and drugs. These colors are sometimes combined with different flavors like mango, orange, strawberry, lemon, mint, and herbs for adding a distinct taste and smell to pharmaceutical products. At present, there is a significant rise in the number of individuals with chronic diseases, such as diabetes, hypertension, and cardiovascular diseases, which is increasing the requirement for pharmaceutical products, such as medicines. This, in turn, is catalyzing the demand for food colors across the globe. Furthermore, the rising utilization of synthetic food colors on account of their high coloring ability, easy availability, homogeneous color distribution, brightness, stability, and ease of application is projected to fuel the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global food colors market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, form, solubility and application.
Breakup by Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Natural Colors
- Artificial Colors
Breakup by Form:
- Liquid
- Powder
- Gel
Breakup by Solubility:
- Dyes
- Lakes
Breakup by Application:
- Beverages
- Meat Products
- Dairy Products
- Bakery and Confectionary
- Processed Food and Vegetables
- Oils and Fats
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, AromataGroup SRL (Nactarome S.P.A.), BASF SE, Cargill Incorporated, Döhler, Givaudan, International Flavors & Fragrances Inc., Kalsec Inc., Koninklijke DSM N.V., LycoRed Ltd. (Adama Agricultural Solutions Ltd.), San-Ei Gen F.F.I. Inc. and Sensient Technologies Corporation.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Type, Form, Solubility, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Archer-Daniels-Midland Company, AromataGroup SRL (Nactarome S.P.A.), BASF SE, Cargill Incorporated, Döhler, Givaudan, International Flavors & Fragrances Inc., Kalsec Inc., Koninklijke DSM N.V., LycoRed Ltd. (Adama Agricultural Solutions Ltd.), San-Ei Gen F.F.I. Inc. and Sensient Technologies Corporation. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global food colors market was valued at US$ 4.7 Billion in 2022.
We expect the global food colors market to exhibit a CAGR of 7% during 2023-2028.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of food colors.
The rising utilization of food colors to enhance the appearance of fresh and processed packaged food products, such as biscuits, cookies, cakes, etc., is primarily driving the global food colors market.
Based on the type, the global food colors market can be segmented into natural colors and artificial colors. Currently, natural colors hold the majority of the total market share.
Based on the form, the global food colors market has been divided into liquid, powder, and gel. Among these, liquid currently exhibits a clear dominance in the market.
Based on the application, the global food colors market can be categorized into beverages, meat products, dairy products, bakery and confectionary, processed food and vegetables, oils and fats, and others. Currently, the beverage sector accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global food colors market include Archer-Daniels-Midland Company, AromataGroup SRL (Nactarome S.P.A.), BASF SE, Cargill Incorporated, Döhler, Givaudan, International Flavors & Fragrances Inc., Kalsec Inc., Koninklijke DSM N.V., LycoRed Ltd. (Adama Agricultural Solutions Ltd.), San-Ei Gen F.F.I. Inc., and Sensient Technologies Corporation.
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