Food Colors Market Size, Share & Growth Trends by 2032

The global food colors market size is predicted to reach USD 7.58 billion by 2032, exhibiting a CAGR of 8.11% during the forecast period. According to the published report by Fortune Business Insights, titled “Food Colors Market Size, Share & Industry Analysis, By Type (Natural, Synthetic, Naturally-identical, Caramel, and Others), Source (Plant and Animal, Chemicals, and Others), Application (Processed Foods and Beverages), and Regional Forecast, 2019 – 2032” the market size stood at USD 2.55 billion in 2018.

Food coloring can be broadly categorized into natural and artificial types. Advances in food technology have led to the development of a wide range of artificial food colors, which are commonly used in processed food and beverages to achieve vibrant hues and appealing appearances. Some typical artificial food coloring ingredients include amaranth, carmoisine, and colors in green, yellow, red, and blue. Synthetic colors are favored by food and beverage manufacturers due to their cost-effectiveness and ability to provide rich, consistent color. Additionally, they blend easily to create a diverse spectrum of colors, making them ideal for use in baked goods, candies, and beverages.

The objective of the food colors market study is to deliver an in-depth understanding of the industry's dynamics and structure by identifying and outlining the major market segments. The study focuses on a detailed analysis of leading market participants, considering their financial status, product offerings, portfolios, pricing strategies, expansion plans, and geographic reach. It includes SWOT and PORTER analyses to address stakeholder inquiries and highlight potential investment opportunities. Additionally, the report examines current business practices and strategies employed in the food coloring industry, and explores market strategies, growth trends, constraints, and effective expansion techniques.

Information Source: https://www.fortunebusinessinsights.com/food-colors-market-102644 

Competitive Landscape:

Launch of Technology Centre by Symrise to Boost Market Prospects

A leader in the world of flavors and fragrances, Symrise AG opened its new Asia-Pacific Flavor Innovation and Technology Center. The Center aims to strengthen local food manufacturing skills while supporting Asia's regional food and nutrition hub. The Innovation and Technology Center's announcement will support the market's healthy growth in the upcoming years because of the 30 million euro expansion of its regional headquarters in Singapore, which will benefit food manufacturers greatly. Furthermore, Asia is quickly emerging as one of the primary global sources of influence and inspiration for cutting-edge culinary products, according to a statement from Dr. Heinz-Jürgen Bertram, Chief Executive Officer of Symrise AG. Additionally, important hubs for commerce, leisure, technology, nutrition, and health like Singapore will be at the heart of this megatrend. He went on, "In a similar vein, Singapore will remain at the center of our growth story, and I think the new research and innovation facilities will foster increased industry stakeholder collaboration, connectivity, and creativity, which will further develop Singapore's capabilities in the food research and manufacturing sector." Additionally, the general population's increasing food consumption will support the growth of the food coloring business.

Regional Analysis:

High Consumption of Packaged Food to Promote Growth in North America

In 2018, North America generated revenue of USD 667.77 million and is anticipated to experience rapid growth in the coming years due to the increasing demand for natural food colors. This growth is further supported by a rise in regulations banning artificial colors for health and environmental reasons. The market is expected to benefit from ongoing westernization and commercialization trends, as well as increased demand for both artificial and natural colors driven by the popularity of fizzy drinks.

In the Asia-Pacific region, the market is projected to see significant potential due to the rising consumption of ready-to-eat snacks. The growing working population and increasing disposable incomes in this region are likely to drive further market expansion.

The Report Lists the Main Companies in the Food Colors Market

• Dohler Group
• Archer-Daniels-Midland Co.
• Symrise AG
• Ingredion, Inc.
• Sensient Technologies
• Kalsec, Inc.
• DDW, Inc.