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Food Colors Market by Type, Application, Form, Solubility And Region - Global Forecast to 2023

Food Colors Market: Global Forecast until 2023

  • July 2018
  • 207 pages
  • ID: 4911701
In this report:
According to a report published by The International Food Information Council (IFIC) Foundation in 2017, about ##.## gm of spirulina contains ## calories, ## gm of protein, magnesium, potassium, folate, and ##% of the daily required iron.
According to a 2012 Food & Health Survey conducted by The International Food Information Council (IFIC) Foundation, about ##% consumers demand proper labeling of food products for artificial or synthetic colors to help them choose natural products.

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The food colors market is estimated to rise at a compound annual growth rate of 5.70 percent.

The food colors market is projected at ~$3.9B in 2018 and is projected to extend ~$5.1B by 2023. It is expected to increase at a compound annual growth rate (CAGR) of 5.70 percent from 2018 to 2023. The industry is primarily influenced by trends including increase in consumer awareness regarding food safety and diseases caused by consuming harmful synthetic colors. Other increase factors contain the stringent regulations made by several government bodies to be followed by food color producers.

Elements such as the high cost of natural colors and raw materials for processing natural colors are affecting the increase of the market. These issues have been restraining the increase of the food colors market to some extent.

The processed food segment is expected to rise at the maximal rate during the estimate period.

On the basis of application type, the processed food segment is expected to grow at the highest compound annual growth rate (CAGR).The food processing sector is increasing in developed as well as emerging economies.

The sector is helping significantly to the GDP of emerging countries, owing to which the governments of these countries are also launching favorable policies for industry growth. This factor is, in turn, driving the sector for food colors across the globe.

Natural segment is planned to be the quickest-increasing during the forecast period.

Established on category, the natural segment is intended to be the quickest-rising during the forecast period. Natural colors are in demand due to their health benefits while also imparting color.

APAC is expected to register the maximum growth rate during the outlook period.

Asia-Pac is forecasted to be the quickest developing market between 2018 and 2023.Improvements in the food export and import sector have opened new opportunities for the food & beverage market, leading to the increase of the food colors market in this area.

Emerging economies including China and India (IN) play an important role in supplying food colors either as raw materials or in processed form to the European market. The leading market actors for food colors in the Asia Pacific area are Danasia Inc., ITC Colors, Takasago International Corporation, Frutarom, Kancor Ingredients Ltd., and Roha Dyechem Pvt. Ltd..

Break-up of Primaries:

• By Company category: Tier 1 - 43.0 percent, Tier 2 - 41.0 percent, and Tier 3 - 16.0 percent

• By Description: C-suite executives - 54.0 percent, Director-level - 46.0 percent

• By Area: North America continent - 22.0 percent, Europe (EU) - 35.0 percent, Asia Pacific (APAC) - 28.0 percent, and rest of the world - 15.0 percent

Segment Research

The document breaks down the food colors market based on type, application, form, solubility, and area. In terms of insights, this market research has emphasized different levels of analyses-competitive landscape, end-use review, and company descriptions, which together comprise and examine the basic overviews on the emerging & high-growth segments of the food colors market, high-growth areas, territories, government actions, drivers, market restraints, alternatives, and opportunities.

Why acquiring this study can help you:

• To get a comprehensive overview of the food colors market

• To benefit wide-ranging information about the top actors in this market, their products review, and top strategies approved by them

• To benefit business insights about the main countries/localities in which the food colors market is prospering

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