The market is expected to generate an incremental $ opportunity of US$ 1,980.7 Mn between 2022 and 2032
Category: Food & Beverages Published Date : October 2022 ID: CVC-00370 Format: PDF Pages: 290
Natural Food Colors Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Natural Food Colors Market grew at a CAGR of 6.8% between 2017-2021 and is estimated to be US$ 1,972.4 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 7.2% and is expected to reach a valuation of US$ 3,953.1 Mn by 2032 end.
During the forecast period, it is anticipated that the market for natural food colors will expand at a remarkable CAGR. To make their products more appealing, businesses have seen a huge increase in demand for raw food colors.
Due to the rise in health consciousness and food adulteration, consumers’ propensity for clean-label products has been rising. Because of this, customers prefer to read product labels before making purchases, which is a major factor in the rising popularity of natural food colors.
Market Dynamic
GROWING AWARENESS ABOUT THE BENEFITS OF NATURAL FOOD COLORS FUELS THE GROWTH OF MARKET
Due to growing consumer knowledge of organic products, the health risks of synthetic colors, and the advantages of natural food colors in terms of health, raw food colors are becoming more and more popular over synthetic food colors. The rapid use of artificial production methods to boost the food supply has created several health risks.
The global demand for naturally grown food items is driven by increasing health consciousness and a preference for environmentally friendly products. As a result, natural food colors are frequently used by food manufacturers to enhance the aesthetic appeal of processed foods and beverages.
TECHNOLOGICAL ADVANCEMENTS TO PROPEL NATURAL FOOD COLORS MARKET GROWTH
The market’s expansion is constrained by the unstable nature of natural food colors and their short shelf lives. However, the food processing sector is anticipated to have faster market expansion thanks to ongoing innovation and technological advancements. The main goals of ongoing research are to develop novel natural food colour sources and methods to significantly extend the stability and shelf life of natural colors.
Market Segments Covered in Report
By Pigment Type:
By Application:
By Region and Country:
Segment-Wise Analysis
Why is carotenoid estimated to account for the largest market share?
In 2021, carotenoids were responsible for 30.1% of global revenue. Microorganisms, algae, plants, and some animal species all provide carotenoids. They mostly serve as food coloring additives and offer vivid yellow, red, and orange colors. Xanthophylls and carotenes are two of the two categories of carotenoids. The most prevalent xanthophylls are lutein and zeaxanthin, both present in green leafy vegetables, including broccoli, spinach, kale, corn, and egg yolks, honeydew melon, among other foods.
Carotenoid products now make up a significant portion of producers’ profits because of their simplicity of use, superior stability, improved aesthetics, and increased market appeal. Manufacturers are concentrating primarily on this market because carotenoid-based natural food colors accounted for US$7.3 billion in sales in 2018.
Region-Wise Analysis
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Competition Analysis
These actions have enabled market participants to increase their clientele and revenue. With the increasing demand for Natural Food Colors worldwide, market players in the Natural Food Colors market can anticipate attractive growth prospects in the future.
Some of the key developments that have taken place in the Natural Food Colors Market include the following:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
Research Scope | Details |
Forecast period | 2022-2032 |
Historical data available for | 2017-2021 |
Market analysis | USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032 |
Key regions covered | North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa |
Key countries covered | US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt |
Key segments covered | By Pigment Type, Application, and Region |
Customization scope | Available upon Request |
Pricing and purchase options | Available upon Request |