The global natural food colors market is segmented into pigment type such as carotenoid, curcumin, anthocyanin, paprika extract, chlorophyll, spirulina extract, annatto, carmine and others. Among these segments, carotenoid natural food colors segment is expected to occupy top position in overall natural food colors market during the forecast period. Rising demand for carotenoids in bakery, frozen and non-alcoholic beverages is anticipated to fuel the growth of carotenoid natural food colors segment. Moreover, various healthy properties of the carotenoid such as prevention of disease and cellular damage are envisioned to bolster the growth of carotenoid natural food colors market.
Global natural food colors market is expected to flourish at a significant CAGR of 7.8% during the forecast period. Moreover, the global natural food colors market is expected to garner USD 2.1 Billion by the end of 2023. The global demand of natural food colors is increasing due to the rising consumer preference for organic label products. Further, stringent food & beverage regulations regarding the use of synthetic food colors are expected to positively impact the growth of the global natural food colors market over the forecast period.
North America captured the largest share in overall natural food colors market in 2016. The growth in the region can be attributed to increasing healthcare concern and increasing adoption of natural dietary products. Besides, rising demand from food and beverage industry and cosmetics is also expected to impel the growth of natural food colors market in the North America. Europe market is expected to expand at a significant CAGR during the forecast period i.e. 2017-2024. Presence of large number of manufacturers in the region is expected to be the key factor behind the growth of natural food colors market in the Europe region. Further, restriction or limited use of synthetic color made products is expected to fuel the growth of Europe natural food colors market during the forecast period.
Rising Demand for Organic Foods
Increasing consumer inclination towards organic food products is driving the demand for natural food colors market. Moreover, increasing healthcare concerns and growing consumer awareness is expected to accelerate the growth of the natural food colors market.
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Increasing Utilization in Food & Beverage Industry
Consumer strong perception of safety and healthcare benefits of natural products has resulted in surged adoption of natural food colors in food & beverage industry. Moreover, the organic product labeling marketing strategies of various major food and beverage industries is anticipated to impel the demand for natural food colors in the next few years.
Although, high cost of natural food colors as compared to synthetic colors and fluctuation in the price of raw material are some of the factors is likely to dampen the growth of natural food colors market during the forecast period.
The report titled “Natural Food Colors Market: Global Demand Analysis & Opportunity Outlook 2023” delivers detailed overview of the global natural food colors market in terms of market segmentation by pigment type, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global natural food colors market which includes company profiling of Chr. Hansen Holding A/S, Archer Daniels Midland Company, Naturex S.A., Sensient Technologies Corporation, Symrise AG, GNT Group B.V., Roha Dyechem Pvt. Ltd., D.D. Williamson & Co., Inc., Kalsec Inc. and Dohler Group. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Global natural food colors market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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