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Redding, California - October 3, 2024

Food Colors Market to Reach $5.42 Billion by 2031

Food Colors Market Size, Share, Forecast, & Trends Analysis by Type (Natural & Nature-identical {Carotenoids, Anthocyanin}), Source (Plants), Form (Liquid), Solubility (Water, Oil), Application (Processed Food Products, Beverages)—Global Forecast to 2031

Meticulous Research®—a leading global market research company, published a research report titled ‘Food Colors Market—Global Opportunity Analysis and Industry Forecasts (2024-2031).’ According to this latest publication from Meticulous Research®, the food colors market is expected to reach $5.42 billion by 2031, at a CAGR of 6.5% from 2024 to 2031.

The increasing demand for natural food colors from food & beverage manufacturers, the need to improve food & beverage products’ visual appeal, and increasing R&D activities in the food & beverage sector are driving the growth of the food colors market. However, market growth is restrained by expensive natural food colors and strict government regulations.

In addition, emerging economies and growing consumer inclination toward natural, organic, and clean-label foods are expected to provide considerable opportunities for market players. Moreover, the shift toward plant-based diets is a prominent trend in the food colors market.

Key Players:

The food colors market is moderately competitive due to the presence of many large & small global, regional, and local players. The key players operating in the food colors market are Oterra A/S (Denmark), Sensient Technologies Corporation (U.S.), Archer-Daniels-Midland Company (U.S.), Givaudan SA (Switzerland), DSM-Firmenich AG (Switzerland), BASF SE (Germany), International Flavors & Fragrances Inc. (U.S.), Lycored, Ltd (A Part of ADAMA Agricultural Solutions Ltd.) (Israel), Döhler Group (Germany), GNT Group B.V. (Netherlands), San-Ei Gen F.F.I., Inc. (Japan), Kalsec, Inc. (U.S.), Mane Kancor Ingredients Private Limited (India), Innovation Colour Technology S.L. (Spain), IFC Solutions (U.S.), and Allied Biotech Corporation (Taiwan).

The food colors market is segmented based on type, source, form, solubility, and application. This study also evaluates industry competitors and analyzes the market at the regional and country levels.

Among the food color types studied in this report, in 2024, the natural & nature-identical segment is expected to dominate the food colors market with a share of 67.8%. The growing number of companies offering natural and nature-identical food colors, rising consumer demand for organic products, a shift toward clean-label food products, and improvements in microencapsulation technology for natural colors contribute to the segment’s dominant position in the food colors market. In addition, in 2024, the carotenoids segment is expected to dominate the natural & nature-identical food colors market with the largest share.

Among the food color sources studied in this report, in 2024, the plants segment is expected to dominate the food colors market. The rising demand for natural and organic food ingredients, the availability of diverse plant sources for extracting colors, and improvements in extraction and processing techniques for plant-based colors contribute to the segment’s dominant position in the food colors market. Additionally, the growing consumer preference for clean-label products and more stringent regulations regarding chemical additives in food are encouraging manufacturers to use natural plant-based colors to adhere to safety standards, supporting the segment’s large market share.

Among the food color forms studied in this report, in 2024, the liquid segment is expected to dominate the food colors market. The advantages associated with liquid food colors, including improved shelf life and visual appeal, enhanced viscosity, and better mouthfeel and texture, contribute to the segment’s dominant position in the food colors market. Additionally, liquid food colors have a higher water content compared to other forms, making them particularly suitable for application in the production of bakery, confectionery, ice cream, and syrup products.

Among the solubility types studied in this report, in 2024, the water-soluble segment is expected to dominate the food colors market. The benefits of water-soluble food colors, such as high concentration and stability in water, contribute to the segment’s dominant position in the food colors market. These colors are used in a variety of food & beverage applications, such as beverages, baked goods, confections, dairy products, and sauces. Furthermore, water-soluble food colors are easier to mix and blend, allowing for greater control over the final color outcome.

Among the applications studied in this report, in 2024, the processed food products segment is expected to dominate the food colors market. The rising demand for convenience foods, changing food consumption patterns, and the growing processed foods sector contribute to the segment’s dominant position in the food colors market. Additionally, in 2024, the bakery & confectionery segment is expected to dominate the food colors market for processed food products.

This research report analyzes major geographies and provides a comprehensive analysis of the food colors market in North America (U.S. and Canada), Europe (Germany, France, U.K., Spain, Italy, Netherlands, Denmark, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Singapore, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa (United Arab Emirates, South Africa, Saudi Arabia, and Rest of Middle East & Africa).

Among the geographies studied in this report, in 2024, Europe is expected to dominate the food colors market with a share of 33.8%. The food colors market in Europe is estimated to be valued at $1.18 billion in 2024. The substantial share of this regional market can be attributed to the presence of well-established key players and increasing government support for incorporating natural food colors in food & beverage applications. Furthermore, the escalating demand for organic food & beverages, the surging consumption of plant-based foods, and rising health and wellness trends contribute to Europe’s dominant position in the food colors market.

Download Sample Rreport Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=4921

Key Questions Answered in the Report:

What is the revenue generated from the sale of food colors globally?
At what rate is the global demand for food colors projected to grow for the next five to seven years?
What is the historical market size and growth rate for the food colors market?
What are the major factors impacting the growth of this market at the global and regional levels?
What are the major opportunities for existing players and new entrants in this market?
Which type, form, solubility, application, and source segments are expected to create major traction for the manufacturers in this market?
What are the key geographic trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers in the food colors market?
Who are the major players in the food colors market? What are their specific product offerings in this market?
What are the recent key developments in the food colors market? What are the impacts of these strategic developments?

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Redding, California - October 3, 2024

Food Colors Market to Reach $5.42 Billion by 2031

Food Colors Market Size, Share, Forecast, & Trends Analysis by Type (Natural & Nature-identical {Carotenoids, Anthocyanin}), Source (Plants), Form (Liquid), Solubility (Water, Oil), Application (Processed Food Products, Beverages)—Global Forecast to 2031

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