Food Colors Market Worth $4.65 Billion by 2024- Exclusive Report by Meticulous Research®

LONDON, March 14, 2019 (Newswire.com) - According to this latest publication from Meticulous Research^®, the global food colors market is expected to grow at a CAGR of 7.4% from 2018 to reach $4.65 billion by 2024, driven by the factors such as increasing demand for organic products, expansion of food and beverages industry, rising health consciousness among the consumers, and consumer inclination towards environment-friendly products.

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The global food colors market is mainly segmented by type (natural, synthetic, and natural identical), source (plant, mineral and chemical, microorganism, and animal), form (liquid, powder, gel, and emulsion), solubility (water, dye, and oil), application (processed food products and beverages), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).

On the basis of type, natural colors commanded the largest share of the global food colors market in 2018, mainly due to increasing demand for chemical-free food products with increasing health awareness among the consumers across the globe. Natural food colors market is further expected to witness a rapid growth during the forecast period due to increasing demand for organic foods as they are healthier and safer than conventional foods.

On the basis of source, in 2018, plant source commanded the largest share of the global food colors market. The growth of this segment is mainly due to the growing demand for natural food colors derived from various parts of plants as they avoid varieties of health hazards caused by synthetic colors.

On the basis of application, processed food products segment is expected to dominate the global food colors market through 2024 with growing processed food industry and huge demand for food colors to replace the color loss during food processing to enhance the inherent color, minimize variations, and to color uncolored food.

Asia-Pacific region is expected to witness a fast growth during the forecast period mainly due to increasing demand for processed food products in emerging and developing countries including India, China, Indonesia, and Thailand. Also, this region is witnessing tremendous growth for food and beverages industry due to increasing urbanization, health awareness, and disposable income.

The major players operating in the global food colors market are CHR Hansen Holding A/S, Koninklijke DSM N.V, Sensient Technologies Corporation, Archer Daniels Midland Company, Dohler Group, DowDupont, D.D. Williamson & Co., Inc., Naturex S.A., Kalsec Inc, FMC Corporation, BASF SE, Allied Biotech Corporation, Frutarom Industries Ltd, Lycored Ltd., GNT Group, San-Ei Gen F.F.I., Inc., and Color & Fragrance Co.

Food Colors Market By Type (Naturals, Synthetic, Nature Identical), Source (Plant, Microorganisms, Animals), Form (Liquid, Powder, Emulsion), Solubility (Water, Oil), Application (Processed Foods, Beverage), And Geography– Global Forecast To 2024

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Scope of the Report:

Market by Types

• Natural colors
• Synthetic colors
• Natural-identical colors

Market by Source

• Plant
• Mineral and Chemical
• Micro-organism
• Animal

Market by Form

• Liquid
• Powder
• Gel
• Emulsion

Market by Solubility

• Water
• Dye
• Oil

Market by Application

• Processed food products
  • Bakery, Snacks, and Cereal
  • Dairy
  • Confectionery
  • Meat, Poultry, and Seafood
  • Oil and Fats
  • Others
• Beverages
• Non-Alcoholic beverages
• Alcoholic beverages
  • Carbonated Soft Drinks
  • Functional Drinks
  • Juice and Juice Concentrates
  • Others

Market by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • U.K.
  • Spain
  • RoE
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • Australia
  • RoAPAC
• Rest of World
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • RoLATAM
  • Middle East and Africa

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Source: Meticulous Market Research Pvt. Ltd.