Key Food Colorants Market Players, Rising Demand and Future Scope Till 2030

 

Food Colorants



Global Food Colorants Market Overview:

Global Food Colorants Market is projected to grow by USD 3.68 billion from 2022 to 2030 at a CAGR of 7.3%.

Market Highlights:

With the introduction of modern food processing methods, the importance of food colourants has increased in the past few decades, the slightest step of which destroys the natural colouring pigments in food. The market for natural colours is projected to be powered by rising demand and customer desire for minimally administered foods and health-promoting properties of natural colourants, twice as high as the synthetic market.

Much interest has been shown in the production of new natural dyes used in the food industry, owing to the high global Food Colorants Market demand for more natural goods. The health-enhancing properties of natural colours, in combination with the organic properties of natural products, also improve the beauty of natural colours. Furthermore, with regard to product creation and extraction technology, the emphasis on R&D provides lucrative prospects for suppliers. Strict legislation relating to food colours, however, limit the growth of the industry.

Over the past few years, however, the use of synthetic food colorants has been problematic and extensive study has been carried out demonstrating the possible risks of consuming synthetic colours. This has contributed to the implementation of strict rules in the food manufacturing industry on the use of these colours. These factors are likely to hampur the food colorants demand over the review period.

Segmental Analysis:

The global market for food colourants is classified into forms, uses, and regions.

The market has been segmented into natural and synthetic on the basis of form. In 2022, the synthetic segment led the industry with a market share of almost 60% .

The market was divided into bakery & confectionery, dairy & frozen sweets, drinks, sweet & savoury snacks, beef, poultry & seafood products, among others, depending on use. During the forecast period, the beef, poultry & seafood products segment is projected to report the highest CAGR of 6.0 percent.

Regional Overview:

The global food colourants industry has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World, by region. In 2022, the European industry led the global market for food dyes and is predicted to record a CAGR of 5.0% over the forecast period. The main countries in the region with strong demand for food dyes are Germany, France and the United Kingdom. Increasing food safety issues in the United Kingdom are forcing manufacturing to introduce clean labelling, triggering the market for natural colours.

Due to the significant growth of the food industry in Asia-Pacific, the Asia-Pacific food dye market is projected to be highly lucrative for market players operating in the food dye market. Regional development has been positively affected by burgeoning packaged snacks consumption along with growing processed food trade. Rising demand for ready-to-eat goods would boost product demand over the projected timeframe in major economies such as India, China and Australia.

Because of the growing recognition of the healthy use of naturally derived colours in different edible colours, MEA food colourants market share is expected to increase, which would encourage opportunities for a major industry growth. The development of the product line would be influenced by factors such as simple accessibility of raw materials consisting of fruits & vegetables and growing safety issues among customers. In addition, increasing customer buying potential and value for money considerations, combined with the growing trend of canned and packed FMCG goods, would further increase the region's global demand expansion.

Competitive Dashboard:

The Global Key Food Colorants Market Players are Chr. Hansen Holding A/S (Denmark), Archer Daniels Midland Company (US), Sensient Technologies Corporation (US), DDW The Color House (US), Döhler Group (Germany), Kalsec Inc. (US), Frutarom Industries Ltd (Israel), DSM (Netherlands), Naturex (France), and Kevin India Co (India).

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Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

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