What Role Do Government Regulations Play in the Growth of the Natural Food Color Market?
Natural Food Color Ingredients Market Scope:
The natural food color ingredients market can expect to gain
at a moderate pace of 5.55% between 2022 and 2030, reveals the in-depth study
by Market Research Future (MRFR). The global market can account for close to
USD 3.23 billion by the end of 2030, adds the study.
Top Growth Boosters and Restraints:
Food products with natural color ingredients as well as
clean labels enjoy significant demand across every region, thanks to the
soaring health awareness, and surging spending capacity of the consumers. The
alarming rise in food adulteration cases also enhance the demand for natural
food color ingredients. Based on the accelerated demand, a huge number of
manufacturers are now focused on bolstering their natural food & beverage
product portfolios.
Give the non-toxic as well as lesser side effects nature, Natural
Food Color Ingredients Market therapeutic use has been surging
as well. Plus, governments’ mounting efforts to elevate the sales of natural
food color ingredients owing to their biodegradability property further
facilitates business growth. Besides, numerous regulations emerging in various
regions encouraging the use of natural food color ingredients instead of
synthetic food color ingredients will enhance the market size as well.
The global industry has a huge number of reputed
manufacturers extensively integrated all across production to distribution
phases of the entire value chain. Additionally, majority of the vendors are
part of product distribution largely via direct distribution channels and
third-party distribution channels, which helps them bolster their global
presence. Acquisitions, mergers, collaborations, agreements and expansion of
production capacity are the top strategical moves made by the manufacturers in
the worldwide industry. To illustrate, in January 2022, Lycored set up a new
processing unit in Branchburg for its carotenoids, amino acids, minerals, and
vitamins. The processing plant offers significant capabilities for blending,
milling, coating, and drying, with opportunities for customization.
Top Market Contenders:
Chr. Hansen S/A (Denmark), Archer Daniels Midland Company
(U.S.), Sensient Technology Corporation (U.S.), D.D. Williamson and Co. Inc.
(DDW) (U.S.), Kalsec Inc. (U.S.), Doehler Group (Germany), FMC Corporation
(U.S.) are the major developers of Key
Natural Food Color Ingredients Market Players across the
world.
Segmental Insights:
The global market, type-wise, has been divided into
spirulina, paprika extract, curcumin, carotenoids, anthocyanin, chlorophyll,
and others. The biggest share in the worldwide market belongs to carotenoids,
which will capture a striking CAGR of 32.8%. Meanwhile, spirulina is showcasing
substantial growth and will attain a CAGR of 8.35% from 2020 to 2027.
The natural food color ingredients have key applications in
dairy products, beverages, bakery and confectionery, meat products, savory and
snacks, and many more. The beverages category will be thriving at a pace of
6.75% over the forecasted period.
Natural food color ingredients are available in different
forms, namely paste form, gel form, powder form, and liquid form.
Solubility-based segments are dyes and lakes.
Regional Study:
Europe presides over the worldwide market, given the strong
demand for nutraceuticals, especially in Germany, France and the UK. Demand for
Spirulina in the region is significantly high, thanks to the advances in
science and technology, surging healthcare costs and the changes in food laws
affecting product as well as label claims. Consumers’ heightened emphasis on
wellness and proper diet elevates the market’s growth rate as well.
Asia Pacific will prevail as a strong market in the next few
years, thanks to the fast economic growth, rising urbanization, and the booming
middle-class populace. The stunning growth in the product demand is the outcome
of the robust presence of numerous brands along with the rapidly developing
dietary supplement industry, in addition to the escalating malnutrition cases.
Surging government efforts to encourage the use of natural food color
ingredients and the surge in research activities to augment the application
scope should further favor the Asia Pacific industry.
Related Reports:
Sugar Confectionery Market: https://www.marketresearchfuture.com/reports/sugar-confectionery-market-5454
Flavored Milk Market: https://www.marketresearchfuture.com/reports/flavored-milk-market-5458
Phytonutrients Market: https://www.marketresearchfuture.com/reports/phytonutrients-market-5462
Flavored Water Market: https://www.marketresearchfuture.com/reports/flavored-water-market-5471
Food Acidulants Market: https://www.marketresearchfuture.com/reports/food-acidulants-market-5472
Vegetable Puree Market: https://www.marketresearchfuture.com/reports/vegetable-puree-market-5493
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