The Natural food colors market is expected to grow from USD 4.41 billion in 2019 to USD 5.68 billion by 2027 and registering with a CAGR of 6.1% during the projected period.
Lately, the demand for natural food colours is experiencing an upward trend due to apparent reluctance of consumers regarding synthetic and chemical-based products. This advancement is an opportunity for Natural Food Colors Market players substantially concentrating on natural sources of colours, whereas synthetic colour manufacturers are striving to switch and accomplish the latest demands.
During the projected period, the natural food colours market is expected to be driven by the burgeoning food & beverage industry in BRICS in view of the enhanced domestic consumption. In the forthcoming years, the growth of natural food colours market is anticipated to be influenced by the rising requirement for convenience foods owing to the increasing consumer knowledge in terms of products with an exotic and classical taste.
The natural food colors market comprises of the top players like Naturex S.A., Archer Daniels Midlands, Sensient Technologies Corporation, Kalsec Inc., Aakash Chemicals and Dyestuffs, Australian Food Ingredient Suppliers (AFIS), Adama Agricultural Solutions Ltd. (LycoRed), GNT International BV (Exberry), McCormick & Company, Dohler GmbH, Chr. Hansen Holding A/S, ROHA Dyechem Pvt. Ltd. (JJT Group), San- Ei Gen F.F.I Inc., DD Williamson, Royal DSM N.V., International Flavors and Fragrances, FMC Corporation and others.
Asia Pacific region is dominating in terms of growth of the natural food colours market, followed by China looming as the biggest exporter. Faster consumption of natural food colours in new product advancement can be associated to widespread of food safety scandals in the region. In North America, with enactment of stringent rules to restrict the usage of harmful synthetic colours containing lead, arsenic, and mercury, results in emergence of natural food colours. In North America, prolonged endeavour of confectionery brands to curtail all artificial colours from their product portfolio will contribute to the benefit of Natural Food Colors Market players.
Natural Food Colors Market Key Market Segments:
• Product Outlook (Volume, Tons; Revenue, USD Million; 2020 - 2027)
o Red 40/Allura Red
o Yellow No. 5
o Yellow No. 6
o Beta Carotene
o Other Mixed Carotene
o Titanium Dioxide
Application Outlook (Volume, Tons; Revenue, USD Million; 2020 - 2027)
• Dairy Food
• Non-Dairy Food
• CSD & Non-alcoholic Beverages
• Alcoholic Beverages
Regional Outlook (Volume, Tons; Revenue, USD Million; 2020 - 2027)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa
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