The natural food colors market refers to the industry that produces and supplies colors derived from natural sources for use in food and beverage products. These natural food colors come from various plant, animal and mineral sources and are used to improve the appearance and visual appeal of foods and beverages.
Natural food colors include pigments, dyes or other substances extracted from animals, plants or minerals, which are used to impart color to various food products. Turmeric, beetroot and grass are recognized as being among the main origins of these natural food colors.
According to Future Market Insights (FMI), the natural food colors market is expected to reach a valuation of US$ 1.7 billionmillions in 2023. From 2023 to 2033, a solid 7.2% The CAGR is likely to propel the market towards a valuation of US$ 3.3 billion in 2033.
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Color has a profound impact on how people perceive food. It is considered the most important product-intrinsic sensory signal when it comes to influencing people’s judgments of the likely flavor and taste of foods and drinks.
Coloring substances were initially produced in domestic kitchens from locally grown plants or already existing natural sources. Due to the industrialization of food production, food colors that were reliable in all production batches and stable throughout the shelf life of the products were required.
Recent years have seen rapid expansion across a wide range of industries, driven by the global economy’s embrace of digitalization. Due to the increasing use of the Internet by consumers and the ease of online transactions, several producers of natural food colors are choosing online channels for the promotion and sale of their products. Consumers are also favoring purchases from online retailers, which encourages businesses to strengthen their online presence.
Key points to remember from Natural food colors Market research
- The global natural food color market is likely to be valued at 1.7 billion US dollars in 2023.
- A positive 2% CAGR is expected to drive market acceleration from 2023 to 2033.
- In 2033, FMI expects the global market to reach a valuation of 3.3 billion US dollars.
- The US market is expected to become the most dominant force in North America between 2023 and 2033.
- In Asia, countries like China, India and Japan are expected to make significant contributions and propel the global market.
“The only relevant challenge that market players need to overcome is the price of natural food colors. Currently, natural food colors are more expensive than synthetic variants. However, in the years to come, increased investments in research and development should enable players to offer consumers products at competitive prices. », Declares an IMF analyst.
Due to the growing demand for natural food colors, several major manufacturers are working to offer them at the best possible price. To increase their market share and manufacturing capacity while expanding their industrial footprint, companies are relying on integrated production methods. The main producers of natural food colors are investing in the use of several raw materials in order to be able to diversify their production.
Major players operating in the natural food colors market are Archer Daniels Midland, Sensient Technologies Corporation, Döhler GmbH, Symrise AG, Naturex SA, Kalsec Inc., DDW The Color House Corporation, Chr. Hansen Holding A/S, McCormick & Company, Aakash Chemicals and Dyestuffs, San-Ei Gen F.FI Inc., ROHA Dyechem Pvt. (JJT Group), GNT International BV (EXBERRY), Adama Agricultural Solutions Ltd. (LycoRed) and AFIS (Australian Food Ingredient Providers).
Get valuable insights into Natural food colors Walk
Future Market Insights, in its new offering, provides an unbiased analysis of the natural food colors market, presenting historical demand data (2018 to 2022) and forecast statistics for the period 2023 to 2033. The study discloses insights convincing arguments about natural food colorings. market based on pigment type (carotenoid, curcumin, anthocyanin, paprika extract, spirulina extract, chlorophyll, carmine) and functionality (dairy products, beverages, packaged food/frozen products, confectionery and bakery products) in seven regions.
About Future Market Insights Food and Beverage Division
Expert analysis, actionable insights, and strategic recommendations: Future Market Insights’ food and beverage team helps clients around the world meet their unique business intelligence needs. With a repository of over 1,000 reports and over a million data points, the team has insightfully analyzed the food and beverage industry in over 50 countries for over a decade. The team provides end-to-end research and consulting services; contact us to find out how we can help you.
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Natural Food Colors Market by Category
By pigment type:
- Beta carotene
- Paprika extract
- Spirulina extract
- Dairy products
- Packaged Foods/Frozen Products
- Confectionery and bakery products
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR Certified, Stevie Award Recipient and Member of the Greater New York Chamber of Commerce) provides in-depth insight into the driving factors driving market demand. FMI is the leading global provider of market intelligence, advisory services, advisory services and events to the packaging, food and beverage, consumer technology, healthcare, industry and chemicals. With an extensive team of more than 5,000 analysts worldwide, FMI provides global, regional and local expertise on diverse areas and industry trends in more than 110 countries.
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