Food Colors Market, By Type (Naturally-identical, Natural Synthetic), By Source (Plants and Animals, Chemicals, Others), By Application (Processed Food Products, Beverages, Others), By Region Analysis - Global Analysis and Industry Forecast Report Till 2030.

Food Colors Market is predicted to grow from $4 billion in 2021 to $6 billion by 2030, at a CAGR of 4 % during the forecast period.

A food color is a dye, pigment, or other additives that is used to alter the color of food or beverages. Food is improved in terms of presentation, appeal, delicacy, and educational value. The color of the processed or prepared food is enhanced or altered by the addition of a chemical or any other natural substance. It is a substance designed for use with food that has received government agency approval.

They take the shape of a lake hue or a dye. Dyes colors are made of either powders, liquids, granules, or others dissolved with water or liquids during food processing. The most popular type of food coloring used in households to change food preparation's color is a dye. For instance, oils are used in the production of items dependent on fat, such as cake mixes, candies, and chewing gum.                                                                                    

Natural coloring can also be used to color food, and it doesn't need to be approved by the Food and Drug Administration. When berries, grapes, or the juice of fruits are added to beverages for sweets and sauces, natural coloring is used. This increases consumer demand for the product and propels the growth of the global food colors market.

Market Dynamics:

Drivers:

The consumption of processed and packaged food products is a result of modernization and the increase in the number of working professionals. The use of diverse food colors has increased as a result of the rise in consumption of processed food items such as ready-to-eat snacks, soft drinks, convenience foods, and others. To give processed food and beverages a pleasing appearance, these hues are combined and blended. The consumer appeal of food products is just as crucial to the materials used in their creation as the consumer appeal it generates.

The employment of these colors varies from product to product. Compared to food goods, soft drinks, and carbonated beverages generally use more colorants. In the upcoming years, a rapid expansion of the food color business will be made possible by the increased use of soft drinks in emerging nations. This will help boost the food colors market.

Restraints:

Artificial food coloring contains allergens and carcinogens. The federation of several countries has established many strict measures to combat this. Artificial hues like red 40, yellow 6, and yellow 5 have been found to contain dangerous carcinogens that, if consumed frequently, might cause cancer. A common coloring agent in soft drinks, caffeine, may induce heart issues like palpitations. These factors are restraining the growth of the food colors market.

Opportunities:

The need for artificial food coloring is falling as customers become more health-conscious. Food producers are continuously searching for novel ways to extract colors from alternative natural sources due to the harm that these colors due to human health. Untapped raw material resources that abide by regulatory requirements, including beta-carotene from algae and cabbage, present prospects for the market expansion of food colors. With a focus on providing new sources of food colors, intercropping of existing crops with coloring crops is propelling the growth of the food colors market.

Key Players:

• AromataGroup SRL

• Givaudan

• Kalsec, Inc.

• Archer Daniels Midland Company

• Chr. Hansen A/S, D.D. Williamson & Co. Inc.

• Dohler Group, International Flavors & Fragrances

• Koninklijke DSM N.V.

• Sensient Technologies Corporation

• Symrise AG

• Naturex

• DDW, Inc.

• Ingredion, Inc.

• BioconColors

• ROHA ( A JJT Group Company)

• GNT International B.V.

Market Segmentation:

Food Colors Market, By Type

• Natural

• Synthetic

• Naturally-identical

Food Colors Market, By Source

• Plants and Animals

• Chemicals

• Others

• Processed Food Products

• Beverages

• Others

Food Colors Market, By Region

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa

Regional Analysis:

Europe's robust bakery and confectionary industry and rising consumer demand are anticipated to positively affect market growth in the area. Furthermore, the market for natural food colors in Europe is anticipated to grow as a result of strict restrictions governing the use of artificial food colors.

The Asia-Pacific region is projected to show significant growth during the forecast period. Due to the region's dense population and increased consumption of ready-to-eat foods, there is a demand for these hues. The increase in the region's working population is a significant factor in the expansion of food colors market.

Scope of the Report:

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