The Food Colors Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Food Colors Market:
https://www.thebusinessresearchcompany.com/report/food-colors-global-market-report
According to The Business Research Company’s Food Colors Global Market Report 2024, The food colors market size has grown strongly in recent years. It will grow from $3.45 billion in 2023 to $3.73 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to increased demand for processed and convenience foods, growth in awareness of food presentation and aesthetics, expansion of the food and beverage industry globally, need for differentiation and branding in food products, regulatory approval and safe usage of food colors, demand for natural and clean label food coloring solutions.
The food colors market size is expected to see strong growth in the next few years. It will grow to $5.1 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to adoption of exotic and unique food color varieties, emphasis on eco-friendly and sustainable food coloring ingredients, research and development in plant-based and botanical food colors, demand for food colors in nutraceutical and dietary supplement applications, expansion of food colors in confectionery and baking industries, growing interest in customized and specialty food coloring solutions. Major trends in the forecast period include anthocyanins and superfood colors, coloring foods and concentrated extracts, microencapsulation of sensitive colors, personalization and custom blends, emulsion-based coloring systems.
Increasing demand from the food and beverage industry is expected to drive the growth of the food colors market in the coming years. The food and beverage sector encompasses all businesses engaged in the production, packaging, and distribution of raw food materials. This includes both fresh and processed foods, as well as alcoholic and non – alcoholic drinks. Food colors are added to foods and beverages to preserve their original color and texture, which can be lost during cooking and preparation due to a variety of chemical and physical processes. For instance, in March 2022, according to the Australian Bureau of Statistics report, an Australia-based independent statutory agency for statistical collection and analysis, approximately 14.7 million tonnes of food and non-alcoholic beverages were sold from grocery stores, supermarkets, convenience stores, food stores, and fresh food markets across that Australia in the year 2020-2021, which represents 1.4% increased as compared to the previous year. Therefore, the increasing demand from the food and beverage industry is significantly driving the growth of the food colors market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=5418&type=smp
The food colors market covered in this report is segmented –
1) By Type: Natural, Synthetic, Nature Identical
2) By Form: Liquid, Powder, Gel
3) By Application: Dairy, Meat Products, Beverages, Bakery And Confectionery, Processed Food And Vegetables, Oils And Fats, Other Applications
Increasing investments in technological advancements are shaping the food colors market. Major companies operating in the food colors sector are focused on investing in food coloring technology to meet consumer demand. For example, in October 2022, International Flavors and Fragnances (IFF) opened a new Singapore Innovation Centre, the first in its global network of research, creative and application centers to integrate the technologies, capabilities and expertise of all four business divisions such as nourish, health & biosciences, scent and pharma solutions.
The food colors market report table of contents includes:
- Executive Summary
- Food Colors Market Characteristics
- Food Colors Market Trends And Strategies
- Food Colors Market – Macro Economic Scenario
- Global Food Colors Market Size and Growth
.
.
.
- Global Food Colors Market Competitive Benchmarking
- Global Food Colors Market Competitive Dashboard
- Key Mergers And Acquisitions In The Food Colors Market
- Food Colors Market Future Outlook and Potential Analysis
- Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
