Food Colors Market size was valued at US$ 4.64 Bn. in 2022 and the total Food Colors revenue is expected to grow at 5.8% through 2023 to 2029, reaching nearly US$ 6.89 Bn.
Food Colors Market Overview:
Maximise Market Research’s study on the Food Colors Market provides a thorough examination of the market, covering its industrial environment, main players, evolving trends, and regional insights. The results are presented in a logical and understandable way, and the report is based on both primary and secondary research.
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Food Colors Market Scope:
The Food Colors Market is well covered by MMR’s study, which also identifies the top international players in the market according to variables like volume, value, market share, tactics, and industry growth. It is anticipated that the research will assist firms in strengthening their position in the industry and provide strategies for both new and established market entrants. Together with segmentation by type and end users, the research provides market revenue by area and country.
Food Colors Market Segmentation:
By Type, Because they are more readily available and less expensive than natural hues, synthetic colors dominated the market with 23 % share in 2022. Different kinds of artificial food colouring are used in foods and beverages to enhance its appeal, appetizingness, and attractiveness to customers. Due to numerous strict restrictions and regulations by various federal organisations, the demand for these synthetic chemical hues is expected to develop slowly over time.
On the other side, due to a high level of consumer preference for natural components, natural colours are epected to grow at CAGR of 9.67 % through the forecast period. The artificially produced food colours are identical to those found in nature and include the same chemicals. This sort of food colourant has a lower level of consumer awareness, which results in its moderate CAGR increase. For flavour and colour, caramel is frequently used in the production of candies. An important driving force behind the global market’s growth is consumer acceptance of different color variants.
By Source, Plants and Animal dominated the market with 43 % share in 2022. The increase in consumer awareness of natural colors is expected to create a demand for these plant and animal sources. There are various microorganisms as well which act as a natural food colorant and produce canthaxanthin, astaxanthin, phycocyanin, and others. Natural pigments are used for pharmaceutical purposes as well, as it is safe to consume. The cost of production and the usage of these natural sources colors are on the expensive side, which increases the value of these colorants.
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Food Colors Market Key Players:
1. Dohler Group
2. Archer Daniels Midland
3. Sensient
4. Ingredion, Inc.
5. Sensient Technologies
6. Kalsec, Inc
7. DDW, Inc.
8. Chr. Hansen
9. Koninklijke DSM NV
10.Naturex
11.DSM
12.Florio Colori
13.Lycored
14.The Colour House Corporation
15.Colourkitchen
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Regional Analysis:
The study focuses on North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa as the five key regions for the plastic punnets market. The bulk of the world’s consumption of plastic punnets is attributed to these regions.
Key Questions answered in the Food Colors Market are:
- What is Food Colors Market ?
- What is the forecast period of the Food Colors Market ?
- What is the competitive scenario of the Food Colors Market ?
- Which region held the largest market share in the Food Colors Market ?
- What are the opportunities for the Food Colors Market ?
- What are the restraining factors in the Food Colors Market ?
- Who are the key players of the Food Colors Market ?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Food Colors Market
- Landscape- Leading key players and other prominent key players.
- Price Trends
- Key Opinion Leaders Offerings
- Government Initiatives
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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