(Food-Beverage-News.Com, November 27, 2017 ) According to the report North America Food Colors Market, published by Market Data Forecast, the market is projected to be worth USD 1.03 billion growing at a CAGR of 7.61% during the forecast period 2017-2022.
Natural or synthetic colors are added to food products to make them look more appealing. They are widely used across food industries while natural colours are currently growing at a high rate as they are safer than the synthetic food colours.
North America Food Colors Market: Drivers & Restraints
Various government policies for the acceptance of food colors is driving the market growth. Rising development in colour selection to make red, blue and green colour used in the food and beverage industry is further fuelling the market growth. However, high cost of manufacturing is hampering the market growth.
North America has the leading market share in the global market owing to a large population and recent technological advancements. U.S.A is the regional market leader.
North America Food Colors Market: Key Players
The Food Colors market is highly competitive with a large number of players. Some of the major Companies are LycoRed, DD Williamson, Roha Dyechem, Sensient Technology Corporation (U.S.), Koninklijke DSM N.V. (Netherlands), Archer Daniels Midland Company (U.S.), Sethness Products, Fiorio Colori, Chr. Hansen S/A (Denmark), San-Ei Gen F.F.I. Inc., WILD, DSM, Naturex, Phytone, GNT Group. and FMC Corporation (U.S.).
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