(Food-Beverage-News.Com, January 23, 2018 ) The Asia-Pacific Food Colors Market was worth $621.4 million in 2016 and estimated to be growing at a CAGR of 8.9%, to reach $951.72 million by 2021. Asia-Pacific is expected to see a high CAGR largely attributed to increasing economies and growing consumption of processed foods. Food Colors are used by the food and beverages industry to mend the color of the food which is vanished while treating the food. As prevalent as it may be, but, it has continuously been pierced with disagreement mainly with regards to health and safety.
In the Asian countries market, the standing of food products is based on suitability, fitness, and value for money. Their earnings have gradually improved over a number of decades, which is why the spending on food and food colors has also augmented. Hence, the food color market has grown. The cost to produce synthetic colors is relatively lesser than that of natural colors and is sold at economical prices that rise the consumers preference while they buy the same. The strict food standards guideline by FDA and different regulatory bodies is acting as a restraint for this market.
Asia-Pacific Food Colors market is segmented by type into Natural colors, synthetic colors and nature-identical. Natural colors are sub-segmented into Anthocyanins, Carotenoids and Caramel. Synthetic colors are also sub divided into Red, Yellow, Blue and Green. Based on application the market is bifurcated into Beverages, Bakery and Confectionery, Dairy and Meat. On the basis of form food colors market is segregated into Liquid, Liquid Gel, Gel Paste and Powder. The market id divided among Dyes and Lakes based on solubility. The dyes segment is likely to be the biggest and fastest growing segment during the forecast period.
Geographically the market is segmented into China, India, Japan, South Korea and Australia. The Asia Pacific food colorants market is led by Australia, followed by Japan and China.
Various companies are contributing for this market such as LycoRed, DD Williamson, Archer Daniels Midland Company (U.S.), Sethness Products, Fiorio Colori, Chr. Hansen S/A (Denmark), Roha Dyechem, Sensient Technology Corporation (U.S.), Koninklijke DSM N.V. (Netherlands), San-Ei Gen F.F.I. Inc., WILD, DSM, Naturex, Phytone, GNT Group. and FMC Corporation (U.S.).
Market Segmentation 1) By Type Natural Colors Anthocyanins Carotenoids Caramel Synthetic Colors Red Yellow Blue Green Nature-Identical
2) By Application Beverages Bakery and Confectionery Dairy Meat
3) By From Liquid Liquid Gel Gel Paste Powder
Reasons to buy Asia-Pacific Food Colors Market Research Report: Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of By Type, Application, From and Solubility along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the Asia-Pacific market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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