(Food-Beverage-News.Com, February 16, 2018 ) The Global Food Colors Market was worth $2390 million in 2016 and estimated to be growing at a CAGR of 8.2%, to reach $3544.33 million by 2021. Natural food colors and synthetic colors are ever more used as ingredients in newly launched food and beverages.
Food colors are a significant part of the food additives market. Food colors are frequently used in foods and beverages to give them a preferred shade of color and enhance their visual observation. Color impacts consumers not only on the conscious level but also on the subliminal level. Color and food combinations can be particularly powerful by leveraging the sensitive connection to taste.
Global Food colors market is anticipated observe high demand for food manifestation improvement as they are taken from sources such as including mineral, animal and vegetables. These are used after processing of foods, beverages and drugs in order to retain color to the product for better appeal. Growing consumer inclination towards nature derived food ingredients due to increasing awareness about side effects of synthetic colors is expected to shift the market towards natural food colors. Side effects associated with few coloring agents are hampering the market growth.
Global 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 North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. North America region dominates the market with highest number of shares. The market for food colors in the Asia-Pacific region is expected to grow at the highest CAGR. This can be credited to the higher level of production in the countries such as Australia 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
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