Food Color Market Research Report - Forecast till 2030

Food Color Market Research Report: Information by Source (Natural and Synthetic), Application (Bakery & Confectionery, Dairy & Frozen Desserts, Beverages, Sweet & Savory Snacks, Meat Products and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2030

ID: MRFR/F-B & N/1952-HCR | December 2022 | Region: Global | 164 Pages         

Food Color Market

The Food Color Market is projected to reach approximately USD 6.18 billion by 2030 and is expected to register 4.93% CAGR during the forecast period, 2022–2030.

Segmentation

By Source Natural Synthetic
By Application Bakery & Confectionery Dairy & Frozen Desserts Beverages Sweet & Savory Snacks Meat Products
By Region North America Europe Asia-Pacific Rest of the World

Key Players

  • ADM (US)
  • Lycored (Israel)
  • International Flavors & Fragrances Inc. (US)
  • DDW (US)
  • Döhler Group (Germany)
  • Florio Colori (Italy)
  • Sensient Technologies Corporation (US)
  • DSM (Netherlands)
  • Naturex (France)
  • Kalsec Inc. (US)

Drivers

  • Increasing consumer awareness regarding the use of clean-label products
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Food Color Market Overview


The Food Color Market is projected to reach approximately USD 6.18 billion by 2030 and is expected to register 4.93% CAGR during the forecast period, 2022-2030. The market had reached a final market value worth USD 4.3 billion during the historic forecast period before the pandemic hit in 2020. During the current period, owing to the rising trends and demands, the food color market is expecting to grow and reach a final market value worth USD 6.18 billion by the end of the forecast period. The market players and manufacturers are witnessing a huge increase in the demand for using natural food colors and since the arrival of the coronavirus pandemic in 2021, there has been a major change in the demand patterns of the target audience that drives the global market growth.


Covid 19 Analysis of Food Color Market


The pandemic has opened the doors for various struggles and challenges for businesses, and their production and manufacturing units. The positivity rate of the obnoxious spread of the pandemic is a major concern for the market players that aim to expand their scale of operations during the ongoing forecast period. The pandemic has been declared as a public healthcare emergency by the WHO and to curb the community spread of the positive cases of the coronavirus disease, the global governments have imposed strict lockdowns and other regulations like social distancing and restricted work hours that is impacting the ability of the market players to meet the management and flow of the supply chain mechanism. There have been huge losses faced by the food color market players that have impacted their regional and international sales.


The global governments are recognizing the need for the development of the food color market operations on a large scale and hence, are increasing their investment for researching and developing new products and further, carry out their launch on a large scale. The joint ventures and mergers will help food color market cater to the vibrant needs of the international target audience and hence, create opportunities that will help the market players to dwell upon during the forecast period. The main aim of the rising investments is to help the regional locations develop and enhance the global competitive degree during the period.


Market Dynamics


Drivers


One of the major market trends that are likely to help the market producers and manufacturers dwell upon is the increasing consumer awareness regarding the use of clean-label products. Also, certain natural food colors provide additional benefits and the availability of correct information regarding the same will help the food color market with great demand drivers during the forecast period.The natural food colors belong to a natural origin and the market players are appealing to the target audience regarding the use of these products that are considered safe to use. Also, using these products reduces the risk of contracting allergies and intolerance amongst the consumers especially during the forecast period.


Restraints


Many governmental and federal bodies are coming up with regulations of various kinds that bar the use of color in food applications. This fact is likely to present restraints to the food color market operations during its expected period. In the US market, which is a part of the North American region, FDA holds and plays an important role in the regulation of food additives that ultimately reach the consumers. The regulation is regarding the use of synthetic colors in food and beverages. The advent of these regulations has resulted in the development of restrictions regarding the global demand for food colors during the ongoing forecast period.


Technology Analysis


The manufacturers and producers of food colors are witnessing the emergence of significant opportunities, especially in the APAC alongside the South American regions. The local operations that are on the way in these countries are resulting in the reduction of costs, and further, improving the access enjoyed by the local networks indulged in the distribution processes. The result of this is an excellent use of the technological advancements and optimization of the profits margins earned across the food color market worldwide. The ready availability of resources and labor at cheaper and affordable rates promises an excellent run of demand and market equilibrium during the forecast period.


Study Objectives



  • To study the effects of the outbreak of the coronavirus disease and further, understand the development of the market dynamics like the drivers, opportunities, and restraints. These have a role to make a difference to projection related to the growth quantum by the industry leaders and food color market experts.

  • To analyze the growing trends of the market in the global locations based on the ability of the market segments to cater to the demands of the target audience that are divided into these regions. Also, to understand the revenue potential of the segments to make a difference to the final market value by the end of the period.

  • To study the growing degree of competition amongst the market players that will lead the food color market towards the predicted growth during the period. Also, the report aims to discuss the recent developments undertaken by the players that will help them emerge as dominant players in the regional and international market.


Segment Overview


The food color market analysis shows that the market segments have an excellent potential to help the operations expand and reach the projected market value by the industry experts and leaders for the forecast period. The market has been segmented based on the following:


Based on the type


This market segment includes both natural and synthetic food colors.


Based on the market application


The application segment of food color market includes food products and beverages. Food products are inclusive of oils and fats, dairy products, and others like bakery and confectionery products.


Based on the form


The food color materials are available in 3 forms that are liquid, powder, and gel.


Based on the solubility


The solubility segment of the market includes both dyes and lakes.


Regional Analysis


Based on the prevailing market trends and the distribution of resources and raw materials, the food color market has been segmented into 5 major regions. Out of these, the market operations are likely to undergo maximum growth in the European region and associated countries. Countries like Denmark and Netherlands are reflecting major potential as they have an abundance of raw materials that will help the market operations and trends soar high in the European region. Also, there is a high degree of awareness regarding the consumption of healthy foods and enhancement of nutrition levels in the body that will help the market witness excellent growth.


Competitive Landscape


To understand the rising degree of competition, it is important to have an idea about the prominent market players. They are as follows:



  • ADM (US)

  • Lycored (Israel)

  • International Flavors & Fragrances Inc. (US)

  • DDW (US)

  • Döhler Group (Germany)

  • Florio Colori (Italy)

  • Sensient Technologies Corporation (US)

  • DSM (Netherlands)

  • Naturex (France)

  • Kalsec Inc. (US)


Recent Developments



  • An agreement was signed by International Flavors and Fragrances Inc. with a company from Israel - Frutarom in May 2021. The aim behind the rise of this agreement is that it will enhance the food color market hold of IFF and strengthen its presence in terms of providing a better taste and scent of products for the target audience. The company offers both natural and artificial food colors and the Israel company enjoys the global manufacturing of these products.

  • A new extraction lane related to Naturex’s spirulina production was launch by the company in March 2021. By introducing such product lanes at an international scale, the company aims to enhance its production capacity. Also, this is a major step towards the expansion of the market’s capacity to meet the growing demands of the global audience and play a recognized role in catering to the demand for clean label blues and greens.

  • The European countries like France, Italy, and Spain, amongst others, are expecting to grow as the largest regions that have these food color industries functioning. The main reason behind the same is the gradual shift of the market players in these regions and the rising support in the form of resources and investment for better production and availability of the demanded products and market services especially during the forecast period.


Report Overview


The main aim of the report is to highlight the market trends that will help the market investors and buyers take reliable investment decisions. The report discusses the prevalent market trends and the expected performance of the food color market segments in the global regions. The report also discusses the role of the market players and their recent developments during the period that will help the market record excellent sales and hence, grow as per the predictions.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 6.18 Billion
  CAGR   4.93%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Source, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   ADM (US), Lycored (Israel), International Flavors & Fragrances Inc. (US), DDW (US), Döhler Group (Germany), Florio Colori (Italy), Sensient Technologies Corporation (US), DSM (Netherlands), Naturex (France), and Kalsec Inc. (US)
  Key Market Opportunities   Increase in the demand for using natural food colors
  Key Market Drivers   Increasing consumer awareness regarding the use of clean-label products


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Frequently Asked Questions (FAQ) :

Food color market is touted to touch a valuation of USD 6.18 billion by 2030.

Food color market is predicted to exhibit 4.93% CAGR from 2022 to 2030.

ADM (US), Lycored (Israel), International Flavors & Fragrances Inc. (US), DDW (US), Döhler Group (Germany), Florio Colori (Italy), Sensient Technologies Corporation (US), DSM (Netherlands), Naturex (France), and Kalsec Inc. (US) are some of the major key players of the global food color industry.

Food color market growth can be impeded by strict regulations.

Food color market is driven by the need for natural food colors as opposed to synthetically-derived colors.