The report is titled as ‘Natural Food Colors Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the natural food colors market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The natural food colors market is expected to grow at a significant rate in the near future.
The natural food colors market is estimated to reach at a value of US$ 2.6 Bn by the end of 2022 and expected to reach at a value of US$ 5.1 Bn by 2030 with a significant CAGR of 8.8%.
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Natural Food Colors Introduction
Food colors can be found in several different forms comprising powders, liquids, pastes, and gels. Food colors are employed both in domestic cooking as well as in commercial food production. Natural food colors are procured from naturally produced products, including vegetables, fruits, roots, seeds, and also from microorganisms which are every so often referenced as biocolours.
Natural Food Colors Market Dynamics
The swiftly growing trend of organic and natural products among the population, worldwide, is also positively influencing the global market of natural food colors as people are inclining towards natural food colors rather than synthetic food colors owing to its numerous health benefits. Such factors are certainly boosting the demand of natural food colors across the global markets, thereby the global natural food colors market is projected to grow significantly in the future years.
Although the extraction of natural food colors is a complex process, and thus the natural food colors are quite expensive when compared to synthetic food colors, which might hamper the growth of the global natural food colors market over the forecast period.
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Natural Food Colors Market Segmentation
The global natural food colors market is segmented on the basis of type, source, form, solubility, application and region. On the basis of type, the market is segmented into Carmine, Anthocyanins, Caramel, Annatto, Carotenoids, Chlorophyll, Spirulina, Turmeric, Beet, Others. The Carotenoids are further bifurcated into Beta-Carotene, Lutein, Lycopene, Canthaxanthin, Astaxanthin. Based on source, the market is divided into Plant, Mineral, Microorganism, and Animals. On the basis of the form, the market is segmented into liquid, powder, gel, emulsion, and manufacturer analysis. Further, on the basis of solubility, the market is segmented into water, dye and oil.
On the basis of application, the market is bifurcated into processed food products and beverages. The processed food products are further divided into Bakery, Snacks, and Cereal, Dairy, Confectionery, Meat, Poultry, and Seafood, Oil and Fats, Others. The beverages segment is divided into non-alcoholic beverages and alcoholic beverages. The non-alcoholic beverages are further divided into Carbonated Soft Drinks, Functional Drinks, Juice and Juice Concentrates, and Others.
Processed food products
Bakery, Snacks, and Cereal
Meat, Poultry, and Seafood
Oil and Fats
Carbonated Soft Drinks
Juice and Juice Concentrates
Natural Food Colors Market Key Players
The key participating players of the global natural food colors market include CHR Hansen Holding A/S, Koninklijke DSM N.V., Sensient Technologies Corporation, Archer Daniels Midland Company, Döhler Group, D.D. Williamson & Co., Inc, Naturex S.A., Aromata Group S.r.l, Kalsec Inc., FMC Corporation, BASF SE, Lycored Ltd., GNT Group b.v., San-Ei Gen F.F.I., Inc., Phinix International, Kolorjet Chemicals Pvt. Ltd., Vinayak Ingredients India Pvt. Ltd., IFC Solutions., and INCOLTEC among others.
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