Global Natural Colorants Market by Sources, Forms, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Natural Colorants Market is valued to reach USD 1624 Million by 2023, growing at CAGR of 5.8% over the forecast period 2020–2026. Key factors driving the market are increase in consumer awareness regarding the adverse effects of artificial colorants coupled with wide applications in food and beverage industry in baby foods, dairy products, snacks and confectioneries.

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Colorants is a key sector of the specialty chemical industry. Increasing demand from the high performance pigments application, recent developments in end-user industries, and rising inclination toward environment-friendly products are the primary factors driving the colorants market. Pigments and dyes are employed in various applications such as textile, paints & coatings, construction, plastics, and printing inks. Overcapacity across the globe, volatility in prices of raw materials, and concerns regarding its environmental hazards are factors restraining the market for colorants.

Market Trends, Drivers, Restraints, and Opportunities:

Increase in the demand for clean label ingredients is a key factor driving the growth of the global natural colorants market.
Rising awareness among consumers regarding the adverse effects of synthetic colorants is a key factor propelling the growth of the market.
High manufacturing costs and instability of natural colorants are major factors restraining the market growth.
Moreover, lack of awareness among undeveloped nations is resulting in a slow adoption rate.
Technological advancements in the food industry are expected to create new growth opportunities in the market.