GLOBAL NATURAL COLORANTS MARKET INDUSTRY ANALYSIS, GROWTH, SHARE, SIZE, TRENDS, AND FORECAST 2020 – 2026

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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.

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.