COVID-19 Impact On Food Colorants Market Growth, Size, Share, Trends, Forecast To 2025

Market Overview

Global Food Colorants Market has witnessed continued growth over the last few years and is projected to grow by USD 1,805.6 Million from 2018 to 2025 at a CAGR of 5.4%. Food colorants are additives used in the production of food & beverages. Any dye, pigment, or substance that imparts color to food & beverages are termed as food colorants. They are used to increase the appeal of food and beverages and are derived from natural or synthetic sources. The global Food Colorants Market Growth is expected to register a notable growth rate during the forecast period owing to the rising demand for natural food colors and the growth of the application industries. Moreover, the focus on R&D with respect to product development and extraction technologies is creating profitable opportunities for the manufacturers. However, stringent regulations associated with food colors are restraining the growth of the market.

Segmental Analysis

The Global Food Colorants Market has been segmented on the basis of Type, Application, and Region.

Based on type, the global food colorants market has been segmented into natural and synthetic. The natural segment is projected to register the highest CAGR of 5.8% during the forecast period. The demand for natural food colorants has been increasing owing to the rising demand for clean-label products. The clean-label trend has evolved beyond ingredients to include food that is prepared using natural food additives. The increasing consumer awareness of health and wellness and demand for natural food colorants over synthetic counterparts are fueling the growth of the segment.

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Key Players

Market Research Future recognizes Chr. Hansen Holding A/S (Denmark), Archer Daniels Midland Company (US), Sensient Technologies Corporation (US), DDW The Color House (US), Döhler Group (Germany), Kalsec Inc. (US), Frutarom Industries Ltd (Israel), DSM (Netherlands), Naturex (France), and Kevin India Co (India) as the Key Players active in the Global Food Colorants Market.

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Regional Analysis

Geographically, the global food colorants market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, Europe dominated the market, accounting for the largest share of nearly 35% in 2018 and register a CAGR of 5.0% during the forecast period. Germany, France, and the UK are the key countries that are contributing to the market growth of the region. The high demand for food colorants in Europe can be attributed to the increasing consumption of bakery & confectionery products over the last few years.

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