Blended Food Color Market: Introduction:
Blended Food Color are derived from mixing different primary as well as secondary colors either independently or with one another. Most of the blended food colors are available in more hue and color options. There are specifically three types of blended food colors i.e. regular blended colors, tailor made blended colors and lake blended food colors. The lake blended food colors are basically pigments that are made by the dispersion of colors having different concentrations. Blended food colors have several key features like it is soluble in water as well as oil making it possible to be mixed with vegetable fats and oils. They are adoptable in nature which is attributed to inert absorption compounds.
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Blended Food Color Market: Segmentation:
Blended Food Color market can be segmented into Grade, Type, Package, Functions and Applications.
On the basis of Grade, Blended Food Color is segmented into cosmetic grade, food grade and pharmaceutical grade. Due to wide range application of blended food color in the food industry, food grade is expected to grow at a faster rate in terms of value sales.
On the basis of types, Blended Food Color is segmented into regular blended colors, tailor made blended colors and lake blended food colors. Manufacturers look out for blended food color which suits its food products being produced as a result every manufacturers have several specifications and requirements accordingly. Hence the value share for tailor made blended colors is being expected to be higher as compared to other blended food color types.
On the basis of functions, Blended Food Color is segmented into coloring agent and flavoring agent. Blended as coloring agent is being used in large scale in the food industry. Owing to its large scale application, the value sales of blended food color as coloring agent is being anticipated to be higher.
On the basis of packaging, Blended Food color is segmented into corrugated box and drum/bags. Since the manufacturers purchase the product in large volume, the packaging format of drum is expected to grow at a significant rate in terms of volume sales over the forecast period.
On the basis of application, Blended Food Color is segmented into food & beverages industry, pharmaceutical and cosmetic industry. Food Industry is further sub segmented into confectionery, bakery goods, jams & jellies, squash, soft drink, dairy products and others. Similarly cosmetic industry is further segmented into body lotion and hair dye. Owing to wide range of application of blended food color in the production of various food products, the value sales for food industry is being expected to be higher in the forecast period.
Blended Food Color Market: Regional Outlook:
The global Blended Food Color market has been categorized into seven key regions including North America and Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. The global food and beverages market is estimated to grow from US$ 13.9 trillion in 2016 to US$ 16 trillion by 2020 representing an annual growth rate of 3.6%. The U.S. food and beverages industry is growing at a steady pace. Moreover growing wellness trends across Brazil has elevated per capita consumption of flavored and functional water. Europe is being considered as the major market in global bakery industry. Owing to the fact, blended food colors being used as one of the prime ingredients in most of the flavored beverages and food products, North America and Europe is being expected to grow at a significant rate in global blended food color market.
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Blended Food Color Market: Demand Driver:
Blended Food colors are available is several prominent colors such as Strawberry, Rose Pink, Raspberry, Chocolate Brown, Dark Chocolate, Black current and several others. Consumers having food products such as frozen desserts, bakery products have higher preference for chocolate, strawberry flavors. As result, the manufacturers come up with products which are oriented with such flavors. Hence, the rising demand for flavored food products helps drive the demand for blended food colors.
Blended Food Color Market: Key Players:
Some of the key players in this market are Sun Food Tech, Rexza Colors & Chemicals, Exim India Corporation, Preema International Ltd, Ornua Nutrition Ingredients UK Limited and others.