Food Colorants Market with Segmentation, Statistical Forecast and Competitive Analysis Report to 2024

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Food Colorants Market size to exceed 4.7bn by
2024
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Key Insights from Food Colorants Market

• Food Colorants Market size is estimated to exceed
  USD 4.7 billion by 2024 according to a new
  research report by Global Market Insights, Inc.
  Growing perception of color as a prelude to taste
  and nutrition will drive food colorants industry
  size. Increasing demand for natural coloring over
  synthetic based colors is expected to propel
  industry growth. Positive application outlook in
  edible products to compensate color changes that
  occur during processing and storage will further
  boost product adoption rate.
• Consumer buying preference has integrated visual
  appeal as a key factor along with taste and
  quality. As a response, several manufacturers
  have centered color as a marketing tool in their
  novel product launches to boost sales. Bakery
  confectionery companies are likely to create
  desired visual appeal using colorants to indicate
  the freshness and quality, thereby fostering food
  colorants market growth.
• Increasing favorable regulations on natural
  colors will provide positive business outlook for
  manufacturers. Natural additives enable the
  manufacturers to certify their product with a
  clean label. This enables them to tackle the
  demand arising from consumers who have an
  informed purchase decision. For instance, as per
  the GNT group, 66 of consumers worldwide check
  the label and contents of edible items before
  purchase.

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Continued...

• North America food colorants market demand for
  edible items is anticipated to exceed USD 1.4
  billion by 2024. Favorable regulations on natural
  colors and expansion in the bakery, meat
  poultry industry will drive the regional growth.
  For instance, FDA has classified natural color
  under exempt from certification category, which
  in turn, assists in achieving a clean label.
• Europe food colorants market outlook is
  characterized by the presence of key
  manufacturers such as BASF, DSM and CHR. Strong
  demand from both domestic and international
  markets for processed edible items will create
  lucrative opportunities for their product
  portfolio in the region. Rapid expansion of
  bakery confectionery in the region will provide
  positive business opportunities for these
  industry players.
• The global food colorants industry is moderately
  consolidated in nature. Major manufacturers such
  as BASF, DSM, CHR Hansen and Sensient
  Technologies account for more than 50 of the
  industry share. Other notable players include GNT
  group, DD Williamson, Naturex, Cargill, Sethness
  Products and LycoRED. Mergers acquisitions,
  product innovations and value chain integration
  are key strategies adopted by industry players to
  gain market share.

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North America Natural Colors Market, By
Application, 2017 2024, (USD Million)

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