Food Colorants Market Competitive Landscape and Growth by 2032

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Food Colorants Market Size to Cross USD 7 Bn by
2032
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Overview of Food Colorants Market

• The food colorants market is anticipated to grow
  considerably through 2032 owing to the increasing
  utilization of naturally derived food colorants.
  The budding popularity of natural food colorants
  due to increasing health consciousness among the
  elderly and young generations will drive the
  market progression. In addition, shifting
  preferences for plant-derived ingredients in
  packaged foods will enhance the industry
  proliferation.
• Market vendors operating in the space are growing
  their global presence and diversifying their
  product categories to gain a competitive
  advantage via acquisitions, mergers, and
  partnerships. To cite an instance, in November
  2021, Givaudan, a Swiss multinational
  manufacturer of flavors, fragrances, and active
  cosmetic ingredients, acquired DDW, the Color
  House, a US-based natural color company. The
  latest acquisition would enable Givaudan to
  become the second largest global player in the
  natural color industry.

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• The natural colorant source will demonstrate
  sturdy growth through 2032. The conventional
  sources for natural color additives are derived
  from plant extracts other sources such as
  algae, fungi, animals, and bacteria. The food
  colorants market players are constantly
  developing natural food colors to overcome the
  challenges faced by bakery confectionary
  manufacturers while providing a vibrant, bright,
  and light stable color in food products, which is
  anticipated to help the segment in the coming
  years.
• The synthetic food colors segment will also gain
  strong momentum during the estimated timeframe.
  Synthetic food colors are manufactured
  chemically they are also known as artificial
  food colors. Appealing appearance, a low price,
  an extended shelf life, stability, and easy
  availability are some of the key features slated
  to fuel product demand in the coming years.
• In addition, the increasing demand for artificial
  or synthetic colors such as green and blue for
  preparing alcoholic and non-alcoholic beverages
  is poised to augment the market's expansion over
  the projected timeframe.

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• The Asia Pacific food colorants industry is
  estimated to depict over 6.5 CAGR between
  2023-2032. Rapid urbanization, increasing
  disposable income, and changing lifestyles are
  slated to influence the regional outlook
  positively. Increasing consumption of processed
  food coupled with rising investments in the food
  beverages industry will drive the food
  colorants market across the region.
• Notable participants in the Food Colorants market
  include BASF SE, Cargill Incorporated,
  Koninklijke DSM N.V., ADM, FMC Corporation,
  Dupont, DDW The Color House, Hansen Holding A/S,
  Sensient Colors LLC, GNT Group, Dohler Group,
  Naturex, Lycored, Frutarom, San-Ei Gen F.F.I.,
  Inc, Sethnes Caramel Color, WILD Flavors and
  Specialty Ingredients Riken Vitamin Co. Ltd. 

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