Market Research Report
Global Natural Food Colorants Market - 2019-2026
|Published by||DataM Intelligence||Product code||834563|
|Published||Content info||130-180 Pages
Delivery time: 1-2 business days
|Global Natural Food Colorants Market - 2019-2026|
|Published: April 1, 2019||Content info: 130-180 Pages||
The global natural food colorants market was worth the US $XX billion in 2018 and is expected to reach US $XX billion by 2026, at a CAGR ranging from 5.5-6.5% during the forecast period.
Natural food colors are derived from a wide range of sources such as vegetables, fruits, plants, minerals, and other edible natural sources. They impart color when added to food or beverages. Food colorants are commonly used in commercial food production as well as domestic cooking to enhance color and taste of both possessed or cooked food. The food color can influence perceived flavor in anything from candy to wine. Demand for natural food colors is gaining traction in recent years especially due to shifting consumer preference for natural products over artificial coloring agents Increasing consumer awareness about the benefits of natural ingredients over harmful artificial products is expected to augment product demand in near future. Benefits of natural food colors over artificial coloring agents is anticipated to augment the demand for natural foods colors across all the end-user industries in the forecast period.
Growing end-user industries such as food & beverages, pharmaceuticals, cosmetics, and others are is of the major factors driving the global natural food colorants market. Natural colors are free from genetically modified organisms (GMO) and allergens and thus holds high product safety index as compared to artificial additives. Besides, the usage of these products allows vendors to meet strict regulatory standards regarding allowable elements in consumables. Thus, growth in food & beverage industry is expected to propel the global natural food colorants market growth. For instance, according to the United Nations Organization, the revenue of food & beverages segment amounts to $95,277 million in 2018 which grew by approximately 11% from 2017. Rapidly rising F&B industry is will raise the market demand for natural food colorants such carotenoids, curcumin, anthocyanin, and carmine.
However, the key restraining factor limiting the demand for natural food colorants is higher prices as compared to synthetic or artificial colors.
Based on the application the global natural food colorants market is broadly segmented as food & beverages, pharmaceuticals cosmetics, home crafts, and others. Food & beverage segment accounted for major market share and is expected to grow at a high CAGR of XX% during the forecast period. It is due to the application of natural food colors in wide-varieties of food industry such as soft drinks, bakery and confectionery, dairy products and others. Rising population across the globe sequentially increase the demand for healthy food with minimal synthetic ingredients. Rising preferences towards health and nature-derived food ingredients are likely to pave the market of natural food colors. For instance, according to Small Business Development Centers (SBDC) the US bakery products industry includes more than 2,800 commercial bakeries with combined annual revenue of about $30 billion, along with about 6,700 retail bakeries with a yearly income of about $3 billion. Thus, growth in the food industry is driving the global natural food colorants market.
The global Natural Food Colorants market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific region accounted for major market share and is predicted to grow at a high CAGR of XX% during the forecast period. The market of Asia-Pacific is mainly increased by the rapid expansion of food industries owing to urbanization along with rising population across the region. Also, growing concern towards health along with increasing disposable income are swelling the demand for natural food colorants in this region.
Significant players of the global natural flavors market are GNT International, ITC Colours, Chr. Hansen, Kalsec, Naturex, Sensient Flavors, Dohler Group, Diana Naturals SAS, and others. Majority of these prominent players are adopting few organic and inorganic strategies such as product launches, collaboration, and product agreements, and other key developments to enhance their product portfolio in the global natural food colorants market.
In November 2018, Diana Food launched its new facility, an ultramodern chicken processing plant in Banks County, Georgia, US. In November 2017, Chr. Hansen pushed back the boundaries of 'natural' ingredients by expanding its range of coloring foodstuff, helping food & beverage manufacturers in taking clear labels to the next level.