PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1395026
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1395026
Global Natural Food Colors Market will grow at a 6.5% CAGR from 2023 to 2032 due to the convergence of health and wellness trends in shaping dietary preferences and the continuous expansion of the food and beverage industry. Consumers increasingly prioritize clean-label options, prompting a surge in demand for natural food colors. As the industry responds to these preferences, the market experiences significant momentum, with health-conscious choices and the dynamic growth of the food and beverage sector collectively propelling the size and significance of this industry.
Organizations are actively moving towards introducing products with clean-label attributes formulated from fruits and natural ingredients. For instance, in 2021, Divi's Nutraceuticals introduced CaroNat, a naturally derived food ingredient made from carrot juice beta-carotene designed for imparting dark yellow to orange hues to diverse food and beverage products, including those in the dairy industry.
The natural food colors industry is categorized based on form, application, and region.
The industry size from the powder form segment will capture a notable natural food colors market share by 2032, driven by the versatility and ease of incorporation of powdered natural colors in a wide array of food and beverage products. As consumers seek visually appealing and clean-label options, the powdered form provides manufacturers with flexibility in applications. With its convenience and compatibility, the powder form will emerge as a pivotal contributor, shaping the natural food colors market outlook.
The snacks and convenience foods segment will garner significant gains through 2032, fueled by shifting consumer preferences towards healthier snack options and clean-label products. As the demand for natural food colors intensifies, manufacturers in the snack and convenience food sectors are increasingly incorporating these ingredients to meet consumer expectations for natural and visually appealing products. This trend will position snacks and convenience foods as a significant driver, stimulating the market landscape.
Asia-Pacific natural food colors industry will register a remarkable CAGR from 2023 to 2032, attributed to the region's rising consumer awareness of health and wellness, propelling the demand for natural and clean-label products. The food and beverage industry's emphasis on replacing synthetic additives with natural alternatives further fuels this trend. With a burgeoning population and evolving dietary preferences, Asia-Pacific will stand at the forefront, shaping the trajectory and commanding a significant market share.