Food Colorants Market Size By Type, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023

Description

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.

Overall, the food colorants industry is segmented in terms of product and region.

Based on the product, 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 industry 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.

By product, 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.

In terms of regional perspective, 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.

Product Code: 2150

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimate & calculations
1.3 Forecast calculations
- 1.3.1 COVID-19 impact analysis
  - 1.3.1.1 North America
  - 1.3.1.2 Europe
  - 1.3.1.3 Asia Pacific
  - 1.3.1.4 Latin America
  - 1.3.1.5 Middle East & Africa
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Data mining sources
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Food colorants market analysis 360 degree synopsis, 2018-2032
- 2.1.1 Business trends
  - 2.1.1.1 Global Food colorants market estimates & forecast, 2018-2032, (Kilo Tons) (USD Million)
- 2.1.2 Type trends
  - 2.1.2.1 Global food colorants market estimates & forecast by type, 2018-2032, (Kilo Tons) (USD Million)
- 2.1.3 Form trends
  - 2.1.3.1 Global food colorants market estimates & forecast by form, 2018-2032, (Kilo Tons) (USD Million)
- 2.1.4 Solubility trends
  - 2.1.4.1 Global food colorants market estimates & forecast by solubility, 2018-2032, (Kilo Tons) (USD Million)
- 2.1.5 Application trends
  - 2.1.5.1 Global food colorants market estimates & forecast by application, 2018-2032, (Kilo Tons) (USD Million)
- 2.1.6 Region trends
  - 2.1.6.1 Global food colorants market estimates & forecast by region, 2018-2032, (Kilo Tons) (USD Million)

Chapter 3 Food Colorants Industry Insights

3.1 Industry segmentation
3.2 COVID-19 impact on the global economy
3.3 Industry ecosystem analysis
- 3.3.1 Raw material suppliers
- 3.3.2 Manufacturers
- 3.3.3 Distributors & dealers
- 3.3.4 End user
- 3.3.5 Distribution channel analysis
- 3.3.6 Profit margin trends
- 3.3.7 Vendor matrix
3.4 Technology Landscape
3.5 Raw material trends
- 3.5.1 Natural color
- 3.5.2 Synthetic color
3.6 Industry best practices & key buying criteria
3.7 Consumer buying behavior
- 3.7.1 Unmet needs
- 3.7.2 Information search
- 3.7.3 Evaluation of alternatives
- 3.7.4 Purchase decision
- 3.7.5 Post-purchase behavior
3.8 Regulatory landscape
- 3.8.1 North America
  - 3.8.1.1 U.S.
  - 3.8.1.2 Canada
- 3.8.2 Europe
- 3.8.3 Asia Pacific
  - 3.8.3.1 China
  - 3.8.3.2 India
- 3.8.4 Latin America
  - 3.8.4.1 Brazil
- 3.8.5 MEA

Standardization Organization for G.C.C (GSO)

3.9 Global food & beverages industry outlook, 2018-2032
- 3.9.1 Comparative analysis between different food colorants
  - 3.9.1.1 Natural colors
  - 3.9.1.2 Synthetic colors
  - 3.9.1.3 Nature identical colors
- 3.9.2 Current trends & opportunities
3.10 Pricing analysis
- 3.10.1 Regional pricing
  - 3.10.1.1 North America
    - 3.10.1.1.1 North America natural food colorant pricing
    - 3.10.1.1.2 North America synthetic food colorant pricing
    - 3.10.1.1.3 North America natural identical food colorant pricing
  - 3.10.1.2 Europe
    - 3.10.1.2.1 Europe natural food colorant pricing
    - 3.10.1.2.2 Europe synthetic food colorant pricing
    - 3.10.1.2.3 Europe natural identical food colorant pricing
  - 3.10.1.3 Asia Pacific
    - 3.10.1.3.1 Asia Pacific natural food colorant pricing
    - 3.10.1.3.2 Asia Pacific synthetic food colorant pricing
    - 3.10.1.3.3 Asia Pacific natural identical food colorant pricing
  - 3.10.1.4 Latin America
    - 3.10.1.4.1 Latin America natural food colorant pricing
    - 3.10.1.4.2 Latin America synthetic food colorant pricing
    - 3.10.1.4.3 Latin America natural identical food colorant pricing
  - 3.10.1.5 Middle East & Africa
    - 3.10.1.5.1 Middle East & Africa natural food colorant pricing
    - 3.10.1.5.2 Middle East & Africa synthetic food colorant pricing
    - 3.10.1.5.3 Middle East & Africa natural identical food colorant pricing
- 3.10.2 Cost structure analysis, 2022
3.11 Industry impact forces
- 3.11.1 Growth drivers
  - 3.11.1.1 Growing demand from the processed food industry
  - 3.11.1.2 Increasing utilization of naturally-derived food colorants
- 3.11.2 Industry pitfalls & challenges
  - 3.11.2.1 Limitations in synthetic color utilization
  - 3.11.2.2 Lack of awareness about the product
3.12 Growth potential analysis, 2022
3.13 Porter's analysis
- 3.13.1 Buyer power
- 3.13.2 Supplier power
- 3.13.3 Threat of substitutes
- 3.13.4 Threat of new entrants
3.14 PESTLE analysis
3.15 COVID-19 impact on the food colorants demand, by applications
- 3.15.1 Beverages
- 3.15.2 Dairy & frozen fruits
- 3.15.3 Bakery
- 3.15.4 Meat, poultry, and seafood
- 3.15.5 Confectionery
- 3.15.6 Oil & fats
3.16 Impact of Russia-Ukraine war on the UV adhesives industry

Chapter 4 Competitive Landscape

4.1 Introduction
4.2 Company market share analysis, 2022
- 4.2.1 North America Company market share analysis, 2022
- 4.2.2 Europe Company market share analysis, 2022
- 4.2.3 Asia Pacific Company market share analysis, 2022
- 4.2.4 Latin America Company market share analysis, 2022
- 4.2.5 MEA Company market share analysis, 2022
4.3 Competitive analysis of major market players
4.4 Competitive positioning matrix
4.5 Strategic outlook matrix