Natural Ingredients Is Fastest Growing Segment Fueling Growth Of Natural Food Colors Market

 

Natural Food Colors Market
Natural Food Colors Market 

The global Natural Food Colors Market is estimated to be valued at US$ 2.05 Bn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview
Natural food colors are used in processed food, beverages, and confectionery products for enhancing flavors and tastes. Natural food colors are derived from natural sources including vegetables, fruits and other plant or mineral sources. Natural food colors offer advantages over synthetic colors in terms of safety, functionality and processing compatibility. The rising demand for clean label and natural ingredients is driving the need for natural food colors.

Market key trends:
The shifting consumer preference towards natural and organic products has influenced food manufacturers to adopt natural food colors. Consumers nowadays extensively read labels to check for synthetic ingredients before purchasing products. This has boosted the demand for natural food colors over the past few years. Further, government regulations in various countries limiting the use of synthetic food colors have accelerated the consumption of natural variants. Various bans and restrictions imposed by regulatory bodies is a major trend shaping the growth of natural food colors market.
Segment Analysis
The global natural food colors market is segmented by type, application, and form. Based on type, the anthocyanins segment accounted for the largest share of more than 35% in 2022, owing to its high demand from beverages, desserts, and confectionery industries. Anthocyanins impart attractive shades of red, blue, and purple colors and have high antioxidant properties. Based on application, the beverages segment dominated with over 30% share in 2022 as natural food colors are highly preferred for producing colored drinks. The dry segment captured around 60% of the total market in 2022 under the form segment due to the ease of handling and transportation of dry natural food colors.

Key Takeaways
The global Natural Food Colors Market Share is expected to witness high growth, exhibiting CAGR of 6.6% over the forecast period, due to increasing consumer preference for clean label and natural ingredients in food products.

Regional analysis
Europe accounted for the largest share of over 30% in the natural food colors market in 2022. This is attributed to high health awareness and stringent regulations regarding synthetic colors in the region. The Asia Pacific region is expected to grow at the fastest rate during the forecast period owing to the rising packaged food industry and disposable income in developing countries such as India and China.

Key players
Key players operating in the Natural Food Colors market are GNT International B.V., Roha Dyechem Pvt. Ltd., D.D. Williamson & Co., Inc., Kalsec Inc., Chr. Hansen A/S, Archer Daniels Midland Company, Adama Agricultural Solutions Ltd. (LycoRed), Naturex S.A., Sensient Technologies Corporation, and Symrise AG. The global market is highly consolidated with the top five players accounting for over 50% of the overall share.

For more insights, Read- https://www.ukwebwire.com/natural-food-colors-market-trends-size-and-share-analysis/

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