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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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