Food Colorants Market is estimated to grow at a CAGR of nearly 5.6% during the forecast period. The major factors contributing to the growth of the market include a significant rise in the food and beverage industry and the rising demand for natural food colorants. As per the FoodDrinkEurope, the turnover of the EU food and drink industry was nearly $1431 billion in 2017, which represented a 6.7% rise from 2016. The number of companies engaged in the manufacturing of food and beverage in the EU was 294,000 in 2017. Nearly 47.5% of food and drink turnover was generated from small and medium-sized companies.
During the period, 2013-2017, the EU share of global exports has increased from 17.5% to 19.0%. This represents that the food and beverage sector is among the major contributors to the growth of the European economy. This, in turn, contributes to the demand for food colorants to enhance the appearance of processed and fresh foods. Natural food colorants are gaining significant importance owing to their potential health benefits. Natural food colours are derived from a comprehensive range of sources such as fruits, vegetables, minerals, plants, and other edible natural sources. These colorants come in several forms including powders, gels, liquids, and pastes.
Owing to the increasing consumer concerns regarding synthetic dyes (artificial colors), there is an inclination towards natural colours in the food and beverage sector. Synthetic colors are used as they are less costly; however, they are also potent in providing intense and uniform colour. In addition, synthetic colors can also blend easily to offer a range of hues. Due to the harmful effects, the demand for synthetic food colours is increasingly coming down across the globe. This, in turn, results in the emerging demand for natural food colorants.
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Food Colorants Market Segmentation
By Product Type
- Natural
- Synthetic
- Natural Identical
- Others
By Application
- Food
- Bakery and Confectionary Products
- Processed Food
- Meat, Poultry and Seafood
- Dairy Products
- Oils and Fats
- Others
Beverages
- Alcoholic Beverages
- Juices
- Carbonated Soft Drinks
- Functional Beverages
- Others
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Ajanta Chemical Industries
- Archer Daniels Midland Co.
- AromataGroup SRL
- BASF SE
- Cargill Inc.
- Hansen Holding A/S
- DDW, Inc.
- Denim Colourchem Pvt. Ltd.
- Döhler GmbH
- Frutarom Group
- Givaudan SA
- GNT Group B.V.
- IFC Solutions
- Kalsec Inc.
- Kemin Industries, Inc.
- Kevin (India) Co.
- Koninklijke DSM N.V.
- Prinova US LLC (Nagase Group)
- Riken Vitamin Co., Ltd.
- San-Ei Gen F.F.I., Inc.
- Sensient Technologies Corp.
- Sethness-Roquette
- Sun Food Tech Pvt. Ltd.
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