The global 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 $1431 billion in 2017, which represented a 6.7% rise from 2016. The number of companies engaged in the manufacturing of food and beverage in the EU was 294,000 in 2017. Nearly 47.5% of food and drink turnover was generated from small and medium-sized companies.
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During the period, 2013-2017, the EU share of global exports has increased from 17.5% to 19.0%. This represents that the food and beverage sector is among the major contributors to the growth of the European economy. This, in turn, contributes to the demand for food colorants to enhance the appearance of processed and fresh foods. Natural food colorants are gaining significant importance owing to their potential health benefits. Natural food colours are derived from a comprehensive range of sources such as fruits, vegetables, minerals, plants, and other edible natural sources. These colorants come in several forms including powders, gels, liquids, and pastes.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Food Colorants Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global food colorants market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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