Market Research Future published a half cooked research report on global natural food color ingredient market which is estimated to grow at a CAGR OF 7.80% after 2022.
Natural food color ingredient is any dye, pigment or any other substance obtained from vegetable, animal, mineral, or source capable of coloring food drug, cosmetic or any part of human body. Natural food color ingredients are sourced from natural and organic sources such as seeds, fruits, vegetables, algae and insect. The demand of the natural food color ingredients is increasing due to the changing lifestyle coupled with the growing consumer awareness and rising health and wellness concern.
The world demand for organically produced foods is growing rapidly in developed countries like Europe, U.S., Japan and Australia which is further influencing the demand for natural food color ingredients. Color is an essential part of foods and beverages and hence is majorly used an additive in the manufacturing of food and beverages. The increasing consumer awareness about the harmful effects involved in using synthetic food colors and the chemicals used in the creation of such colors will mark the huge demand of natural food color ingredients in food preparation. For instance, Japan and some European countries have banned or regulated the trading of synthetic color made products.
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The growing consumer awareness, increasing demand of organic products, increasing incidence of diseases will surge the sales of natural food colors ingredients over synthetic food colors. Bakery & confectionary industry is experiencing a substantial growth over the last few years. Bakery products are gaining traction both in the developed and developing economies which in turn intensifies the sales of natural food color ingredients over the forecast period. These factors will play a key role in the growth of natural food color ingredients market at the CAGR of 7.80% during 2016-2022.
Cartenoids segment is estimated to retain its dominance throughout the forecast period and projected to account above 30% market share. However, spirulina segment is estimated to grow very fast as compare to the other segment. This is attributed by the new inventions of key players and the spirulina ingredient find application in various segment such as bakery & confectionery and both carbonated and non-carbonated beverages. Beverages segment is likely to dominate the market during the forecast period. The beverages industry is driven by the massive demand for various juices, soft drinks and alcoholic drinks. Bakery & confectionary industry is also projected to grow decently in the near future. Dyes segment is estimated to witness fastest growth during the forecast period. This is attributed by the various applications of that particular segment such as dry mixes, dairy products, baked food and others.
Key Players of Natural Food Color Ingredients Market:
- Chr. Hansen S/A (Denmark)
- Archer Daniels Midland Company (U.S.)
- Sensient Technology Corporation (U.S.)
- D.D. Williamson & Co. Inc. (DDW) (U.S.)
- Kalsec Inc. (U.S.)
- Doehler Group (Germany)
- FMC Corporation (U.S.)
1 Executive Summary
2 Market Introduction
2.2 Scope of the study
2.2.1 Research Objectives
2.3 Markets Structure
3 Research Methodology
3.1 Research application
3.2 Secondary research
3.3 Primary research
3.4 Forecast model
3.5 Market Size estimation
4 Market Dynamics
The global natural food color ingredients market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these, Europe region is expected to retain its dominance throughout the forecast period. The market is estimated to grow at an above average CAGR during the forecast period. This is attributed by the mounting growth of food industry in Germany, France, UK and other Western Europe countries. Also, the presence of key players in Europe region is also anticipated to fuel the sales of natural food color ingredients in that particular region. However, Asia Pacific region is projected to register maximum CAGR during the forecast period. The growth is contributed by the higher level production in countries like Australia and New Zealand. Also, the food color industry in Asia Pacific region is experiencing a substantial growth over the past few years which in turn positively driving the growth of natural food color ingredients in the Asia Pacific region. Increasing population in countries such as China, India and with the changing lifestyles of the consumer is anticipated to stimulate the overall natural food color ingredients market in Asia Pacific region during the forecast period.
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