Agricultural Colorant Market Overview:
The global agricultural colorants market is growing rapidly mainly due to the increasing demand for colorants in fertilizers and crop protection. These colors are an integral part of the established clean label trend, meaning that the colors are eco-friendly and also help in protecting the environment. Moreover, the augmenting consumer demand for fair trade, sustainable, and organic products is escalating the market on the global platform.
Acknowledging the colossal traction, the market is garnering currently Market Research Future (MRFR) in its recently published study report asserts that global agricultural colorant market will witness a significant growth by 2024 registering a phenomenal CAGR throughout the forecast period (2018 to 2024). Augmented demand from the burgeoning food & beverages industry for the organic food color defines the growth landscape of the market.
Additional factors adding to the market growth include the adoption of better farming techniques that enhance the production and the multifunctionality of fertilizers and the need for crop protection. Simultaneously, factors such as the increasing demand for colorants in fertilizer, pond & lake color management, turf & ornamental plant, and ice melting & de-icing applications are expected to drive the growth of the market.
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Industry/ Innovations/ Related News
February 06, 2019 —- Frutarom Natural Solutions Ltd. (the US), a division of International Flavors & Fragrances Inc., announce the receiving of organic certification for its natural annatto color from both, the European Organic Certifiers Council and the U.S. Department of Agriculture. Seeds and extracts of Annatto have been used for centuries in Europe and North America to provide a yellow to reddish color to foods and beverages, thus becoming the second most economically important natural colorant worldwide.
Agricultural Colorant Market Key Players:
Key players operating in the global agricultural colorant market are BASF SE (Germany), Bayer AG (Germany), Clariant (Switzerland), Aakash Chemicals (US), Sensient Technologies Corporation (US), Germains Seed Technology (UK), Lanxess (Germany), Chromatech Incorporated (US), Organic Dyes and Pigments (US), Sun Chemical (US), Keystone Inc. (US), and Milliken Chemical (US) among others.
Agricultural Colorant Market Segmentation:
For enhanced understanding, the market has been segmented into four key dynamics: –
By Product Type:
Dyes and Pigments.
Seed Treatment, Fertilizers, Turf & Ornamental Plants, Crop Protection Products, Ice Melting & De-icing, and Ponds & Lakes among others.
By Distribution Channel:
Department Stores, Government Stores, and Retail Stores among others.
North America, Asia Pacific, Europe, and the Rest-of-the-World.
Agricultural Colorant Market Regional Analysis:
The North American region heading with the extensive adoption of mechanized farming methods is forecasted to retain its dominance over the global agricultural colorant market throughout the review period. Furthermore, factors such as the surging demand for turf and ornamental plants, the growing business of organic food products & produces, and the burgeoning agriculture industry in the region are fostering the growth of the market. The US, backed by the presence of prominent companies such as Sensient Technologies Corporation and Sun Chemicals, majorly contributes to the growth of the regional market.
The agricultural colorant market in the Asia Pacific region is emerging as a profitable market, globally. The region is projected to register highest CAGR over the forecast period. Factors positively impacting the growth of the regional market include the higher-level production capacities in countries like Australia and New Zealand and the increasing population in rapidly developing countries such as China and India.
Agricultural Colorant Market to be Continue…….,
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