Natural Food Colors Market Share 2023- Global Industry Trends, Revenue, Growth Drivers, Business Challenges and Future Investment till 2033: SPER Market Research
Natural Food Colors Market Share, Business Opportunities till 2033
The food and beverage industries employ natural food coloring additives to enhance the color of cooked or processed foods. Beetroot juice, caramel, red cabbage, turmeric, annatto, and spinach are the most often used sources of these. Natural food colors are composed of naturally occurring extracts, pigments, and dyes; they are free of genetically modified organisms (GMOs) and allergies. Since they are non-toxic and good for the environment, they are an essential ingredient in the manufacturing of liquids, gels, gel pastes, and edible powders. They are widely used in both home and commercial cooking, giving food a lovely appearance and extending the shelf life of its freshness.
According to SPER market research, ‘ Natural Food Colors Market Size- By Solubility, By Color Type, By Application, By Source, By Form- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Natural Food Colors Market is predicted to reach USD 4.60 billion by 2033 with a CAGR of 11.51%.
Pastries, confections, and flavor-infused drinks and juices are all made with natural food coloring. The main factor currently driving the market's growth is the food and beverage industry's increasing need for natural food colorings. Moreover, the demand for natural, wholesome food products with little to no artificial coloring, preservatives, or additives increases along with the global population. Furthermore, it is projected that in the near future, demand for natural food coloring will rise as consumers become more aware of the health benefits of natural components. Furthermore, strict regulatory restrictions on the production and sale of synthetic coloring have pushed the food and beverage industries to switch to natural alternatives.
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Impact of COVID-19 on Food Colors Market
While customers around the world continue to be concerned about food affordability, the COVID-19 pandemic has increased their desire to know the source of their food. In addition, the demand for locally produced food has increased as a result of consumers' worry of getting sick from consuming more imported foods with an unknown and unexplained ingredient origin. Thus, this has benefited both the recent private label entrants in the food industry and the local manufacturers of natural colorants.
Natural Food Colors Market Key Player
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Archer-Daniels-Midland Company, Byrnes & Kiefer Company, California Natural Color, Nactarome S.p.A., Orginor Natural SA, Oterra A/S, Robertet Group, Sensient Technologies Corporation, T. Hasegawa Co., Ltd., Taiyo Kagaku Co., Ltd., The Watkin Company, Vivify, Others.
Food Colors Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply. Forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Solubility: Based on the Solubility, Global Natural Food Colors Market is segmented as; Dye, Water.
By Color Type: Based on the Color Type, Global Natural Food Colors Market is segmented as; Annatto, Anthocyanins, Caramel, Carmine, Carotenoids, Chlorophyll and Spirulina, Curcumin.
By Source: Based on the Source, Global Natural Food Colors Market is segmented as; Animal, Plant.
By Application: Based on the Application, Global Natural Food Colors Market is segmented as; Beverages, Processed Food Products.
By Form: Based on the Form, Global Natural Food Colors Market is segmented as; Liquid, Powder.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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