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Thursday, December 30, 2021

Global Food Colours Market To Be Driven By The Rising Demand For Clean Label And Natural Products In The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘Global Food Colours Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global food colours market, assessing the market based on its segments like type, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): USD 2.3 billion
• Forecast CAGR (2021-2026): 12.3%
• Forecast Market Size (2026): USD 4.6 billion

The growing demand for clean label, natural products is driving the global food colours industry. Because of the world’s current health concerns due to the pandemic, the industry is being propelled forward by factors such as healthy food consumption and natural food colours such as turmeric, which also provide health benefits. Furthermore, the market demand for organic, plant-based products is increasing as a result of urbanization and industrialization, rising purchasing power, and rising awareness of food adulteration and the resulting demand for clean label food items, all of which are fuelling market growth.

Industry Definition and Major Segments

Food colours are additives that improve the appearance of a food product and make it more appealing to eat. The colours may be supplied as dyes and pigments in liquid or powdered form, and their composition may be natural or artificial.

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Based on type, the industry can be divided into:

• Natural Colour
• Artificial Colour

On the basis of application, the market is segmented into:

• Meat Products
• Beverages
• Dairy
• Bakery and Confectionary
• Processed Food and Vegetables
• Oil and Fats
• Others

The regional markets include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The increasing prevalence of e-commerce websites as a result of factors such as an increase in the number of working populations, the convenience and flexibility of online purchasing, fast deliveries, and stringent government regulations to conduct social distance in the midst of a global pandemic. With the widespread availability of the internet and smartphones, online delivery channels are bolstering the market for food colors in a variety of end-use sectors. Furthermore, as the e-commerce industry grows, industry players that sell packaged and processed food products through online retail channels are creating a market demand for bright colors that attract buyers, as the visual appeal of online products is critical. Furthermore, the rise of food delivery services such as Zomato and Uber Eats in major developed and emerging markets has increased the relevance of vibrant colors in visual representation, which is benefiting the overall food color market.

Key Market Players

The major players in the market are Sensient Colors LLC, Chr. Hansen Natural Colors A/S, BASF SE, DSM Nutritional Products AG, Naturex S.A., DDW, Inc., and Others.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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