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Wednesday, August 31, 2022

Global Food Colours Market To Be Driven By The Rising Demand For Clean Label And Natural Products In 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.

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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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