The
global natural food colors market size
is expected to reach USD 2.50 billion by 2025, according to a new report by
Grand View Research, Inc. Growing concerns regarding the health hazards
associated with synthetic and natural identical colors is expected to drive the
demand for the product over the next nine years.
The
market is expected to grow on account of increasing penetration of the product
in key application industries including beverages, and bakery &
confectionery. In addition, the industry is expected to benefit from the
stringent regulations passed for the synthetic colors leading to an increasing
substitution.
High
dependence on raw materials such as fruits, vegetables, and spices, coupled
with substantial price fluctuations of the aforementioned products is expected
to act as a major deterrent for the market growth. However, the rise in
investments in research and development, to increase the production efficiency
is expected to drive the demand over the forecast period.
The
industry is characterized by the presence of a large number of high volume
manufacturers, with a majority of them integrated across product manufacturing
to distribution stages of the value chain. In addition, the companies are
involved in product distribution primarily through direct distribution as well
as third party distribution channels in a bid to expand their market presence.
Browse full research report on Global Natural Food Colors Market: http://www.grandviewresearch.com/industry-analysis/natural-food-colors-market
Further key findings
from the report suggest:
- The use of
the product in beverages accounted for over 27% of the global volume in
2015, on account of rising demand for nutritional beverages such as fruit
juices, sports drinks, carbonated soft drinks, and alcoholic drinks.
- Anthocyanin
is expected to exhibit the highest growth, growing at a CAGR of over 7%
from 2016 to 2025 on account of high substitution rate of the synthetic
blues due to various health hazards associated
- The
industry in Asia Pacific is expected to account for over 29% of the
revenue market share by 2025, driven by the rapid development of food
& beverage industry in the region. Growing demand for the product in
developing economies of the region is likely to propel demand
- Major
players in the industry operate their business through an extensive
product portfolio with a number of manufacturing and distribution
facilities spread across the globe. In addition, the companies are
involved in the development of advanced products with high stability in a
bid to improve the share and increase the revenues
Browse more reports of this category by
Grand View Research: http://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has
segmented the global natural food colors market on the basis of product,
application, and region:
Product Outlook
(Volume, Tons; Revenue, USD Million, 2014 - 2025)
- Curcumin
- Carotenoids
- Anthocyanin
- Carmine
- Copper Chlorophyllin
- Others
Application Outlook
(Volume, Tons; Revenue, USD Million, 2014 - 2025)
- Bakery & Confectionery
- Beverages
- Dairy & Frozen Products
- Meat Products
- Oil & fat
- Fruits & vegetables
- Food
Regional Outlook
(Volume, Tons; Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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