The global food colors market size is expected to reach USD
2.97 billion by 2025, according to a new report by Grand View Research, Inc.
Growing demand for colored food products owing to their aesthetic appeal and
increasing use in end user industries is expected to drive the demand for food
colors over the forecast period.
Growing demand for the product across
various industries such as beverages, bakery & confectionary, and dairy
products is likely to have a positive impact on the utilization of food colors
in the foreseeable future. The demand for food colors for the production of
canned products is also estimated to drive the industry growth.
Growing consumer demand for low-fat
food is another factors which is expected to supplement the market growth in
near future The rising adoption of processed food by consumers across the globe
is estimated to translate into the growth in demand of the product. In
addition, rising demand for alcoholic and non-alcoholic beverages is likely to
drive the market growth over the forecast period.
Rising disposable incomes and changing
lifestyles due to rapid urbanization are likely to have a positive influence on
the market over the forecast period. Ongoing product innovation, consumer
preference for high-quality products, and solidification of government
regulations is likely to propel the growth in the next few years.
The absence of any notable substitute
to the product results in negligible threat of product substitution. However,
the industry is expected to witness internal substitution with natural food
colors being increasing used as a substitute for synthetic food colors. The
market is expected to witness a degree of uncertainty due to high degree of
volatility observed in the prices of raw material.
Browse full research report on Food
Colors Market: https://www.grandviewresearch.com/industry-analysis/food-colorants-market
Further key findings from the report suggest:
- Natural food colors are expected to reach USD 2.50 billion by
2025, owing to growing awareness among consumers regarding the health
benefits associated with the product.
- CSDs and non-alcoholic beverages is estimated to be the
fastest growing application with a growth rate of 6.4% over the forecast
period, on the account of rising demand for juices, soft drinks, and
carbonated soft drinks in emerging economies.
- The demand for the product in Asia Pacific is expected to
reach a value of USD 868.0 million by 2025 in the wake of growing food and
beverage industry in the region.
- The companies have adopted different approach to compete with
each other. For example, Allied Bioitech Corporation have adopted a
mono-product approach. It is global supplier for carotenoids and
manufactures & distributes only on product.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/food-colorants-market/request/rs1
Grand View Research has segmented the food colors market on the
basis of product, application, and region.
Food Colors Product Outlook (Volume, Tons; Revenue, USD Million;
2014 - 2025)
- Synthetic
- Red
40/Allura Red
- Yellow
No. 5
- Yellow
No. 6
- Others
- Natural
- Beta
Carotene
- Astaxanthin
- Anthocyanin
- Annatto
- Others
- Natural-identical
- Other
Mixed Carotene
- Lutein
- Canthaxanthin
- Lycopene
- Curcumin
- Titanium
Dioxide
- Others
- Others
Food Colors Application Outlook (Volume, Tons; Revenue, USD
Million; 2014 - 2025)
- Dairy
Food
- Non-Dairy
Food
- CSD
& Non-alcoholic Beverages
- Alcoholic
Beverages
Food Colors Regional Outlook (Volume, Tons; Revenue, USD Million;
2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Spain
- Italy
- Asia
Pacific
- China
- India
- Japan
- Australia
- 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.
For
more info visit @ https://www.grandviewresearch.com
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