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Food & Beverages Color Fixing Agents Market Analysis

Report ID: GMI3227
Published Date: Feb 2023
Report Format: PDF

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Food & Beverages Color Fixing Agents Market Analysis

Based on product, the food & beverages color fixing agents market share from the Sodium Nitrate segment accounted for USD 600 million in revenues in 2022. Sodium Nitrate is extensively used as a preservative in a variety of food items, including fish, meat, bakery, and dairy products. It helps prevent the growth of bacteria that spoils meat while keeping its red or pink color intact. The flourishing meat industry, coupled with the increased consumption of animal-based products in countries such as China, backed by rising disposable income.

Regarding the application, the food & beverages color fixing agents market size from beverages segment held over 660 million in 2022, due to their exceptional antioxidant and antibacterial properties, color-fixing agents are used in alcoholic and non-alcoholic beverages. An increasing number of beverage manufacturers experimenting with different flavors and introducing several healthy drink variants will boost the market value. Besides, the healthy growth in the beverages sector, along with changing lifestyles and increasing disposable incomes.

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Geographically, the Asia Pacific food & beverages color fixing agents market is estimated to observe around 5% growth rate during the forecast timeline, attributed to the consistent progression of the processed meat industry across the region. The growing middle-class population and its increasing inclination toward processed meat have prompted major international companies to expand their business by means of mergers, acquisitions, or partnerships in the region. In addition, the increasing sea-food consumption owing to the accelerating shift toward healthy and nutrient-enriched food will propel the regional gains.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market of food & beverages color fixing agents recorded a valuation of USD 2.5 billion in 2022 and is poised to depict over 4.5% CAGR from 2023 to 2032 driven by the commendable rise in the consumption of meat and meat products.

The Sodium Nitrate segment was worth over USD 600 million in 2022 backed by the increasing utilization of sodium nitrate as a preservative in a range of food products due to its ability to prevent bacterial growth and spoilage.

Food & beverages color fixing agents industry revenue from the beverages application segment is was recorded at nearly 660 million in 2022, attributed to the extensive usage of these agents in several alcoholic and non-alcoholic beverages due to their exceptional antioxidant and antibacterial properties.

Prominent companies operating in this industry include BASF SE, AkzoNobel N.V, Merck Group, Yara International, GFS Chemicals, Inc, Naturex, Airedale Chemical, American Elements, Sonac, and Mitsubishi Chemical Corporation.