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Food & Beverages Color Fixing Agents Market Size
- Report ID: GMI3227
- Published Date: Feb 2023
- Report Format: PDF
Food & Beverages Color Fixing Agents Market Size
Food & Beverages Color Fixing Agents Market size crossed USD 2.5 billion in 2022 and is projected to exhibit over 4.5% CAGR between 2023 and 2032. A noticeable surge in the consumption of meat and meat products worldwide is a leading factor spurring the market demand.
The demand for meat has grown exponentially over the recent decades, given a visible rise in per capita consumption across high-income countries instigated by expanding geriatric population and the growing dietary concerns seeking greater diversity in protein sources. Besides, the consistent population growth and increasing income levels across low and middle-income economies have further accentuated the trend. For instance, according to recent OECD estimations, to meet the rising demand, the global meat supply is poised to reach 377Mt by 2031.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Food & Beverages Color Fixing Agents Market Size in 2022: | USD 2.5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 4.7% |
| 2032 Value Projection: | USD 4.1 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 260 |
| Tables, Charts & Figures: | 191 |
| Segments covered: | Product, Application, and Region |
| Growth Drivers: | |
| Pitfalls & Challenges: |
Furthermore, the consistent improvement in animal breeding and management practices and the ongoing herd and fleet expansion to increase meat productivity will create a favorable growth outlook for the food & beverages color fixing agents market. However, stringent regulatory norms pertaining to product usage across numerous economies may act as a growth-restraining factor.
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Food & Beverages Color Fixing Agents Market Scope
