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Food Colorants Market Size
Food Colorants Market size valued at USD 4.2 billion in 2023 and is projected to exhibit 6% CAGR from 2024 to 2032.
Surging production of processed foods as a result of the emergence of fast-paced lifestyles is expected to propel the market demand. For instance, as per data published by the Directorate General of Commercial Intelligence & Statistics (DGCI&S), India’s agricultural and processed food exports increased by 25% in Q2 of the current FY 2022-23 as compared to the same period in FY 2021-22. Food additives are a major component of processed foods, adding texture, taste, and physical characteristics to the product. Over the last decade, the consumption of processed foods has amplified drastically, driving health concerns associated with lack of nutrition and chronic illnesses. Hence, the use of organic raw materials and natural additives is gaining substantial momentum in the food processing sector for producing cleaner and healthier food products.
| Report Attributes | Details |
|---|---|
| Base Year: | 2023 |
| Market Size in 2023: | USD 4.2 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 6% |
| 2032 Value Projection: | USD 7.35 Billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 643 |
| Tables, Charts & Figures: | 901 |
| Segments covered: | By Type, By Source, By Product, By Form, By Solubility, By Application |
| Growth Drivers: | |
| Pitfalls & Challenges: |
Presence of strict regulations for synthetic color utilization may restrict industry growth
Growing health and safety concerns associated with the usage of synthetic colors in food processing could hamper the food colorants market growth. Several countries are adopting severe regulations pertaining to the utilization of artificial colorants in foods owing to potential risks of health conditions such as hyperactivity, attention deficit disorders, and chronic illnesses such as, cancer. In July 2022, Mars, one of the largest food manufacturers in the U.S. was scrutinized for using titanium dioxide, a toxin, in its Skittles candies. However, the increasing developments in natural food ingredients are expected to aid food companies to provide clean label ingredients, adding a positive edge to the market expansion.
Food Colorants Market Analysis
The natural food colorants market size from the carotenoids product segment will record over 5.5% CAGR through 2032. The increasing use of carotenoids as an alternative to synthetic food colorants can be attributed to their wide range of health benefits that include antioxidant, antimicrobial, anticancerous, and anti-diabetic properties. These compounds are increasingly studied for their potential therapeutic properties across cardiovascular diseases, eye conditions, diabetes, and cancer. With the growing burden of chronic diseases and the presence of strict regulations to restrict the use of synthetic additives, natural food colorants such as carotenoids are set to register significant growth.
In terms of revenue, the synthetic food colorants market share from the powder form segment is estimated to surpass USD 1.5 billion by 2032. Powdered food colors are widely used in large-scale food manufacturing, small-scale food processing, and in-home cooking. They are easy to use and are hence largely available across retail as well as e-commerce platforms. Powdered synthetic food colorants are experiencing rising demand across the sugar confectionery and bakery sectors as they have applications in chocolates, muffins, and cakes, among various other bakery items. In 2022, the U.S. confectionery export value reached USD 707 billion, as per the U.S. Department of Agriculture (USDA). The incessant consumption of confectioneries is set to spur the demand for powdered colors.
Nature-identical food colorants market size from the beverages application segment will expand at 6.9% CAGR during the forecast timeline. Nature-identical food colorants are increasingly utilized by beverage manufacturers as they offer natural sensorial properties, whilst maintaining an optimum nutritional profile. Beta-carotene is one of the common food colorants used in beverages due to its high stability, water-solubility, and favorable emulsion properties, thus enabling the production of orange and citrus-flavored beverages, particularly tropical juices, and flavored sports drinks. The growing health consciousness and inclination toward energy drinks will foster the industry demand.
The Europe food colorants market size is poised to reach USD 2 billion by 2032, attributed to the increasing consumer awareness and preference for clean-label ingredients. Additionally, the region is experiencing a notable influx of supportive regulatory policies and norms, encouraging the use of natural food colorants, mainly across the EU countries. For instance, in August 2022, the EU catalyzed its efforts to ban harmful synthetic agents such as titanium dioxide, compelling confectionery manufacturers and food innovators to formulate novel alternatives. Similar initiatives underway aimed at driving the production of organic products over the upcoming decade will positively stimulate the industry outlook.
Food Colorants Market Share
Some prominent companies operating in the food colorants market include
- BASF SE
- Cargill Incorporated
- Koninklijke DSM N.V.
- ADM
- FMC Corporation
- Dupont
- DDW The Color House
- Hansen Holding A/S
- Sensient Colors LLC
- GNT Group
- Dohler Group
- Naturex
- Lycored
- Frutarom
- San-Ei Gen F.F.I., Inc
- Sethnes Caramel Color
- WILD Flavors and Specialty Ingredients
- Riken Vitamin Co. Ltd
These companies are focusing on mergers and acquisitions to strengthen their geographical presence. For instance, in July 2021, Sensient Technologies announced the acquisition of the assets of Flavor Solutions, Inc. to expand its flavor portfolio and strengthen its technological capabilities.
Impact of the COVID-19 pandemic
The COVID-19 crisis had a positive impact on the food colorants industry outlook due to the dynamic shift in consumer preferences for clean and organic food products. Despite the massive supply chain disruptions, the rising consumer trends spurred the demand for natural food ingredients, compelling manufacturers to enhance their production levels. The pandemic significantly catalyzed the organic food business, promoting the manufacturing and processing of environmentally friendly, non-GMO, and clean ingredients containing food products. Furthermore, the pandemic-driven consumer consciousness pertaining to clean-label products will fuel the demand for natural food and beverage additives and colorants in the looming years.
The food colorant market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments:
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Market, By Type
- Natural Color
- By Source
- Plant-derived pigments
- Grapes
- Berries
- Carrot
- Beet
- Annatto
- Paprika
- Tomato
- Turmeric
- Saffron
- Spirulina
- Others
- Plant-derived pigments
- Mineral
- Titanium Dioxide
- Calcium Carbonate
- Iron Oxides
- Mica-based Pearlescent
- Others
- By Source
- By Product
- Anthocyanins
- Carotenoids
- Caramel
- Curcumin
- Chlorophyll
- Paprika Extract
- Spirulina
- Others
- By Form
- Powder
- Liquid
- By Solubility
- Dye
- Lake
- By Application
- Beverages
- Dairy & Frozen Products
- Bakery
- Meat
- Poultry & Seafood
- Confectionery
- Oils & Fats
- Others
- Synthetic color
- By Product
- Red
- Yellow
- Blue
- Green
- Others
- By Form
- Powder
- Liquid
- By Solubility
- Dye
- Lake
- By Application
- Beverages
- Dairy & Frozen Products
- Bakery
- Meat
- Poultry & Seafood
- Confectionery
- Oils & Fats
- Others
- By Product
- Nature Identical color
- By Product
- Beta Carotene
- Beta Apo 8 Carotenal
- Beta Apo 8 Carotenal Ester
- Canthaxanthin
- Lycopene
- Others
- By Form
- Powder
- Liquid
- By Solubility
- Dye
- Lake
- By Application
- Beverages
- Dairy & Frozen Products
- Bakery
- Meat
- Poultry & Seafood
- Confectionery
- Oils & Fats
- Others
- By Product
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Poland
- Sweden
- Australia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Australia
- Thailand
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- UAE
- Saudi Arabia
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