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Food Colorants Market Size

Report ID: GMI2150
Published Date: Mar 2023
Report Format: PDF

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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.

Food Colorants Market Report Attributes
Report Attribute	Details
Base Year:	2023
Food Colorants 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:	Growing demand from the processed food industry Increasing utilization of naturally derived food colorants
Pitfalls & Challenges:	Limitations in synthetic color utilization Lack of awareness about the product

Learn more about the key segments shaping this market

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Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The market size of food colorants was worth USD 4.2 billion in 2023 and is poised to witness over 6.3% CAGR during 2024 to 2032.

The beverages application segment is poised to grow at 6.9% CAGR from 2023 to 2032, due to increasing adoption in sports drinks.

The market size for food colorants in Europe will surpass USD 2 billion by 2032, attributed to the growing demand for organic and clean-label food products.

BASF SE, Cargill Incorporated, Dupont, Sensient Colors LLC, GNT Group, Dohler Group, Naturex, Lycored, Frutarom, and Riken Vitamin Co. Ltd are some of the major manufacturers and suppliers of food colorants worldwide.