Food Colorants Market size to reach $7 Bn by 2032

Food Colorants Market size is estimated to cross USD 7 billion by 2032, according to a new research report by Global Market Insights Inc.
 

The paradigm shift toward organic and naturally derived food additives will complement the food colorants industry. Natural food colorants are experiencing a substantial rise in demand owing to the growing number of health-conscious consumers and consumption of value-added food products. A wide variety of natural food colorants are employed in food and beverage processing for enhancing the nutritional composition with high levels of minerals, vitamins, and antioxidants. The growing concerns associated with nutritional deficiencies are else driving consumers toward organic products rich in micronutrients.
 

However, the lack of awareness regarding novel food additives is a key challenge for the food colorants market. The prevalence of food color utilization in home cooking is insufficient worldwide with the majority of applications across large-scale food processing. Hence, higher acceptance of food colors for household use will play an ideal role for the industry demand.
 

Rising innovation in the production of natural food colorants to boost industry trends

Natural food colorants market from source segment is projected to surpass USD 3.4 billion by 2032. In the recent past, organic food ingredients and plant-derived additives have gained significant consumer appeal as they eliminate the risk of allergies and health complications associated with synthetic colors. Natural colorants are derived from plant extracts and other sources such as bacteria, algae, and fungi. The increasing focus on fungi-based ingredients and the advent of plant-derived food trends will accelerate the production of natural food colorants, adding to the overall market growth.
 

Increasing consumption of synthetic food colors in processed foods to enhance industry expansion

Synthetic food colorants market from product segment is expected to witness over 5.9% CAGR from 2023 to 2032. Artificial food colors are relatively affordable, more stable, easily available, and have a longer shelf life. They are extensively used in a wide variety of processed as well as packed foods and beverages including jams, sauces, ready-to-eat products, candies, and snacks. This is mainly due to their appealing sensorial and physical characteristics. Moreover, the surging consumption of processed food products and non-alcoholic beverages will spur the demand for synthetic food colors, adding to the industry development.
 

Browse key industry insights spread across 643 pages with 861 market data tables and 40 figures & charts from the report, “Food Colorants Market Size By Type (Natural Colors [By Source {Plant-derived pigments (Grapes, Berries, Carrot, Beet, Annatto, Paprika, Tomato, Turmeric, Saffron, Spirulina), Mineral (Titanium Dioxide, Calcium Carbonate, Iron Oxides, Mica-based Pearlescent)}, By Product {Anthocyanins, Carotenoids, Caramel, Curcumin, Chlorophyll, Paprika Extract, Spirulina}, By Form {Powder, Liquid}, By Solubility {Dye, Lake}, By Application {Beverages, Dairy & Frozen Products, Bakery, Meat, Poultry & Seafood, Confectionery, Oils & Fats}], Synthetic Colors [By Product { Red, Yellow, Blue, Green}, By Form {Powder, Liquid}, By Solubility {Dye, Lake}, By Application {Beverages, Dairy & Frozen Products, Bakery, Meat, Poultry & Seafood, Confectionery, Oils & Fats}], Nature Identical Colors, [By Product {Beta Carotene, Beta Apo 8 Carotenal, Beta Apo 8 Carotenal Ester, Canthaxanthin, Lycopene}, By Form {Powder, Liquid}, By Solubility {Dye, Lake}, By Application {Beverages, Dairy & Frozen Products, Bakery, Meat, Poultry & Seafood, Confectionery, Oils & Fats}]), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/food-colorant-market
 

Rising innovations in nature-identical food colors to raise the market outlook

Nature-identical food colorants market from solubility segment is anticipated to exhibit 6.3% CAGR between 2023 and 2032. Lately, there has been an increasing use of pigments, such as Lycopene, Beta Carotene, Canthaxanthin, Beta Apo 8 carotenal, and Beta Apo 8 carotenal ester. The growth can also be attributed to the higher adoption of food colorants in bakery and dairy products to augment the taste and appearance. They help add value to the existing colors and prevent color loss during extreme temperatures, humidity, and storage conditions. The growing consumption of confectionery products such as visually appealing candies is also propelling the demand for food dyes.
 

Rising consumption of plant-derived food additives to boost the North America industry

North America food colorants market size is poised to exceed USD 2.2 billion by 2032, due to the increasing consumer inclination towards natural and plant-derived food additives. The region is home to some of the leading manufacturers of food additives, with a robust footprint of giant food processing companies, further accelerating the demand for colorants. Moreover, the presence of regulatory agencies, such as the Food and Drug Administration (FDA) for monitoring the safety of food and beverages is enabling significant developments in the field of novel food colorants. For instance, the FDA amended the color additive regulations for approving the expanded use of spirulina extract as a color additive in certain alcoholic beverages, non-alcoholic beverages, and non-dairy products from December 2022.
 

New collaborations to drive the industry growth

Key participants 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 entering new deals and agreements to achieve a competitive edge. For instance, in December 2021, Givaudan, a well-being, fragrance, and beauty export firm, acquired DDW The Color House to integrate its capabilities.