Food Colorants Market Insight | Competitive Outlook and Forecast to 2025

Market Insight

Global Food Colorants Market is projected to grow at a CAGR of 5.4% from 2020 to 2025. The role of food colorants in driving the purchase decisions of consumers is expected to drive its demand. Consumption of foods and beverages, demand for convenience and packaged foods, change in eating habits in urban settings, and a large earning population are major drivers of the market. Introduction of strict regulations pertaining to its use has triggered the need for natural dyes and pigments. Natural colors can lower the chances of allergies and intolerance among consumers. Huge demand for transparency and clean label regulations have led to many manufacturers opting for these labels by federal regulatory agencies. The outbreak of the COVID-19 pandemic has pushed the consumption of foods to homes rather than outdoor environments. This can negatively impact the market.

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Competitive Outlook

Archer Daniels Midland Company, Döhler Group, Naturex, Kalsec Inc., Sensient Technologies Corporation, Chr. Hansen Holding A/S, Frutarom Industries Ltd, DSM, Kevin India Co, and DDW The Color House are key players of the Global Food Colorants Market.

Segmentation

Global Food Colorants Market is segmented into type and application. Based on type, the market has been segmented into natural and synthetic. The synthetic segment dominated the market in 2020 with a market share of nearly 60%. Based on application, the market has been segregated into bakery & confectionery, dairy & frozen desserts, beverages, sweet & savory snacks, meat, poultry & seafood products, and others. The meat, poultry & seafood products segment is expected to register the highest CAGR of 6.0% during the forecast period. Consumption of these products owing to their convenience and hectic lifestyles led by consumers can facilitate segment growth in the global food colorants market.

Regional Analysis

The global food colorants market, by region, has been segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

The APAC food colorants market is expected to be highly lucrative for market players operating in the food colorants market owing to the significant growth of the food industry in Asia-Pacific.

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