(Entertainment-NewsWire.com, November 14, 2017 ) According to the report Food Colors Market, published by Market Data Forecast, the Global market is projected to reach USD 3.83 billion by 2022, at a CAGR of 8.2% from 2017 to 2022.
Food colors Industry are dyes, pigments or substances that adds color when added to food or drink. They are available in the form of liquids, powders, gels, and pastes. They are used both in commercial food production and in domestic cooking. Food colorant also used in various non-food applications like cosmetics, pharmaceuticals, home craft projects, and medical devices.
Increasing demand for clean label products in natural colors market, marketing strategies to improve product using colors and technological advancements in innovation are the primary factors driving the growth of the market.
However, side effects associated with the use of colors is a major factor hampering the growth of the market.
In 2017, the Natural segment is anticipated to command the largest share of the market. This category is also the fastest growing segment during the forecast period. The growth of this category is due to their eco-friendly nature and added health benefits. In 2017, Dyes category is expected to account for the largest share of the market and is also the fastest growing segment. Dyes have wide range of application in food & beverage products. Also properties like greater stability, and brighter coloring as compared natural colorings have increased the demand for dyes.
The Food Colors Market is dominated by North America in 2017. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region.
Food Colors Market: Key Players
The Food Colors market is highly competitive with a large number of players. Some of the major Companies are Chr. Hansen S/A (Denmark), Sensient Technology Corporation (U.S.), Archer Daniels Midland Company (U.S.), Koninklijke DSM N.V. (Netherlands), and FMC Corporation (U.S.). Other companies operating in this market are San-Ei Gen F.F.I. Inc., WILD, Naturex, Phytoneand and GNT Group.
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options.
