(Entertainment-NewsWire.com, May 31, 2018 ) The Global Food Colors Market was worth $2390 million in 2016 and estimated to be growing at a CAGR of 8.2%, to reach $3544.33 million by 2021. Natural food colors and synthetic colors are ever more used as ingredients in newly launched food and beverages.
Food colors are a significant part of the Food Colors market. Food colors are frequently used in foods and beverages to give them a preferred shade of color and enhance their visual observation. Color impacts consumers not only on the conscious level but also on the subliminal level. Color and food combinations can be particularly powerful by leveraging the sensitive connection to taste.
Global Food colors market is anticipated observe high demand for food manifestation improvement as they are taken from sources such as including mineral, animal and vegetables. These are used after processing of foods, beverages and drugs in order to retain color to the product for better appeal. Growing consumer inclination towards nature derived food ingredients due to increasing awareness about side effects of synthetic colors is expected to shift the market towards natural food colors. Side effects associated with few coloring agents are hampering the market growth.
Global Food Colors market is segmented by type into Natural colors, synthetic colors and nature-identical. Natural colors are sub-segmented into Anthocyanins, Carotenoids and Caramel. Synthetic colors are also sub divided into Red, Yellow, Blue and Green. Based on application the market is bifurcated into Beverages, Bakery and Confectionery, Dairy and Meat. On the basis of form food colors market is segregated into Liquid, Liquid Gel, Gel Paste and Powder. The market id divided among Dyes and Lakes based on solubility. The dyes segment is likely to be the biggest and fastest growing segment during the forecast period.
Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. North America region dominates the market with highest number of shares. The market for food colors in the Asia-Pacific region is expected to grow at the highest CAGR. This can be credited to the higher level of production in the countries such as Australia and China.
Various companies are contributing for this market such as LycoRed, DD Williamson, Archer Daniels Midland Company (U.S.), Sethness Products, Fiorio Colori, Chr. Hansen S/A (Denmark), Roha Dyechem, Sensient Technology Corporation (U.S.), Koninklijke DSM N.V. (Netherlands), San-Ei Gen F.F.I. Inc., WILD, DSM, Naturex, Phytone, GNT Group and FMC Corporation (U.S.).
The scope of the report provides: The evaluation of the current market for your product or services and the future implications of the market Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porters Five Forces The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.
About Us: 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, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.