(Entertainment-NewsWire.com, October 28, 2021 ) The food colors market is estimated at USD 4.3 billion in 2021; it is projected to grow at a CAGR of 4.7% to reach USD 5.4 billion by 2026. The global market is driven by the highly growing demand for natural food colors, and shifting taste and food appeal preferences among the populations globally. Increase in consumer awareness for clean-label products and the additional health benefits of certain natural food colors is estimated to drive the market for food colors.
The natural colors segment, by type, accounted for the largest share in 2020.
The various resosns that drive the growth of natural food colors in the global food colors market are the increasing food faruds and hazards, the increasing number of food recalls due to presence of inaapropriate ingredients or pathogens and the spread of global pandemics that have heightened the onsumers interestst into the quality and dsafety of food that they consume.Due to these the market for natural colours is estimated to account for the larger market share.
By application, the food products segment is projected to grow at the highest CAGR during the forecast period.
Food colors find exhaustive applications in the food products market through end use industries such as bakery & confectionery products, meat, poultry, and seafood; oils & fats; and dairy products. Food colors are widely used in these products as they increase the product appeal. Further the retail sales for processed foods are projected to witness significant growth in the market through online sales amidst the spread of the COVID-19 pandemic.
The liquid segment, by form dominated the market in 2020.
Liquids are the most widely available and preferred form of food coloring due to their convenience in usage and lower cost. They are available in squeeze bottles that allow gradual coloring until the required tone is achieved. Liquid dyes are the most conventional forms applied in almost all varieties of foods. Their applications include tinting icings, batters, and doughs. Food colors in liquid form are used for food items that require lighter and more pastel colorings for items, such as cake icings, candies, and meat substitutes. They are easy to mix and provide color consistency. Liquid food colors also reduce problems of poor pigment dispersion
The dye segment, by solubility, is witnessed to grow at the fastest CAGR during the forecast period.
Dye food colors are in powder form and fond usage in a variety of food colors. These products need to used in minor quantities to colors bulk food productions due to which their use is higher. Further dyes have higher shelf life of upto 4-5 years and thus are preferred by the food ma nufacturers globally. Dyes find applications in various beverages, dry mixes, baked goods, confectioneries, dairy products, pet foods, and a variety of other products. Some examples of natural dyes that are used as food colors are carotenoids, chlorophyll, anthocyanin, and turmeric.
Key players in this market include ADM (US), International Flavors & Fragrances Inc. (US), Sensient Technologies Corporation (US), DSM (Netherlands), Naturex (France), DDW (US), Döhler Group (Germany), Florio Colori (Italy), Lycored (Israel) and Kalsec Inc. (US). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.