Home > Food, Nutrition & Animal Feed > Food & Beverages Color Fixing Agents Market

Food & Beverages Color Fixing Agents Market Size By Product (Sodium Nitrite, Sodium Nitrate, Potassium Nitrite, and Potassium Nitrate), By Application (Beverages, Meat, Poultry & Fish, Bakery, Dairy), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI3227
  • Published Date: Feb 2023
  • Report Format: PDF

Industry drivers

Food & Beverages Color Fixing Agents Market size crossed USD 2.5 billion in 2022 and is projected to exhibit over 4.5% CAGR between 2023 and 2032. A noticeable surge in the consumption of meat and meat products worldwide is a leading factor spurring the market demand.
 

Food & Beverages Color Fixing Agents Market

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The demand for meat has grown exponentially over the recent decades, given a visible rise in per capita consumption across high-income countries instigated by expanding geriatric population and the growing dietary concerns seeking greater diversity in protein sources. Besides, the consistent population growth and increasing income levels across low and middle-income economies have further accentuated the trend. For instance, according to recent OECD estimations, to meet the rising demand, the global meat supply is poised to reach 377Mt by 2031.
 

Furthermore, the consistent improvement in animal breeding and management practices and the ongoing herd and fleet expansion to increase meat productivity will create a favorable growth outlook for the food & beverages color fixing agents market. However, stringent regulatory norms pertaining to product usage across numerous economies may act as a growth-restraining factor.
 

Positive outlook of the meat industry to augment the demand for sodium nitrate

 Food & Beverages Color Fixing Agents Market Revenue Share, By Product

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Based on product, the food & beverages color fixing agents market share from the Sodium Nitrate segment accounted for USD 600 million in revenues in 2022. Sodium Nitrate is extensively used as a preservative in a variety of food items, including fish, meat, bakery, and dairy products. It helps prevent the growth of bacteria that spoils meat while keeping its red or pink color intact. The flourishing meat industry, coupled with the increased consumption of animal-based products in countries such as China, backed by rising disposable income.
 

Improving economic landscape to increase the penetration of food & beverages color fixing agents across the beverages industry

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market of food & beverages color fixing agents recorded a valuation of USD 2.5 billion in 2022 and is poised to depict over 4.5% CAGR from 2023 to 2032 driven by the commendable rise in the consumption of meat and meat products.

The Sodium Nitrate segment was worth over USD 600 million in 2022 backed by the increasing utilization of sodium nitrate as a preservative in a range of food products due to its ability to prevent bacterial growth and spoilage.

Food & beverages color fixing agents industry revenue from the beverages application segment is was recorded at nearly 660 million in 2022, attributed to the extensive usage of these agents in several alcoholic and non-alcoholic beverages due to their exceptional antioxidant and antibacterial properties.

Prominent companies operating in this industry include BASF SE, AkzoNobel N.V, Merck Group, Yara International, GFS Chemicals, Inc, Naturex, Airedale Chemical, American Elements, Sonac, and Mitsubishi Chemical Corporation.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 191
  • Countries covered: 21
  • Pages: 260

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