Food Colorants Market Size

Food Colorants Market Size

Food Colorants Market size valued at USD 4.2 billion in 2023 and is projected to exhibit 6% CAGR from 2024 to 2032.

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Surging production of processed foods as a result of the emergence of fast-paced lifestyles is expected to propel the market demand. For instance, as per data published by the Directorate General of Commercial Intelligence & Statistics (DGCI&S), India’s agricultural and processed food exports increased by 25% in Q2 of the current FY 2022-23 as compared to the same period in FY 2021-22. Food additives are a major component of processed foods, adding texture, taste, and physical characteristics to the product. Over the last decade, the consumption of processed foods has amplified drastically, driving health concerns associated with lack of nutrition and chronic illnesses. Hence, the use of organic raw materials and natural additives is gaining substantial momentum in the food processing sector for producing cleaner and healthier food products.