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Food Colorants Market size to exceed $5.85bn by 2027

  • Published Date: January 18, 2022

Food colorants market size is set to surpass USD 5.85 billion by 2027, according to a new research report by Global Market Insights Inc.
 

Growing utilization in processed food products to add distinctive tastes and aromas and to improve the appearance of final products is likely to raise the demand for food colorants. Moreover, the growing consumption of bakery, confectionery and meat products is expected to boost food colorants demand. Manufacturers are seeking for natural alternatives due to stringent regulations regarding the use of synthetic additives in food products should further escalate demand for natural or nature-identical food colorants during the assessment period.
 

Increasing consumption of meat-based products is expected to boost the synthetic food colorants market growth

Synthetic food colorants especially red and yellow are used in semi-cooked or processed meat products such as sausages, bacon, jerky, ham and other poultry, and seafood products. They are used in meat processing to make meat-based products more attractive, appealing and appetizing. According to FAO, and The United Nations Food and Agriculture Organization the global meat consumption is estimated at 324 million tons in 2020 and the global meat consumption will rise by more than 1% in 2021.
 

Increasing consumption of chicken, beef and pork in the US and in developing regions on account of increasing population, changing diet patterns, urbanization, and economic growth is majorly responsible for the increasing consumption of meat products. Synthetic food colorants market from meat poultry & seafood is expected to reach over USD 160 million by 2027 at a CAGR of over 6.5% due to the growing consumption of meat and meat-based products in the US, China, and India.
 

Browse key industry insights spread across 500 pages with 865 market data tables and 10 figures & charts from the report, “Food Colorants Market Forecasts By Type (Natural Colors [By Product {Anthocyanins, Carotenoids, Caramel, Curcumin, Chlorophyll, Paprika Extract, Spirulina}, By Form {Powder, Liquid}, By Solubility {Dye, Lake}, By Application {Beverages, Dairy & Frozen Products, Bakery, Meat, Poultry & Seafood, Confectionery, Oils & Fats}], Synthetic Colors [By Product {Red, Yellow, Blue, Green}, By Form {Powder, Liquid}, By Solubility {Dye, Lake}, By Application {Beverages, Dairy & Frozen Products, Bakery, Meat, Poultry & Seafood, Confectionery, Oils & Fats}], Nature Identical Colors, [By Product {Beta Carotene, Beta Apo 8 Carotenal, Beta Apo 8 Carotenal Ester, Canthaxanthin, Lycopene}, By Form {Powder, Liquid}, By Solubility {Dye, Lake}, By Application {Beverages, Dairy & Frozen Products, Bakery, Meat, Poultry & Seafood, Confectionery, Oils & Fats}]),, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/food-colorant-market

 

Growing consumer preference for natural food additives over synthetic ones will boost the natural food colorants market statistics

Natural food colorants market exceeded USD 1.6 billion in 2020 and is expected to grow at a CAGR of around 7% over the review period. Natural color products must strictly follow the non-chemical extraction process and the use of natural raw material such as fruits, vegetables, minerals, algae etc. to produce natural food colorants. They are high in vitamins, minerals, and other nutrients which are responsible for their high antioxidant, anti-inflammatory properties and free from harmful artificial preservatives & additives thus making them preferable over synthetic colors.
 

Increasing consumer awareness related to hazardous effects of synthetic additives used in food products and preference for natural colors due to increasing health consciousness will be the key factor driving the product demand.
 

Growing consumption of processed food products to boost North American market statistics

North America food colorants market surpassed USD 1.05 billion in 2020 and is expected to grow at a CAGR of over 7% between 2021 and 2027. This growth can be attributed to the growing consumption of processed food items. Food colorants are widely used in ready-to-eat (RTE)  meals, snacks, biscuits & cookies, meat products, breakfast cereals, etc. due to enhance the taste and appearance.
 

Among the various types, synthetic colorants are most widely used in processed food products due to their enhanced coloring ability, homogeneous color distribution, numerous color tone combinations, and ease of application. North America synthetic food colorant market crossed USD 350 million in 2020 and growing at a CAGR of around 7%. However, the growing consumer preference towards natural food additives and favorable government regulations related to the use of color additives in food products encourage the use of natural food colorants.
 

The prominent players operating in the food colorants market are also focusing on entering collaborations and technological partnerships with other market participants to develop innovative and customized products in order to meet consumer demand and specifications. BASF SE, Koninklijke DSM N.V., CHR Hansen Holding A/S, FMC Corporation, Sensient Colors LLC, GNT group, DD Williamson, Naturex, and LycoRED are some of the major players in the market.
 

Authors: Kunal Ahuja, Amit Rawat