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Food Colors Market -New Revenue Pockets
The food colors market is growing with the increasing food demand. The growth of the natural colors market segment depends on the consumerís preference for natural and healthy food colors. This growth will be maintained in future with new sources of raw material, the launch of new products, and using advanced technology for color production. There are different regulations established by the government on the use of a particular set of synthetic food colors in their respective countries.
Globalization and the changing lifestyle have resulted in an increase in the usage of food colors in the developing markets especially the Asian markets. There has been an increase in key market players establishing their business in these markets.
The demand for food colors is high in developed markets such as U.S. and U.K., and developing countries such as China, Australia, New Zealand, India, and the Latin American countries that are estimated to experience a strong increase in demand for food colors. Developing countries such as China and India that have abundant amounts of raw materials and widely available cheap labor force provide great opportunity for the growth of the colors market. Key players in the color market are setting up their production units in these countries. Thus, it is expected that the colors market in this region will grow tremendously.
Food Colors Market By Type [Natural (Anthocyanin, Carotenoid, Caramel) & Synthetic (Blue, Green, Red, Yellow)], Application (Beverage, Bakery & Confectionery, Dairy & Frozen product, Meat product) & Geography - Global Trends & Forecast To 2019
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