HOME Top Market Reports Food Colors Market by Type (Natural, Synthetic, Nature-Identical), Application (Beverages, Processed Food, Bakery & Confectionery Products, Oils & Fats, Dairy Products, Meat, Poultry, Seafood), Form, Solubility, and Region - Global Forecast to 2023

Food Colors Market by Type (Natural, Synthetic, Nature-Identical), Application (Beverages, Processed Food, Bakery & Confectionery Products, Oils & Fats, Dairy Products, Meat, Poultry, Seafood), Form, Solubility, and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: July 2018
Report Code: FB 2380

 

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[206 Pages Report] The food colors market was valued at USD 3.71 billion in 2017; it is projected to grow at a CAGR of 5.7%, to reach USD 5.12 billion by 2023. The basic objective of the report is to define, segment, and project the global market size for food colors on the basis of application, type, form, solubility, and region. Other objectives include analyzing the opportunities in the market for stakeholders and providing a competitive landscape of market trends, analyzing the macro and microeconomic indicators of this market to provide factor analysis, and to project the growth rate of the food colors market. The base year considered for the study is 2017 while the forecast period considered is from 2018 to 2023.

Food Colors Market

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This report includes estimations of the market size in terms of value (USD million). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global food colors market and to estimate the size of various other dependent submarkets. The key players in the market have been identified through secondary research (from sources such as press releases, paid databases such as Factiva and Bloomberg), annual reports, and financial journals; their market shares in respective regions have also been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources. The figure below shows the breakdown of profiles of industry experts that participated in the primary discussions.

Food Colors Market

To know about the assumptions considered for the study, download the pdf brochure

The key players that are profiled in the report include ADM (US), DowDuPont (US), Sensient Technologies (US), Kalsec (US), DDW (US), Chr. Hansen (Denmark), DSM (Netherlands), Naturex (France), Dφhler Group (Germany), Fiorio Colori (Italy), LycoRed (Israel), and Frutarom (Israel).

This report is targeted at the existing players in the industry, which include the following:

  • Regulatory and research organizations
  • Food color manufacturers, suppliers, distributors, and retailers
  • Food & beverage producers, suppliers, distributors, and retailers
  • Color extraction equipment manufacturers, traders, distributors, and dealers

“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Drivers

Increasing demand for natural colors

The demand for natural food colors over synthetic food colors is increasing due to growing consumer awareness for clean label products, health hazards associated with synthetic colors, and the health benefits achieved by using natural food colors. Synthetic colors can cause allergic disorders among consumers. The use of chemicals with heavy metals such as lead or arsenic to manufacture synthetic food colors can cause life-threatening diseases. Natural food colors are gaining market attention due to their natural origin appealing to consumers who view them as a “safe to use” product. Natural colors reduce the risk of allergies and intolerance among consumers. Such factors are increasing demand for natural colors in food & beverage applications.

Increasing consumer awareness for clean-label products

The demand for food with a natural and clean label is increasing across the world, owing to increasing health awareness, increasing spending power of consumers, and increasing food adulteration instances. Food safety concerns caused by the chemical contamination of food and ill-effects of synthetic additives have resulted in an increasing number of consumers demanding clean label products. This rising demand has led to the launch of several new products bearing claims such as “natural.” As a result, food manufacturers are investing in clean labels, thereby leading to the introduction of new products or revision of existing product portfolios by incorporating clean label food colors.

Restraints

Health hazards of synthetic colorants

In 2007, a UK government-funded study concluded that the consumption of artificial colors results in hyperactivity in 3-year-old and 8/9-year-old children. The Food and Drug Administration (FDA) found that synthetic colors (Blue 1, Blue 2, Green 3, Red 40, Yellow 5, and Yellow 6) show signs of causing cancer in lab animals. Artificial colors such as yellow 5, yellow 6, and red 40 have been found to contain carcinogens. Caffeine is widely used as a colorant in soft drinks, which may cause heart palpitations and heart defects. Such adverse effects caused by synthetic food colors on the health of consumers are posing as a restraint for the growth of the food colors market.

Stringent regulations pertaining to use of colors in food applications

Stringent regulations imposed by the federal bodies of various countries have restrained the usage of synthetic colorants in food & beverage products. In the US, the FDA is the key regulating body for food additives. It regulates the inclusion of synthetic colors in food & beverages. Such regulations have restricted the use and demand for food colors. For instance, in 2008, a ruling was passed to ban food coloring in the UK. The six colors banned are E110, E104, E122, E129, E103, and E124. This has tremendously affected the consumption of food coloring in the food industry in the UK and its neighboring countries.

Scope of the Report

The food colors market has been segmented as follows:

On the basis of Type,

  • Natural
    • Carmine
    • Anthocyanins
    • Caramel 
    • Annatto
    • Carotenoids
    • Chlorophyll
    • Spirulina
    • Others (betalains, canthaxanthin, anthraquinones, curcumin, turmeric, and gardenia)
  • Synthetic
    • Blue
    • Red
    • Yellow
    • Green
    • Amaranth
    • Carmoisine 
    • Others (black PN, chocolate brown, and blue IV.
  • Nature identical

On the basis of Application,

  • Food
    • Processed food
    • Bakery & confectionery products
    • Meat, poultry, and seafood 
    • Oils & fats
    • Dairy products
    • Others (breakfast cereals, fruit & vegetable extract, soups, condiments & spices, dressings, and sauces)
  • Beverages
    • Juice & juice concentrates
    • Functional drinks
    • Carbonated soft drinks
    • Alcoholic drinks

On the basis of Form,

  • Liquid
  • Gel
  • Powder

On the basis of Solubility,

  • Dye
  • Lake  

On the basis of Region,

  • North America
  • Europe
  • Asia Pacific
  • RoW (South America, the Middle East, and Africa)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific scientific needs. The following customization options are available for the report:

Segmental Analysis

  • Further breakdown of food colors on the basis of types such as betalains, canthaxanthin, anthraquinones, curcumin, turmeric, and gardenia

Geographic Analysis

  • Further breakdown of the Rest of Asia Pacific food colors market, by key country
  • Further breakdown of other countries in the Rest of the World food colors market, by key country

Company Information

  • Detailed analyses and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Periodization Considered
    1.5 Currency Considered
    1.6 Unit Considered
    1.7 Stakeholders

2 Research Methodology (Page No. - 25)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 37)
    4.1 Opportunities in the Food Colors Market
    4.2 Food Colors Market, By Key Country
    4.3 Food Colors Market, By Type & Region
    4.4 Developed vs Developing Markets for Food Colors
    4.5 Food Colors Market, By Application & Region
    4.6 Food Colors Market, By Solubility
    4.7 Food Colors Market, By Form
    4.8 North America: Food Colors Market, By Type & Country, 2017

5 Market Overview (Page No. - 44)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Natural Colors
                               5.2.1.1.1 Increasing Consumer Awareness for Clean-Label Products
                               5.2.1.1.2 Health Benefits of Certain Natural Food Colors & Flavors
                    5.2.1.2 Need to Enhance Product Appeal
                               5.2.1.2.1 Growing Trade, Investment, and Expenditure in Processed Food & Beverages Market
                    5.2.1.3 Technological Advancements & Growing R&D Activities
                               5.2.1.3.1 Floral Colors Gaining Market Attention
                    5.2.1.4 Growing Competitive Strategies By Key Players Through M&A Activities
                    5.2.1.5 Consumer Interest in Organic Products
           5.2.2 Restraints
                    5.2.2.1 Health Hazards of Synthetic Colorants
                    5.2.2.2 Stringent Regulations Pertaining to Use of Colors in Food Applications
                    5.2.2.3 Low Stability and High Cost of Natural Colors
           5.2.3 Opportunities
                    5.2.3.1 Innovative Color Extractions Through New Raw Material Sources
                    5.2.3.2 Increasing Ventures in Asia Pacific and South America
                    5.2.3.3 Safety Reassessment of Synthetic Food Colors
                    5.2.3.4 Launching of Advanced Products
                               5.2.3.4.1 Innovative Color Shades
                               5.2.3.4.2 Multi-Functional Colors
                               5.2.3.4.3 Colors for Sensory Impact
                    5.2.3.5 Consumer Willingness to Pay More for Natural Colors
                    5.2.3.6 Microencapsulated Natural Colors
           5.2.4 Challenges
                    5.2.4.1 Consumer Preference for Coloring Foods in Place of Natural Colors Due to Labeling Mandates for E Numbers
                    5.2.4.2 Misperception Pertaining to Titanium Dioxide Among Consumers

6 Industry Trends (Page No. - 68)
    6.1 Introduction
    6.2 Supply Chain
           6.2.1 Prominent Companies
           6.2.2 Small and Medium Enterprises
           6.2.3 End Users (Manufacturers/Consumers)
    6.3 Value Chain
    6.4 Pest Analysis
           6.4.1 Political Factors
                    6.4.1.1 Government & Other Regulations
                    6.4.1.2 Lack of Transparency in Patent Protection Laws
           6.4.2 Economic Factors
                    6.4.2.1 Increasing Prices of Ingredients
                    6.4.2.2 Population Growth & Increasing Spending Power
                    6.4.2.3 Labor Cost
                    6.4.2.4 Global Economic Conditions
           6.4.3 Social Factors
                    6.4.3.1 Changing Food Habits & Changes in Lifestyles
           6.4.4 Technological Factors
                    6.4.4.1 Technological Developments
    6.5 Export-Import Data

7 Food Colors Market, By Type (Page No. - 77)
    7.1 Introduction
    7.2 Natural Colors
           7.2.1 Carmine
           7.2.2 Anthocyanins
           7.2.3 Caramel
           7.2.4 Annatto
           7.2.5 Carotenoids
           7.2.6 Chlorophyll
           7.2.7 Spirulina
           7.2.8 Others
    7.3 Synthetic
           7.3.1 Blue
           7.3.2 Red
           7.3.3 Yellow
           7.3.4 Green
           7.3.5 Amaranth
           7.3.6 Carmoisine
           7.3.7 Others
    7.4 Nature Identical

8 Food Colors Market, By Application (Page No. - 96)
    8.1 Introduction
    8.2 Food
           8.2.1 Processed Food
           8.2.2 Bakery & Confectionery Products
           8.2.3 Meat, Poultry, and Seafood
           8.2.4 Oils & Fats
           8.2.5 Dairy Products
           8.2.6 Others
    8.3 Beverages
           8.3.1 Juice & Juice Concentrates
           8.3.2 Functional Drinks
           8.3.3 Carbonated Soft Drinks
           8.3.4 Alcoholic Drinks

9 Food Colors Market, By Form (Page No. - 109)
    9.1 Introduction
    9.2 Liquid
    9.3 Powder
    9.4 Gel

10 Food Colors Market, By Solubility (Page No. - 112)
     10.1 Introduction
     10.2 Dyes
     10.3 Lakes

11 Food Colors Market, By Region (Page No. - 115)
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 UK
             11.3.3 France
             11.3.4 Russia
             11.3.5 Italy
             11.3.6 Spain
             11.3.7 Rest of Europe
     11.4 Asia Pacific
             11.4.1 China
             11.4.2 India
             11.4.3 Japan
             11.4.4 Australia & New Zealand
             11.4.5 Rest of Asia Pacific
     11.5 Rest of the World (RoW)
             11.5.1 South America
             11.5.2 Africa
             11.5.3 Middle East

12 Competitive Landscape (Page No. - 159)
     12.1 Overview
     12.2 Market Ranking
     12.3 Competitive Scenario
             12.3.1 New Product Launches & Developments and New Technology Launches
             12.3.2 Expansions & Investments
             12.3.3 Mergers & Acquisitions

13 Company Profiles (Page No. - 165)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     13.1 ADM
     13.2 Chr. Hansen
     13.3 Dowdupont
     13.4 Sensient Technologies
     13.5 DSM
     13.6 Naturex
     13.7 DDW
     13.8 Dφhler Group
     13.9 Fiorio Colori
     13.10 Kalsec
     13.11 Frutarom
     13.12 Lycored

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 195)
     14.1 Discussion Guide
     14.2 More Company Developments
             14.2.1 Expansions & Investments
             14.2.2 New Product Launches & Developments and New Technology Launches
             14.2.3 Acquisitions
             14.2.4 Merger
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (129 Tables)

Table 1 US Dollar Exchange Rates Considered for the Study, 2015–2017
Table 2 List of Patents Pertaining to Food Colors, 2016–2018
Table 3 Natural Coloring Agents and Their Health Benefits
Table 4 Use of Food Colors for Enhancing Product Appeal
Table 5 Synthetic Food Colors and Their Health Hazards
Table 6 Coloring Food, Nutrients, and Health Benefits
Table 7 E-Numbers of Food Colors
Table 8 Import Data for Food Colors
Table 9 Export Data for Food Colors
Table 10 Largest Food Exports, By Country, 2014
Table 11 List of Exporters of Synthetic Organic Coloring Matter, 2012–2016 (USD Thousand)
Table 12 Food Colors Market Size, By Type, 2016–2023 (USD Million)
Table 13 Commonly Used Exempt Colors & Their Applications
Table 14 Natural Food Colors Market Size, By Region, 2016–2023 (USD Million)
Table 15 Market for Natural Food Colors Size, By Subtype, 2016–2023 (USD Million)
Table 16 Carmine: Natural Food Colors Market Size, By Region, 2016–2023 (USD Million)
Table 17 Anthocyanins: Natural Food Colors Market Size, By Region, 2016–2023 (USD Million)
Table 18 Caramel: Natural Food Colors Market Size, By Region, 2016–2023 (USD Million)
Table 19 Annatto: Market for Natural Food Colors Size, By Region, 2016–2023 (USD Million)
Table 20 Carotenoids: Natural Food Colors Market Size, By Region, 2016–2023 (USD Million)
Table 21 Chlorophyll: Natural Food Colors Market Size, By Region, 2016–2023 (USD Million)
Table 22 Spirulina: Natural Food Colors Market Size, By Region, 2016–2023 (USD Million)
Table 23 Other Natural Food Colors Market Size, By Region, 2016–2023 (USD Million)
Table 24 E-Number of Colors
Table 25 Synthetic Food Colors Market Size, By Subtype, 2016–2023 (USD Million)
Table 26 Synthetic Colors Market Size, By Region, 2016–2023 (USD Million)
Table 27 Blue: Synthetic Food Colors Market Size, By Region, 2016–2023 (USD Million)
Table 28 Red: Synthetic Food Colors Market Size, By Region, 2016–2023 (USD Million)
Table 29 Yellow: Synthetic Food Colors Market Size, By Region, 2016–2023 (USD Million)
Table 30 Green: Synthetic Food Colors Market Size, By Region, 2016–2023 (USD Million)
Table 31 Amaranth: Synthetic Food Colors Market Size, By Region, 2016–2023 (USD Million)
Table 32 Carmoisine: Synthetic Food Colors Market Size, By Region, 2016-2023 (USD Million)
Table 33 Other Synthetic Food Colors Market Size, By Region, 2016–2023 (USD Million)
Table 34 Nature Identical Colors Market Size, By Region, 2016–2023 (USD Million)
Table 35 Food Colors Market Size, By Application, 2016–2023 (USD Million)
Table 36 Food Colors Market Size, By Subapplication, 2016–2023 (USD Million)
Table 37 Beverage Colors Market Size, By Subapplication, 2016–2023 (USD Million)
Table 38 Colors Market Size in Food Applications, By Region, 2016–2023 (USD Million)
Table 39 Colors Market Size in Processed Food, By Region, 2016–2023 (USD Million)
Table 40 Colors Market Size in Bakery & Confectionery Products, By Region, 2016–2023 (USD Million)
Table 41 Colors Market Size in Meat, Poultry, and Seafood, By Region, 2016–2023 (USD Million)
Table 42 Colors Market Size in Oils & Fats, By Region, 2016–2023 (USD Million)
Table 43 Colors Market Size in Dairy Products, By Region, 2016–2023 (USD Million)
Table 44 Colors Market Size in Other Food Applications, By Region, 2016–2023 (USD Million)
Table 45 Colors Market Size in Beverage Applications, By Region, 2016–2023 (USD Million)
Table 46 Colors Market Size in Juice & Juice Concentrates, By Region, 2016–2023 (USD Million)
Table 47 Colors Market Size in Functional Drinks, By Region, 2016–2023 (USD Million)
Table 48 Colors Market Size in Carbonated Soft Drinks, By Region, 2016–2023 (USD Million)
Table 49 Colors Market Size in Alcoholic Drinks, By Region, 2016–2023 (USD Million)
Table 50 Food Colors Market Size, By Form, 2016-2023 (USD Million)
Table 51 Market Size, By Solubility, 2016-2023 (USD Million)
Table 52 Approved Lake Colors in the European Union
Table 53 Food Colors Market Size, By Region, 2016–2023 (USD Million)
Table 54 Market Size, By Region, 2016–2023 (KT)
Table 55 North America: Food Colors Market Size, By Country, 2016–2023 (USD Million)
Table 56 North America: Market Size, By Country, 2016–2023 (KT)
Table 57 North America: Market Size, By Type, 2016–2023 (USD Million)
Table 58 North America: Natural Food Colors Market Size, By Subtype, 2016–2023 (USD Million)
Table 59 North America: Synthetic Food Colors Market Size, By Subtype, 2016–2023 (USD Million)
Table 60 North America: Food Colors Market Size, By Application, 2016–2023 (USD Million)
Table 61 North America: Colors Market Size in Food, By Subapplication, 2016–2023 (USD Million)
Table 62 North America: Market Size in Beverages, By Subapplication, 2016–2023 (USD Million)
Table 63 US: Market Size, By Type, 2016–2023 (USD Million)
Table 64 US: Market Size, By Application, 2016–2023 (USD Million)
Table 65 Canada: Market Size, By Type, 2016–2023 (USD Million)
Table 66 Canada: Market Size, By Application, 2016–2023 (USD Million)
Table 67 Mexico: Market Size, By Type, 2016–2023 (USD Million)
Table 68 Mexico: Market Size, By Application, 2016–2023 (USD Million)
Table 69 Europe: Food Colors Market Size, By Country, 2016–2023 (USD Million)
Table 70 Europe: Market Size, By Country, 2016–2023 (KT)
Table 71 Europe: Market Size, By Type, 2016–2023 (USD Million)
Table 72 Europe: Natural Food Colors Market Size, By Subtype, 2016–2023 (USD Million)
Table 73 Europe: Synthetic Food Colors Market Size, By Subtype, 2016–2023 (USD Million)
Table 74 Europe: Food Colors Market Size, By Application, 2016–2023 (USD Million)
Table 75 Europe: Market Size, By Subapplication, 2016–2023 (USD Million)
Table 76 Europe: Beverage Colors Market Size, By Subapplication, 2016–2023 (USD Million)
Table 77 Germany: Food Colors Market Size, By Type, 2016–2023 (USD Million)
Table 78 Germany: Market Size, By Application, 2016–2023 (USD Million)
Table 79 UK: Market Size, By Type, 2016–2023 (USD Million)
Table 80 UK: Market Size, By Application, 2016–2023 (USD Million)
Table 81 France: Market Size, By Type, 2016–2023 (USD Million)
Table 82 France: Market Size, By Application, 2016–2023 (USD Million)
Table 83 Russia: Market Size, By Type, 2016–2023 (USD Million)
Table 84 Russia: Market Size, By Application, 2016–2023 (USD Million)
Table 85 Italy: Market Size, By Type, 2016–2023 (USD Million)
Table 86 Italy: Market Size, By Application, 2016–2023 (USD Million)
Table 87 Spain: Market Size, By Type, 2016–2023 (USD Million)
Table 88 Spain: Market Size, By Application, 2016–2023 (USD Million)
Table 89 Rest of Europe: Food Colors Market Size, By Type, 2016–2023 (USD Million)
Table 90 Rest of Europe: Market Size, By Application, 2016–2023 (USD Million)
Table 91 Asia Pacific: Food Colors Market Size, By Country, 2016–2023 (USD Million)
Table 92 Asia Pacific: Market Size, By Country, 2016–2023 (KT)
Table 93 Asia Pacific: Market Size, By Type, 2016–2023 (USD Million)
Table 94 Asia Pacific: Natural Food Colors Market Size, By Subtype, 2016–2023 (USD Million)
Table 95 Asia Pacific: Synthetic Food Colors Market Size, By Subtype, 2016–2023 (USD Million)
Table 96 Asia Pacific: Food Colors Market Size, By Application, 2016–2023 (USD Million)
Table 97 Asia Pacific: Market Size, By Subapplication, 2016–2023 (USD Million)
Table 98 Asia Pacific: Beverage Colors Market Size, By Subapplication, 2016–2023 (USD Million)
Table 99 China: Food Colors Market Size, By Type, 2016–2023 (USD Million)
Table 100 China: Market Size, By Application, 2016–2023 (USD Million)
Table 101 India: Market Size, By Type, 2016–2023 (USD Million)
Table 102 India: Market Size, By Application, 2016–2023 (USD Million)
Table 103 Japan: Market Size, By Type, 2016–2023 (USD Million)
Table 104 Japan: Market Size, By Application, 2016–2023 (USD Million)
Table 105 Australia & New Zealand: Food Colors Market Size, By Type, 2016–2023 (USD Million)
Table 106 Australia & New Zealand: Market Size, By Application, 2016–2023 (USD Million)
Table 107 Rest of Asia Pacific: Food Colors Market Size, By Type, 2016–2023 (USD Million)
Table 108 Rest of Asia Pacific: Market Size, By Application, 2016–2023 (USD Million)
Table 109 RoW: Market Size, By Region, 2016–2023 (USD Million)
Table 110 RoW: Market Size, By Region, 2016–2023 (KT)
Table 111 RoW: Market Size, By Type, 2016–2023 (USD Million)
Table 112 RoW: Natural Food Colors Market Size, By Subtype, 2016–2023 (USD Million)
Table 113 RoW: Synthetic Food Colors Market Size, By Subtype, 2016–2023 (USD Million)
Table 114 RoW: Food Colors Market Size, By Application, 2016–2023 (USD Million)
Table 115 RoW: Market Size, By Subapplication, 2016–2023 (USD Million)
Table 116 RoW: Beverage Food Colors Market Size, By Subapplication, 2016–2023 (USD Million)
Table 117 South America: Food Colors Market Size, By Type, 2016–2023 (USD Million)
Table 118 South America: Market Size, By Application, 2016–2023 (USD Million)
Table 119 Africa: Food Colors Market Size, By Type, 2016–2023 (USD Million)
Table 120 Africa: Market Size, By Application, 2016–2023 (USD Million)
Table 121 Middle East: Food Colors Market Size, By Type, 2016–2023 (USD Million)
Table 122 Middle East: Market Size, By Application, 2016–2023 (USD Million)
Table 123 Product Launches & Developments and New Technology Launches, 2015–2018
Table 124 Expansions & Investments, 2014–2018
Table 125 Mergers & Acquisitions, 2014–2018
Table 126 Expansions & Investments, 2016–2017
Table 127 New Product Launches & Developments and New Technology Launches, 2013–2016
Table 128 Acquisitions, 2013–2015
Table 129 Merger, 2017


List of Figures (57 Figures)

Figure 1 Food Colors Market Segmentation
Figure 2 Food Colors Market: Geographic Segmentation
Figure 3 Research Design: Food Colors
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Food Colors Market Snapshot, By Type, 2018 vs 2023
Figure 8 Market Size, By Application, 2018–2023
Figure 9 Food Colors Market Size, By Solubility, 2018–2023
Figure 10 Asia Pacific to Grow at the Highest CAGR in the Food Colors Market, 2018–2023
Figure 11 Food Colors Market Share (Value), By Region
Figure 12 Growing Demand for Natural Food Colors Due to Increasing Consumer Awareness to Drive the Growth of the Food Colors Market
Figure 13 India to Be the Fastest-Growing Country in the Food Colors Market By 2023
Figure 14 Natural Segment to Dominate the Market Through 2023
Figure 15 Developing Countries to Emerge at the Highest Growth Rates During the Forecast Period
Figure 16 Europe Dominated the Food Colors Market Across All Applications in 2017
Figure 17 Dye Segment Dominated the Food Colors Market, in Terms of Solubility
Figure 18 Liquid Form Dominated the Food Colors Market
Figure 19 US Accounted for the Largest Share in 2017
Figure 20 Market Dynamics: Food Colors Market
Figure 21 Consumer Survey Results on Purchase Interest Change for Converting Products From Synthetic Colors to Natural Colors, 2016
Figure 22 Consumer Perception & Expectation of Natural Label on Processed and Packaged Food, 2015
Figure 23 Contribution of Food Processing Industry to GDP of India, 2016
Figure 24 US Processed Food Export, 2009 vs 2013 (USD Billion)
Figure 25 Trend of Food Processing Projects in Us, 2011–2015
Figure 26 India 12th Five Year Plan: Expenditure Share on Food Processing Sector, 2012–17
Figure 27 Top 10 Countries With the Largest Markets for Organic Food, 2016 (USD Million)
Figure 28 Top Ten Countries With the Largest Number of Organic Producers, 2016
Figure 29 Food Color Export From India, 2012-17 (Metric Tonnes)
Figure 30 Supply Chain: Food Colors Market
Figure 31 Value Chain Analysis of Food Colors Market (2017): Sourcing and Production are Key Contributors
Figure 32 Natural Food Colors Segment to Dominate the Market Through 2023 (USD Million)
Figure 33 Carmine Segment to Dominate the Market for Natural Colors Through 2023 (USD Million)
Figure 34 Food Colors Market Size, By Application, 2018 vs 2023 (USD Million)
Figure 35 Colors Market Size in Food Applications, By Region, 2018 vs 2023
Figure 36 Trend of Food Processing Projects in Us, 2011-2015
Figure 37 Liquid Segment to Dominate the Market Through 2023 (USD Million)
Figure 38 Food Colors Market Size, By Solubility, 2018 vs 2023 (USD Million)
Figure 39 US Held the Largest Share in the Food Colors Market, 2017
Figure 40 North America: Market Snapshot
Figure 41 Europe: Market Snapshot
Figure 42 Asia Pacific Food Colors Market Snapshot
Figure 43 Key Developments of the Leading Players in the Food Colors Market Between 2013 and 2018
Figure 44 Top Five Companies in the Food Colors Market, 2017
Figure 45 Market Evaluation Framework
Figure 46 ADM: Company Snapshot
Figure 47 ADM: SWOT Analysis
Figure 48 Chr. Hansen: Company Snapshot
Figure 49 Chr. Hansen: SWOT Analysis
Figure 50 Dowdupont: Company Snapshot
Figure 51 Dowdupont: SWOT Analysis
Figure 52 Sensient Technologies: Company Snapshot
Figure 53 Sensient Technologies: SWOT Analysis
Figure 54 DSM: Company Snapshot
Figure 55 DSM: SWOT Analysis
Figure 56 Naturex: Company Snapshot
Figure 57 Frutarom: Company Snapshot

The global food colors market is estimated at USD 3.88 billion in 2018 and is projected to grow at a CAGR of 5.7%, to reach USD 5.12 billion by 2023. Factors such as the growing demand for natural food colors have significantly fueled the market for food colors due to the increasing consumer awareness for clean-label products and additional health benefits of certain natural food colors.

On the basis of type, the carmine color accounted for the largest share, followed by caramel, in 2018. Due to their wide application areas such as cake icings, hard candy, bakery products, ice cream, yogurt, gelatin desserts, fruit syrups, and jam/preserves in the food industry, caramels are largely used by food & beverage manufacturers. Recent trends in the food industry see consumers leaning toward natural colors because of the health benefits associated with them.

The food colors market, on the basis of application, is segmented into the food and beverages segments. Processed food accounted for the largest share in 2018, followed by bakery & confectionery products. Processed foods such as crisps, sausage rolls, tinned vegetables, savory snacks, and other convenience foods held the largest share of the food colors market.

On the basis of form, the liquid segment accounted for the largest share in 2018. Liquid dyes are the most conventional forms applied in almost all varieties of foods. Their applications include tinting icings, batters, and doughs.

On the basis of solubility, dye accounted for the largest share in 2018. Some examples of natural dyes that are used as food colors are carotenoids, chlorophyll, anthocyanin, and turmeric. These dyes contain nutritional values such as antioxidants, vitamins, and impart other health benefits; thus, there is a high demand for these kinds of dyes in the food industry.

Food Colors Market

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Europe accounted for the largest share of the food colors market in 2018. This market is driven by increased awareness about safe food color products among consumers, and inclination toward the health benefits provided by natural food colors. Asia Pacific is projected to be the fastest-growing market between 2018 and 2023. Emerging economies such as China and India play an important role in supplying food colors, either as raw materials or in processed forms, to the European market.

The major restraining factor for the food colors market is the health problem caused by consuming some synthetic colors. Another factor could be the stability of natural colors, which changes with changes in atmospheric or processing conditions such as pH, temperature, and light. Some natural colors start decolorizing after some time of processing. Some natural colors can impart off-tones to the final product during processing.

Companies such as ADM (US), Sensient Technologies (US), Chr. Hansen (Denmark), DowDuPont (US), and DSM (Netherlands) have acquired leading market positions through their broad product portfolio, along with a focus on diverse end-user segments. They are also focused on innovations and are geographically diversified.

Opportunities

Innovative color extractions through new raw material sources

With the growing health consciousness among consumers, the demand for synthetic food coloring is declining. As a result of the adverse effects that these colors cause to human health, food manufacturers are constantly on the lookout for innovative ways to extract colors from alternative natural sources. Untapped raw material sources such as cabbage and algae beta-carotene that are compliant with the regulatory mandates offer opportunities for the growth of the food colors market. Intercropping of existing crops with coloring crops offers high growth opportunities for market by offering new sources of food colors.

Increasing ventures in Asia Pacific and South America

Food color manufacturers have tremendous opportunities for growth in the Asia Pacific and South American regions. Localizing operations can help in reducing costs and improving access to local distribution networks, thereby optimizing profit margins. Resources and labor are readily available at a cheaper rate in these regions. The governments in China and India are providing incentives for multinationals to set up Greenfield ventures. The Indian government has declared major tax breaks to attract multinational investors. China provides special tax incentives over the usual tax holidays to encourage foreign investors.

India, China, and Brazil are focusing more on the biotechnological development and its application in the manufacturing of natural coloring ingredients. Food & beverage manufacturers are witnessing tremendous demand from these countries due to the increased spending power of consumers on healthy food and changed eating habits & preferences. All these factors are offering opportunities for food colors in the emerging economies of Asia Pacific and South America.

Challenges

Consumer preference for coloring foods in place of natural colors due to labeling mandates for E numbers

Coloring foods are products such as fruits and vegetables that are used instead of food colors in food & beverage processing to impart color to the final product. The demand for coloring food such as tomato, beetroot, and carrot is rising as an alternative to other natural colors. Some regulatory bodies including EU legislation mandate the labeling of E number for natural colors. Consumers associate E numbers with additives in food. Due to this, the manufacturers and consumers are opting for coloring food to substitute natural colorants to avoid the need for labeling mandates. This creates a challenge for the growth of the natural food colors market.

Misperception pertaining to titanium dioxide among consumers

The FDA has categorized titanium dioxide as a safe to use colorant for food applications. Food-grade titanium dioxide within maximum permissible limits is safe, and no health risks have been observed pertaining to it. Consumers perceive titanium dioxide as a chemical which can cause life-threatening diseases such as cancer. However, there are no adequately evident studies available to prove this. However, misperceptions about the health hazards of titanium dioxide are creating a challenge for market growth.

Product Launches & Developments and New Technology Launches, 2015–2018

Date

Company

Description

May 2018

Sensient Technologies

Sensient Technologies launched three new food colors—organic black carrot, organic annatto, and organic beet. With this launch, the company extended its organic food color portfolio.

May 2017

ADM

WILD Flavors and Specialty Ingredients, which is a business division of ADM, extended its natural food color portfolio by adding food colors based on extracts from pumpkin and a special carrot variety containing lycopene.

Expansions & Investments, 2014–2018

Date

Company

Description

January 2018

ADM

ADM established an innovation center in Singapore to support R&D activities in the Asia Pacific region.

October 2017

Naturex

Naturex expanded its geographic reach by appointing Chimab (Italy) as its distributor in the Italian market.

Mergers & Acquisitions, 2014–2018

Date

Company

Description

April 2018

Chr. Hansen

Chr. Hansen expanded its natural food colors division to North America by acquiring a manufacturing facility of Banker Wire (US).

March 2018

Sensient Technologies

Sensient Technologies acquired GlobeNatural (Peru). The acquired company is named as Sensient Natural Colors Peru S.A.C. (Peru).

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