Food Colors Market

Market Leader - Food colors Market

The market for food colors is estimated to be USD 4.3 billion in 2021; it is projected to grow at a CAGR of 4.7% to reach USD 5.4 billion by 2026. Food colors play a significant role in enhancing the visual appeal of off-color or colorless products. They also help to retain the original properties of vitamins, flavors, and nutrients in food products that can get altered due to sunlight. The increase in consumption of processed food products across regions is a major factor that is projected to drive the demand for food colors. The demand for confectionery and dairy products is increasing, particularly in emerging economies, such as India, China, Brazil, Argentina, Japan, and South Africa. This has led to an increase in the consumption of food colors, which is projected to continue over the next five years.

Key players in this market include ADM (US), International Flavors & Fragrances Inc. (US), Sensient Technologies Corporation (US), DSM (Netherlands), Naturex (France), DDW (US), Döhler Group (Germany), Florio Colori (Italy), and Lycored (Israel). These players have adopted growth strategies such as collaborations and agreements to increase their presence in the global market.

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Archer Daniels Midland Company (ADM) (US) is primarily engaged in the production of food ingredients, animal feed & feed ingredients, biofuels, and naturally-derived alternatives to industrial chemicals. The company functions through four segments, namely, oilseeds processing, corn processing, Wild Flavors, and Specialty Ingredients, and agricultural services. It offers natural and nature-identical food colors through its NATURE products line, which comes under the Wild Flavors & Specialty Ingredients segment. The company consists of more than 270 plants, 300 ingredient manufacturing facilities, 40 innovation centers, and 460 crop procurement facilities globally. ADM is identified as one of the star players in the food colors market as the company adopts new growth strategies and offers a wide product portfolio with its key focus on innovation in the market.

International Flavors & Fragrances Inc. (IFF) (US) is primarily engaged in the production and distribution of flavors & fragrances for products, such as fine fragrances, cosmetics, detergents, household goods, food, and beverage ingredients. It majorly operates through two business segments, namely, flavors and fragrances. The company’s agreement with Frutarom (Israel) in 2018 has helped it expand in the food colors market. The company now offers a range of food colors under synthetic, as well as natural colors, to their global clients. It has its presence in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. The company is identified as a star player in the global food colors market according to the MnM Analysis. This is due to the company’s strong global presence and research strength.

Sensient Technologies Corporation (US) is a producer and distributor of food colors, flavors, and fragrances. It has two major business segments—the flavors and extracts & colors. The major products offered by the company include flavors and flavor enhancers; fragrances and aroma chemicals; dehydrated vegetables and other food ingredients; natural and synthetic food & beverage colors; cosmetic and pharmaceutical colors; additives and technical colors; inkjet colors and inks, and specialty dyes and pigments. Sensient’s colors group provides natural and synthetic color systems with customized color solutions to food & beverage, cosmetic, pharmaceutical, and industrial customers around the world. As the company offers an exhaustive product portfolio in the food colors market, the company is classified as a star player in the market. Sensient Technologies Corporation is recognized as a star player in the global food colors market as the company focuses on developing its product portfolio in the market and has a strong distribution network in key regions. Sensient Technologies Corporation operates in North America, South America, Asia Pacific, Europe, and Africa.

Related Reports:

Food colors Market by Type (Natural, synthetic, nature-identical), Application (Food products, and beverages), Form (Liquid, powder and gel), Solubility (Dyes and lakes) & Region - Global Forecast to 2026

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Report Code
FB 2380
RI Published ON
7/26/2018
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