Market Data Forecast published a report named as Food Colors Market. The food colors market worth was USD 3.71 Billion in 2020 and it was estimated to rise at a CAGR of 5.7%, to reach USD 5.12 Billion by 2024.
Food colors added to beverages or food items to increase their appeal. Dyes and Pigments are the most usual colorants added to beverages and food items, in liquid, gel paste, liquid gel, and powder form. The global food color market has driven by its ability to improve product appeal and progression in awareness about the beneficial things of natural colors.
The growing food & beverage industry in BRICS in light of the raised domestic consumption has expected to be a main driving aspect for the market over the forecast period.
However, prohibition on the trade of artificial colors hinders market growth.
Report segmented as:
- Natural Colors (Anthocyanins, Carotenoids and Caramel)
- Synthetic Colors (Red, Yellow, Blue and Green)
Based on geography, the market divided under many countries such as North America, Europe, Asia-Pacific and the Rest of the World. Asia-Pacific has led the global Food Colors Market.
Key market players:
- Kalsec, Inc.
- Archer Daniels Midland Company
- Fiorio Colori SPA
- Hansen A/S
- Dohler Group
- FMC Corporation
- D. Williamson & Co. Inc. (DDW)
- Sensient Technologies Corporation
- Naturex S.A.
- Koninklijke DSM N.V.
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The Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
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