Natural food colors Market - Industry Analysis, size, share, Growth, Demand, and Forecast To 2022 – by Credence Research
The global market for natural food colors Market is
witnessing growth on the back of rising demand from various end user
applications such as confectionery, pet food and processed food among others.
High demand for clean label and natural ingredients products are the other
factors contributing towards the market growth. These natural colors are
difficult to work with as they are extracted from natural sources and have
shorter shelf life. Besides high cost, natural colors have less stability than
there synthetic counterparts. Ban in trading of synthetic colors made products
and manufacturing in selected international markets, encouragement for using
natural colors in novel products such as handmade paper, infant toys among
others. In addition, development of different techniques and process to develop
natural food colors such as fermentation, biotech process among others provide
huge market opportunities.
Browse The Full Report At (Natural
Food Colors Market - Growth, Share, Opportunities & Competitive Analysis,
2015 - 2022): http://www.credenceresearch.com/report/natural-food-colors-market
By application, food segment
accounted for more than 50% share of the pie in 2014 and projected to maintain
its dominance over next six years. Pet food segment is projected to witness the
fastest growth rate during the forecast period. Natural colors are also
extensively used in beverages to enhance the overall appearance of the product
and to attract the customers.
In 2014, by type, carotenoids
accounted for 32% share of the pie and projected to maintain their dominance
over the next six years. Spirulina extract which give blue color to products
and chlorophyll which provides green color are projected to be the fastest
growing markets. These colors are widely uses in various end users industries
such as ice creams, yogurt, and candies among others. Curcumin and paprika
extracts are also projected to witness moderate growth rate.
Europe and North America together
accounted for more than half chunk of the market pie and projected to maintain
their dominance in future. In North America, the U.S. is the largest market
projected to grow at a CAGR of 7.4% from 2015 to 2022. Europe is the market
leader and projected to maintain its dominance over the next six years. Western
Europe is the major contributors towards this growth but in future growth is projected
to be highest from the Eastern European region. Asia Pacific region is
projected to grow at the fastest growth rate over the next six years. While the
usage of natural food colors in RoW countries will remain moderate.
Chr. Hansen A/S, Sensient Technologies
Corporation, Naturex S.A, Kalsec, and Archer Daniels Midland Co are some of the
major players in this market.
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