Market Overview
Consumers prefer natural food colors over the synthetic chemical mixtures as they possess a lot of side effects. Food color is the pigments that are added to the various foods or beverages after they are mixed and prepared. These colors give an aesthetic appeal to the food along with the mesmerizing aroma. Most of the industries, such as confectionery, beverages, sweet snacks, and others, have successfully adapted the use of food colors for garnishing and adding value to their delicacies.
Consumers prefer natural food colors over synthetic, and that makes the industries blend more of natural colors over artificial to supply to major key players or industries. Most companies or key players are giving in maximum effort to make this market thrive by meeting global demands. Many research activities are running overhead to improve the quality of the Food Colors and make the market thrive. There are rigorous searches done in the R & D to improve the quality of the flavors and make it take up more demand in the market.
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This report focuses on the overall market growth of the Food Color market. Along with that, it also highlights the detailed key segmentations on different aspects. This report also puts light on the regional classification of the global market. The Global Food Color market size was high in the previous forecast period and is expected to grow beyond $5.7 billion by the end of 2024. The CAGR percentage is also expected to be around 4.9% or higher.
Key Players
Chr. Hansen S/A (Denmark), Archer Daniels Midland Company (US), Sensient Technology Corporation (US), D.D. Williamson & Co. Inc. (DDW) (US), Kalsec Inc. (US), Doehler Group (Germany), FMC Corporation (US), DuPont (US), Koninklijke DSM N.V. (Netherlands), Naturex (France), AromataGroup SRL (Italy), Frutarom Industries Ltd. (Israel), Lycored (US), Ajanta Chemical Industries (India), Sunfoodtech (India) are some of the key players in the Global Food Color Market.
Industry News
The major companies manufacturing food colors are eyeing on better refinement techniques using natural measures to enhance the quality of the products. With it, the consumers will eventually take more interest in consuming quality products generating more revenue for the market to grow in the next forecast period.
Market Segmentation
Based on the source segmentation, Global Food Color Market is availed from different sources, such as natural and synthetic. In comparison, natural food colors are highly selling over synthetic ones due to the consumer’s increasing demand and health concerns.
Based on the application segmentation, the Global Food Color market is used for several applications such as Bakery, Confectionery, beverages, meat products, desserts, sweet snacks, and others. These applications demand the use of food colors on high priority for which the market is all set to thrive to great heights.
Regional Classification
Based on the regional classification, the Global Food Colors market is adapted by the major players in different regions around the world. Some of these regions are North America, Europe, Asia Pacific, and other parts of the world. All these regions are performing quite well in handling the global market and helping it thrive. The major work is done by the key players who are working collectively to make sure that there are the best opportunities to help the market grow. Moreover, by the end of 2024, the key players will possibly get doubled in these regions to help the market grow even bigger.
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