Natural Food Colours Market Analysis, Top Key Players, and Industry Statistics, 2027

 

The Natural Food Colours Market is projected to reach USD 2.76 billion in 2027. The product demand in the coming years is expected to fuel increased concern about the health risks associated with synthetic and natural similar colours.

Due to the increasing product penetration in major application industries like beverages and bakery and confectionaries, the market is expected to expand. Therefore, the industry is expected to benefit from the strict rules for synthetic colours which lead to increased replacement.

A major deterrent for market growth is expected to be a high reliance on raw materials like fruits, vegetables and spices and substantial price volatility of the aforementioned goods. Nonetheless, increased investment in research and development is expected to drive demand over the forecast period for improved production output.

The industry is marked by the presence of a large number of high volume manufacturers, most of whom are integrated into the value chain throughout the entire production process. Therefore, the companies engage in the distribution of the goods mainly by direct distribution as well as through third parties in an effort to increase the market reach of these firms.

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During the forecast era, the Asia-Pacific region will rise to the highest CAGR. The region's rapid growth is mainly due to the growing consumer preference for natural components, increased consumer awareness about the adverse impact of synthetic dyes, combined with the increasing consumer expenditure capacity, and strong growth in Food & Beverage. The government is also expected to enhance the rising natural food colour market in the region by increasing regulations on the restricted use.

The COVID-19 impact:

The pandemic COVID-19 does not affect business profitability. Key market leaders are unsure of the prospects of the industry and are finding solutions to this issue. Most hospitals have impacted their pandemic and other programs greatly. In different parts of the world, there's no money to stop rising lockouts. Concerning COVID-19, domestic product, export and import demand dropped significantly. In order to build cash reserves, the largest companies in the world prefer to reduce their budgets. Real productivity rates would eventually lead to new ways in which employees and businesses meet their demands at much lower costs.

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Further key findings from the report suggest

·       Anthocyanin will be the fastest growing due to the high rates of synthetic blues substitution in 2019 to 2027 due to several associated health risks.

·       The food color segment from animal sources is expected to grow at the highest CAGR by 2027. The growing use of coloured animal colours as a colouring agent in many food products, beverages and packaged food products with Halal certification can be attributed to this development.

·       In March 2019, DDW, Inc., which was part of DuPont's Nutrition & Biosciences division, purchased DuPont Natural Colds Company. Two production sites in the UK were added. And Chile and all related DDW Colour House customer contracts. DDW stated that the acquisition will extend the global reach of the brand by adding technological and manufacturing capacities in various core colours.

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Key players in the market include:

Sensient Technologies Corporation, D.D. Williamson & Co., Archer Daniels Midland Company, Inc., Kalsec Inc., Naturex S.A., Aromata Group S.r.l, and FMC Corporation, Koninklijke DSM N.V., CHR Hansen Holding A/S, Döhler Group, among others.

For the purpose of this report, Reports and Data has segmented into the Natural Food Colours Market on the basis of Product, Application, and Region:

Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

·       Carotenoids

·       Copper Chlorophyllin

·       Curcumin

·       Anthocyanin

·       Carmine

·       Others

Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

·       Bakery & Confectionery

·       Beverages

·       Dairy & Frozen Products

·       Meat Products

·       Oil & Fat

·       Fruits & vegetables

·       Food

·       Others

Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

North America

·       U.S

·       Canada

Europe

·       U.K

·       Germany

·       France

·       BENELUX

Asia Pacific

·       China

·       Japan

·       South Korea

·       Rest of APAC

Latin America

·       Brazil

·       Rest of LATAM

MEA

·       Saudi Arabia

·       UAE

·       Rest of MEA

Table of contents:

Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Indicative Metrics

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