Market for Natural Food Colors is Forecasted to Reach US$ 4.1 Billion by 2033

The global natural food color market is predicted to evolve rapidly at a CAGR of 7.4% from 2023 to 2033. The market stands at US$ 2 billion in 2023 and is expected to reach US$ 4.1 billion by 2033-end.

Natural food colors are widely available in liquid form, which is simple to spread and suitable for a wide range of formulations. Demand for natural food colors in liquid form is projected to rise faster at a CAGR of 7.9% through 2033.Fruits and vegetables, as well as naturally generated extracts from them, are used as the raw ingredients for natural food color.

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Increasing awareness regarding the benefits of clean label products and rising need to improve product appeal are projected to bode well for the global market. Besides, growing use of microencapsulation technology and increasing research & development activities in the food industry to discover innovative coloring ingredients would spur sales of natural food colors.

Key Takeaways:

• Based on form, the liquid segment is expected to showcase nearly 7.9% CAGR during the evaluation period.
• In terms of product, the anthocyanin segment is likely to generate the lion’s share of approximately 60% throughout the assessment period.
• In the U.S., sales of natural food colors are projected to surge at a CAGR of 5%.
• By application, the beverages segment is estimated to record about 40% of the global natural food color market share by the end of 2033.
• In Europe, Germany is expected to remain at the forefront in terms of share throughout the forecast period.

Competitive Landscape:

Top natural food color producers are making significant R&D investments while expanding their distribution channels. Market expansion is anticipated to be boosted by ongoing innovation and technological advancements in the food processing ingredients sector.

Key natural food color providers are working to manufacture cutting-edge products with high reliability to boost market share and profits. The majority of major businesses are integrated along the whole value chain, from raw material production to the distribution of the finished product.

For instance :

• In Montpellier, France, Chr. Hansen Natural Colors founded an R&D facility to expand the capabilities of pigment, formulation, and application with the goal of introducing new natural color solutions, notably for green, blue, and brown hues.

Key Companies Profiled:

• Frutarom
• ColorKitchen
• Givaudan
• Sensient Technologies
• Kalsec Inc.
• Symrise AG
• Naturex
• McCormick & Company

Growth Drivers:

• High demand for carmine with its extensive usage in food items such as jam preserves, yogurts, cake icings, and gelatin desserts would drive sales.
• Growing demand for animal-sourced natural food colorings from numerous food and beverage manufacturers with Halal certification is set to propel sales.

Key Segments of Natural Food Color Industry Research:

·         By Product :

• Carotenoid

• Curcumin

• Anthocyanin

• Chlorophyll

• Carmine

• Others

·         By Form :

• Liquid

• Powder

• Gel

• Emulsion

·         By Application :

• Dairy Food Products

• Beverages

• Confectionary and Bakery Products

• Others

·         By Region :

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East & Africa

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Key Questions Covered in the Natural Food Color Market Report:

• What will be the demand outlook for the natural food color market during the forecast period?
• Which are the challenges faced in the natural food color market?
• Which region will lead in terms of share in the natural food color market during 2023-2033?
• What is the projected valuation of the natural food color market in 2033?
• Which are the products set to push the natural food color market during 2023-2033?
• Which region is likely to generate maximum revenue in the natural food color market?