The report forecast global Food Coloring Concentrates market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021E-2026F due to coronavirus situation.
The Food Coloring Concentrates Market was valued at US$ 1.40 Bn in 2018, and is expected to reach US$ 2.15 Bn by 2026, expanding at a CAGR of 5.5% from 2019 to 2026. Food coloring concentrates are water-soluble powder or liquid extracts that are added to processed foods to enhance their appeal. They are available in a wide range of colors, including yellow, orange, green, blue, and purple. Increasing demand for natural food colorants is a key factor driving the growth of the food coloring concentrates market.
The rising demand for natural and healthy food ingredients has resulted in the increased demand for food coloring concentrates. Food coloring concentrates are basically water-soluble dyes that are used in various food and beverage applications to achieve desired color. These dyes are available in a wide range of colors, such as yellow, orange, red, green, blue, brown, and black. Food coloring concentrates are widely used in confectioneries, bakery products, beverages, savory & snacks, and dairy & frozen desserts.
The growing trend of veganism is one of the major factors driving the growth of the global food coloring concentrates market as these products do not contain any animal-derived ingredients. Moreover, increasing disposable incomes and changing lifestyles have resulted in an increased demand for processed and packaged food items among consumers. This is expected to fuel the growth of the global food coloring concentrates market during the forecast period.
The report provides a list of all the key players in the Food Coloring Concentrates market along with a detailed analysis of the strategies, which the companies are adopting. The strategies mainly include new product Developments, research, and Developments, and also provides revenue shares, company overview, and recent company Developmentss to remain competitive in the market.
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The global food coloring concentrates market is expected to grow at a rapid pace in the coming years. The increasing demand for food coloring concentrates from the food & beverage industry is a major factor driving the growth of the market. Food coloring concentrates are used in a wide range of applications such as bakery, confectionery, dairy, and savory & snacks. The natural food coloring concentrates segment is expected to grow at the highest CAGR during the forecast period.
The increase in demand for natural and healthy products has led to a shift in consumer preference toward natural food colorants. This is one of the key factors driving the growth of the natural food coloring concentrates market. In addition, the favorable properties of natural food colorants such as UV stability, heat stability, and resistance to pH changes are also expected to fuel the growth of this market segment.
The global food coloring concentrates market is segmented on the basis of type, application, and geography.
On the basis of type
The Natural Pigment Concentrate segment accounted for a major share of the global market in 2018 and is expected to maintain its leading position during the forecast period. Increasing use of artificial dyes in processed food & beverage products owing to their cost-effectiveness is expected to drive the growth of this segment during the forecast period.
On the basis of application
In terms of application, the bakery & confectionery segment accounted for a leading share of the global market in 2018 due to high demand for vibrant colors in cakes, pastries, biscuits, and other baked goods. The beverages segment is also expected to witness significant growth during the forecast period due chiefly to increasing demand for naturally colored fruit juices and soda drinks among consumers globally.
Geographically
1 Food Coloring Concentrates Market Overview
2 Food Coloring Concentrates Estimates and Forecasts by Region
3 Global Food Coloring Concentrates Competition Landscape by Players
4 Global Food Coloring Concentrates Market Size by Type
5 Global Food Coloring Concentrates Market Size by Application
6 North America Food Coloring Concentrates Market Facts & Figures
7 Europe Food Coloring Concentrates Market Facts & Figures
8 China Food Coloring Concentrates Market Facts & Figures
9 Japan Food Coloring Concentrates Market Facts & Figures
10 Southeast Asia Food Coloring Concentrates Market Facts & Figures
11 India Food Coloring Concentrates Market Facts & Figures
12 Company Profiles and Key Figures in Food Coloring Concentrates Business
13 Food Coloring Concentrates Manufacturing Cost Analysis
14 Marketing Channel, Distributors and Customers
15 Market Dynamics
16 Research Findings and Conclusion
17 Appendix
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Feb 06, 2023
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