Global food
colorants market is
expected to reach USD 2.46 billion by 2020, according to a new study by Grand
View Research, Inc. Food colorants demand is expected to grow with increasing
applications in confectionery and bakery items, medicines and pharmaceutical
drugs, beverages, cosmetics and toiletries, meat, sea food and pet food. Rising
consumer awareness for natural ingredients is expected to drive natural
colorant demand over the next six years.
Dairy foods were the largest application
market for food colorants, with demand estimated at 19,154.5 tons in 2013. Food
colorants are added in foodstuffs to retain color lost during processing which
adds appeal to the product. Food colorants are also extensively used in
beverages, particularly CSDs & non alcoholic kinds, in order to make the
product visually more attractive to the younger population.
Full research report on food colorants market analysis:
http://www.grandviewresearch.com/industry-analysis/food-colorants-market
http://www.grandviewresearch.com/industry-analysis/food-colorants-market
Further key findings from the study suggest:
·
Global food colorants demand was 51,510.0
tons in 2013 and is expected to reach 67,724.0 tons by 2020 growing at a CAGR
of 4.0% from 2014 to 2020.
·
Synthetic food colorants were the largest
product segment, with demand estimated at 17,907.7 tons in 2013; owing to
increased consumption of processed foods which use synthetic colors in emerging
markets
·
Europe was the largest regional market for
food colorants, with revenue exceeding USD 590 million in 2013. Increased
consumer preference towards functional foods and beverages, particularly with
natural or organic colorants is a key factor responsible for the regional
market growth.
·
Dairy and non dairy food applications are
expected to be the fastest growing application markets, at an estimated CAGR of
4.1% from 2014 to 2020. Increasing demand for foods containing natural products
is expected to drive demand for the application.
·
Key Companies in the market include CHR.
Hansen, Danisco, BASF, DSM, and Sensient Technologies Corporation. The global
market is significantly consolidated with somewhat oligopolistic
characteristics. While the market is expected to continue moving towards
consolidation, R&D spending is expected to increase as participants focus
on naturally derived food colorants with nutraceutical benefits.
View more reports of this category by Grand View Research
at: https://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has segmented the
global food colorants market on the basis of product, application and region:
Food Colorants Product Outlook (Volume, Tons; Revenue,
USD Million, 2012 - 2020)
·
Synthetic
·
Natural
·
Natural Identical
·
Ceramic
Food Colorants Applications Outlook (Volume, Tons;
Revenue, USD Million, 2012 - 2020)
·
Food
·
CSDs & Non Alcoholic Beverages
·
Alcoholic Beverages
Food Colorants Regional Outlook (Volume, Tons; Revenue,
USD Million, 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
RoW
Access Full
Press Release of this Report:
https://www.grandviewresearch.com/press-release/global-food-colorants-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more
information: https://www.grandviewresearch.com/
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