The global natural food colors market size
is expected to reach USD 2.50 billion by 2025, according to a new report by
Grand View Research, Inc. Growing concerns regarding the health hazards
associated with synthetic and natural identical colors is expected to drive the
demand for the product over the next nine years.
The market is expected
to grow on account of increasing penetration of the product in key application
industries including beverages, and bakery & confectionery. In addition,
the industry is expected to benefit from the stringent regulations passed for
the synthetic colors leading to an increasing substitution.
High dependence on raw
materials such as fruits, vegetables, and spices, coupled with substantial
price fluctuations of the aforementioned products is expected to act as a major
deterrent for the market growth. However, the rise in investments in research
and development, to increase the production efficiency is expected to drive the
demand over the forecast period.
The industry is
characterized by the presence of a large number of high volume manufacturers,
with a majority of them integrated across product manufacturing to distribution
stages of the value chain. In addition, the companies are involved in product
distribution primarily through direct distribution as well as third party
distribution channels in a bid to expand their market presence.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/natural-food-colors-market
Further key findings from the report suggest:
·
The use of the product in beverages
accounted for over 27% of the global volume in 2015, on account of rising
demand for nutritional beverages such as fruit juices, sports drinks,
carbonated soft drinks, and alcoholic drinks.
·
Anthocyanin is expected to exhibit the
highest growth, growing at a CAGR of over 7% from 2016 to 2025 on account of
high substitution rate of the synthetic blues due to various health hazards
associated
·
The industry in Asia Pacific is expected to
account for over 29% of the revenue market share by 2025, driven by the rapid
development of food & beverage industry in the region. Growing demand for
the product in developing economies of the region is likely to propel demand
·
Major players in the industry operate their
business through an extensive product portfolio with a number of manufacturing
and distribution facilities spread across the globe. In addition, the companies
are involved in the development of advanced products with high stability in a
bid to improve the share and increase the revenues
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has
segmented the global natural food colors market on the basis of product,
application, and region:
Product Outlook (Volume, Tons; Revenue, USD Million, 2014
- 2025)
·
Curcumin
·
Carotenoids
·
Anthocyanin
·
Carmine
·
Copper Chlorophyllin
·
Others
Application Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2025)
·
Bakery & Confectionery
·
Beverages
·
Dairy & Frozen Products
·
Meat Products
·
Oil & fat
·
Fruits & vegetables
·
Food
Regional Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2025)
·
North America
o U.S.
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
o Japan
·
Central & South America
o Brazil
·
Middle East & Africa
View Press Release of this research
report by Grand View Research: http://www.grandviewresearch.com/press-release/global-natural-food-colors-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: www.grandviewresearch.com
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: www.grandviewresearch.com