Published Date: 2019-07-23 | Pages: Ongoing | Tables: Ongoing | Report ID: 7306
Industry: Food & Beverages
The global natural food colors market is prophesied to ride on rising awareness about several side effects of artificial food colors. High penetration of natural food colors not only in the food and beverage but also other end-use industries is foretold to strengthen the global market growth. Companies are expected to concentrate on merger and acquisition as a strategy to expand their footprint in the global market. In June 2019, DDW, The Color House, a US-based manufacturer of caramel color, burnt sugar, and natural colorings, acquired DuPont natural colors business from the company’s Nutrition and Biosciences division.
Reduced Consumption of Synthetic Colors to Create Rewarding Opportunities
The global natural food colors market is foreseen to gain from the implementation of strict policies related to the use of synthetic and similar types of colors in the food and beverage industry. Bakery and confectionery companies are anticipated to increase their consumption of natural food colors due to rising consumer concerns regarding the ill effects of synthetic colors on human health. Natural food colors are also highly demanded in other industries including dairy, frozen foods, and alcoholic and non-alcoholic beverages, especially in developed countries such as the US.
Important Points to Remember
● Health concerns associated with the consumption of synthetic colors to increase demand for natural food colors
● Carotenoid to collect a substantial share of the global natural food colors market
● Beverages to show higher market growth due to rising interest in flavored drinks
● China’s larger food and beverage market to help Asia Pacific take lead in terms of growth rate
Manufacturers to Introduce More Products with Superior Properties
The report profiles key players of the global natural food colors market, including Australian Food Ingredient Suppliers, Döhler, Aakash Chemicals and Dyestuffs, Sensient, Symrise AG, Archer Daniels Midland, Kalsec Inc., Chr. Hansen Holding A/S, DDW The Color House Corporation, Diana Naturals, Naturex S.A., ROHA Dyechem Pvt. Ltd. (JJT Group), FMC Corporation, BASF, Adama Agricultural Solutions Ltd. (LycoRed), GNT International B.V. (EXBERRY), and San-Ei Gen F.F.I., Inc.
Players are expected to focus on research and development activities to launch new products with excellent properties. Established companies could have a strong distribution network. In June 2019, GNT Group, a Netherlands-based producer of coloring foods and natural colors, introduced blue food coloring made from blue-green algae spirulina.
By Pigment Type
● Spirulina Extract
● Paprika Extract
● Frozen Food
Among pigment types, carotenoid is projected to secure a significant share of the global natural food colors market because of its increased use due to key properties such as protection from cellular damage and antioxidation. Among applications, beverages could be a prominent market segment owing to high consumption of alcohol, soft drinks, and juices and increased inclination for flavored drinks.
Asia Pacific is forecast to grow at a higher CAGR as countries such as China continue to show larger food and beverage consumption. Gradually increasing substitution of synthetic colorants because of their negative effects could also support the market growth of Asia Pacific. Europe could be another important regional market, considering high use of anthocyanin and carotenoid in lucrative industries such as bakery and confectionery.
QYR Consulting’s detailed and accurate pricing analysis is aimed at helping market players to boost their revenue, maintain better relations with suppliers, and improve their sales growth. This report includes a similar pricing analysis that gives no room for errors as it has been prepared using a perfect combination of automatic and manual data matching techniques. The pricing analysis has taken into account different factors such as product availability, product launch, promotional activities of competitors, competitor prices, and price index. It also studies other factors that help leading players to maintain their dominance in the global market.
NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.
Food and beverages sector is considered to be one of the fastest-growing one. Growth of its various industries, right from processing, packaging, and labelling amongst others, have witnessed unbelievable transformation over the years. Players in the food and beverages industry are constantly catering to the changing lifestyle needs that are at times characterized by healthy eating habits or higher purchasing power. The food and beverages industry is extremely dynamic and hence requires a constant watch.
Our researchers have created a repository of thoroughly-researched reports that are aimed at offering the readers a detailed outlook of the industry. Analysts have focused on issues such as food security, evolving demographics, and changing dietary habits. Packaging and innovation therein, along with emerging trends such as organic food items have been discussed through these publications.
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