Color additive is any dye, pigment, or substance that can impart color, alone or through reaction with other substances, when added or applied to a food. Color is an important quality attribute of foods. The objective of adding color to foods is to make them appealing, augment the loss of color during processing, to improve the quality and also to influence the consumer to buy a product.
Portland, OR -- (SBWIRE) -- 08/16/2017 -- Rise in demand for natural food colors and improved product appeal drive the food color market. However, harmful effects of synthetic colorants, low stability, and high cost of natural coloring, and strict regulations regarding the inclusion of synthetic colors hamper the market growth.
The global food color market is segmented based on type, application, solubility, and geography. Based on type of food color, the market is divided into natural colors, synthetic colors, natural-identical colors, and inorganic colors. On the basis of application, it is categorized into, dairy, beverage, bakery & confectionery, meat, and others.On the basis of solubility, it is classified into, dye and lake. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In 2016, Asia-Pacific occupied the highest market share, followed by North America, owing to the major growth in food & beverage industry. Asia-Pacific is expected to dominate the global market by 2023, and witnesses substantial growth in populated countries such as, China, India, and South Korea.
The significant players in the global alkyd coatings market have strategically focused on product launch as their key strategy to gain significant market share:
Archer Daniels Midland Company
Chr. Hansen A/S
Sensient Technologies Corporation
Koninklijke DSM N.V.
Fiorio Colori SPA
D.D. Williamson & Co. Inc.
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This report provides an extensive analysis of the current trends, emerging estimations, and dynamics in the food color market.
In-depth analysis of the market is conducted and estimations for key segments between 2015 and 2023 are provided.
Global industry analysis for factors that drive and restrain the growth of the market are provided.
The market share for all segments with respect to geography is detailed in the report.
Key market players are profiled and their strategies are analyzed thoroughly, which provide a competitive outlook of the industry trends.
Food Color Market Key Segments:
Bakery and Confectionery
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