The food colors market, in terms of value, is projected to reach USD 3.75 Billion by 2022, at a CAGR of 8.40% from 2016
Seattle, WA -- (SBWIRE) -- 10/19/2016 -- The report "Food Colors Market by Type (Natural, Synthetic, and Nature-Identical), Application (Beverages, Bakery & Confectionery, and Meat Products), Form (Liquid, Liquid Gel, Gel Paste, and Powder), Solubility (Dyes and Lakes) - Global Forecast to 2022", The food colors market is projected to reach USD 3.75 Billion by 2022, at a CAGR of 8.40% from 2016. The market is driven by companies' strategies to improve product appeal through colorants, demand for clean label products, and advancement in technological innovations.
Browse 80 market data tables and 50 figures spread through 162 pages and in-depth TOC on "Food Colors Market - Global Forecast to 2022"
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The natural colors segment accounted for the largest share in the food colors market in 2015
The market for natural colors segment, among other types, accounted for the largest share in 2015. The growth in demand for naturally obtained food colors and health benefits of certain natural colors have positively affected the demand for natural food colors.
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The beverages segment is projected to be the fastest-growing by 2022
The beverages segment was accounted the fastest-growing in the food colors market, by application, in 2015. The increased application of food colors in various beverage applications such as flavored drinks, nutritional drinks, and soft drinks like fruit juices & nectars. The consumer expenditures in emerging economies such as Asia-Pacific and Latin America has fueled growth in the beverage industry.
The dyes segment is projected to grow at the highest CAGR by 2022
The dyes segment is projected to be the largest and fastest-growing segment during the forecast period. The dominance of dyes can be attributed to their wide usage in large number of applications such as beverages, dry mixes, baked goods, confections, dairy products, pet foods and a variety of other products, owing to their properties such as greater stability and brighter coloring than most natural colorings.
Asia-Pacific is the fastest-growing region in the food colors market
The market for food colors in the Asia-Pacific region is projected to grow at the highest CAGR. This can be attributed to the higher level of production in the countries such as Australia and New Zealand, the increase in demand for natural products, owing to increased consumer expenditures on food & beverages and change in consumer lifestyle, along with the growth in population in the recent years. The major beverage manufacturing industries have been finding the huge potential in this region. The region is mainly driven by the developed food industry in China, Japan, and Australia & New Zealand and increase in trade of food color products globally from these countries.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Archer Daniels Midland Company (U.S.), Chr. Hansen S/A (Denmark), Sensient Technology Corporation (U.S.), Koninklijke DSM N.V. (Netherlands), and FMC Corporation (U.S.). Other players include Naturex S.A. (France), D.D. Williamson & Co. Inc. (DDW) (U.S.), Döhler Group (Germany), Kalsec Inc. (U.S.), and Fiorio Colori (Italy).
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