Fast Market Research announces the availability of the new TechNavio report, "Global Natural and Synthetic Food Color Market 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 09/03/2015 -- Food colors are any type of dye, pigments, or substances that impart color when added to food or drinks. The exact color of the dye or pigment depends on the concentration, pH, and nature of the food. The food colors can be segmented as natural and synthetic food colors. Natural food colors are extracted from vegetables, fruit, minerals, and animals. They do not contain any added chemicals while synthetic food colors are made from chemicals. The demand for natural food colors is driving the growth of the food color market globally.
Technavio's analysts forecast the global natural and synthetic food colors market to grow at a CAGR of 5.28% during the period 2014-2019.
Commenting on the report, an analyst from Technavio's team said: "The rise in consumers' disposable income levels in APAC bodes well for vendors of ready-to-eat meals, confectioneries, and baked goods. The demand for ready-to-eat meals, which use food colors extensively, has seen a significant increase in APAC over the past few years, especially in China and India. In India, the number of people who dine out has increased significantly; in 2013, the restaurant industry in the country was valued at $48 billion. The restaurant industry includes cafes, food chains, casual dining places, pubs, and fine dining restaurants. Food chains such as KFC add artificial colors to food to increase appeal. This is also contributing to the demand for food colorants in APAC and worldwide."
Get More Details on this Report and a Full Table of Contents at Global Natural and Synthetic Food Color Market 2015-2019
According to the report, North America led the global market for food colors in 2014, primarily on account of the high demand for processed food in the region. Many consumers are preferring processed food because of their busy schedules. The market for processed foods is growing in both developed and developing countries. For instance, the processed food industry in India accounted for 32% of the total national food industry in the first half of 2015.
Further, the report states that high cost of natural food coloring ingredients is inhibiting the market growth.
The key players in the Global Natural and Synthetic Food Color Market are Chr Hansen, D.D Williamson, Dohler, Fiorio Colori and Sensient while other prominent vendors include AFIS, Ajanta, Ateco, Ameri Color, BASF, Chromatec, Food Ingredient, Global Sugar Art, Kanegrade, Kolorjet, Natures Flavor, Naturex, Neelikon, Raunak, Tanya Exports and Wild
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit - http://www.technavio.com/report/natural-and-synthetic-food-colors-market
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