Global Food Colors Market to Reach USD 2390 Million by 2021 Owing to Growing Demand for Food Processing
The Global Food Colors Market was worth $2390 million in 2016 and estimated to be growing at a CAGR of 8.2%, to reach $3544.33 million by 2021.
Hyderabad, India -- (SBWire) -- 03/15/2018 --According to a new market research report "Food Colors Market by Type (Natural Colors (Anthocyanins, Carotenoids and Cramel), Synthetic Colors (Red, Yellow, Blue and Green) and Nature-Identical) by Application (Beverages, Bakery and Confectionery, Dairy and Meat), by Form (Liquid, Liquid Gel, Gel Paste and Powder), by Solubility (Dyes and Lakes) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", published by MarketDataForecast™, the market is expected to reach USD 3544 Million by 2021
Food coloring, is any color, color or substance that bestows shading when it is added to nourishment or drink. They come in numerous structures comprising of fluids, powders, gels, and glues. Food coloring is utilized both in business nourishment creation and in household cooking. Food colorants are furthermore used as a piece of a variety of non-sustenance applications including beautifiers, pharmaceuticals, home claim to fame exercises, and helpful contraptions.
Individuals connect certain hues with specific flavors, and the shade of nourishment can impact the apparent flavor in anything from sweet to wine. Sometimes the point is to reproduce a shading that is seen by the purchaser as characteristic and then it is for impact. Food colors are utilized to Redress regular varieties in shading Upgrade hues that happen normally and Give shading to lackluster and fun sustenance.
Factors driving the growth of this market include growing consumption of processed food ,growing population, increased interest in esthetics of food and increased demand for food decoration.
Browse Market Data Tables and Figures spread through 178 Pages and in-depth TOC on "Food Colors Market"
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Natural colors segment are estimated to account for the largest market share in 2017
Worldwide Food Colors market is divided by type into Natural colors, engineered colors and nature-indistinguishable. Regular hues are sub-portioned into Anthocyanins, Carotenoids and Caramel. Engineered colors are likewise additionally separated into Red, Yellow, Blue and Green
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The Beverages segment is expected to steadily grow in the forecast period.
In view of application, the market is classified into Beverages, Bakery and Confectionery, Dairy and Meat. The Beverages portion overwhelmed the market attributable to the developing utilization of sustenance hues in sodas, organic product juices and wholesome beverages.
Dyes are estimated to command for the largest share of the market during the forecast period
On the basis of solubility, the market is segmented into Dyes and Lakes. Dyes dominated the market in 2017 and are expected to continue doing so in the forecast period.
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North America is estimated to command the largest share of the market
By Region, The market is divided into North America, Europe, Asia, Middle East and Africa and Latin America. North America was the major market share holder while Asia-Pacific region is expected to grow at a high CAGR owing to high production in places like China and Australia.
Some of the significant manufacturers of the Food colors Market are LycoRed, DD Williamson, Archer Daniels Midland Company, Sethness Products, Fiorio Colori, Chr. Hansen S/A, Roha Dyechem, Sensient Technology Corporation, Koninklijke DSM N.V., San-Ei Gen F.F.I. Inc., WILD, DSM, Naturex, Phytone, GNT Group and FMC Corporation.
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The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
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