Global Market For Natural Food Colors Expanded To Be Valued At US$ 8.5 Billion By 2032

Food and beverages

Market research and competitive intelligence provider Fact.MR’s recently published study estimates the global natural food colors industry to reach US$ 17 Bn by 2031, expanding at over 7% CAGR across the upcoming decade. The ever flourishing clean-label revolution is boding well for the natural food colors market.

From 2016 to 2020, natural food color sales expanded at around 4% CAGR, reaching US$ 8.5 Bn by the end of the said historical period. The ever increasing healthy eating trends observed throughout the coronavirus pandemic crisis further fueled expansion prospects in the past year alone.

Request Sample-https://www.factmr.com/connectus/sample?flag=S&rep_id=3064

Key Takeaways from the Market Study

  • Based on application, packaged/frozen foods to expand at a CAGR of around 5% through 2031
  • Anthocyanin to be most frequented food color, likely to grow at over 6% CAGR
  • Asia to emerge as a highly opportunistic market, accounting for 30% of total sales in 2020
  • U.S to experience significant growth, registering a CAGR of nearly 5% until 2031
  • India and China to be the most opportunistic markets throughout the Asian region
  • Global market for natural food colors to expand 2x from 2021 to 2031

“The increasing demand for clean-label products in consumed beverages is expected to boost the demand for naturally colored and natural-flavored beverages,” says a Fact.MR analyst.

Key Segments Covered

  • Application Type

    • Dairy Food Products
    • Beverages
    • Packaged Food/ Frozen Product
    • Confectionary and Bakery Products
    • Other
  • Pigment Type

    • Carotenoid
    • Curcumin
    • Anthocyanin
    • Paprika Extract
    • Spirulina Extract
    • Chlorophyll
    • Carmine
    • Others

Competitive Landscape

Strategic collaboration can increase revenue and market share for natural food colors. New technologies and products help manufacturers enter new markets.

  • Food coloring company Phytolon announced a $4.1 million funding round for natural food colors. Phytolon replaces artificial ingredients in the food coloring process with natural ones. Phytolon produces food coloring through fermentation. A natural dye known as Michroma is made from fermented mushroom roots.
  • The company uses a technology that is licensed from the Wiezmann Institute of Science to develop natural colors from plants for food through yeast fermentation. The Phytolon technology promises to be environmentally friendly, non-GMO, and versatile enough to be used in a range of food applications.

 

Leave a Reply

Related Posts