Natural Food Colors Market Competitive Research And Outlook 2023

Recent report published by research nester titled “Global Natural Food Colors Market – Industry Demand Analysis & Opportunity Assessment 2016–2023”delivers detailed overview of the global natural food colors market in terms of market segmentation by product, end-user, application and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The growing awareness among people regarding the benefits of organic and chemical free food is the major factor behind the government authorities to ban the manufacturing of synthetic food colors due to the presence of the chemicals causing harmful effects on consumers’ health. This is followed by several initiatives and promotions that are carried out by various authorities in order to grow awareness towards eco-friendly and healthy natural food colors. The restricted trading and manufacturing of synthetic colors in various regions and intensified demand for natural food colors in various end-use industries is believed to exhibit a positive impact on the global market of natural food colors with a CAGR of 5.8% over the forecast period 2018-2023. Further, the global natural food colors market accounted for USD 1,126.5 Million in 2016 and is estimated to reach USD 1,657.7 Million by the end of 2023. In 2016, the highest demand for natural food colors was seen in Asia Pacific owing to the factors such as rapid development of easy to carry and efficient natural food colors along with rising trend of food and beverages in the region.

The global natural food colors market is segmented by product into carotenoids, anthocyanin, chlorophyll, spirulina extract, annatto, curcumin, paprika and others, out of which, the anthocyanin, paprika and carotenoids segments dominated the overall food colors market by collectively holding more than 55% of the total market share during 2016. The demand for anthocyanin and paprika is estimated to remain dominant across the globe and these two types are projected to expand at a CAGR of 6.3% & 5.2% respectively during 2018-2023. Further, the curcumin segment is expected to observe the growth rate of 1.4x over the forecast period.

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Organic Productsto Escalate the Demand for Natural Food Colors in Future

The global natural food colors market is thriving on the back of growing preference of consumers towards natural food colors around the globe.

Rapid Expansion of Food and Beverages SectorTo make food more attractive, appealing, appetizing, informative and to provide color to colorless and ‘fun’ foods, there is a rapid...

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