World Food Colors Market Report 2018-2023 - Leading Players are ADM, Sensient Technologies, Chr. Hansen, DowDuPont and DSM
DUBLIN, Aug 7, 2018 /PRNewswire/ --
The "Food Colors Market by Type (Natural, Synthetic, Nature-Identical), Application (Beverages, Processed Food, Bakery & Confectionery Products, Oils & Fats, Dairy Products, Meat, Poultry, Seafood), Form, Solubility & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global food colors market is estimated at USD 3.88 billion in 2018 and is projected to grow at a CAGR of 5.7%, to reach USD 5.12 billion by 2023.
Factors such as the growing demand for natural food colors have significantly fueled the market for food colors due to the increasing consumer awareness for clean-label products and additional health benefits of certain natural food colors.
On the basis of type, the carmine color accounted for the largest share, followed by caramel, in 2018. Due to their wide application areas such as cake icings, hard candy, bakery products, ice cream, yogurt, gelatin desserts, fruit syrups, and jam/preserves in the food industry, caramels are largely used by food & beverage manufacturers. Recent trends in the food industry see consumers leaning toward natural colors because of the health benefits associated with them.
The food colors market, on the basis of application, is segmented into the food and beverages segments. Processed food accounted for the largest share in 2018, followed by bakery & confectionery products. Processed foods such as crisps, sausage rolls, tinned vegetables, savory snacks, and other convenience foods held the largest share of the food colors market.
On the basis of form, the liquid segment accounted for the largest share in 2018. Liquid dyes are the most conventional forms applied in almost all varieties of foods. Their applications include tinting icings, batters, and doughs.
On the basis of solubility, dye accounted for the largest share in 2018. Some examples of natural dyes that are used as food colors are carotenoids, chlorophyll, anthocyanin, and turmeric. These dyes contain nutritional values such as antioxidants, vitamins, and impart other health benefits; thus, there is a high demand for these kinds of dyes in the food industry.
Europe accounted for the largest share of the food colors market in 2018. This market is driven by increased awareness about safe food color products among consumers, and inclination toward the health benefits provided by natural food colors. Asia Pacific is projected to be the fastest-growing market between 2018 and 2023. Emerging economies such as China and India play an important role in supplying food colors, either as raw materials or in processed forms, to the European market.
The major restraining factor for the food colors market is the health problem caused by consuming some synthetic colors. Another factor could be the stability of natural colors, which changes with changes in atmospheric or processing conditions such as pH, temperature, and light. Some natural colors start decolorizing after some time of processing. Some natural colors can impart off-tones to the final product during processing.
Companies such as ADM (US), Sensient Technologies (US), Chr. Hansen (Denmark), DowDuPont (US), and DSM (Netherlands) have acquired leading market positions through their broad product portfolio, along with a focus on diverse end-user segments. They are also focused on innovations and are geographically diversified.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Opportunities in the Food Colors Market
4.2 Food Colors Market, By Key Country
4.3 Food Colors Market, By Type & Region
4.4 Developed vs Developing Markets for Food Colors
4.5 Food Colors Market, By Application & Region
4.6 Food Colors Market, By Solubility
4.7 Food Colors Market, By Form
4.8 North America: Food Colors Market, By Type & Country, 2017
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Natural Colors
5.2.1.1.1 Increasing Consumer Awareness for Clean-Label Products
5.2.1.1.2 Health Benefits of Certain Natural Food Colors & Flavors
5.2.1.2 Need to Enhance Product Appeal
5.2.1.2.1 Growing Trade, Investment, and Expenditure in Processed Food & Beverages Market
5.2.1.3 Technological Advancements & Growing R&D Activities
5.2.1.3.1 Floral Colors Gaining Market Attention
5.2.1.4 Growing Competitive Strategies By Key Players Through M&A Activities
5.2.1.5 Consumer Interest in Organic Products
5.2.2 Restraints
5.2.2.1 Health Hazards of Synthetic Colorants
5.2.2.2 Stringent Regulations Pertaining to Use of Colors in Food Applications
5.2.2.3 Low Stability and High Cost of Natural Colors
5.2.3 Opportunities
5.2.3.1 Innovative Color Extractions Through New Raw Material Sources
5.2.3.2 Increasing Ventures in Asia Pacific and South America
5.2.3.3 Safety Reassessment of Synthetic Food Colors
5.2.3.4 Launching of Advanced Products
5.2.3.4.1 Innovative Color Shades
5.2.3.4.2 Multi-Functional Colors
5.2.3.4.3 Colors for Sensory Impact
5.2.3.5 Consumer Willingness to Pay More for Natural Colors
5.2.3.6 Microencapsulated Natural Colors
5.2.4 Challenges
5.2.4.1 Consumer Preference for Coloring Foods in Place of Natural Colors Due to Labeling Mandates for E Numbers
5.2.4.2 Misperception Pertaining to Titanium Dioxide Among Consumers
6 Industry Trends
6.1 Introduction
6.2 Supply Chain
6.2.1 Prominent Companies
6.2.2 Small and Medium Enterprises
6.2.3 End Users (Manufacturers/Consumers)
6.3 Value Chain
6.4 Pest Analysis
6.4.1 Political Factors
6.4.1.1 Government & Other Regulations
6.4.1.2 Lack of Transparency in Patent Protection Laws
6.4.2 Economic Factors
6.4.2.1 Increasing Prices of Ingredients
6.4.2.2 Population Growth & Increasing Spending Power
6.4.2.3 Labor Cost
6.4.2.4 Global Economic Conditions
6.4.3 Social Factors
6.4.3.1 Changing Food Habits & Changes in Lifestyles
6.4.4 Technological Factors
6.4.4.1 Technological Developments
6.5 Export-Import Data
7 Food Colors Market, By Type
7.1 Introduction
7.2 Natural Colors
7.2.1 Carmine
7.2.2 Anthocyanins
7.2.3 Caramel
7.2.4 Annatto
7.2.5 Carotenoids
7.2.6 Chlorophyll
7.2.7 Spirulina
7.2.8 Others
7.3 Synthetic
7.3.1 Blue
7.3.2 Red
7.3.3 Yellow
7.3.4 Green
7.3.5 Amaranth
7.3.6 Carmoisine
7.3.7 Others
7.4 Nature Identical
8 Food Colors Market, By Application
8.1 Introduction
8.2 Food
8.2.1 Processed Food
8.2.2 Bakery & Confectionery Products
8.2.3 Meat, Poultry, and Seafood
8.2.4 Oils & Fats
8.2.5 Dairy Products
8.2.6 Others
8.3 Beverages
8.3.1 Juice & Juice Concentrates
8.3.2 Functional Drinks
8.3.3 Carbonated Soft Drinks
8.3.4 Alcoholic Drinks
9 Food Colors Market, By Form
9.1 Introduction
9.2 Liquid
9.3 Powder
9.4 Gel
10 Food Colors Market, By Solubility
10.1 Introduction
10.2 Dyes
10.3 Lakes
11 Food Colors Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Russia
11.3.5 Italy
11.3.6 Spain
11.3.7 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 Australia & New Zealand
11.4.5 Rest of Asia Pacific
11.5 Rest of the World (RoW)
11.5.1 South America
11.5.2 Africa
11.5.3 Middle East
12 Competitive Landscape
12.1 Overview
12.2 Market Ranking
12.3 Competitive Scenario
12.3.1 New Product Launches & Developments and New Technology Launches
12.3.2 Expansions & Investments
12.3.3 Mergers & Acquisitions
13 Company Profiles
13.1 ADM
13.2 Chr. Hansen
13.3 Dowdupont
13.4 Sensient Technologies
13.5 DSM
13.6 Naturex
13.7 DDW
13.8 Dhler Group
13.9 Fiorio Colori
13.10 Kalsec
13.11 Frutarom
13.12 Lycored
For more information about this report visit https://www.researchandmarkets.com/research/6svnnf/world_food_colors?w=5
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