Food Color Market Ltest Trends, Demand, Growth, Opportunity and Forecast to 2034

 The market valuation of the global food color market was US$ 4.76 billion in 2023. This market valuation is estimated to reach US$ 4.83 billion in 2024. In addition, the moderate CAGR of 5.80% shall elevate the market valuation to US$ 8.46 billion by 2034. This market development is influenced by various critical market forces that help the market grow.

Consumers have started to become more aware of their physical health, which raises concerns regarding healthy food and diet. Due to this, consumers have been demanding natural additives. This surges the demand for natural colors in food, which acts as one of the key market drivers.

Request the Sample Copy today!  https://www.futuremarketinsights.com/reports/sample/rep-gb-14818

Due to intercultural exchange, various global cuisines have crossed borders to reach different parts of the world. This emphasizes the demand for colors to give a conventional appearance to the cuisine, which is another market driver for the subject market.

Food appearance has gained significant importance. Due to this, cuisine preparation needs to be attractive. Consequently, to enhance the look of a dish, the use of colors has become common, which surges the demand for colors. As a result, this creates another crucial market driver for the said market.

Marketing channels have gained rising importance, emphasizing the look of a dish or beverage. Due to this, the rise of media marketing channels surges the demand for food additives. Thus, the changed marketing landscape is playing a role as the market driver.

Key Takeaways from the Market Study

  • The market’s CAGR from 2019 to 2023 was 5.3%, which rose to 5.8% from 2024 to 2034. This is an optimistic scenario for the subject market.
  • Food manufacturers use vibrant colors more to attract consumers. However, excessive additives might affect human health, which is one of the key hindrances for the market.
  • The United States of America leads North America. It forecasts progress at a moderate CAGR of 5.5%.
  • Germany leads the European market, wherein the rising population has been one of the key factors for the market progress. It estimates the market advancement at a CAGR of 5.5%.

“The increased consumption of bakery items has surged the demand for food additives, particularly synthetic colors, to increase their shelf life and appearance. This has been driving the market segment significantly, contributing to its growth,” claims the FMI analyst.

Competitive Landscape

The discrete distribution of competitors globally creates several opportunities for new entrants. However, the global canvas creates various challenges for the players, as different countries have different laws and regulations for food additives.

Competitors bolster their market presence through various market strategies, including strategic alliances, partnerships, mergers and acquisitions, product development, and many other key strategic initiatives. These moves help marketers gain a competitive advantage.

  • In April 2019, Archer Daniels Midland Company innovated micronized color powder and added it to the organization’s existing product line.
  • In December 2021, Givaudan acquired DDW, which helped the business to penetrate the global market. The distribution network could be bolstered through this initiative.
  • In June 2022, Sensient Technologies Corp. acquired Endemix Doal Maddeler AS, which developed the business’s working market verticals.

The following organizations actively participate in the market competition:

  • Archer Daniels Midland Company
  • Allied Biotech Corporation
  • DIC Corporation (BASF SE)
  • BioconColors
  • DDW, The Color House
  • Döhler Group
  • GNT International B.V.
  • Kalsec Inc.
  • DSM
  • Naturex S.A.
  • ROHA ( A JJT Group Company)
  • San-Ei Gen F.F.I., Inc.
  • Sensient Colors LLC.
  • Symrise AG
  • Chr. Hansen Holding A/S

More Valuable Insights Available

Future Market Insights offers an unbiased global food color market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.

The food color market is segmented based on color type (natural and synthetic), end-use application (beverage, bakery, snacks and cereal, dairy, fruit preparations/fillings, meat, poultry, fish and eggs, sauces, soups and dressings, seasonings, and pet food) and form (liquid, powder and gel) across seven major countries (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

Information Source: https://www.futuremarketinsights.com/reports/food-colors-market

Comments

Post a Comment

Popular posts from this blog

Chewable Energy Tablet Market Potential Growth, Share, Demand and Analysis of Key Players — Forecasts to 2034

 The global  chewable energy tablet market  value is estimated to total  US$ 478.9 million  in 2024. It will likely exhibit a CAGR of  8.9%  throughout the forecast period, totaling a valuation of  US$ 1,120.6 million  by 2034. Consumers mostly prefer orange-flavored chewable energy tablets owing to their perceived health benefits and other advantages. As per the latest analysis, the orange flavor segment will likely progress at a CAGR of  5.6%  through 2034. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-19020 Several factors are predicted to fuel the growth of the chewable energy tablet industry during the assessment period. These include: Increasing demand for convenient and portable energy sources Growing health consciousness Rising preference of fitness enthusiasts towards chewable energy products Escalating  demand for functional foods Ava...
Read more

Canned Soup Market Growth Opportunities, Industry Analysis, Size, Share, Geographic Segmentation & Competitive Landscape Report To 2032

 The  canned soup market  is witnessing significant growth in recent years due to the convenience it offers to consumers. Canned soups are a quick and easy meal option, saving time and effort in the kitchen. With an increasing number of working individuals and busy lifestyles, the demand for ready-to-eat meals is soaring. Additionally, the pandemic has further driven the market, as people seek shelf-stable, long-lasting food options during lockdowns. The global canned soup market is anticipated to rise at a CAGR of 6.6% over the projected period, reaching a market value of US$ 2.8 Bn by 2022. Furthermore, consumers prefer canned soup products to alternative protein sources because of benefits such as balanced macro and micronutrients, as well as high protein content. As the consumption of processed foods is increasing across the globe, the demand in the market is expected to surge. Dive into the dynamic world of the Canned Soup Market with our exclusive Sa...
Read more

Moringa Tea Market Size 2024 Global Industry Share, Top Players, Opportunities And Forecast To 2034

 The global  moringa tea market  size to record a valuation of US$ 8,001.40 million in 2024. Looking ahead to 2034, the current forecast projects a CAGR of 10.40% throughout. Current projections of the moringa tea industry imply a valuation of US$ 21,456.10 million by 2034. Impelling Causes Bolstering Moringa Tea Demand Owing to its health benefits, moringa tea is a proliferating trend among other tea beverages on the market, such as the well-known matcha tea. The market niche of moringa tea is evolving due to its appeal to tea lovers and health-conscious consumers. Moringa tea stands out from other tea products due to its high nutritious content and lack of caffeine. Among the products made from moringa are oil, tea, seeds, and other health-related items. The global moringa tea market is augmenting due to the ease with which raw materials can be obtained and the extensive network of exporters of moringa tea. Request a Sample Report!  https://www.futuremarket...
Read more