Food Colors Market Global Analysis by 2026, Fortune Business Insights™
The
global food colors market size is predicted to reach USD 4,772.58
million by 2026, exhibiting a CAGR of 8.19% during the forecast period. The
growing demand for processed food products and carbonated beverages will boost
the food colors market trends during the forecast period. The rising shift
towards all-natural and chemical-free products will bolster the healthy growth of the market in the forthcoming years. In
addition, the increasing awareness regarding the benefits of plant-derived food
ingredients will accelerate the food colors market revenue in the forthcoming
years.
According
to the published report by Fortune Business Insights, titled “Food Colors
Market Size, Share & Industry Analysis, By Type (Natural, Synthetic,
Naturally-identical, Caramel, and Others), Source (Plant and Animal, Chemicals,
and Others), Application (Processed Foods and Beverages), and Regional
Forecast, 2019 – 2026” the market size stood at USD 2,552.41 million in
2018.The food colors market report is fixed at delivering a comprehensive
description of the market dynamics and structure by identifying and providing
information regarding the key market segments. It also focuses on an
all-encompassing analysis of leading market players by financial position,
product, product portfolio, price, growth strategies, and regional presence. It
offers PORTER’s analysis and SWOT analysis to record the question of
shareholders and highlights the investment potential in the upcoming future. It
also showcases what procedures and strategies; companies are currently implementing
in the food colors market. It further examines the ways and components
convincing expansion, growth patterns, restricting factors, and market
strategies.
The
Report Lists the Main Companies in the Food Colors Market
Competitive Landscape:
Launch
of Technology Centre by Symrise to Boost Market Prospects
Symrise
AG, aglobal leader and producer of flavors and fragrances launch its new
Asia-Pacific Flavor Innovation and Technology Centre. The Centre is aimed to
contribute to Asia’s regional food & nutrition hub, whilst boosting the
local food manufacturing capabilities. The announcement of the Innovation and
Technology Centre will bolster healthy growth of the market in the forthcoming
years owing to the 30 € million expansion of its regional headquarters in
Singapore, which will help food manufacturers in many ways. Furthermore, Chief
Executive Officer of Symrise AG, Dr Heinz-Jürgen Bertram, said in a statement,
“Asia is fast becoming one of the main global sources of influence and
inspiration for innovative food products. And major centres for business, lifestyle,
technology, health and nutrition like Singapore will be at the heart of this
megatrend. He further added, “Similarly, Singapore will continue to be within
the heart of our growth story and I believe the new research and innovation
facilities will ignite greater collaboration, connectivity and creativity among
industry stakeholders, that will further develop Singapore’s food research and
manufacturing industry capabilities.” In addition, the growing consumption of
food items among general population will subsequently aid the expansion of the
food colors market.
Regional Analysis:
High
Consumption of Packaged Food to Promote Growth in North America
North
America generated a revenue of USD 667.77 million in 2018 and is predicted to
witness high growth during the forecast period owing to the growing demand for
natural food colors among manufacturers. The rising number of bans on synthetic
colors for ecological and toxicological reasons will positively contribute to
the growth of the market in North America. The increasing westernization and
commercialization will bolster healthy growth of the market in the region. The
rising demand for carbonated drinks will fuel demand for natural and synthetic
colors, which, in turn, will augur well for the market. The growing consumption
of ready-to-eat snacks will create opportunities for the market in Asia Pacific
in the forthcoming years. The surge in working population along with rising
disposable income will stimulate growth in the countries of Asia Pacific
Information Source:
https://www.fortunebusinessinsights.com/food-colors-market-102644
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