Mar 01, 2021, 01:42 EST
Shibuya-ku, Tokyo, Japan, Japan, Mar 01, 2021, 01:42 /Comserve / -- The report analyze market size, share, growth, trends, segmentation, top key players, strategies, demand, statistics, competitive landscape and forecast.
Global natural food colorants market is forecasted to reach USD 1.5 billion by 2024 growing at a CAGR of 6.3% during the forecast period (2019-2024).
- The health-enhancing properties of natural colors, combined with the organic properties in the natural products, is also increasing the appeal for the same.
- Restraints in natural colorants are mainly due to the higher production cost of fermentation pigments, compared to pigments of synthetic origin or extracted from natural source.
- FDA uses the term ‘exempt color additives’ to indicate that they are exempted from the certification process.
Scope of the Report
Global natural food colorants market offers a range of products applicable to beverage, dairy & frozen product, bakery, meat, poultry & seafood, confectionery, oil & fat, and other industries. The study also covers a global level analysis for the major regions namely, North America, Europe, Asia-Pacific, South America, and Middle East and Africa
Key Market Trends
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Rising Demand for Clean Label Ingredients
Consumers demand clean labels on products to know what exactly they consume and at what levels which is likely to drive the demand for clean label ingredient supplementing the market growth for natural colorants. Consumers, globally, are highly concerned about the long-term effects of synthetic colors on health, leading food manufacturers to incorporate naturally sourced ingredients during product formulation.
Asia-Pacific Emerges as the Fastest Growing Market
The increase in demand for processed food in this fastest-growing region has triggered the food colorant application market. The demand for natural colors varies across the region, with higher penetration level in Australia and Japan, while there is significant potential for conversion from synthetic colors in China and Southeast Asia. The driving factor for natural food colorants is the prevalence of food safety scandals, recycling of waste oil, and animal feed oils that were synthetically colored and sold as healthier vegetable oils in Taiwan, toxic toothpaste produced in China and imported around the world; or high-levels of lead in packet noodles in India.
Global natural food colorants market is highly fragmented due to the presence of several small manufacturers across the globe. Some of the key players in the market are Chr. Hansen Holding, Koninklijke DSM N.V., Sensient Technologies Corporation and DuPont. The major players have been expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market.
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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Application
184.108.40.206 Dairy & Frozen Product
220.127.116.11 Meat, Poultry & Seafood
18.104.22.168 Oil & Fat
5.2.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
5.2.3 Asia Pacific
220.127.116.11 Rest of Asia-Pacific
5.2.4 South America
18.104.22.168 Rest of South America
5.2.5 Middle East and Africa
22.214.171.124 South Africa
126.96.36.199 United Arab Emirates
188.8.131.52 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Chr. Hansen Holding A/S
6.4.2 DDW The Colour House
6.4.3 Koninklijke DSM N.V.
6.4.4 Sensient Technologies Corporation
6.4.6 Dohler GmbH
6.4.8 BASF SE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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Shibuya Data Count
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