Kerala Daily

Food Colors Market to Growing at a CAGR of 4.7% | Key Players are ADM, International Flavors & Fragrances Inc., Sensient Technologies Corporation, DSM, Naturex, Döhler Group

 Breaking News
  • No posts were found

Food Colors Market to Growing at a CAGR of 4.7% | Key Players are ADM, International Flavors & Fragrances Inc., Sensient Technologies Corporation, DSM, Naturex, Döhler Group

June 13
20:25 2022
Food Colors Market to Growing at a CAGR of 4.7% | Key Players are ADM, International Flavors & Fragrances Inc., Sensient Technologies Corporation, DSM, Naturex, Döhler Group
MarketsandMarkets™
The global food colors market was estimated to be valued at USD 4,287.5 million in 2021. It is projected to reach USD 5,386.8 million by 2026, recording a CAGR of 4.7% during the forecast period.

The reportFood Colors Market by Type (Natural, synthetic, nature-identical), Application (Food products, and beverages), Form (Liquid, powder, and gel), Solubility (Dyes and lakes) & Region – Global Forecast to 2026″ is estimated to be valued at USD 4,287.5 million in 2021. It is projected to reach USD 5,386.8 million by 2026, recording a CAGR of 4.7% during the forecast period. On the basis of solubility of food color, the market is segmented into dyes and lakes. The dye segment held a share of nearly 69.6% of the food colors market. This segment is projected to grow at a higher CAGR from 2021 to 2026. A major difference between these two forms is their solubility in water. Dyes are water-soluble and are usually available in the form of powders, granules, or liquids. Lakes are not water-soluble and are found in products that contain fats and oils.

https://www.marketsandmarkets.com/Images/food-colors-market16.jpg

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36725323

Processed food products witnesses a high demand with new product developments

Colors make food products visually appealing and enable the identification of flavors in a food item, which helps increase the salability of the product. Processed food products, such as crisps, sausage rolls, tinned vegetables, savory snacks, and other convenience foods, account for the largest market share in the food colors industry. The processed food Products industry is gradually growing as a result of the high demand for convenience foods with improved lifestyles. European Union was the largest importer of processed food products in the world, accounting for USD 462.3 billion in 2017, followed by the US, which recorded USD 117.2 billion, and China USD 64.9 billion. China has witnessed a 10.2% of CAGR on the imports of processed since 2015-2017, which was faster as compared to other developing countries. In the near future, the processed food products market is estimated to grow continuously due to factors, such as diet upgrades, resulting from a rise in incomes, as well as growing health. IRI data analyzed by The Good Food Institute witnessed a larger increase, with plant-based meat sales, which is 454% higher than the previous year in the week of March 21. This growth in the processed food industry has led to an increase in demand for food colors as an additive in these products.

Europe dominated the food colors market, with a value of USD 1,385.4 million in 2020; it is projected to reach USD 1,799.7 million by 2026, at a CAGR of 4.7% during the forecast period.

The high demand for packaged food and the growing bakery and confectionery and dairy & frozen products market in Germany are the key drivers encouraging the growth of the food colors market in the country. Furthermore, investments in new technological developments are projected to encourage the formulation of innovative natural or nature-identical colors for applications, such as pharmaceuticals and processed food. Key players, such as Döhler Group, are actively adopting strategies, such as expansions and investments that have driven the food colors market growth in Germany.

Make an Inquiry @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=36725323

Key players in this market include ADM (US), International Flavors & Fragrances Inc. (US), Sensient Technologies Corporation (US), DSM (Netherlands), Naturex (France), DDW (US), Döhler Group (Germany), Florio Colori (Italy), and Lycored (Israel). These players have adopted growth strategies such as collaborations and agreements to increase their presence in the global market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/food-colors-market-36725323.html