Food Colors Market Size, Share, Forecast, & Trends Analysis by Type (Natural & Nature-identical ), Source (Plants), Form (Liquid), Solubility (Water, Oil), Application (Processed Food Products, Beverages)-Global Forecast to 2031

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Food Colors Market Size, Share, Forecast, & Trends Analysis by Type (Natural & Nature-identical {Carotenoids, Anthocyanin}), Source (Plants), Form (Liquid), Solubility (Water, Oil), Application (Processed Food Products, Beverages)-Global Forecast to 2031

According to the research report titled, 'Food Colors Market Size, Share, Forecast, & Trends Analysis by Type (Natural & Nature-identical {Carotenoids, Anthocyanin}), Source (Plants), Form (Liquid), Solubility (Water, Oil), Application (Processed Food Products, Beverages)-Global Forecast to 2031,' the food colors market is projected to reach $5.42 billion by 2031, at a CAGR of 6.5% during the forecast period 2024-2031. The report provides an in-depth analysis of the global food colors market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2031.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of this market is driven by the growing demand for natural food colorants, the rising need to enhance the appeal of food & beverage products, and increasing research & development activities in the food industry. However, stringent government regulations and the high prices of natural food colors may restrain the growth of this market. The growing demand for food colors in emerging economies and the rising demand for natural, organic & clean-label foods are expected to create market growth opportunities. Moreover, the growing demand for plant-based foods is a prominent trend in the food colors market.

The key players operating in the global food colors market are Archer-Daniels-Midland Company (U.S.), Oterra A/S (Denmark), Sensient Technologies Corporation (U.S.), BASF SE (Germany), Givaudan SA (Switzerland), DSM-Firmenich AG (Switzerland), International Flavors & Fragrances Inc. (U.S.), Dohler Group (Germany), Lycored, Ltd (A Part of ADAMA Agricultural Solutions Ltd.) (Israel), GNT Group B.V. (Netherlands), San-Ei Gen F.F.I., Inc. (Japan), Kalsec, Inc. (U.S.), Mane Kancor Ingredients Private Limited (India), Innovation Colour Technology S.L. (Spain), IFC Solutions (U.S.), and Allied Biotech Corporation (Taiwan).

Based on type, in 2024, the natural & nature-identical segment is projected to hold the larger share of 67.8% of the food colors market. This significant market share is primarily attributed to the substantial number of companies offering natural and nature-identical food colors, rising consumer demand for organic products, increasing preference for clean-label food items, and advancements in microencapsulation technology for natural colors. Moreover, this segment is projected to register a higher CAGR of 6.8% during the forecast period 2024-2031.

Based on source, the plants segment is anticipated to dominate the food colors market in 2024. This growth is primarily driven by the growing demand for natural and organic food ingredients, the wide availability of various plant sources for food color extraction, and technological advancements in extraction and processing. Additionally, the rising clean-label trend and stringent regulations regarding the use of chemical additives in food products are encouraging manufacturers to adopt natural plant-based colors to comply with consumer safety standards, contributing to the segment's large market share.

Based on form, in 2024, the liquid segment is expected to account for the largest share of the food colors market. The large share of this segment is attributed to the advantages provided by liquid food colors, including superior shelf life, enhanced visual appeal, improved viscosity, and better mouthfeel and texture. Additionally, the higher water content in liquid food colors makes them particularly suitable for use in products such as hard candy, lollipops, frostings, cakes, cookies, ice cream, and syrups.

Based on solubility, the water-soluble segment is expected to hold the largest share of the food colors market in 2024. The large share of this segment is primarily attributed to the widespread adoption of water-soluble food colors, driven by their high stability and concentration, making them a preferred choice across various food and beverage applications.

Based on application, the processed food products segment is estimated to dominate the food colors market. This significant share is largely driven by the expanding processed food industry, the rising demand for convenience foods, and the widespread use of food colors to prevent color loss during processing. These colors help enhance visual appeal, ensure consistency, and improve the appearance of uncolored food products.

Based on geography, the food colors market is segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Europe is expected to account for the largest share of 33.8% of the food colors market, followed by North America and Asia-Pacific. Europe's food colors market is estimated to reach $1.18 billion in 2024. Europe's substantial market share is primarily due to the presence of well-established key players, expanding R&D activities within the food industry, and the growing adoption of natural food colors. This shift is driven by strict regulations on synthetic food colors and a strong emphasis on sustainability across the region.

Key Questions Answered in the Report:

What is the revenue generated from the sale of food colors globally?
At what rate is the global demand for food colors projected to grow for the next five to seven years?
What is the historical market size and growth rate for the food colors market?
What are the major factors impacting the growth of this market at the global and regional levels?
What are the major opportunities for existing players and new entrants in this market?
Which type, form, solubility, application, and source segments are expected to create major traction for the manufacturers in this market?
What are the key geographic trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers in the food colors market?
Who are the major players in the food colors market? What are their specific product offerings in this market?
What are the recent key developments in the food colors market? What are the impacts of these strategic developments?

Scope of the Report:

Food Colors Market Assessment-by Type

Natural & Nature-identical
Carotenoids
- Beta Carotene
- Annatto
- Lutein
- Lycopene
- Canthaxanthin
- Astaxanthin
- Other Carotenoids
Anthocyanins
Caramel
Chlorophyll
Curcumin
Betanin
Carmine
Spirulina
Other Natural & Nature-identical Colors
Synthetic
Blue
Red
Yellow
Green
Amaranth
Carmoisine
Tartrazine
Other Synthetic Colors

Food Colors Market Assessment-by Source

Plants
Minerals
Chemicals
Microorganisms
Animals

Food Colors Market Assessment-by Form

Powder
Liquid
Other Forms (Gels and Emulsions)

Food Colors Market Assessment-by Solubility

Water
Oil
Dye

Food Colors Market Assessment-by Application

Processed Food Products
Bakery & Confectionery
Meat, Poultry, and Seafood
Dairy
Snacks & Cereals
Oils & Fats
Other Processed Food Products
Beverages
Non-alcoholic Beverages
- Carbonated Soft Drinks
- Juices & Juice Concentrates
- Dairy & Dairy Alternative Beverages
- Other Non-alcoholic Beverages
Alcoholic Beverages

Food Colors Market Assessment-by Geography

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Netherlands
Denmark
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Singapore
Malaysia
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
United Arab Emirates
South Africa
Saudi Arabia
Rest of Middle East & Africa

Product Code: MRFB - 104134

1. Introduction

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency & Limitations
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Approach
2.2. Data Collection & Validation Process
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing & Forecasting
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study

3. Executive Summary

3.1. Overview
3.2. Segmental Analysis
- 3.2.1. Food Colors Market Analysis: by Type
- 3.2.2. Food Colors Market Analysis: by Source
- 3.2.3. Food Colors Market Analysis: by Form
- 3.2.4. Food Colors Market Analysis: by Solubility
- 3.2.5. Food Colors Market Analysis: by Application
3.3. Regional Analysis
3.4. Market Competitors & Competitive Landscape

4. Market Insights

4.1. Overview
4.2. Drivers
- 4.2.1. Rising Demand for Natural Food Colorants
- 4.2.2. Growing Need to Enhance the Appeal of Food & Beverage Products
- 4.2.3. Growing Research & Development Activities in the Food Industry
4.3. Restraints
- 4.3.1. Stringent Government Regulations
- 4.3.2. High Prices of Natural Food Colors
4.4. Opportunities
- 4.4.1. Growing Demand for Food Colors in Emerging Economies
- 4.4.2. Growing Demand for Natural, Organic, and Clean-label Foods
- 4.4.3. Exploration of New Raw Material Sources
4.5. Key Trends
- 4.5.1. Growing Demand for Plant-based Foods
4.6. Regulatory Analysis
- 4.6.1. North America
- 4.6.2. Europe
- 4.6.3. Asia-Pacific
- 4.6.4. Rest of the World
4.7. Porter's Five Forces Analysis
- 4.7.1. Bargaining Power of Suppliers
- 4.7.2. Bargaining Power of Buyers
- 4.7.3. Threat of Substitutes
- 4.7.4. Threat of New Entrants
- 4.7.5. Degree of Competition
4.8. Pricing Analysis
- 4.8.1. Natural & Nature-identical Food Colors
  - 4.8.1.1. Carotenoids
    - 4.8.1.1.1. Beta Carotene
    - 4.8.1.1.2. Annatto
    - 4.8.1.1.3. Lutein
    - 4.8.1.1.4. Lycopene
    - 4.8.1.1.5. Canthaxanthin
    - 4.8.1.1.6. Astaxanthin
    - 4.8.1.1.7. Other Carotenoids
  - 4.8.1.2. Anthocyanins
  - 4.8.1.3. Caramel
  - 4.8.1.4. Chlorophyll
  - 4.8.1.5. Curcumin
  - 4.8.1.6. Betanin
  - 4.8.1.7. Carmine
  - 4.8.1.8. Spirulina
  - 4.8.1.9. Other Natural & Nature-identical Colors
- 4.8.2. Synthetic
  - 4.8.2.1. Blue
  - 4.8.2.2. Red
  - 4.8.2.3. Yellow
  - 4.8.2.4. Green
  - 4.8.2.5. Amaranth
  - 4.8.2.6. Carmoisine
  - 4.8.2.7. Tartrazine
  - 4.8.2.8. Other Synthetic Colors
4.9. Value Chain Analysis

5. Food Colors Market Assessment-by Type

5.1. Overview
5.2. Natural & Nature-identical Food Colors
- 5.2.1. Carotenoids
  - 5.2.1.1. Beta Carotene
  - 5.2.1.2. Annatto
  - 5.2.1.3. Lutein
  - 5.2.1.4. Lycopene
  - 5.2.1.5. Canthaxanthin
  - 5.2.1.6. Astaxanthin
  - 5.2.1.7. Other Carotenoids
- 5.2.2. Anthocyanins
- 5.2.3. Caramel
- 5.2.4. Chlorophyll
- 5.2.5. Curcumin
- 5.2.6. Betanin
- 5.2.7. Carmine
- 5.2.8. Spirulina
- 5.2.9. Other Natural & Nature-identical Colors
5.3. Synthetic
- 5.3.1. Blue
- 5.3.2. Red
- 5.3.3. Yellow
- 5.3.4. Green
- 5.3.5. Amaranth
- 5.3.6. Carmoisine
- 5.3.7. Tartrazine
- 5.3.8. Other Synthetic Colors

6. Food Colors Market Assessment-by Source

6.1. Overview
6.2. Plants
6.3. Minerals
6.4. Chemicals
6.5. Microorganisms
6.6. Animals

7. Food Colors Market Assessment-by Form

7.1. Overview
7.2. Powder
7.3. Liquid
7.4. Other Forms (Gels and Emulsions)

8. Food Colors Market Assessment-by Solubility

8.1. Overview
8.2. Water
8.3. Oil
8.4. Dye

9. Food Colors Market Assessment-by Application

9.1. Overview
9.2. Processed Food Products
- 9.2.1. Bakery & Confectionery
- 9.2.2. Meat, Poultry, and Seafood
- 9.2.3. Dairy
- 9.2.4. Snacks & Cereals
- 9.2.5. Oils & Fats
- 9.2.6. Other Processed Food Products
9.3. Beverages
- 9.3.1. Non-alcoholic Beverages
  - 9.3.1.1. Carbonated Soft Drinks
  - 9.3.1.2. Juices & Juice Concentrates
  - 9.3.1.3. Dairy & Dairy Alternative Beverages
  - 9.3.1.4. Other Non-alcoholic Beverages
- 9.3.2. Alcoholic Beverages

10. Food Colors Market Assessment-by Geography

10.1. Overview
10.2. North America
- 10.2.1. U.S.
- 10.2.2. Canada
10.3. Europe
- 10.3.1. Germany
- 10.3.2. France
- 10.3.3. U.K.
- 10.3.4. Spain
- 10.3.5. Italy
- 10.3.6. Netherlands
- 10.3.7. Denmark
- 10.3.8. Russia
- 10.3.9. Rest of Europe
10.4. Asia-Pacific
- 10.4.1. China
- 10.4.2. India
- 10.4.3. Japan
- 10.4.4. Australia
- 10.4.5. South Korea
- 10.4.6. Singapore
- 10.4.7. Malaysia
- 10.4.8. Rest of Asia-Pacific
10.5. Latin America
- 10.5.1. Brazil
- 10.5.2. Mexico
- 10.5.3. Argentina
- 10.5.4. Rest of Latin America
10.6. Middle East & Africa
- 10.6.1. United Arab Emirates
- 10.6.2. South Africa
- 10.6.3. Saudi Arabia
- 10.6.4. Rest of Middle East & Africa

11. Competition Analysis

11.1. Overview
11.2. Key Growth Strategies of Leading Players
11.3. Competitive Benchmarking
11.4. Competitive Dashboard
- 11.4.1. Industry Leaders
- 11.4.2. Market Differentiators
- 11.4.3. Vanguards
- 11.4.4. Emerging Companies
11.5. Market Share/Ranking Analysis of Key Players, 2023

12. Company Profiles (Company Overview, Financial Overview, Product Portfolio, Strategic Developments, and SWOT Analysis*)

12.1. Oterra A/S
12.2. Sensient Technologies Corporation
12.3. Archer-Daniels-Midland Company
12.4. Givaudan SA
12.5. DSM-Firmenich AG
12.6. BASF SE
12.7. International Flavors & Fragrances Inc.
12.8. Dohler Group
12.9. GNT Group B.V.
12.10. Lycored, Ltd (A Part of ADAMA Agricultural Solutions Ltd.)
12.11. San-Ei Gen F.F.I., Inc.
12.12. Kalsec, Inc.
12.13. Mane Kancor Ingredients Private Limited
12.14. Innovation Colour Technology S.L.
12.15. IFC Solutions
12.16. Allied Biotech Corporation

(Note*: SWOT analysis will be provided for the top 5 companies.)

13. Appendix

13.1. Available Customization
13.2. Related Reports