Food colors are considered as food additives or ingredients which are used commercially in food and drinks which makes make the product more attractive, appetizing, appealing, and informative allowing consumers to identify products on sight. The association of colors with different flavors determines the consumer perception of flavor from colors will mark the growth of this market. According to FDA, color additive is any dye, pigment or substance which added or applied to a food, drug or cosmetic, or to the human body, is capable (alone or through reactions with other substances) of imparting color.
Owing to growing consumer awareness on food colors in the recent years has surged the industrial demand of food colors. The growth has been driven by the increased acceptance of natural food Colors amongst the consumers. Market Research Future, a firm which specializes in market reports related to the Foods, Beverages & Nutrition sector among others, recently forecasted in its report “Global Food Colors Market Research Report- Forecast to 2023” that the market will demonstrate an exceptional CAGR % while achieving million-dollar growth readily in the forecast period.
The key market players profiled in Food Colors are Chr. Hansen S/A (Denmark), Archer Daniels Midland Company (U.S.), Sensient Technologies (U.S.), D.D. Williamson & Co. Inc. (DDW) (U.S.), Kalsec Inc. (U.S.), Doehler Group (Germany), and FMC Corporation (U.S.) among many others.
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The global Food Colors market has been divided into ingredient, type, form, application, and region.
On The Basis Of Ingredient: Natural (Carotenoids, Anthocyanin, Paprika Extract, Curcumin, Chlorophyll, Spirulina and Others) and synthetic (Red, Green, Yellow & Orange, Blue, and Others)
On The Basis Of Type: Natural and Synthetic
On The Basis Of Form: Liquid, Gel, Powder, and Paste
On The Basis of Application: Beverages, Bakery & Confectionary, Dairy Products, Meat Products, Savory & Snacks, and Others (condiments, dressings, frozen products)
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
The global Food Colors market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global Food Colors market is highly dominated by Europe followed by North America. North America is one of the attractive region among the food color manufacturers over the past few years. The consumption of food color is high in the US. US consumers are inclined to adopt natural food color for its various properties. US is the major country in North America for the massive consumption of food color. Asia Pacific will be fastest growing market during the review period.
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