The food and beverage industry uses natural food colours as additives to improve the colour of cooked or processed food products. The most popular sources of them are caramel, red cabbage, turmeric, beetroot juice and annatto. Natural food colouring is made up of natural extracts, pigments, and dyes and is devoid of allergies and genetically modified organisms (GMOs). They are a necessary ingredient in the production of liquids, gels, gel pastes, and edible powders since they are non-toxic and environmentally benign. They are widely used in home and industrial cookery, giving food a decorative appearance and extending its freshness.
According to SPER market research, ‘ Natural Food Colors Market Size- By Solubility, By Color Type, By Source, By Application, By Form- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Natural Food Colors Market is predicted to reach USD 4.60 billion by 2033 with a CAGR of 11.51%.
Natural food colouring is in high demand due to many characteristics that increase the overall attractiveness and consumption of these items. The rising demand for clean label foods and the health advantages of natural colours is propelling the growth of the worldwide natural food colour market. Furthermore, food products with these colours have a more appealing product, which increases demand for them globally and accelerates market expansion. For a number of reasons, consumers are becoming more and more interested in natural food additives and ingredients. Taste, sustainability, food safety, personal health, and transparency are a few of the elements driving market demand among producers of foods and drinks.
However food manufacturers—mostly in underdeveloped nations—are discouraged from becoming as innovative as large companies and brands that are consistently pushing for healthier food items due to the high cost of extraction and expensive raw materials. This aspect is clearly recognised as a major market limitation that prevents natural food colouring from outperforming competitors in the market.
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Impact of COVID-19 on Natural Food Colors Market
Furthermore, while food pricing continues to be a major concern for consumers worldwide, the COVID-19 pandemic has escalated customers' demand to know where their food originates from. Additionally, people are more wary of contracting an infection from consuming more imported goods with unclear and unexplained ingredient origins, which has led to an increase in the desire for locally produced food. Both the regional producers of natural colourants and the recently launched private label competitors in the food sector have profited from this. Nutraceuticals are recommended by the scientific and medical communities worldwide as a means of enhancing immunity and promoting better health, a development that benefits the natural food colourant sector as the scenario creates ongoing calls to contain and eventually stop the global COVID-19 epidemic.
Natural Food Colors Market Key Player
Geographically, the market for natural food ingredients and additives is dominated by Europe, which has a beneficial effect on the market's use of natural food colouring. Additionally, some of the market key players are Archer-Daniels-Midland Company, Byrnes & Kiefer Company, Koninklijke DSM N.V., Nactarome S.p.A., T. Hasegawa Co., Ltd., Taiyo Kagaku Co., Ltd., The Watkin Company, Vivify, Others.
Natural Food Colors Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply
Forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Solubility: Based on the Solubility, Global Natural Food Colors Market is segmented as; Dye, Water.
By Color Type: Based on the Color Type, Global Natural Food Colors Market is segmented as; Annatto, Anthocyanins, Caramel, Carmine, Carotenoids, Chlorophyll and Spirulina, Curcumin.
By Source: Based on the Source, Global Natural Food Colors Market is segmented as; Animal, Plant.
By Application: Based on the Application, Global Natural Food Colors Market is segmented as; Beverages, Processed Food Products.
By Form: Based on the Form, Global Natural Food Colors Market is segmented as; Liquid, Powder.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Natural Food Colors Market Growth Opportunities.
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