Global Natural Food Color Market Forecast to Cross USD 1.77 Billion by 2021: ZMR Report
Some of the major players working in global natural food color market are Chr. Hansen Holding A/S, Sensient Technologies Corporation, International Flavors & Fragrances Inc., Symrise AG, Givaudan SA, Kerry Group Plc., Archer Daniels Midland Company, Royal DSM N.V., DD Williamson, and FMC Corporation. These players will have a strong impact in the development of the global natural food color market.
Analysts at Zion Market Research claim that the global natural food color market added up for USD 1.31 Billion in 2015. The natural food color market is likely to cross USD 1.77 Billion by 2021, developing at a CAGR of almost 5.2% from 2016 to 2021.
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Sings Awareness Related To Damaging Effects Of Synthetic Colors To Boost The Natural Food Color Market In The Years To Come
Analysts at Zion Market Research claim that the rise in demand for natural food colors in the global market is due to risings awareness related to damaging effects of synthetic colors employment and the chemicals utilized in making them. Prohibition in trading of synthetic color-made goods and its predication in selected global markets such as all European nations and Japan elevated the requirement for natural food color market in the last decade. This trend is likely to carry on in the years to come boosting the natural food color market. Nevertheless, encouragement for employing natural food colors instead of synthetic food colors in novel items such as infant toys and crayons, handmade paper, and organic textile printing is likely to unlock growth opportunities for the natural food color market in the years to come. In addition to this, the high cost in the making of natural food color is one of the major limiting factors for the development of the natural food color market.
Various activities carried out by market players is also expected to boost the development of natural food color market. For example, in November 2017, Chr. Hansen expanded its series of coloring foodstuff, assisting the food & beverage makers and boosting the natural food color market.
Rising Demand For Natural Color For Ready-To-Eat Food Items In China And India To Power Natural Food Color Market In Asia Pacific
North America ruled the regional natural food color market in 2015 owing to the biggest number of health related user base in the area paired with the requirement for clean & healthy label food items. Asia Pacific is likely to be the quickest developing division for the natural food color market in the years to come due to the rising demand for natural color for ready-to-eat food items in China and India. The Middle East and Latin America are likely to develop rapidly in the natural food color market in the near future.
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The global natural food color market is segmented as follows:
- Dairy & Frozen Products
- Meat Products
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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