Food Colours Market Outlook
According to the report by Expert Market Research (EMR), the global food colours market size is projected to grow at a CAGR of 12.3% between 2024 and 2032. Aided by the evolving consumer preferences and technological advancements, the market is expected to grow significantly by 2032.
Food colours are additives used to enhance the visual appeal of food and drinks. They play a pivotal role in compensating for colour losses during processing, enhancing naturally occurring colours, and adding colour to colourless and “fun” foods. These colours are derived from various sources, including natural substances like vegetables and minerals, and synthetic sources. They are integral in food processing, bakery, confectionery, beverages, and dairy products, significantly influencing consumer perception and acceptance of products.
The food colours market growth is significantly driven by the growing consumer inclination towards visually appealing food products. Furthermore, a rising health consciousness has led to an increased demand for natural and organic food colours over synthetic ones. Technological advancements in the food processing industry have enabled the development of new and stable food colouring agents, which are more effective and safer for consumption.
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According to the food colours market analysis, regulatory bodies worldwide are increasingly scrutinising food additives, including colours, to ensure consumer safety. This has led to reforms in food colour standards, promoting the use of safe and high-quality food colours.
As global food trends merge, there is a growing demand for diverse food colours to cater to varied regional tastes and preferences. Moreover, food colours are used in pharmaceuticals, cosmetics, and pet foods, broadening their market scope.
The food colours market demand is poised for a significant surge in the forecast period. The trend towards natural and organic food colours, coupled with technological innovations, will continue to shape the market. Additionally, the evolving global food landscape, with its emphasis on aesthetic appeal and health, will further stimulate market growth.
The market is set to witness substantial growth, driven by changing consumer preferences, technological advancements, stringent regulatory standards, and diverse applications across industries. The shift towards natural and organic colours, in particular, is expected to be a key trend in the foreseeable future.
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Food Colours Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
- Natural Colour
- Artificial Colour
Market Breakup by Application
- Meat Products
- Beverages
- Dairy
- Bakery and Confectionary
- Processed food and vegetables
- Oil and Fats
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global food colours market. Some of the major players explored in the report by Expert Market Research are as follows:
- Sensient Colors LLC
- Hansen Natural Colors A/S
- BASF SE
- DSM Nutritional Products AG
- Naturex S.A.
- DDW, Inc.
- Others
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