Food Colorants Market - Revenue Outlook, Segmentation and Key Trends to 2027

1. Food Colorants Market - Trends, Competitor Analysis and Regional Share Report to 2027

2. Food Colorants Market size is expected to surpass USD 5.85 billion by 2027. Growing consumer demand for convenience and RTE food products coupled with the rapid development of the global food and beverages industry will boost the demand for food colorants over the forecast period. • Some major findings of the food colorants market report include: • Nature-identical colors segment was approximately valued at USD 850 million in 2020. Growing demand for processed food is likely to boost product demand and drive market growth • The curcumin market is anticipated to cross USD 370 million by 2027 and is expected to grow over a CAGR of 8.5% during the forecast period on account of its inherent antioxidant, and anti-inflammatory properties. • The synthetic red food colorant has accounted for over USD 650 million in 2020. The growing demand from ice cream variants, cold beverages, and meat & poultry products is anticipated to drive the product demand. • Natural food colorants are derived from natural sources such as fruits, vegetables, minerals etc. The remarkable attributes of these ingredients such as their high nutritional profile and easy availability along with the awareness related to side effects of synthetic food colorants are expected to raise the product demand. • The caramel segment is expected to reach USD 280.0 million by 2027 on account of the growing demand for soft drinks, puddings, desserts, and cakes.

3. Growing domestic consumption of bakery & confectionery products is likely to raise the demand for food colorants market over the forecast timeframe as they have been utilized in various products by artisan bakers. Moreover, with the rising demand for clean label foods and health awareness, the European market for natural food color continues to hold the largest market share. • Natural food colorants increase the nutritional value of food as they are extracted from natural sources such as vegetables, fruits, and tubers. They are free from artificial additives and contain vitamins & minerals that possess antioxidant, anti-inflammatory properties thus reducing the risk of various carcinogenic or cardiovascular diseases. All these factors are expected to escalate product demand for producing bakery & confectionery and dairy & frozen products, boosting European market growth. The natural food colorants market for bakery products was valued at over USD 85.0 million in 2020 and is expected to grow at a CAGR of 6.5% throughout the assessment period. • In the European Union, food coloring is regulated as a food additive in a comprehensive set of regulations on food improvers. Currently, 39 colorants are approved by the European Union as color additives for use in foods. Supportive regulations enacted by the European Commission are expected to boost food colorants market demand during forecast period.

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5. Regional Analysis • The European food colorants market is projected to surpass USD 1.7 billion by 2027. As per The Federation of Bakers, Europe is among the most dynamic market for baked goods such as cookies, cakes, pastries, biscuits, etc., and its accounts for the largest share in the global market. Countries such as Germany, the UK, France, Netherlands, and Spain are considered to be the largest market in Europe for bakery & confectionery products. • Competitive Analysis • Key players in the food colorants market are BASF SE, Cargill Incorporated, Koninklijke DSM N.V., ADM, FMC Corporation, DowDuPont, DDW The Colour House, Chr. Hansen Holding A/S, and Sensient Colors LLC. The other players of global market include GNT Group, Döhler Group, Naturex, Lycored, Frutarom, San-Ei Gen F.F.I., Inc., Sethness Caramel Color, WILD Flavors and Specialty Ingredients and RIKEN VITAMIN Co., Ltd.

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