Natural Food Colors Market Size, Share Global Analysis Report, 2023 – 2030

Industry Insights

[220+ Pages Report] According to the report published by Facts Factors, the global natural food colors market size was valued at around USD 1,645 million in 2022 and is expected to grow around USD 2,578 million by 2030 with a compound annual growth rate (CAGR) of approximately 6.63% between 2023 and 2030. The report analyzes the global natural food colors market drivers, restraints/challenges, and the impact they have on the demands during the forecast period. In addition, the report explores emerging opportunities in the natural food colors market.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the natural food colors industry. The report analyzes and declares the historical and current trends analysis of the natural food colors industry and subsequently recommends the projected trends anticipated to be observed in the Natural Food Colors market during the upcoming years.

The natural food colors market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire natural food colors market. The historical and past insights are provided for FY 2020 to FY 2022 whereas projected trends are delivered for FY 2023 to FY 2030. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2020 – 2030.

Key Insights from Primary Research

• As per our analysis, the natural food colors market is set to grow annually at a rate of around 6.63%
• It was valued through primary research that the natural food colors market was valued at around USD 1,645 Million in 2022
• China is expected to be the most lucrative market during the estimated period.
• Owing to rising disposable income and economic development, carbonated soft drinks and non-alcoholic drinks are expected to witness substantial growth rates over the forecast period

Key Recommendations from Analysts

• Increased demand for ready-to-drink products will lead to increased demand during the projected period
• The market value for the year 2030 is estimated at USD 2,578 Million
• The Brazil food color industry is estimated to be the largest in Latin America and will continue to attract investors and producers in the near future
• As per our analysts, the global natural food colors market may boom in the coming years due to the rising awareness of the health benefits of natural food colors

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the natural food colors industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the natural food colors industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the natural food colors market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the natural food colors industry. The natural food colors market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the natural food color sector. Key strategic developments in the Natural Food Colors market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the natural food colors market are appropriately highlighted in the report.

A growing preference for natural products over artificial colorants is expected to trigger the market. The benefits of natural materials over dangerous artificial goods in the near future are expected to increase consumers ' awareness. The increased demand is expected to positively affect applications such as medicines, bakery, pastry, and dairy products, carotenoids, curcumin, and anthocyanin. This trend is expected to drive market growth during the forecast period.

The demand for natural food colors is anticipated to rise in the Asia Pacific region, especially in the populated countries of China and India. The main reason for this was the introduction of new products with natural ingredients. Carmine is Asia Pacific's favored Red-colored pigment, while beta-carotene and carotenoids are the preferred Orange-Yellow pigments. The demand will raise the choice of natural products over artificial dyes.

The natural food colors market research report delivers an acute evaluation and taxonomy of the natural food colors industry by practically splitting the market on the basis of different pigments, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2023 to FY 2030.

Report Scope

The regional segmentation of the natural food colors industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the natural food colors industry is provided for the leading economies of the world.

The natural food colors market is segmented based on pigment and application. On the basis of pigment segmentation, the market is classified into carotenoid, curcumin, paprika extract, spirulina extract, chlorophyll, carmine, and others. In terms of application segmentation, the market is bifurcated into dairy, beverages, packaged food, frozen food, bakery & confectionery, and others.

Some of the essential players operating in the natural food colors market include:

• Roha Dyechem Pvt. Ltd.
•  GNT International B.V.
•  Kalsec Inc.
•  D.D. Williamson & Co. Inc.
•  Archer Daniels Midland Company
•  Chr. Hansen A/S
•  Naturex S.A.
•  Adama Agricultural Solutions Ltd.
•  Symrise AG and Sensient Technologies Corporation

The taxonomy of the natural food colors industry by its scope and segmentation is as follows:

By PigmentSegmentation Analysis

• Carotenoid
• Curcumin
• Paprika Extract
• Spirulina Extract
• Chlorophyll
• Carmine
• Others

By Application Segmentation Analysis

• Dairy
• Beverages
• Packaged food
• Frozen food
• Bakery & confectionary
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa