Sarasota, FL, Nov. 28, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Natural Food Color Market (Carotenoid, Anthocyanin, Caramel) For Confectionary, Beverages, Dairy & Frozen Products, Meat Products, Bakery: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021” . According to the report, the global natural food color market accounted for USD 1.31 Billion in 2015 and is expected to reach USD 1.77 Billion by 2021, growing at a CAGR of around 5.2% between 2016 and 2021.
Natural food colors are derived from a variety of sources such as fruits, vegetables, seeds, algae & insect, and mineral. It is a dye, pigment or any other substance that has the capability of coloring cosmetic, food drug or any part of human body. The cost to produce natural colors is comparatively high than that of synthetic color. Synthetic colors are sold at competitive prices that influence the consumer’s preference to purchase it. Synthetic colors provide the same hue as the natural colors. Colors are used to increase the appearance of food and make it attractive or preferable. This boosts the consumer’s preference towards a particular food product. While processing, the original color of the product turn out to lighten, thereby to restore the color, the food products are incorporated into natural, nature identical food or synthetic colors. Natural colors are extracted from animal and plant sources, whereas synthetic or artificial colors are synthesized from chemicals.
Browse through 31 Market Tables and 24 Figures spread over 115 Pages and in-depth TOC on “Global Natural Food Color Market: By Type, Application, Industry Size, Share, Segment, Analysis and Forecast 2015-2021”.
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The increase in demand for natural food colors in the international market is because of increasing awareness regarding the harmful effects of synthetic colors usage and the chemicals used in manufacturing them. Ban in trading of synthetic color made products and its manufacturing in selected international markets like Japan and all European countries boosted the demand for natural food color in the past decade. This trend is expected to continue within the forecast period. Nonetheless, encouragement for using natural food colors over synthetic food colors in novel products such as crayons and infant toys, organic textile printing, handmade paper etc. is expected to open growth avenues for the market in the coming years. Moreover, the high expenditures in the production of natural food color are one of the major restraining factors for the growth of the natural food color market.
Anthocyanins, caramel, carotenoids are different types of natural food colors frequently used. Natural food colors are extensively used in food industry such as beverages, confectionary, bakery, meat products, dairy & frozen products, and others. The global natural food color market is expected to grow as there is an increasing health consciousness among the consumers that demands nature derived ingredients and additives in food. Beverages section is expected to dominate the market among all of other applications in terms of value and volume.
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North America dominated the natural food colors market, followed by Europe in 2015. The major drivers which are leading the North American natural food colors market are the increase health concern and clean label foods. Increasing awareness regarding health among the population has a great impact on the natural food color market.
There has been an increase in the number of strategic alliances among all the natural food color players across the value chain in North America. A majority of the manufacturers are bestowing increasing focus on developing innovative and sustainable natural food colors solutions that are capable of catering to a wide range of food and beverages end user consumer base, particularly in the U.S. Across North America, retailers are focusing on products with natural ingredients. This is primarily credited to the shift in consumer preference from synthetic to natural ingredients, which has led to the rise in demand and development of clean label and stable ingredients.
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In Europe, the demand for natural food colors has been substantial. This trend is expected to continue within the forecast period. Natural Food Color Association is actively working in Europe which provides a rich source of international scientific and regulatory expertise on colors. It, therefore, acts as a booster to many natural color manufacturing industries to enhance their production.
Asia-Pacific is expected to be the fastest growing market, due to an increase in the processed food consumption by the population in this region. China and India are projected to register the highest growth in the Asia-Pacific natural food colors market. In Japan, since there are developments of new product formulations, which are more temperature compatible and stable in case of meat products, Japan is also expected to register promising growth. For instance, usage of yellow color for soft drinks, meat, pork and bakery items is gaining significantly increasing among end-use companies.
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Latin America is anticipated to grow rapidly due to increasing consumption of added colors increasing day by day. Adoption of natural food colors in the Middle East and Africa is moderately lower due to the limited availability of raw materials. In meat products, natural food colors find strong applications in these regions.
Some of the key companies operating in global natural food color market are Sensient Technologies Corporation, Chr. Hansen Holding A/S, Symrise AG, International Flavors & Fragrances Inc., Kerry Group Plc., Givaudan SA, Royal DSM N.V., Archer Daniels Midland Company, FMC Corporation and DD Williamson.
This report segments the global natural food color market as follows:
Global Natural Food Color Market: Type Segment Analysis
- Anthocyanin
- Carotenoid
- Caramel
Global Natural Food Color Market: Application Segment Analysis
- Confectionary
- Beverages
- Dairy & Frozen Products
- Meat Products
- Bakery
Global Natural Food Color Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East & Africa
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