Global Food Colors Market is valued USD 1.81 billion in 2016 is anticipated to grow USD 3.01 billion with the compounded annual growth of 5.82% over the forecast period 2018-2025.
New York 26 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Food Colors market industry is poised to raise USD 3.01 billion by 2025. The market growth is primarily attributed to the increase in global population which is anticipated to result in risen needs for food & beverage products. Food coloring, or color additive, maybe a pigment dye, or any substance that imparts color when added to any food or drinking product. They come in multiple forms namely: liquids, powders, gels, and pastes.
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Global Food Colors Market Size Study By Product (Synthetic, Natural, Natural Identical, and Caramel), By Application (Non-Dairy Food, Dairy, Alcoholic Beverages, and CSDs & Non Alcoholic Beverages), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include DSM, BASF, Danisco, Cargill, Sensient Technologies Corporation, Naturex, Sethness Products, Lycored Ltd, CHR Hansen, GNT Group, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- North America region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Yellow No. 6
- Yellow No. 5
- Red 40/Allura Red
- Beta Carotene
- Natural Identical
- Other Mixed Carotene
- Titanium Dioxide
- Non-Dairy Food
- Dairy Food
- CSDs & Non-Alcoholic Beverages
- Alcoholic Beverages
- North America
- Asia Pacific
- Latin America
- Rest of the World