11-Feb-2022 | Zion Market Research
As per study of Zion Market Research, Food & Beverages Color Fixing Agents industry garnered revenue worth nearly US$ 2.97 billion in 2021 and is anticipated to gain returns about US$ 5.27 billion by 2028. Additionally, Food & Beverages Color Fixing Agents market is prognosis to record CAGR of almost 5.3% in 2022-2028. Furthermore, expansion of food & beverages color fixing agents market over assessment period is subject to drastically altering habits of millennial population and rise in purchasing capacity of customers. In addition to this, rise in use of product in meat and beverages will steer business landscape. Need of product for enhancing visual appeal of food as well as appetite for it has enhanced product penetration in food processing sector. Apart from this, large-scale application of product in alcohol & non-alcoholic beverages will drive business trends. However, strict laws pertaining to use of color fixing agents in food & beverages can put brakes on growth of food & beverages color fixing agents industry.
Meat Segment To Lead Application Landscape In Forecast Timeline
Growth of meat segment over 2022-2028 is subject to increase in meat production and intake in last few years. Apart from this, surge in meat intake in countries such as India and China will enhance use of food & beverages color fixing agents in meat producing sector in forthcoming years.
Sodium Nitrite Food & Beverages Color Fixing Agents Market To Register CAGR Of nearly 5% Over 2022-2028
Rapid expansion of product segment in ensuing years can be credited to rise in product use in curing of foods such as hot dogs, bacon, and ham owing to its anti-oxidizing features. Additionally, humungous use of sodium nitrite in fish & poultry sector will multiply expansion of food & beverages color fixing agents industry.
North American Food & Beverages Color Fixing Agents Industry To Expand Exponentially In 2022-2028
Swift progression of regional market over anticipated timeline is due to thriving bakery and poultry sectors in countries such as the U.S. and Canada. In addition to this, presence of key industry participants in sub-continent will contribute lucratively towards regional market size. Flourishing fish market in sub-continent will add towards extension of market revenue in North America.
Some of key participants have majorly influenced elevation of food & beverages color fixing agents market and will continue to do so in near future. They are Merck KGaA, Sonac USA LLC, Aldon Corporation, American Elements, Airedale Chemicals, Mitsubishi Chemical Corporation, Spectrum Chemicals, Yara International ASA, Akzo Nobel NV, and Old Bridge Chemicals.
Browse the full “Food & Beverages Color Fixing Agents Market- By Application (Dairy, Bakery, Poultry & Fish, Beverages, And Meat) And By Product (Potassium Nitrate, Potassium Nitrite, Sodium Nitrate, And Sodium Nitrite): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028.” Report at https://www.zionmarketresearch.com/report/food-beverages-color-fixing-agents-market
The global Food & Beverages Color Fixing Agents Market is segmented as follows:
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