Food & Beverages Color Fixing Agents Market - Global Industry Analysis

Food & Beverages Color Fixing Agents Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Food & Beverage Report Format : PDF Report Code: ZMR-6752 Status : Upcoming

Description

Global Food & Beverages Color Fixing Agents Market: Overview

The food & beverages color fixing agents are extensively used in beverages manufacturing industries mainly for alcoholic and non-alcoholic drinks to enhance the product's antibacterial and antioxidant properties. Similarly, the use of color fixing agents has also increased in the food sector where it is majorly used to provide a sour taste in finished food items. These food & beverages color fixing agents are added to food and beverage products to replace color lost during processing, to improve its sensory characteristic, and stimulate the consumer acuities of the food's quality and flavor.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Food & Beverages Color Fixing Agents Market: Growth Factors

The global food & beverages color fixing agents market is growing at an exponential rate owing to the rapidly expanding food & beverages industry in developed as well as developing countries. This is attributed to change in consumers eating habits, especially millennials, and a rise in disposable income. Further, the food & beverages color fixing agents are most prominently used in meat, beverages, and other food products. To protect the food from losing natural color, flavors & vital vitamins when exposed to unsuitable storage conditions as well as moisture, extreme temperature, air, and light, color fixing agents are been used. In addition to this, it also makes food look appetizing and appealing. All such factors have increased demand for food & beverage color fixing agents. Additionally, growing demand for poultry, fish, and meat has led to a rise in demand for sodium nitrite thereby adding up to the growth of the global food & beverages color fixing agents market. However, high costs related to the manufacturing of the product and strict rules of the regulatory bodies on the use of color fixing agents for food & beverages may hinder the growth of the global market. On the other hand, the growing use of color fixing agents in the manufacturing of beverages including alcoholic & non-alcoholic drinks may generate opportunities for the growth of the global food & beverages color fixing agents market over the forecast period.

The global food & beverages color fixing agents market has been severely impacted by COVID-19 pandemic conditions. This is mainly due to a halt in the manufacturing process in the food and beverage industry. The demand for color fixing agents impedes as many foods and beverage manufacturing companies reduced or temporarily shut down the production activities due to unavailability of the workforce, raw materials, and transportation issues. Besides, restrictions on international trade also hindered the supply of color fixing agents in the global market. However, with the ease in restrictions the food and beverage sector around the world has started their production activities at a rapid pace which in turn is expected to increase the demand for F&B color fixing agents over the projected period

Global Food & Beverages Color Fixing Agents Market: Segmentation

The global food & beverages color fixing agents market is categorized based on product, application, and region. Based on the product, the global food & beverages color fixing agent market is bifurcated into potassium nitrate, potassium nitrite, sodium nitrate, sodium nitrite, and others. The food & beverages color fixing agents has applications in dairy, bakery, poultry & fish, meat, and beverages.

Global Food & Beverages Color Fixing Agents Market: Regional Analysis

Asia Pacific is expected to remain the largest revenue contributor in the global food & beverages color fixing agents market. Key factors that are spurring the growth of the market in the region include the presence of a large number food & beverage industry, large consumer base, and increasing demand for quality food & beverages owing to an increase in disposable incomes. F&B industry in the Asia Pacific region is the largest in the world also, the region is the largest raw material and food chemical manufacturers in the global market. In addition to this, the region is expected to witness heavy overseas investments in the food and beverage sector during the forecast period. The market in Asia Pacific is expected to remain concentrated in China, whereas, India is projected to register rapid growth during the forecast period. Europe is anticipated to remain on the second spot in the global food & beverages color fixing agents market owing to increasing demand for color fixing agents in well-established food and beverage sector. North America is also projected to generate healthy revenue, where the major share of the revenue is expected to come from the US market.

Global Food & Beverages Color Fixing Agents Market: Competitive Players

In emerging economies, key players are primarily focusing on expansion of business and product portfolio. Some of the major players that are operating in the global food & beverages color fixing agents market are Airedale Chemicals, Yara International, Sonac, AkzoNobel NV, American Elements, Aldon Corporation, Merck KGaA, Mitsubishi Chemical Corporation, Spectrum Chemicals, and Old Bridge Chemicals.

Global Food & Beverages Color Fixing Agents Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • 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

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global food & beverages color fixing agents market is growing at an exponential rate owing to the rapidly expanding food & beverages industry in developed as well as developing countries. This is attributed to change in consumers eating habits, especially millennials, and a rise in disposable income. Additionally, growing demand for poultry, fish, and meat has led to a rise in demand for sodium nitrite thereby adding up to the growth of the global market.

Some of the major players that are operating in the global food & beverages color fixing agents market are Airedale Chemicals, Yara International, Sonac, AkzoNobel NV, American Elements, Aldon Corporation, Merck KGaA, Mitsubishi Chemical Corporation, Spectrum Chemicals, and Old Bridge Chemicals.

Asia Pacific is expected to remain the largest revenue contributor in the global food & beverages color fixing agents market. Key factors that are spurring the growth of the market in the region include the presence of a large number food and beverage industry, large consumer base, and increasing demand for quality food & beverages owing to an increase in disposable incomes.

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