The global Natural Food Color Market accounted for USD 2.3 Billion in 2020 and is expected to reach USD 3.0 Billion by 2028, growing at a CAGR of 3.1% from 2021 to 2028.
Market Overview
The global Natural Food Color Market accounted for USD 2.3 Billion in 2020 and is expected to reach USD 3.0 Billion by 2028, growing at a CAGR of 3.1% from 2021 to 2028.
The rise in demand for natural food colors within the global market is owing to rising awareness associated with the damaging effects of synthetic colors employment and the chemicals utilized in making them. Prohibition in trading of synthetic color-made goods and its predication in selected global markets like all European nations and Japan elevated the need for a natural coloring market within the last decade. This trend is probably going to hold on within the years to return boosting the natural coloring market.
Nevertheless, encouragement for employing natural food colors rather than synthetic food colors in novel items like infant toys and crayons, handmade paper, and organic textile printing is probably going to unlock growth opportunities for the natural coloring market within the years to return. Additionally to the present, the high cost within the making of natural coloring is one of the main limiting factors for the event of the natural coloring market.
COVID-19 Impact Analysis:
The global Natural Food Color Market has witnessed a decrease in the sales for overall food and beverages products due to the lockdown enforcement placed by governments to contain COVID spreading. People had no option but to remain indoors, so the consumption of products had decreased drastically. The restrictions imposed by various nations to contain COVID had stopped the production resulting in disruption across the whole supply chain. However, the world markets are slowly opening to their full potential, and theirs a surge in demand for natural food color.
Growth Factors
The industry is predicted to exhibit substantial growth on account of rising demand for the products by the alcoholic and non-alcoholic beverages manufacturing industries. Additionally, increasing demand for food colors obtained from non-synthetic sources including rising consumer awareness in the Asia Pacific and North America is predicted to bolster the demand over the forecast period. In addition, stringent regulations concerning the utilization of synthetic and identical colors are likely to emerge because of the major driver for industry growth.
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. |
Segment Analysis Preview
The Natural Food Color Market is segmented based on types and applications where the type segments include anthocyanin, carotenoid, and caramel. Key application segments covered under this study include dairy food products, beverages, packaged food/frozen food products, confectionery, and bakery products. Carotenoids accounted for over 32% of the market revenue on account of superior usage properties such as protection against chronic diseases, anti-oxidation, and cellular damage. In addition, the growing demand for carotenoids in frozen products, non-alcoholic beverages, and bakery is expected to aid market growth globally. Various activities carried out by market players is also expected to boost the development of natural food color market. For example, in November 2017, Chr. Hansen expanded its series of coloring foodstuff, assisting the food & beverage makers and boosting the natural food color market.
Regional Analysis Preview
Regionally, North America ruled the regional natural coloring market in 2018 due to the most important number of health-related user bases within the area paired with the need for clean & healthy label food items. The Asia Pacific is probably going to be the quickest developing division for the natural coloring market within the years to return thanks to the rising demand for natural color for ready-to-eat food items in China and India. the center East and Latin America are likely to develop rapidly within the natural coloring market shortly.
Key Market Players & Competitive Landscape
Some of the key players in the 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, and FMC Corporation, DD Williamson.
The global natural food color market is segmented as follows:
By Type
By Application
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Natural Food Color Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 7. Global Natural Food Color Market for Anthocyanin, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Natural Food Color Market for Anthocyanin, By Country, 2020 & 2028
FIG NO. 9. Global Natural Food Color Market for Carotenoid, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Natural Food Color Market for Carotenoid, By Country, 2020 & 2028
FIG NO. 9. Global Natural Food Color Market for Caramel, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Natural Food Color Market for Caramel, By Country, 2020 & 2028
FIG NO. 11. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 12. Global Natural Food Color Market for Dairy food products, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Natural Food Color Market for Dairy food products, By Country, 2020 & 2028
FIG NO. 14. Global Natural Food Color Market for Beverages, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Natural Food Color Market for Beverages, By Country, 2020 & 2028
FIG NO. 16. Global Natural Food Color Market for Dairy & Frozen products, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Natural Food Color Market for dairy & Frozen products, By Country, 2020 & 2028
FIG NO. 18. Global Natural Food Color Market for meat products, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Natural Food Color Market for meat products, By Country, 2020 & 2028
FIG NO. 20. Global Natural Food Color Market for bakery, Revenue (USD Billion) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Natural Food Color Market for bakery, By Country, 2020 & 2028
FIG NO. 22. Global Natural Food Color Market Revenue Share, By Region, 2020 & 2028
FIG NO. 23. North America Natural Food Color Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 24. Porter’s Five Forces Analysis for Global Natural Food Color Market
FIG NO. 25. PEST Analysis for Global Natural Food Color Market
FIG NO. 26. Pricing Analysis for Global Natural Food Color Market
FIG NO. 27. Value Chain Analysis for Global Natural Food Color Market
FIG NO. 28. Company Share Analysis, 2019
FIG NO. 29. Radar Determinant Chart, 2019
FIG NO. 30. Company Strategic Developments – Heat Map Analysis
FIG NO. 31. Business Segment Revenue Share, 2020 (%)
FIG NO. 32. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 33. Market Channels
FIG NO. 34. Marketing Channel Development Trend
FIG NO. 35. Growth in World Gross Product, 2008-2018
FIG NO. 36. Research Methodology – Detailed View
FIG NO. 37. Research Methodology
List of Tables
TABLE NO. 1. Global Natural Food Color Market: Snapshot
TABLE NO. 2. Quarterly Natural Food Color Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Natural Food Color Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Natural Food Color Market for Anthocyanin, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Natural Food Color Market for Carotenoid, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Natural Food Color Market for Caramel, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Natural Food Color Market for Dairy food products, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10 Global Natural Food Color Market for Beverages, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Natural Food Color Market for Dairy & frozen products, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Natural Food Color Market for meat products, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Natural Food Color Market for bakery, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14 Global Natural Food Color Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. North America Natural Food Color Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 16. North America Natural Food Color Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 17. North America Natural Food Color Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 18. U.S. Natural Food Color Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 19. U.S. Natural Food Color Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 20. Canada Natural Food Color Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 21. Canada Natural Food Color Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 22. Mexico Natural Food Color Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 23. Mexico Natural Food Color Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 24. Drivers for the Natural Food Color Market: Impact Analysis
TABLE NO. 25. Restraints for the Natural Food Color Market: Impact Analysis
TABLE NO. 26. Major Buyers
TABLE NO. 27. Distributors/Traders List
TABLE NO. 28. Global Natural Food Color Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 29: Global Natural Food Color Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
This report is based on in-depth qualitative and quantitative analyses of the global Natural Food Color market. Zion Research has collected and analyzed key data belong to the global Natural Food Color market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Natural Food Color across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Natural Food Color industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Natural Food Color market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Natural food color is commonly known as any pigment, dye or other substance obtained from animal, mineral, fruits, vegetable, or algae & insect, capable of coloring cosmetic, food drug or any part of human body. Colors are used to improve an appearance of food and make it preferable or eye-catching. This increases the consumers’ preference towards a particular food product. While processing the original color of the product fades, thereby to restore the color, the food product is included with nature identical, natural or synthetic food colors. Natural colors are withdrawn from plant and animal sources, whereas synthetic or artificial colors are synthesized from chemicals.
Increasing awareness regarding the harmful effects of usage of synthetic colors is one of the boosters which are increasing the demand for natural food colors in the international market. Restrictions on trading of synthetic color made products and its manufacturing in selected international markets like Japan and all European countries are expected to hamper the growth of the market in the near future. Encouragement for using natural food colors in novel products like crayons and infant toys, handmade paper, organic textile printing, etc. is increasing day by day. This, in turn, is expected to bring opportunities for the natural food color market in the coming market. The expenditure to manufacture synthetic color is moderately low than that of natural colors and are sold at competitive prices that influence the consumer's preference to purchase synthetic colors. Synthetic colors offer the same hue as the natural colors the only difference is in the source. This advantage in minimum production cost of synthetic color is stated as a big retraining factor in natural food color.
Natural food colors include as the carotenoid, anthocyanin, and caramel. Natural food colors are broadly used in various applications such as confectionery, beverages, dairy & frozen products, meat products, bakery and others. The global market growth for food color is tending towards natural colors, as there is an increase in the health awareness consumer base that demands nature derived additives and ingredients in food.
Beverages segment is predicted to dominate the market among all other applications in terms of both value and volume. Natural food colors find strong applications in meat products. This is carried by the development of new product formulations, which are more temperature compatible and stable in case of meat products. For instance, usage of yellow color for soft drinks, pork, meat and bakery items is gaining prominence among end-use companies in Japan. Apart from above mentioned applications, the ‘gardenia yellow’ color is used in rice cakes, noodles and other food and beverages products.
Due to demand for healthy and clean label food products coupled with the largest number of health concerned consumer base, North America is the dominating regional market among all the regions. Asia-Pacific is expected to become the fastest growing regional segment for the natural food color market within the forecast period.
Some of the main companies operating in global baby food 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, and FMC Corporation, DD Williamson.
Request the coronavirus impact analysis across industries and markets
The global Natural Food Color Market was valued at USD 1.69 billion in 2020.
The global Natural Food Color Market is expected to reach USD 2.31 billion by 2028, growing at a CAGR of 3.9% between 2021 to 2028.
The growing demand for clean label products among consumers is expected to drive the market.
North America in 2020 ruled the Natural Food Color Market and was believed to be the highest income-generating area all over the globe.
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