Global Food Colorants Market has witnessed continued growth over the last few years and is projected to grow by USD 1,805.6 Million from 2018 to 2025 at a CAGR of 5.4%. Food colorants are natural or synthetic additives used to impart the desired color to food products and beverages. Manufacturers of Food Colorants Market Analysis are focusing on organic and natural colorants to exploit the growth opportunities generated by the changing consumer preference to natural and organic products.
However, the use of artificial food colors has become controversial over the last few years and detailed research has been conducted showing the potential hazards of consuming synthetic colors. This has resulted in the introduction of stringent regulations on the use of these colors in the food processing industry. In the US, colors being used in the food industry need to be certified by the Food and Drug Administration (FDA) under the Federal Food, Drug, and Cosmetic Act.
Based on type, the global food colorants market has been segmented into natural and synthetic. The natural segment is projected to register the highest CAGR of 5.8% during the forecast period. The demand for natural food colorants has been increasing owing to the rising demand for clean-label products. The clean-label trend has evolved beyond ingredients to include food that is prepared using natural food additives. The increasing consumer awareness of health and wellness and demand for natural food colorants over synthetic counterparts are fueling the growth of the segment.
Market Research Future recognizes Chr. Hansen Holding A/S (Denmark), Archer Daniels Midland Company (US), Sensient Technologies Corporation (US), DDW The Color House (US), Döhler Group (Germany), Kalsec Inc. (US), Frutarom Industries Ltd (Israel), DSM (Netherlands), Naturex (France), and Kevin India Co (India) as the Key Players active in the Global Food Colorants Market.
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Geographically, the global food colorants market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, Europe dominated the market, accounting for the largest share of nearly 35% in 2018 and register a CAGR of 5.0% during the forecast period. Germany, France, and the UK are the key countries that are contributing to the market growth of the region. The high demand for food colorants in Europe can be attributed to the increasing consumption of bakery & confectionery products over the last few years.
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