Chemicals and Materials Global Colorants Market (2016-2024) | Page 6

Global Colorants Market Overview
Colorant Market refers to an additive that is added to the product to
change the color of the product. Pigments are dyes are the major
colorants which are frequently used in industries. These are mainly
used in food, cosmetics and personal care products. Addition of
colorants makes the food more attractive to the consumers. Natural
colorants are gaining traction among population owing to the rising
healthcare awareness.
Market Size and Forecast
Global colorants market is anticipated to flourish at a CAGR of 5.2%
over the forecast period. Further, the market of colorants is expected
to garner USD 66.3 Billion by the end of 2024 from USD 46.8 Billion
in 2016. Rising demand for colorants from the food & beverage,
clothing and cosmetics industry is envisioned to bolster the market of
colorants globally.
In the regional platform, Asia Pacific is expected to witness lucrative
growth during the forecast period. Further, the market of colorants in
this region is likely to get escalated by growth and expansion of
various end use industries in the region such as plastic, textile &
coatings and increasing demand for colorants from these industries.
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