Colorants Market To Witness Phenomenal Growth by 2023 Colorants Market To Witness Phenomenal Growth | Page 4

Key Benefits
• Asia-Pacific was the leading region in the global colorants market in
2016, followed by Europe
• The pigment segment generated the highest revenue in 2016, and is
projected to grow at a CAGR of 7.2% during the forecast period
• The packaging segment dominated the global market accounting for
approximately one-third share in 2016
• The Asia-Pacific food colors market is anticipated to register the
highest CAGR of 7.2%, followed by LAMEA
• North America accounted for approximately one-fifth share in the
global market, and is expected to grow at a CAGR of 5.9%.