“ Asia-pacific to be the fastest growing region from 2016 to 2022”
The market for food colors in the Asia-Pacific region is projected to grow at the highest CAGR. This can be attributed to the higher level of production in the countries such as Australia and New Zealand, the increase in demand for convenience food, growth in population, rise in disposable income, and progressive urbanization in the region. The region is mainly driven by the developed food industry in China, Japan, and Australia & New Zealand and increase in trade of food color products globally from these countries.
The breakdown of the primaries on the basis of company, designation, and region, conducted during the research study, is as follows: By Company type: Tier 1 – 40 %, Tier 2 – 40 %, and Tier 3 – 20 % By Designation: Director Level – 40 %, C Level – 20 %,, and Others – 40 % By Region: North America – 25 %, Europe – 50 %, and Asia-Pacific – 25 %,
Key players include:
• Archer Daniels Midland Company( U. S.)
• Chr. Hansen S / A( Denmark)
• Sensient Technology Corporation( U. S.)
• Koninklijke DSM N. V.( Netherlands)
• FMC Corporation( U. S.)
The above-mentioned companies have collectively accounted for the largest portion of the food colors market in 2015. Other players also have a strong presence in this market. These players are as follows:
• Naturex S. A.( France)
• D. D. Williamson & Co. Inc.( DDW)( U. S.)
• Döhler Group( Germany)
• Kalsec Inc.( U. S.)
• Fiorio Colori( Italy)
The key players in the food colors market adopted new product launches / developments & new technology launches as their key growth strategy to increase their market share and profits. This accounted for the highest percentage of the total developments, followed by expansions & investments.
Reasons to buy this report:
• Market Penetration: Comprehensive information on food colors offered by the top players in the global market
• Product Development / Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the food colors market