Natural Food Colors Market size was growing at a CAGR of 6.04% over Natural Food Colors Market | Página 2

BlueWeaveConsulting
The Global Natural Food Colors Market size was estimated at USD 1.94 billion in
2018, growing at a CAGR of 6.04% over the forecast period. Food colors are dyes
or pigments used to enhance the taste and colors to give a precise appearance.
The growing need for convenience foods owing to the increasing consumer knowledge about
products with an exotic and traditional taste is anticipated to additional upholds the growth
of the market in the next few years. The global food colors market is primarily driven by the
increasing demand from the bakery & confectionery and the beverages industry.
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1992/#ReportSample
Liquid Form segment holds the largest market share of the food colors market in
terms of revenue during the forecast period
On the basis form, the natural food colors market is divided into Powder and Liquid form.
Liquid form is anticipated to be the largest product segment accounting for over 60% of the
total market revenue in 2018. The demand for natural color is increasing significantly due to
the growing awareness among consumers regarding health benefits. Natural colors are free
of Genetically Modified Organisms (GMO) and allergens. Growing awareness regarding the
harmful effects of artificial colors and the chemical utilized in the manufacturing of such
colors are substantially raising the demand for natural food colors in numerous end-use
industries. The market for powder form is projected to have growth rate of 6.85% over the
forecast period on account of growing product use by consumers across the developing
economies. Furthermore, the demand for natural colors, like green and blue, is estimated to
be driven primarily by their use in the beverage manufacturing industry.
Among applications, the Beverages segment is anticipated to dominate the natural
food color market during the forecast period
Based on application, the food color market is bifurcated into Beverages, Processed Food,
Dairy Products, Bakery & Confectionery Products, and Others. Beverages application leads
to the overall food color market over the forecast period. Increasing customer awareness
regarding the harmful effects of artificial additives has resulted in increasing demand for
naturally-colored products. Owing to the rising demand for ready-to-drink beverages,
increasing disposable income and economic development heightened demand for the
product. Additionally, the usage of these products allows vendors to meet strict regulatory
standards regarding allowable elements in consumables. As a result, demand in this
segment is anticipated to grow significantly over the forecast period.
Europe accounts for the largest market size in the global natural food color market
during the forecast period.
Geographically, the food colors market is analyzed across North America, Europe, Asia
Pacific, Middle East & Africa, and Latin America. Europe is the leading region and is expected
to have a market share of 30.33% by 2025. Owing to the increased awareness about safe
food color products among consumers, and the health benefits provided by natural food
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