Global Food Color Market: Rise of Bakery and Beverages Sector to Propel Market Growth, notes TMR

“Food Color Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2026,”the latest report by Transparency Market Research (TMR), sheds light on the market dynamics at play in the global food color market. Prevailing trends in the current market scenario, micro and macro-economic indicators, and mandates and regulations that monitor the market have all been studied in the research report. The research report provides extensive knowledge through a quantitative and qualitative assessment of the market.

Food colors are the synthetic or natural additives that are mixed with edibles or drinks to impart color. These food colors decide to an extent how the food will taste and the impact it will have on the customers. Food colors are mainly used to give an aesthetic appeal. The consumption limit for artificial colors is about 200 ppm, which works in favor of natural food colors such as chlorophyll, anthocyanin, and carotenoids. The report indicates that the concerns about synthetic food colors are on the rise. There has been a steady growth in the number of alliances among the prominent players in the natural food color sector. The companies are now focusing more on developing sustainable and innovative natural food colors to cater the needs of the customers who prefer natural additives instead of synthetic ones.

According to the report, the rising demand for food color in bakery and beverages sector is likely to be the primary driving factor. In addition to this, growing demand for flavored drinks, nutritional drinks, and fruit juices is also estimated to spur the market growth. In terms of commercial adoption, artificial food colors are popular due to the better stability of the additives under light, affordability, and minimal microbial contamination. There are very strict regulations from FDA for food color manufacturers, which include quality check after production of every batch and adding only prescribed amount of chemicals among others. Such strict rules may hamper the overall growth of the global food color market.

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Depending on the type of food color, the global food color market could be divided into natural, lakes and dyes, and synthetic food colors. On the basis of the form, the market is segmented into powder, gel, and liquid food color. With respect to application of food colors, the market is divided into beverage and bakery and confectionary sector. The key end users of food colors are commercial and domestic users.

In terms of geographical regions, the global food color market can be further segmented into North America, Asia Pacific excluding Japan (APEJ), Latin America, Eastern Europe, Western Europe, Middle East & Africa, and Japan. It is expected that the APEJ region will significantly contribute to the market development of food colors.

Some of the key players mentioned in the report are Sensient Technology Corporation, FMC Corporation, D.D. Williamson & Co. Inc., Fiorio Colori, Kalsec Inc., among others.