The
global natural
food colours market was valued at US$ 1,219.5 Mn in 2015, and
is expected to grow by 6.8% to reach US$ 1,302.4 in 2016. North
America and Western Europe are the two largest markets for natural
food colours, collectively accounting for a revenue share of 60.1% in
2015. Increasing use of natural food colour by the food processing
industry is a key factor driving the growth of the market.
The
global natural food colours market is expected to witness an upsurge
owing to the introduction of new food products with natural
ingredients and colouring pigments. Furthermore, factors such as
technological advancements, growing demand for clean label products
and stringent regulations on synthetic colouring agents are
influencing manufacturers to incorporate more natural colourants in
their offerings. Additionally, rising awareness about the potential
health impact of artificial colours on human health and increasing
consumer health consciousness are likely to foster the demand for
natural food colours. Technological advancement to procure
sustainable solutions that find proper application in packaged
beverage, foods, bakery and other end-use industries is expected to
drive growth of the market in 2016 and beyond.
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Natural
food colouring manufacturers are scouring for cost-effective sources
to offer end-products at competitive prices. Confectionery products
is a lucrative segment on the basis of application, and is expected
to witness a healthy growth rate in 2016 owing to the arrival of new
product formulations that aid in creating cleaner and shelf-stable
confectionery products.
On
the basis of pigment type, the market is segmented into curcumin,
carotenoid, anthocyanin, spirulina extract, paprika extract, carmine,
chlorophyll and betalains. Carotenoid is further sub-segmented into
annatto, beta carotene, lycopene and lutein. Amongst the mentioned
pigment types, spirulina extract is anticipated to witness the
highest growth rate in 2016, with overall revenues growing by 11.0 %.
In
addition to North America and Western Europe, the natural food
colours market in Asia Pacific excluding Japan (APEJ) is expected to
witness robust growth in 2016. APEJ natural food colours market
revenues are anticipated to increase by 7.7% to reach US$ 321.2 Mn in
2016.
Key
natural food colour companies include Roha Dyechem Pvt. Ltd., Kalsec
Inc., Archer Daniels Midland Company, Naturex S.A., Symrise AG, GNT
International B.V., D.D. Williamson & Co., Inc., Chr. Hansen A/S,
Adama Agricultural Solutions Ltd. and Sensient Technologies
Corporation.
Long-term
Outlook: The global natural food colours market is expected to
increase at a CAGR of 5.4% during the forecast period 2016–2026 and
reach US$ 2,212.1 Mn in revenues.
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