A
new research report on the global food colors market for been
announced by U.S. based market research firm Transparency Market
Research. According to the report, titled "Global Food Colors
Market - Global Industry Analysis, Size, Growth, Share and Forecast,
2011 - 2018", the market, which had a net worth of US$1,614.6
million in 2011, will observe modest growth at a CAGR of 4.3% between
the years 2012 and 2018.
This
will allow the market to reach US$2,153.5 million by the year
2018.Europe is expected to appear as the key regional segment for the
global
food colors market; it will acquire 32.6% of the overall
revenue generated by the market by the year 2018. Asia Pacific market
will be a tough competition to Europe’s market.
Food
colors are an important part of the food additives market. Food
colors are often used in foods and beverages to impart them a desired
shade of color and improve their visual perception. The report
anticipates that over 49.6 kilo tons of food colors were used in the
global market in 2012. Consumption-wise, the market is expected to
rise at a CAGR of 3.8% over the report’s forecast.The report
presents a holistic view of the current state of food colors market
and presents a plausible forecast that is backed by a thorough study
of every important vertical of the market. The report states that
trends such as health issues concerned with the use of synthetic
colors and an obvious shift of consumer preference towards natural
products are the key driving forces for global food colors market.
Looking at the consumer shift towards natural products, food and
beverages manufacturers are weighing on the increased use of natural
food colors in their products.
Of
the chief end-use industries, the food industry accounts for a major
share of the global food colors market. In 2011, the use of food
colors in the food industry accounted for a nearly one-third portion
of the overall volume of food colors produced by the global food
colors market.Of the various types of food colors covered by the
report: synthetic colors, natural colors, coloring foodstuffs, and
natural identical colors, the market for natural food colors is
expected to surpass market for other product types, especially that
for synthetic food colors.
The
global food colors market is also benefitting from an increased
consumption of frozen and processed food, especially in developing
regions of Asia Pacific and Latin America, and novel uses in
confectionaries, beers, and baked foods. Although the market has been
dominated by synthetic colors, rising global demand for natural
ingredients such as lutein, beta carotene, curcumin, and lycopene, is
expected to turn out as the dominating trend in the market for the
coming few years.
The
report presents a detailed financial profile of the key businesses
operating in the global food color market. Some of these companies
include DD Williamson, Roha Dyechem, Sensient Technologies
Corporation, San-Ei Gen F.F.I. Inc, Sethness Products, Chr. Hansen,
WILD, DSM, Naturex, Fiorio Colori, Phytone, LycoRed, and GNT Group.
