Food Colors Market Size, Manufacturers and Forecast Research to 2019-2026
The global food colors market size is predicted to reach USD 4,772.58 million by 2026, exhibiting a CAGR of 8.19% during the forecast period. The growing demand for processed food products and carbonated beverages will boost the food colors market trends during the forecast period. The rising shift towards all-natural and chemical-free products will bolster the healthy growth of the market in the forthcoming years. In addition, the increasing awareness regarding the benefits of plant-derived food ingredients will accelerate the food colors market revenue in the forthcoming years.
According to the published report by Fortune Business Insights, titled “Food Colors Market Size, Share & Industry Analysis, By Type (Natural, Synthetic, Naturally-identical, Caramel, and Others), Source (Plant and Animal, Chemicals, and Others), Application (Processed Foods and Beverages), and Regional Forecast, 2019 – 2026” the market size stood at USD 2,552.41 million in 2018.The food colors market report is fixed at delivering a comprehensive description of the market dynamics and structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence. It offers PORTER’s analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases what procedures and strategies; companies are currently implementing in the food colors market. It further examines the ways and components convincing expansion, growth patterns, restricting factors, and market strategies.
High Consumption of Packaged Food to Promote Growth in North America
North America generated a revenue of USD 667.77 million in 2018 and is predicted to witness high growth during the forecast period owing to the growing demand for natural food colors among manufacturers. The rising number of bans on synthetic colors for ecological and toxicological reasons will positively contribute to the growth of the market in North America. The increasing westernization and commercialization will bolster healthy growth of the market in the region. The rising demand for carbonated drinks will fuel demand for natural and synthetic colors, which, in turn, will augur well for the market. The growing consumption of ready-to-eat snacks will create opportunities for the market in Asia Pacific in the forthcoming years. The surge in working population along with rising disposable income will stimulate growth in the countries of Asia Pacific.
Information source: https://www.fortunebusinessinsights.com/food-colors-market-102644