REDDING,
Calif., May 2, 2024 /PRNewswire/ -- According to a
new market research report titled, 'Natural Food Colors
Market by Type (Carotenoids {Beta Carotene, Lycopene},
Anthocyanins, Betanin, Carmine), Source (Plants, Animal), Form
(Liquid), Solubility (Water, Oil), Application (Processed Food
Products, Beverages}, and Geography–Forecast to 2031',
published by Meticulous Research®, the global
natural food colors market is projected to reach $3.74
billion by 2031, at a CAGR of 6.8% from 2024 to 2031. In
terms of volume, the global natural food colors market is projected
to reach 194,987.6 tons by 2031, at a CAGR of
5.3% during the forecast period of 2024–2031.
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Natural food colors are derived from fruits, vegetables,
minerals, spices, animals, and microorganisms for coloring food and
beverage applications. However, there is no formal definition for
"natural colors" from the food authorities, the Food and Drug
Administration (FDA) in the U.S., or the European Food Safety
Authority (EFSA) in Europe.
According to the Natural Food Colours Association (NATCOL), natural
food colors originate from a wide range of sources like vegetables,
fruits, plants, minerals, and other edible natural sources. They
offer a wide spectrum of colors and impart color when added to food
or drink. There are different types of colors, like carotenoids,
lutein, anthocyanins, chlorophyll, curcumin, carmine, phycocyanin,
and betanin, among others.
The growing demand for organic foods, increasing awareness of
clean-label products, the growing need to enhance product appeal,
increasing R&D activities in the food industry, and the
emergence of microencapsulation technology for food colors are
some of the factors driving the growth of this market. However, the
high prices of natural colors and stringent regulations on the use
of food colors are expected to restrain the growth of the natural
food colors market. Moreover, the increasing interest in new
raw material sources, the growing demand for plant-based food, and
emerging economies are expected to provide significant
opportunities for stakeholders operating in the global natural food
colors market.
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Key Players:
The key players operating in the global natural food colors
market are Oterra A/S (Denmark),
Givaudan SA (Switzerland),
Sensient Technologies Corporation (U.S.), Archer-Daniels-Midland
Company (U.S.), DSM-Firmenich AG (Switzerland), BASF SE (Germany), Lycored, Ltd (A Part of ADAMA
Agricultural Solutions Ltd.) (Israel), Döhler Group (Germany), GNT Group B.V. (Netherlands), San-Ei Gen F.F.I., Inc.
(Japan), Kalsec, Inc. (U.S.),
Innovation Colour Technology S.L. (Spain), IFC Solutions (U.S.), Mane Kancor
Ingredients Private Limited (India), and Kolorjet Chemicals Pvt Ltd.
(India).
The global natural food colors market study presents historical
market data (2022 and 2023), estimated current data (2024), and
forecasts for 2031—by type (carotenoids {beta carotene, annatto,
lutein, lycopene, canthaxanthin, astaxanthin, and other
carotenoids}, anthocyanins, caramel, chlorophyll, curcumin,
betanin, carmine, phycocyanin, and other natural food colors),
source (plants, minerals, microorganisms, and animals), form
(liquid, powder, and other forms), solubility (water-soluble and
oil-soluble), application (processed food products {bakery and
confectionery, dairy, meat, poultry, and seafood, snacks and
cereals, oils and fats, and other processed food products} and
beverages {non-alcoholic beverages [carbonated soft drinks, juice
and juice concentrates, dairy & dairy alternatives, and other
non-alcoholic beverages] and alcoholic beverages}, and geography
(North America, Europe, Latin
America, Asia-Pacific, and
the Middle East & Africa). The study also evaluates industry
competitors and analyzes the market at the regional and country
levels.
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Key Findings in the Natural Food Colors Market Study:
Among all the types covered in this report, the carotenoids
segment is expected to account for the largest share of the global
natural food colors market in 2024. The carotenoids market is
estimated to be worth USD 960
million in 2024. However, the phycocyanin segment
is expected to witness the highest CAGR of 12.3% during the
forecast period of 2024–2031. This growth is primarily fueled by
escalating health and wellness trends, consumer inclination towards
natural ingredients over synthetic colors, and rising demand for
natural blue hues in beverages and confectionery products.
Moreover, food and beverage manufacturers are increasingly turning
to spirulina-derived food colors, such as phycocyanin, in response
to rising safety concerns associated with synthetic additives. This
shift towards natural alternatives is expected to further drive the
growth of the phycocyanin segment in the global natural food colors
market during the forecast period.
Among all the sources studied in this report, the plants segment
is expected to account for the largest share of 76% of the
global natural food colors market in 2024. This segment's large
market share can be attributed to the high demand for plant-based
food coloring, which is perceived as a healthier and more natural
alternative to synthetic food colors. Moreover, the growing
consumer inclination towards clean-label products further propels
the demand for plant-based food colors.
Among all the forms studied in this report, the liquid segment
is projected to register the highest CAGR during the forecast
period of 2024–2031. This growth is primarily attributed to the
increasing adoption of liquid forms of natural food colors due to
their high microbial stability properties, convenience in
application, and affordability. Furthermore, liquid food coloring
enhances viscosity, mouthfeel, product stability, texture, shelf
life, taste, and visual appeal of the product, making it a
preferred choice for food and beverage manufacturers.
Among all the solubilities studied in this report, the
water-soluble segment is expected to account for the larger share
of the global natural food colors market in 2024. The growth of
this segment is mainly attributed to the rising demand for
water-soluble food coloring in food and beverage products, driven
by its advantages, such as high color concentration and stability
when dissolved in water. Moreover, this segment is further
projected to register a higher CAGR during the forecast period of
2024–2031 due to the growing plant-based food & beverage
products demand and innovation in natural colorant technology.
Among all the applications studied in this report, the beverages
segment is expected to register the highest CAGR of
7.9% during the forecast period of 2024–2031. This
growth can be attributed to the escalating popularity of
clean-label ingredients within the functional and wellness
beverages market, which drives the demand for natural food colors
among beverage manufacturers. The rise in demand for functional
beverages offering additional health benefits aligns with the use
of natural colors that enhance both visual appeal and perceived
health benefits.
Geographically, Europe is
expected to account for the largest share of the global natural
food colors market in 2024. The Europe natural food colors market is projected
to reach around USD 1,150
million by 2031. Europe's significant market share can be
attributed to the increasing demand for clean-label and organic
products as well as stringent regulations on synthetic food colors.
Additionally, the presence of key market players and growing
investments in research and development activities contribute to
the growth of the natural food colors market in Europe. Moreover, a strong emphasis on
sustainability and health-conscious food preferences and the trend
toward plant-based and vegan diets are expected to create
opportunities for players operating in this market during the
forecast period of 2024–2031.
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Scope of the Report:
Natural Food Colors Market Assessment—by Type
- Carotenoids
- Beta Carotene
- Annatto
- Lutein
- Lycopene
- Canthaxanthin
- Astaxanthin
- Other Carotenoids
- Anthocyanins
- Caramel
- Chlorophyll
- Curcumin
- Betanin
- Carmine
- Phycocyanin
- Other Natural Food Colors
Natural Food Colors Market Assessment—by Source
- Plants
- Minerals
- Microorganisms
- Animals
Natural Food Colors Market Assessment—by Form
- Liquid
- Powder
- Other Forms
Natural Food Colors Market Assessment—by Solubility
- Water-soluble
- Oil-soluble
Natural Food Colors Market Assessment—by Application
- Processed Food Products
- Bakery and Confectionery
- Meat, Poultry, and Seafood
- Dairy
- Snacks and Cereals
- Oils and Fats
- Other Processed Food Products
- Beverages
- Non-alcoholic Beverages
- Carbonated Soft Drinks
- Juice & Juice Concentrates
- Dairy & Dairy Alternative Beverages
- Other Non-alcoholic Beverages
- Alcoholic Beverages
Natural Food Colors Market Assessment—by Geography
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- North America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
Related Reports:
Carotenoids Market by Type (Astaxanthin, Beta-carotene, Lutein,
Lycopene, Zeaxanthin), Form (Beadlets, Liquid), Source (Synthetic,
Natural), Application (Feed, Food & Beverages, Dietary
Supplements, Cosmetics, Pharmaceuticals) - Global Forecast to
2030
Natural Carotenoids Market by Type (Astaxanthin, Beta-carotene,
Lutein, Lycopene), Form (Beadlets, Powder, Gel), Source
(Microorganisms, Algae), Application (Feed, Food & Beverage,
Dietary Supplements, Cosmetics) - Global Forecasts to 2028
Organic Food Market by Type (Fruits, Vegetables, Grains,
Beverages, Bakery), Distribution Channel (Supermarket,
Hypermarkets, E-commerce), Process (Un-processed, processed,
Ultra-processed), Packaging Type (Fresh, Frozen) - Global Forecast
to 2030
Plant-based Food Market by Type (Dairy Alternatives, Plant-based
Meat, Meals, Confectionery, Beverages, Egg Substitutes, Seafood),
Source (Soy, Wheat, Pea, Rice), Distribution Channel (B2B, B2C
[Convenience Store, Online Retail])—Global Forecast to 2029
Algal Pigments Market by Type (Beta-Carotene, Astaxanthin,
Phycocyanin, Phycoerythrin, Chlorophyll), Form (Powder), Source
(Microalgae, Macroalgae), Application (Food & Beverages,
Aquaculture, Nutraceuticals, Pharmaceuticals, Cosmetics) - Global
Forecast to 2030
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