The Natural Food Colors Market is projected to reach USD 2.76 billion in 2027. The product demand in the coming years is expected to fuel increased concern about the health risks associated with synthetic and natural similar colors.
Due to the increasing product penetration in major application industries like beverages and bakery and confectionaries, the market is expected to expand. Therefore, the industry is expected to benefit from the strict rules for synthetic colors which lead to increased replacement.
A major deterrent for market growth is expected to be a high reliance on raw materials like fruits, vegetables and spices and substantial price volatility of the aforementioned goods. Nonetheless, increased investment in research and development is expected to drive demand over the forecast period for improved production output.
The industry is marked by the presence of a large number of high volume manufacturers, most of whom are integrated into the value chain throughout the entire production process. Therefore, the companies engage in the distribution of the goods mainly by direct distribution as well as through third parties in an effort to increase the market reach of these firms.
Due to a growing appetite for alternative non-synthetic products to prepare pastries, muffins and cupcakes, appetite for the drug is expected to rise significantly in the bakery market. The use of natural colors in frosting and icing will also lead to global market development.
During the forecast era, the Asia-Pacific region will rise to the highest CAGR. The region’s rapid growth is mainly due to the growing consumer preference for natural components, increased consumer awareness about the adverse impact of synthetic dyes, combined with the increasing consumer expenditure capacity, and strong growth in Food & Beverage. The government is also expected to enhance the rising natural food color market in the region by increasing regulations on the restricted use.
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The COVID-19 impact:
The pandemic COVID-19 does not affect business profitability. Key market leaders are unsure of the prospects of the industry and are finding solutions to this issue. Most hospitals have impacted their pandemic and other programs greatly. In different parts of the world, there’s no money to stop rising lockouts. Concerning COVID-19, domestic product, export and import demand dropped significantly. In order to build cash reserves, the largest companies in the world prefer to reduce their budgets. Real productivity rates would eventually lead to new ways in which employees and businesses meet their demands at much lower costs.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data has segmented into the Natural Food Colors Market on the basis of Product, Application, and Region:
Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
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Table Of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Indicative Metrics Chapter 4. Natural Food Colors Market Segmentation & Impact Analysis 4.1. Natural Food Colors Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Increasing bakery & confectionary product demand 4.2.2.2. Increasing demand for natural colors 4.2.2.3. Increasing consumer awareness for clean-label products 4.2.3. Market restraints analysis 4.2.3.1. Stringent food safety regulations 4.2.3.2. Health hazards of synthetic colorants 4.2.3.3. Lack of skilled labor during COVID-19
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Chapter 8. Competitive Landscape 8.1. Market Revenue Share By Manufacturers 8.2. Manufacturing Cost Breakdown Analysis 8.3. Mergers & Acquisitions 8.4. Market positioning 8.5. Strategy Benchmarking 8.6. Vendor Landscape
Chapter 9. Company Profiles 9.1. Koninklijke DSM N.V. 9.1.1. Company Overview 9.1.2. Financial Performance 9.1.3. Technology Insights 9.1.4. Strategic Initiatives 9.2. CHR Hansen Holding A/S 9.2.1. Company Overview 9.2.2. Financial Performance 9.2.3. Technology Insights 9.2.4. Strategic Initiatives 9.3. Döhler Group 9.3.1. Company Overview 9.3.2. Financial Performance 9.3.3. Technology Insights 9.3.4. Strategic Initiatives 9.4. Sensient Technologies Corporation 9.4.1. Company Overview 9.4.2. Financial Performance 9.4.3. Technology Insights 9.4.4. Strategic Initiatives 9.5. D.D. Williamson & Co. 9.5.1. Company Overview 9.5.2. Financial Performance 9.5.3. Technology Insights 9.5.4. Strategic Initiatives 9.6. Archer Daniels Midland Company, Inc. 9.6.1. Company Overview 9.6.2. Financial Performance 9.6.3. Technology Insights 9.6.4. Strategic Initiatives 9.7. Kalsec Inc. 9.7.1. Company Overview 9.7.2. Financial Performance 9.7.3. Technology Insights 9.7.4. Strategic Initiatives 9.8. Naturex S.A. 9.8.1. Company Overview 9.8.2. Financial Performance 9.8.3. Technology Insights 9.8.4. Strategic Initiatives
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