Global Natural Food Colors Market 2016-2018 & 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 4, 2018--The “Natural Food Colors Market” report has been added to ResearchAndMarkets.com’s offering.
Global natural food colors market reached USD 1,126.5 Million in 2016 and is expected to gain revenue of USD 1,657.7 Million by the end of 2023, expanding at a CAGR of 5.8% over the forecast period i.e. 2018-2023.
The demand for food and beverages is expected to dominate the application segment and is anticipated to have a share of more than 46.7% by 2023. By product type segment, the demand for soft drink natural food colors is estimated to remain highest and is expected to propel the growth of the market of natural food colors across the globe.
Geographically, Asia Pacific dominated the global natural food colors market by contributing a market share of 31.2% in 2016. The market of natural food colors is majorly driven on the back of stringent regulations by the government authorities on the manufacturing of synthetic food colors and rising awareness among the population regarding the advantages of natural food colors. Additionally, rising number of food industries and offering of new food products are likely to spur the demand for natural food colors in both the region over the forecast period i.e. 2016-2023.
Europe & North-America natural food colors market size is projected to surpass USD 907.3 Million by 2023. Increasing awareness about the harmful effects of synthetic colors and the chemical used in manufacturing of such colors are substantially raising the demand for natural food colors in numerous end-use industries.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Global Natural Food Colors Market Size (USD Million) and Forecast, 2016-2024
4. Market Dynamics & Its Impact Analysis
5. Global Market Segmentation Analysis
6. Competitive LandscapeGNT International ITC Chr. Hansen Holdings Kalsec Inc. Naturex Sensient Flavors ROHA Dyechem Dohler Group
For more information about this report visit https://www.researchandmarkets.com/research/ch4l7l/global_natural?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181204005615/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Food Additives
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/04/2018 08:49 AM/DISC: 12/04/2018 08:49 AM