Global Natural Food Colorants Market (2018-2023) featuring ADM, BASF, Chr Hansen, Fiorio Colori, FMC Corp, Kalsec, Kerry Group, and more - ResearchAndMarkets.com
Sep. 04, 2018
DUBLIN--(BUSINESS WIRE)--Sep 4, 2018--The "Global Natural Food Colorants Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The natural food colorant market is expected to register a CAGR of 6.7% during 2018-2023.
The increasing preference for clean label products is expected to drive the market for natural food colors over synthetic food colors. The high production cost is a prominent restraint for the market.
Organic Foods Demand Help Boost the Natural Food Colorants Market
Consumer demand for organic food has been high for more than a decade, according to major retailers all over the globe. According to retailers, like Tesco, organic sales in their stores have risen by 15% in the past year (2017). Consumers are more aware of the kind of products available in the market, and most consumers, in developed regions, look at the labels before purchasing food products.
Food manufacturers are also constantly improving their products to match the changing standards of consumers, by eliminating synthetic colors in their products. This also serves as a strategy to improve their market share globally, and gain competitive advantage. The number of consumers, who are becoming health conscious, has grown exponentially over the years, and has, thus, created huge demand for organic products, including natural food colorants.
Consumers are increasingly concerned about what is in their food, which has led to a growing demand for products made from natural sources and fewer synthetic additives. Thus, the demand for natural colorants in bakery applications is expected to witness substantial growth. Colorant manufacturing companies have noticed this trend, and have specially developed natural colorants to overcome the challenges bakery manufactures face by providing a light stable, vibrant, and bright color profile for the bakery products.
The beverage segment accounts for a substantial market share for natural colorants. According to Naturex, of the total drink launches in the United States, 50% drinks used natural sources for coloring.
Key DevelopmentsChr. Hansen is pushing back the boundaries of natural ingredients, and expanding its range of coloring foodstuff, helping food & beverage manufacturers in taking clean labels to the next level. According to new research, Lycoreds naturally sourced colors can extend the shelf-life of surimi seafood products, by as much as three months.
Key Topics Covered
2. Research Approach & Methodology
3. Market Overview
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. List of Company Profiles
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Related Topics:Dyes and Pigments,Food Additives
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 09/04/2018 10:28 AM/DISC: 09/04/2018 10:28 AM