global food colors market size is predicted to reach USD 4,772.58million by 2026, exhibiting a CAGR of 8.19% during the forecast period. Thegrowing demand for processed food products and carbonated beverages will boostthe food colors market trends during the forecast period. The rising shifttowards all-natural and chemical-free products will bolster the healthy growth of the market in the forthcoming years. Inaddition, the increasing awareness regarding the benefits of plant-derived foodingredients will accelerate the food colors market revenue in the forthcomingyears.
Accordingto the published report by Fortune Business Insights, titled “Food ColorsMarket 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 RegionalForecast, 2019 – 2026” the market size stood at USD 2,552.41 million in2018.The food colors market report is fixed at delivering a comprehensivedescription of the market dynamics and structure by identifying and providinginformation regarding the key market segments. It also focuses on anall-encompassing analysis of leading market players by financial position,product, product portfolio, price, growth strategies, and regional presence. Itoffers PORTER’s analysis and SWOT analysis to record the question ofshareholders and highlights the investment potential in the upcoming future. Italso showcases what procedures and strategies; companies are currently implementingin the food colors market. It further examines the ways and componentsconvincing expansion, growth patterns, restricting factors, and marketstrategies.
TheReport Lists the Main Companies in the Food Colors Market
Competitive Landscape:
Launchof Technology Centre by Symrise to Boost Market Prospects
SymriseAG, aglobal leader and producer of flavors and fragrances launch its newAsia-Pacific Flavor Innovation and Technology Centre. The Centre is aimed tocontribute to Asia’s regional food & nutrition hub, whilst boosting thelocal food manufacturing capabilities. The announcement of the Innovation andTechnology Centre will bolster healthy growth of the market in the forthcomingyears owing to the 30 € million expansion of its regional headquarters inSingapore, which will help food manufacturers in many ways. Furthermore, ChiefExecutive Officer of Symrise AG, Dr Heinz-Jürgen Bertram, said in a statement,“Asia is fast becoming one of the main global sources of influence andinspiration for innovative food products. And major centres for business, lifestyle,technology, health and nutrition like Singapore will be at the heart of thismegatrend. He further added, “Similarly, Singapore will continue to be withinthe heart of our growth story and I believe the new research and innovationfacilities will ignite greater collaboration, connectivity and creativity amongindustry stakeholders, that will further develop Singapore’s food research andmanufacturing industry capabilities.” In addition, the growing consumption offood items among general population will subsequently aid the expansion of thefood colors market.
Regional Analysis:
HighConsumption of Packaged Food to Promote Growth in North America
NorthAmerica generated a revenue of USD 667.77 million in 2018 and is predicted towitness high growth during the forecast period owing to the growing demand fornatural food colors among manufacturers. The rising number of bans on syntheticcolors for ecological and toxicological reasons will positively contribute tothe growth of the market in North America. The increasing westernization andcommercialization will bolster healthy growth of the market in the region. Therising demand for carbonated drinks will fuel demand for natural and syntheticcolors, which, in turn, will augur well for the market. The growing consumptionof ready-to-eat snacks will create opportunities for the market in Asia Pacificin the forthcoming years. The surge in working population along with risingdisposable income will stimulate growth in the countries of Asia Pacific
Information Source:
https://www.fortunebusinessinsights.com/food-colors-market-102644
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