Coloring Foodstuffs Market will grow by 8.1% as Focus on Manufacturing Shelf-stable Coloring Foodstuffs Increases
According to Future Market Insights (FMI), the global coloring foodstuffs Market is estimated to reach US$ 98.4 Mn by 2021. The market has been projected to register a compound annual growth rate (CAGR) of 4.2% to top a valuation of US$ 214.4 Mn by 2031.
Coloring Foodstuffs Market
A recent market study published by Future Market Insights on the Coloring Foodstuffs offer...
Consumers prefer excellence both in terms of quality and service. Companies operating in the coloring foodstuffs market are therefore investing in research and development initia6tives to create innovative high-quality products. They also are focusing on adopting latest technologies that will enable them maintain high-quality standards.
Consumers primarily favor brands that have the best quality products and a wide range of options to choose from. Hence, competition is increasing in the integrated coloring foodstuff market. Growth registered in the market will pick up pace as consumers show readiness to pay a higher price for high-quality products.
Factors such as extreme temperature, moisture control, measurement of color loss due to light exposure and color variation have a major impact on the shelf life of coloring foodstuffs products. Achieving the desired color in the product is of utmost importance for a product manufacturer. This has led coloring foodstuff manufacturers to develop shelf-stable colorings with a maintained pH level, for use in different applications.
- North America will lead the global coloring foodstuffs market, accounting for 31.3%% of sales registered in 2021 followed by Europe.
- The U.S. will drive growth in North America. Overall sales of coloring foodstuffs will increase by 6.7% CAGR in the U.S. between 2021 and 2031.
- The demand for coloring foodstuffs will growth by 6.6% CAGR in the U.K., positioning it as a highly lucrative market within Europe.
- South Asia is estimated to be the fastest growing market for coloring foodstuffs, registering a CAGR of 10.9% over the assessment period.
“Consumers are continuing to express health-oriented concerns, and are limiting the consumption of coloring Foodstuff products that contain artificial ingredients, chemicals, and synthetic additives. They are exhibiting higher preference for organic and natural coloring foodstuffs to maintain healthy lifestyle. This will emerge as a chief growth driver over the assessment period" said a lead analyst at FMI.
Role of Color in Humanized Pet Treats
Ongoing Innovation in “Pet Snacking” has really gained momentum. Pets are no longer in the dog house, they are (figuratively speaking) in the dining room feasting on chicken pot pie, sweet potato fries, peanut butter and honey baked goods, rawhide lollipops and topping it all off with some holiday cookies. “Imitation is the sincerest form of flattery”.
Pet brands are blurring the lines between human and pet food. While ingredients, flavors, and packaging claims are certainly an emphasis area, there seems to be an even higher standard placed on visual appeal—especially since coloring foodstuff marketers can capitalize on the idea of what looks appetizing to humans must be tasty for their pets.
As pet owners endear their pets more like children, it’s not surprising pet treat innovation is pulling visual inspiration from human snacks. Similar to kid-friendly snacks on the market, color is playing an important role in new pet treat product development. Just as pet owners do for their own coloring foodstuffs purchases, they are also reading the ingredient lists of their pets’ coloring foodstuffs and expecting to see color from botanical sources.
Who is winning?
Some of the leading companies offering coloring foodstuffs are DDW The Color House, Naturex S.A., Archer Daniels Midland Co. (Wild Flavors, Inc.), Chr. Hansen A/S, ROHA Dyechem Pvt. Ltd, GNT International B.V., and others.
Companies operating in the coloring foodstuffs market are focusing on product launches as they aim for competitive edge. Besides this, they are planning on expanding their global footprint to capitalize on unmet need in the emerging markets.
Get Valuable Insights into Coloring Foodstuffs market
Future Market Insights, in its new offering, provides an unbiased analysis of the coloring foodstuffs market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the coloring foodstuffs market based on form (liquid and powder), extract type (fruits, vegetables, cereals, herbs and spices, and others (cocoa, coffee, etc)), and end use (bakery, snacks, & cereal, beverage, confectionery, dairy, meat, poultry, fish, & eggs, sauces, soups, & dressings, seasonings, and others (pharmaceutical, nutraceuticals, etc)) across seven major regions.
About the Food & Beverage Division at Future Market Insights
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About Food Market Division at FMI
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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