As per Future Market Insights, the global FD and C lakes market is expected to witness a market value of US$ 3.6 billion in 2023 and is expected to accumulate a market value of US$ 5.9 billion by registering a CAGR of 4.9% in the forecast period 2023 to 2033. The FD And C Lakes market registered a CAGR of 3.1% in the historical period 2018 to 2022. Factors such as the increasing demand for processed foods, as well as the growing food and beverage industry, are expected to boost market growth over the analysis period.
The demand for processed foods is expected to increase in the coming years, which will drive the growth of the FD and C lakes market. FD and C lakes are widely used in processed foods, such as bakery products, confectionery, and beverages, to enhance their appearance.
The food and beverage industry is expected to witness significant growth in the coming years due to factors such as increasing population, rising disposable income, and changing food habits. This growth is expected to accelerate the demand for FD and C lakes during the forecast period, which are used in various food and beverage products.
Furthermore, the rising demand for natural colors is a major factor that is anticipated to propel the market growth in the near future. The demand for natural colors is increasing due to rising consumer awareness about the harmful effects of synthetic colors on health.
Technological advancements in the FD and C lakes production process are expected to augment the growth of the market in the forthcoming years. These advancements may lead to the development of new and improved FD and C lakes with better properties and functionalities.
Additionally, the governmental regulations related to food additives, including FD and C lakes, are becoming stricter in various countries. The compliance with these regulations may lead to increased investment in research and development to improve the safety and efficacy of FD and C lakes, thereby escalating the growth of the market.
On the regional end, the FD And C Lakes market in North America is expected to account for the maximum share during the analysis period. Factors such as the increasing demand for processed foods and beverages, and the growing food and beverage industry in the region are anticipated to fuel the regional market growth in the near future.
On the other hand, the FD And C Lakes Market in Europe is witnessing significant growth in recent years. The regional market growth is driven by factors such as the increasing research and development activities by the manufacturers in the region.
Recent developments in the technology, mergers and acquisitions, and partnerships within the companies involved in the designing of FD And C Lakes are expected to create lucrative opportunities for the market growth over the analysis period. For instance,
In March 2021, Sensient Colors LLC, a leading producer of colors for the food, beverage, and cosmetic industries, launched its new range of natural colorants under the brand name Pure-S™ Natural, which includes natural FD&C Lake colors.
In September 2020, Chr. Hansen Holding A/S, a Danish bioscience company, announced that it had acquired the natural colors business of SECNA Natural Ingredients Group, a Spanish food ingredients supplier. The acquisition includes SECNA's FD&C Lakes business and expands Chr. Hansen's natural color portfolio.
Data Points
Key Statistics
Expected Market Value of the FD and C Lakes Industry in 2023
US$ 3.6 billion
Projected Market Value of the FD and C Lakes Industry in 2033
US$ 5.9 billion
Growth Rate (2023 to 2033)
4.9% CAGR
The global sales/shipment of FD&C lakes is predicted to grow at a rapid pace during 2021 to 2031. FD&C lakes are particularly versatile and adaptive since they are relatively inert absorption compounds.
It can also be dispersed in propylene glycol, glycerine or sucrose suspensions, which make it a popular choice for colouring food, beverages, cosmetics, and pharmaceuticals among other products. The wide range of applications offered by FD&C lakes is estimated to boost its sales during 2021 to 2031.
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Multiple Benefits Offered by FD and C Lakes Estimated to be a Significant Driver
FD&C lakes last longer and are less expensive than other certified colourants like FD&C dyes and pigments. It disperses easily in high-fat systems, making it suitable for colouring foods with fats, oils, or products that don't have enough moisture to dissolve dyes.
Coated pills, baking mixes, candies, and chewing gums, lipsticks, and shampoos among others widely utilise FD&C lakes as they are more stable than water-soluble dyes.
FD&C lakes are also good for cosmetics because they don't bleed colour. It also has vivid hues, similar to synthetic dyes. It can be made with a variety of dye concentrations, allowing manufacturers of end-use industries to tailor the lakes to their specifications. During the projected period, the aforementioned factors are expected to boost sales of FD&C lakes.
Vibrant Food Colours Estimated to Correlate with Positive Buyer Perception
When it comes to the food and beverage sector, colour has long been acknowledged as one of the most important visual indicators predicting the likely sensory attributes.
Food colour can be thought of as a significant product-intrinsic sensory signal influencing the consumer's sensory and hedonic expectations for the foods and drinks they purchase and consume. Hence, getting the colour just right can have a big impact on food acceptance, satisfaction, and, ultimately, food consumption.
Food and beverage companies are likely to use bright and attractive colourants in their products as a growing number of consumers desire aesthetically pleasing foods and beverages. As a result, during the forecasted period, FD&C lake manufacturers are anticipated to witness higher demand for their products.
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The USA and Canada Demand Outlook for FD and C Lakes Market
The booming pharmaceutical and dietary supplement industry is estimated to support the growing demand for FD&C lakes in North America market. In 2019, a study revealed 77% of the USA population consumed dietary supplements out of which adults between the ages of 30-40 were likely to intake the most amount of supplements in the region.
As the dietary supplement continues to innovate in terms of products offering, more and more manufacturers are anticipated to demand FD&C lakes, which is likely to be a significant factor for market expansion in the region.
Europe FD and C Lakes Market outlook
FD&C lakes are widely used in processed food in the region. A study conducted in 2018 stated that 19 European countries including the United Kingdom have high consumption rate of processed food products.
The trend is estimated to continue during 2021 to 2031 owing to hectic lifestyle of population in the region. Increasing consumption of convenience and processed food in Europe is estimated to enhance sales of FD&C lakes during the forecast period.
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