Food Color Market Outlook from 2024 to 2034
The food color market is forecasted to advance at a moderate CAGR of 5.8%, promising to reach USD 8.46 billion by 2034. The market valuation of the said market by 2024 will be USD 4.83 billion. The market was valued at USD 4.76 billion in 2023. Various market drivers are expected to enhance the industry's overall market valuation.
| Attributes |
Key Insights |
| Estimated Market Size in 2024 |
USD 4.83 billion |
| Projected Market Value in 2034 |
USD 8.46 billion |
| Value-based CAGR from 2024 to 2034 |
5.8% |
Key Market Trends and Highlights
- Awareness of health and physical fitness has been increasing. This fuels the production of natural ingredients, the key forecasted trend for the global food color market.
- Consumers emphasize the appearance of the food, which encourages various players to present any dish more attractively. This market trend increases the importance of artificial food colors.
- Intercultural exchange has encouraged the exchange of cuisines, which fuels the necessity and demand for food additives. Thus, this is a key trend attributed to the increasing food consumption.
- Differentiated marketing of food products via digital media platforms requires using vibrant food colors to engage consumers. Thus, this is another key trend in the subject market.
Demand Analysis of Food Color Market from 2019 to 2023 vs. Outlook from 2024 to 2034
The global food color market was valued at USD 4.76 billion at the end of the historical period. This market valuation can be attributed to a moderate CAGR of 5.3% between 2019 and 2023. The market's growth in the said period was mainly due to customers' rising demand for natural food colors that could meet their expectations of healthy food products.
However, between 2024 and 2034, the subject market is expected to grow at a CAGR of 5.8%. This increased growth rate is due to increased food consumption and demand for better appearance. Additionally, the historical period differs in terms of the deliverables of the food industry. The forecasted period will require extensive use of digital platforms to promote food products, which will need vibrant colors to make the food look attractive.
The historical period reflects the interaction between the global food industries. The cultural exchange also boosted the food industry, which resulted in rising demand for the subject market.
The forecasted period will be governed by the beverage market, which uses artificial colors extensively. The main purpose of these colors is to enhance the appearance of beverages to appeal to consumers. Therefore, these are some of the differences in demand between the two periods.
| Category |
Historical Period from 2019 to 2023 |
| Market Valuation at the End of the Period |
USD 4.76 billion |
| CAGR |
5.3% |
| Key Trends |
Introducing natural food colors to meet consumer health needs. |
| Growth factors |
The market grew due to the rising food consumption. |
| Category |
Forecast Period from 2024 to 2034 |
| Market Valuation at the End of the Period |
USD 8.46 billion |
| CAGR |
5.8% |
| Key Trends |
Introducing vibrant food colors for marketing the food items. |
| Growth factors |
The market is expected to grow due to increased demand for product appeal. |
Food Color Market Drivers
- Natural food colors are costlier than synthetic colors, so the demand for synthetic colors has been rising. Also, natural colors offer less stability. They easily decolor food, causing food sellers to suffer losses as food loses its appearance. Hence, the demand for synthetic colors drives the market.
- Consumers have been relying more on the appearance of the food. This is leading to surging the demand for food color.
- The increase in bakery products in developing countries has sparked the demand for artificial colors for these products. Consequently, this is another market driver for the subject market.
Food Color Market Challenges
- Overuse of artificial colors can pose serious health issues, affecting an individual’s well-being. This is a key challenge for the food color market.
- Many consumers have misconceptions about food colors, which can significantly hinder the market's growth. Hence, this is a key restraint for the subject market.
- Adulteration in food through artificial colors can pose a risk of diseases like cancer. This poses a critical threat to the subject market.
Country-wise Analysis
The United States of America shows significant growth compared to other countries in the global food color market. The developing consumer base in the North American continent makes the region lead the market. Europe also has a diversified food culture, making it a great market contributor.
Asian countries like India, Japan, and China have emerged in the said market and show sluggish growth. However, the entry of new entrants shows an optimistic picture of the subject market.
| Countries |
Forecast CAGRs from 2024 to 2034 |
| The United States |
5.6% |
| Germany |
5.5% |
| Japan |
1.6% |
| India |
3.1% |
| China |
4.2% |
The United States Market for Food Color to Advance Moderately amid tightening Government Regulations
- The food color market in the United States is progressing at a moderate CAGR of 5.6%, the highest among other countries.
- The development of the infrastructure in the United States has bolstered the distribution network of various organizations. This drives the supply chain, thereby enhancing the delivery of food colors to the end-user industry.
- The FDA has acquired great control over food colors, which are subjected to circulation within the market players.
- Vegan-based products are more circulated through supply chains, as they have caught more demand.
The Food Market Expansion Develops the Food Color Market in Germany
- Germany, a central industrial development hub, has great employment rates, which surges the demand for basic necessities due to the rise in the population.
- This surge also governs the demand in the food market.
- Due to this, the food color market also experiences an assertive force, which drives the subject market.
- Consequently, Germany is Europe's food color market leader, with a moderate CAGR of 5.5%.
Developing Food and Beverage Industry Surges Food Color Market in Japan
- Japan shows sluggish advancement in the subject market with a CAGR of 1.6%, which allows the country to crawl into the market.
- The food and beverage industry in the country has been emerging.
- The country's market development is attributed to the increased consumer demand for food and beverage items that need food additives.
- Constant product development via innovation is another market driver in the country.
The Easy Availability of Raw Materials Drives the Indian Market
- The Indian market estimates the advancement at a CAGR of 3.1% in the upcoming decade.
- The market growth is subject to the availability of raw materials, like fruits, saffron, and many other products.
- Increasing economic stability induces technological upgradation, allowing innovative methods to produce natural colors.
- Local players can enter the market easily due to the low concentration of large-scale competitors.
The Chinese Market Demands Natural Food Colors
- The consumer market in China demands natural food colors, which surges the demand for relevant production.
- Technological infrastructure helps Chinese manufacturers extract highly differentiated natural colors from different resources.
- The increasing vegan population indicates an inclination toward vegan food colors, which surges the demand for natural colors.
- These factors dictate the CAGR of 4.2% from 2024 to 2034.
Category-wise Insights
| Category |
Color Type- Synthetic |
| Market Share in 2024 |
45.60% |
| Market Segment Drivers |
- The bakery products and beverages market is booming due to increased consumption. These products require synthetic colors for faster production.
- Increased ready-to-eat food products have surged the demand for synthetic colors. Fast food items must be prepared in less time, which surges the market segment.
|
| Category |
End-Use Application- Bakery, Snacks, and Cereal |
| Market Share in 2024 |
26.50% |
| Market Segment Drivers |
- Rising bakery item consumption increases the demand for food colors as additives. This drives the market segment.
- Snacks and cereal are required to look attractive for their faster sale. Hence, food color additives are necessary. Hence, this drives the market segment.
|
Competitive Landscape
The global food color market is governed by discrete competition. Various key players and food producers are saturated in one region, like the North American continent, and some areas, like India, are not cluttered by large-scale players. However, various organizations have been significantly governing the market.
Competitors tend to merge themselves or acquire other players to expand in the new market segment. Additionally, product innovation is another key strategic approach marketers adopt.
The following organizations actively participate in the market competition:
- Archer Daniels Midland Company
- Allied Biotech Corporation
- DIC Corporation (BASF SE)
- BioconColors
- DDW, The Color House
- Döhler Group
- GNT International B.V.
- Kalsec Inc.
- DSM
- Naturex S.A.
- ROHA ( A JJT Group Company)
- San-Ei Gen F.F.I., Inc.
- Sensient Colors LLC.
- Symrise AG
- Chr. Hansen Holding A/S
- Others
Key Market Developments
- In April 2019, Archer Daniels Midland Company introduced micronized color powder, which helped the business develop its product portfolio.
- In December 2021, Givaudan acquired DDW. This strategic move allowed the organization to expand globally through the distribution network.
- In June 2022, Sensient Technologies Corp. acquired Endemix Doal Maddeler AS, which allowed the organization to enter a new botanical market vertical.
Key Coverage of Food Color Market Report
- Various market developments and dynamics fueling the functioning of the market.
- Key developments due to initiatives of market players.
- Current market dynamics and scenarios helping the food color market grow.
Report Scope
| Attributes |
Details |
| Estimated Market Size in 2024 |
USD 4.83 billion |
| Projected Market Valuation in 2034 |
USD 8.46 billion |
| Value-based CAGR 2024 to 2034 |
5.8% |
| Forecast Period |
2024 to 2034 |
| Historical Data Available for |
2019 to 2023 |
| Market Analysis |
Value in USD billion |
| Key Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; South Asia & Pacific; East Asia; The Middle East and Africa |
| Key Market Segments Covered |
Color Palette, Form, Solubility, Application, Region |
| Key Countries Profiled |
The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, India, Bangladesh, China, Japan, South Korea, GCC countries, South Africa |
| Key Companies Profiled |
Archer Daniels Midland Company; Allied Biotech Corporation; DIC Corporation (BASF SE); BioconColors; DDW, The Color House; Döhler Group; GNT International B.V.; Kalsec Inc.; DSM; Naturex S.A.; ROHA ( A JJT Group Company); San-Ei Gen F.F.I., Inc.; Sensient Colors LLC.; Symrise AG; Chr. Hansen Holding A/S; Others |
