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
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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. |
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% |
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Category | Color Type- Synthetic |
---|---|
Market Share in 2024 | 45.60% |
Market Segment Drivers |
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Category | End-Use Application- Bakery, Snacks, and Cereal |
---|---|
Market Share in 2024 | 26.50% |
Market Segment Drivers |
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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:
Key Market Developments
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 |
The food color market will advance at a CAGR of 5.80% by 2034.
The food color market is estimated to reach USD 4.83 billion by 2024.
The food color market is estimated to reach USD 8.46 billion by 2034.
Rising bakery item consumption increases the demand for food colors as additives, driving the market segment.
The synthetic color type segment secures 45.60% of the market share.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Manufacturer 3.5.1.2. Mid-Level Participants (Traders) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Color Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Color Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Color Type, 2024 to 2034 5.3.1. Natural Colors 5.3.1.1. Beta Carotene 5.3.1.2. Carmine 5.3.1.3. Black Carrot Concentrated Juice 5.3.1.4. Grape Skin Red/Anthocyanidin 5.3.1.5. Lutein 5.3.1.6. Turmeric 5.3.1.7. Red Beet 5.3.1.8. Malt Extract 5.3.1.9. Spirulina 5.3.2. Synthetic Colors 5.4. Y-o-Y Growth Trend Analysis By Color Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Color Type, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-Use Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End-Use Application, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End-Use Application, 2024 to 2034 6.3.1. Beverage 6.3.1.1. Milk Drinks & Milk Alternatives 6.3.1.2. Alcoholic Beverages 6.3.1.3. Carbonates (Carbonated Soft Drinks) 6.3.1.4. Sports Drinks 6.3.1.5. Coffee & Cocoa 6.3.1.6. Tea 6.3.1.7. Energy Drink 6.3.2. Bakery, Snacks, & Cereal 6.3.2.1. Breakfast Cereal 6.3.2.2. Bread 6.3.2.3. Cakes & Pastries 6.3.2.4. Cookies 6.3.2.5. Biscuits & Cones 6.3.3. Dairy 6.3.4. Fruit Preparations / Fillings 6.3.5. Meat, Poultry, Fish, & Eggs 6.3.6. Sauces, Soups, & Dressings 6.3.7. Seasonings 6.3.8. Pet Food 6.4. Y-o-Y Growth Trend Analysis By End-Use Application, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By End-Use Application, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023 7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Color Type 8.2.3. By End-Use Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Color Type 8.3.3. By End-Use Application 8.4. Key Takeaways 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Color Type 9.2.3. By End-Use Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Color Type 9.3.3. By End-Use Application 9.4. Key Takeaways 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Color Type 10.2.3. By End-Use Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Color Type 10.3.3. By End-Use Application 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Color Type 11.2.3. By End-Use Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Color Type 11.3.3. By End-Use Application 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Color Type 12.2.3. By End-Use Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Color Type 12.3.3. By End-Use Application 12.4. Key Takeaways 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Color Type 13.2.3. By End-Use Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Color Type 13.3.3. By End-Use Application 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Color Type 14.2.3. By End-Use Application 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Color Type 14.3.3. By End-Use Application 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2023 15.1.2.1. By Color Type 15.1.2.2. By End-Use Application 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2023 15.2.2.1. By Color Type 15.2.2.2. By End-Use Application 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2023 15.3.2.1. By Color Type 15.3.2.2. By End-Use Application 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2023 15.4.2.1. By Color Type 15.4.2.2. By End-Use Application 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2023 15.5.2.1. By Color Type 15.5.2.2. By End-Use Application 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2023 15.6.2.1. By Color Type 15.6.2.2. By End-Use Application 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2023 15.7.2.1. By Color Type 15.7.2.2. By End-Use Application 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2023 15.8.2.1. By Color Type 15.8.2.2. By End-Use Application 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2023 15.9.2.1. By Color Type 15.9.2.2. By End-Use Application 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2023 15.10.2.1. By Color Type 15.10.2.2. By End-Use Application 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2023 15.11.2.1. By Color Type 15.11.2.2. By End-Use Application 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2023 15.12.2.1. By Color Type 15.12.2.2. By End-Use Application 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2023 15.13.2.1. By Color Type 15.13.2.2. By End-Use Application 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2023 15.14.2.1. By Color Type 15.14.2.2. By End-Use Application 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2023 15.15.2.1. By Color Type 15.15.2.2. By End-Use Application 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2023 15.16.2.1. By Color Type 15.16.2.2. By End-Use Application 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2023 15.17.2.1. By Color Type 15.17.2.2. By End-Use Application 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2023 15.18.2.1. By Color Type 15.18.2.2. By End-Use Application 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2023 15.19.2.1. By Color Type 15.19.2.2. By End-Use Application 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2023 15.20.2.1. By Color Type 15.20.2.2. By End-Use Application 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2023 15.21.2.1. By Color Type 15.21.2.2. By End-Use Application 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2023 15.22.2.1. By Color Type 15.22.2.2. By End-Use Application 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2023 15.23.2.1. By Color Type 15.23.2.2. By End-Use Application 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Color Type 16.3.3. By End-Use Application 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Archer Daniels Midland Company 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Allied Biotech Corporation 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. DIC Corporation (BASF SE) 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. BioconColors 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Symrise AG 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Döhler Group 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. GNT International B.V. 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Kalsec Inc. 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. DSM 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Naturex S.A. 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 17.1.11. Sensient Colors LLC. 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 17.1.11.5.2. Product Strategy 17.1.11.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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