The global natural food colours market represented around 55% of the total food colour market in 2015 and is expected to account for over 60% of the overall market by 2026. The market growth is estimated at a healthy CAGR of 5.4% in terms of value over the forecast period of 2016 through 2026. Growth will remain robust in North America owing to increasing consumer preference for organic and clean label products. The general “health and wellness” trend will also continue to influence the demand for natural food colours in North America.
North America Key for Global Natural Food Colour Market Revenues
The global natural food colours market is expected to observe a significant growth coming from the North America market. In terms of value, the natural food colours market in North America is expected to expand at a CAGR of 5.9% over the forecast period, to reach a market value of US$ 636.5 Mn by 2026. North America accounts for almost 30% of the total share of the global natural food colours market, which is expected to increase significantly by 2026 end. Increasing government support for encouraging the adoption of natural food colours in various food and beverage applications, in turn, is expected to boost growth of the natural food colours market in North America.
Demand for natural food colours in the U.S is expected to increase during the latter years of the forecast period. This is primarily attributed to launch of new products with natural ingredients. In addition, rise in development of colour options for the production of blue, green and red colour that find usage in various food and beverage products, is expected to drive global demand for pigments such as spirulina and lycopene over the next five to six years.
North America Natural Food Colours Market– Segment-wise Overview
By the pigment type, the natural food colour market will witness a major contribution from carotenoids segment. In terms of volume, the carotenoids segment holds the largest share and accounts for over 30% of the total North America natural food colour market. The Spirulina Extract segment is anticipated to demonstrate the strongest growth in North America market over the forecast period with a healthy double digit CAGR. North America is a highly regulated market for a few natural food colours that include Lutein, Spirulina Extract, Chlorophyll, Astaxanthin Extract and Carmine/Cochineal Extract.
In North America natural food colours market, beverages application segment is estimated to account for more than 25% value share by 2016 end, which is expected to increase further by 2026 end. Demand from confectionery and bakery market segment is expected to grow at the strongest CAGR over the forecast period.
There has been a rise in the number of strategic alliances among the natural food colour players across the value chain in North America. A majority of the companies are bestowing increasing focus on developing innovative and sustainable natural food colours solutions that are capable of catering to a wide range of food and beverages end user consumer base, particularly in the U.S. Retailers across the North America are removing products with synthetic ingredients. This is primarily attributed to the shift in consumer preference from synthetic to natural ingredients, which has led to the rise in demand and development of stable and clean label ingredients.
Asia Pacific excluding Japan is another significant regional market which is projected to register the highest CAGR among other regions in the global natural food colours market during the forecast period. Natural food colours adoption in MEA is comparatively lower due to low availability of raw materials. However, it is expected to record significant growth during latter years of the forecast period.
Future Market Insights offers a 10-year forecast of the Global Natural Food Colours Market between 2016 and 2026. In terms of value, the market is expected to register a CAGR of 7.2% during the forecast period. This study demonstrates market dynamics and trends in India that are expected to influence the current environment and future status of the static compression therapy market over the forecast period.
This Future Market Insights report examines the Global Natural Food Colours Market for the period 2015–2025. The primary objective of the report is to offer insights into developments in market that are significantly helping transform the Indian healthcare industry. Increasing consumer consciousness and preference for clean label and natural products is identified as the primary driver for natural food colours globally. A few other market drivers include growing number of government approvals for natural pigments, increasing demand for clean label food products for children and development of shelf stable natural colour solutions.
The natural food colours market is segmented as follows:
This report covers the global natural food colours market performance in terms of value and volume contribution. The report also includes FMI’s analysis of key trends, drivers and restraints in each of the seven regions/countries, which are influencing the natural food colours market currently. Furthermore, the report gives a complete region/country-wise analysis of 2016 & 2026 estimates of the total natural food colours revenue and consumption. Porter’s five forces model, cost structure analysis, PEST analysis & scenario forecast of every region/country is included in this report to better equip clients with crystal-clear decision-making insights.
Based on application segmentation, the global natural food colours market is segmented into dairy food products, beverages, packaged food/frozen food products, confectionery and bakery products and others. Beverages segment is predicted to dominate the market in terms of value and volume contribution throughout the forecast period. Natural food colours find profound applications in meat products. This is supported by the development of new product formulations, which are more stable and temperature compatible in case of meat products. For instance, usage of yellow colour for soft drinks, meat, pork, and bakery items is gaining significant prominence among end use companies in Japan. Apart from aforementioned applications, the ‘gardenia yellow’ colour is used in noodles, rice cakes, and other food and beverages products.
Based on regional segmentation, Western Europe and North America are estimated to collectively account for more than half the total share of the global natural food colours market, which is expected to increase potentially by 2026 end. Asia Pacific excluding Japan is another significant regional market, which is projected to register the highest CAGR in terms of value and volume among other regions in the global natural food colours market during the forecast period.
Key market players covered in this report are GNT International B.V., Roha Dyechem Pvt. Ltd., D.D. Williamson & Co., Inc., Kalsec Inc., Chr. Hansen A/S, Archer Daniels Midland Company, Adama Agricultural Solutions Ltd. (LycoRed), Naturex S.A., Sensient Technologies Corporation and Symrise AG. Natural food colour manufacturers are aimed towards improving their collection and sourcing process. This is further supported by agreements with local participants across different regions. Also, companies are focused towards proliferating product portfolio in accordance with customers of varied applications. Nowadays, consumers are getting increasingly inclined towards products that impart looks along with better taste. Thus, in order to drive attention of consumer towards particular products, manufacturers are increasingly developing blended solutions, which offer both better taste and appearance.
Key Segments Covered
Key Regions/Countries Covered