The global oil-dispersible colours market size was valued at around US$ 813 Million in 2021. However, with rising adoption of oil dispersible colours across diverse end use verticals such as food and beverages, bakery products, and pharmaceuticals, the overall sales are projected to grow at around 5.78% CAGR over the forecast period from 2022 and 2032.
| Report Attribute | Details |
| Oil-Dispersible Colours Market Estimated Base Year Value (2021) | US$ 813 Million |
| Oil-Dispersible Colours Market Projected Growth Rate (2022-2032) | 5.78% CAGR |
Food colouring has become a crucial step in bakery and food and beverage industries to make the end use products more aesthetic and visually appealing. From ancient times, food manufacturers used a wide range of substances for colouring their products. However, continuous research on food colours, especially natural ones, has led to the emergence of the next generation of colours like oil dispersible colours that are ideal for usage in food and beverage industry.
Oil-dispersible colours are pigments or lakes manufactured by precipitating dyes with salts to get insoluble compounds. These colours are especially suitable for colouring food items containing oils and fats or substances which lack adequate moisture to dissolve dyes. They are being increasingly used in cakes, doughnuts, soaps, medicines, shampoos, beverages, packaged foods, dairy items, and numerous other food products to enhance their aesthetic features.
Rising consumption of these products across the globe will therefore continue to provide a strong thrust to the growth of oil dispersible colours market during the forecast period.
Depending on nature, there are two forms of oil dispersible colours i.e., natural and synthetic food colours available in the market. Natural food colours are derived from natural sources such as plants, herbs etc., while synthetic ones are being prepared artificially inside laboratories or industries. Among these two, the natural segment is anticipated to grow at a higher CAGR during the forecast period, owing to the rising consumer inclination towards consuming organic products.
Exponential growth of bakery and food and beverage industry across the globe, changing consumer preferences towards healthy and natural colours, and advancements in manufacturing techniques are some of the major factors driving the global oil dispersible colours market.
Oil dispersible colours have become ideal food colouring solutions used across multiple end use verticals including food and beverages, pharmaceuticals and bakery products. Increasing consumption of these products due to rapidly growing population and increasing disposable income is providing a major impetus to the growth of oil dispersible colours market.
With changing lifestyle and eating habits, people across the world are consuming various food items with different flavors and aesthetic appeals. This is prompting food manufacturers to improve the visual appearance of their products. For this purpose, they use oil dispersible colours on large scales. Increasing usage of oil dispersible colours by food manufacturers will continue to act as a catalyst for the growth of oil dispersible colours market during the forecast period.
Similarly, advancements in oil dispersible colours coupled with growing consumer inclination towards natural food colours and easy availability of various colouring options will further accelerate the growth of oil dispersible colours market in future.
In addition to this, rising adoption of oil dispersible colours across pharmaceuticals industry is anticipated to further create growth opportunities within the global oil dispersible colours market during the assessment period.
Although oil-dispersible colours are gradually becoming popular, there are various factors that are likely to challenge market growth during the forecast period. Some of these factors are the increasing usage of alternative colorants across the end use verticals and poor penetration of the products in emerging economies.
With over 32% share, Europe was the largest market for oil dispersible colours in 2021 and is projected to continue its dominance during the forecast period from 2022 and 2032. Growth in the market is attributable to the surging demand from food and beverage industry, growing popularity of natural oil dispersible colours among consumers, and rising applications of oil dispersible colours in pharmaceuticals, confectionary, and bakery products.
Demand is particularly high across countries like the United Kingdom, France and Germany due to rising consumption of processed food products and increased consumer awareness of clean-label products and health benefits of natural oil dispersible colours.
Similarly, increasing investments in research and development by key players of food industry coupled with rising government support to promote food processing sectors is expected to further expand the size of oil dispersible colours market across the European region in future.
According to Future Market Insights, the Asia Pacific oil-dispersible colours market is expected to grow at a relatively higher CAGR of around 7% between 2022 and 2032, owing to the rapid expansion of end use verticals like food and beverages and bakery products, rising consumer awareness about the side effects of using synthetic colorants, and favorable governmental support.
Emerging nations such as China and India are leading the Asia pacific oil dispersible colours market due to rapidly growing populations, increasing consumption of foods and beverages, and presence of various regional and domestic players.
Some of the key participants present in the global oil-dispersible colours market include Archer Daniels Midland, Sensient Technologies Corporation, DDW The Colour House, Chr. Hansen Holding A/S, Colour Garden, Naturex, Symrise, GNT International B.V., Kalsec, Inc., McCormick and Company, and San-Ei Gen, among others.
These prominent players are continuously focusing on product innovation and research and development. Besides this, they are launching novel products as well as improving the existing ones in terms of pH and stability to make them compatible with a variety of substrates or end use products.
| Report Attribute | Details |
| Growth Rate | CAGR of 5.78% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Customization | Available Upon Request |
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FMI projects the global oil-dispersible colours market to expand at around 5.78% value CAGR by 2032
Asia Pacific is expected to be the most opportunistic oil-dispersible colours market, expanding at a around 7% CAGR over the forecast period.
Archer Daniels Midland, Sensient Technologies Corporation, and DDW The Colour House are some prominent oil-dispersible colours manufacturers
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