[3-Dec-2019] Meticulous Research® – leading global market research company published a research report titled “Natural Food Colors Market by Type (Carmine, Anthocyanins, Caramel, Annatto, Carotenoids, Chlorophyll, Spirulina), Source (Plant, Animal), Form (Liquid, Powder, Emulsion), Solubility (Water, Dye), Application (Processed Foods, Beverage), and Geography- global forecast to 2024”.
According to this latest publication from Meticulous Research®, the global natural food colors market is expected to grow at a CAGR of 8.8% from 2019 to reach $2.5 billion by 2024. The growth of this market is mainly attributed to growing awareness about the benefits of natural food colors, increasing awareness for clean-label products, growing need to enhance product appeal, growing research and development activities in food industry, and growing use of microencapsulation technology. In addition, increasing research for new raw material sources and emerging economies such as Latin America, South East Asia, and Africa provides significant opportunities for the manufacturers in the global natural food colors market.
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Key Findings in the Market Study:
Carmine dominates the global natural food colors market
The carmine is expected to see the largest gain in demand through 2024 in this market. The growth in the sale of carmine natural food colors will be mainly supported by its growing demand to use in various food products including meat, beverages, dairy, and frozen products owing to unique red color.
Processed food products to post fastest Natural Food Colors Market growth
On the basis of application, processed food products segment dominated this market in 2018. However, beverages segment is expected to witness a rapid growth during the forecast period. The growth of this segment is mainly attributed to growing need to improve the energy-nutrient ratio in beverages as well as to meet the demand of health-conscious consumers.
Europe dominates the global Natural Food Colors Market
Europe commanded the largest natural food colors market share in 2018, followed by Asia-Pacific and North America. The largest share of this region is mainly attributed to growing demand of natural and organic food products, increasing investments in research and development from major players of food industry, and rising government support to promote food processing sector.
Full Research Report with 239 Tables and 36 Figures @ https://www.meticulousresearch.com/product/natural-food-colors-market-4967/
Scope of the Report:
- Processed food products
- Bakery, Snacks, and Cereal
- Meat, Poultry, and Seafood
- Oil and Fats
- Non-Alcoholic beverages
- Alcoholic beverages
- Carbonated Soft Drinks
- Functional Drinks
- Juice and Juice Concentrates
- North America
- Asia-Pacific (APAC)
- Rest of World
- Latin America
- Middle East and Africa
- Latin America
Top 10 Companies in Natural Food Colors Market @ https://meticulousblog.org/top-10-companies-in-natural-food-color-market/
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This post was originally published on The Market Plan