The Europe Natural Food Colors Market would witness market growth of 10.2% CAGR during the forecast period (2023-2030).
Consumers are increasingly searching for natural food ingredients & additives. Several variables, including consumer health, food safety, sustainability, transparency, and flavor, are driving rising demand among producers of foods and beverages. As customers' tastes for natural sources of food ingredients changes, the market is experiencing tremendous growth among food makers in developing economies.
Manufacturers of food products are increasingly turning to nations like India, Indonesia, and Vietnam to support the food business with an appropriate supply of natural food colors. The government's encouragement of using natural colors is one of the main factors influencing the market. Regulations that prohibit artificial food colors and promote natural colors have been established by the Food Safety and Standards Authority of India (FSSAI). This has improved the economic the market environment for companies that manufacture natural food colors and increased demand for their goods.
The expansion of the natural food colors market is facilitated by the health advantages of natural colorants, including their antioxidant and antimicrobial properties, which increase customer interest in naturally processed food products. Furthermore, improvements in natural colorants and the availability of raw materials derived from plants and animals support the market share expansion of natural food colors. The market for natural food colors is expanding as a result of increased R&D activity involving new raw material sources.
Sales are anticipated to grow more successfully between 2021 and 2026, with a CAGR of 4.4%, reaching US $26.3 billion by that year. The subsequent shift in German consumer behaviour has increased sales of baked goods since more people who work from home now eat breakfast at home, which raises the demand for bread. The number of Germans using supermarkets to buy bread is rising. Bread sales reached a CAGR of 1.0% from 2016 to 2021, reaching US$12.1 billion in 2021, and are expected to increase by 0.8% from 2021 to 2026 to reach US$12.7 billion. In Europe, the natural food colors market is witnessing growth due to the growing demand for baked goods in the region.
The Germany market dominated the Europe Natural Food Colors Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $221.3 million by 2030. The UK market is estimated to grow at a CAGR of 9.3% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 11.1% during (2023 - 2030).
Based on Solubility, the market is segmented into Water, and Dye. Based on Application, the market is segmented into Processed Food Products, and Beverages. Based on Source, the market is segmented into Plant, and Animal. Based on Form, the market is segmented into Powder and Liquid. Based on Color Type, the market is segmented into Carotenoids, Caramel, Anthocyanins, Carmine, Chlorophyll & Spirulina, Annatto, and Curcumin. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Natural Food Colors Market is Projected to reach USD 2.8 Billion by 2030, at a CAGR of 11%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer Daniels Midland Company, Koninklijke DSM N.V., Döhler Gmbh, International Flavors & Fragrances Inc, GNT International B.V., Kalsec Inc., Givaudan SA, Sensient Technologies Corporation, Kanegrade Ltd. and Taiyo International (Taiyo Kagaku Corporation).
By Solubility
By Application
By Source
By Form
By Color Type
By Country
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