The Latin America, Middle East and Africa Food Colors Market would witness market growth of 9.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 1,970.3 Tonnes, showcasing a growth of 11.5% (2023-2030).
There's a growing consumer preference for natural and clean-label products. This trend propels the demand for natural food colors derived from botanical sources like fruits, vegetables, spices, and plants. Consumers are more conscious of ingredient lists and seek transparency in food products. Food manufacturers are responding by using clean-label food colors and providing clear and understandable information on packaging.
As consumers become more health-conscious, there's a shift away from synthetic additives. Natural food colors are perceived as healthier alternatives, aligning with wellness trends and influencing purchasing decisions. The beverage industry, including soft drinks, sports drinks, and flavored water, is witnessing increased demand for natural colors to meet consumers' preferences for healthier and visually appealing drinks.
Furthermore, ongoing advancements in food technology enable the development of improved extraction methods, stabilization techniques, and innovative sources for natural food colors. This innovation expands the color palette available to food manufacturers. Manufacturers strive to improve natural colors' stability, solubility, and performance to ensure their suitability for various food applications, such as bakery, dairy products, and confectionery.
Data from the Dubai Municipality revealed extensive food service establishments in the Dubai Emirate. With a total of 18,667 food establishments, 9,705 of which are restaurants, 4,310 of which are coffee shops, 2,809 of which are cafeterias, 840 of which are hotels, and 728 of which are catering services. Therefore, the expansion of food service sector and processed food industry in the region is driving the growth of market.
The Brazil market dominated the LAMEA Food Colors Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $96.4 million by 2030. The Argentina market is exhibiting a CAGR of 10% during (2023 - 2030). Additionally, The UAE market would experience a CAGR of 9.2% during (2023 - 2030).
Free Valuable Insights: The Worldwide Food Colors Market is Projected to reach USD 4.1 Billion by 2030, at a CAGR of 8.2%
Based on Type, the market is segmented into Natural Colors, and Artificial Colors. Based on Application, the market is segmented into Bakery & Confectionary, Beverages, Dairy, Meat Products, Processed Food & Vegetables, Oils & Fats, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Type (Volume, Tonnes, USD Billion, 2019-2030)
By Application (Volume, Tonnes, USD Billion, 2019-2030)
By Country (Volume, Tonnes, USD Billion, 2019-2030)
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