According to a new report, published by KBV research, The Global Food Colors Market size is expected to reach $4.1 billion by 2030, rising at a market growth of 8.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 13,950.6 Tonnes, experiencing a growth of 8.3% (2019-2022).
The Natural Colors segment is leading the Global Food Colors Market by Type in 2022; thereby, achieving a market value of $3.1 billion by 2030. The preference for plant-based diets and ingredients extends to food colors. Natural colors resonate with consumers seeking products that align with their plant-based lifestyle choices. The increasing demand for natural colors in the food colors market is driven by a combination of health consciousness, clean-label preferences, regulatory support, sustainability considerations, and the perception of naturalness, all influencing consumer choices and shaping market trends.
The Beverages segment is registering a CAGR of 7.6% during (2023 - 2030). The use of food colors is prevalent in the creation of visually appealing alcoholic beverages and cocktails. Mixologists and beverage manufacturers leverage colors to enhance the presentation and aesthetic appeal of these drinks. The increasing demand for food colors in the beverage industry reflects the importance of visual appeal and innovation in meeting consumer expectations. Hence, food colors improve the visual appearance of beverage products. It is driving the demand for food colors in the beverages industry.
Full Report: https://www.kbvresearch.com/food-colors-market/
The Europe region dominated the Global Food Colors Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.3 billion by 2030. The North America region is anticipating a CAGR of 8% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 8.8% during (2023 - 2030).
By Type (Volume, Tonnes, USD Billion, 2019-2030)
By Application (Volume, Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Tonnes, USD Billion, 2019-2030)
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