Food colorants are coloring additives also known as dye or pigments which are added to food or beverages to impart color and give an attractive appearance to the food and beverages. Food colorants are added in the food and beverages to maintain and improve safety, freshness, nutritional value, taste, texture and appearance of foods and beverages. Natural colorants segment is expected to hold a significant market share in terms of value owing to easily availability of fruits and vegetables. The global food colorants market is anticipated to witness significant CAGR during the forecast period.
Global Food Colorants Market: Drivers and Restraints
Easily availability of raw materials such as fruits and vegetables and edible plants, coupled with rising consumer demand for natural colorants, which is driving the growth of global food colorants market. Furthermore, increasing applications of food colorants in food and beverage industry is expected to boost the consumption of food colorants. In addition, increasing consumer demand for processed foods leads to increase consumption of food colorants.
However, stringent and expensive certifications and regulations regarding use of food colorants, and side effects associated with synthetic colors on health are expected to limit the growth of global food colorants market.
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Global Food Colorants Market: Segmentation
The global food colorants market is segmented on the basis of product type, form type, and application.
On the basis of product type, the global food colorants market is segmented into:
On the basis of form type, the global food colorants market is segmented into:
On the basis of application, the global food colorants market is segmented into:
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Global Food Colorants Market: Key Players
Some of the major players identified in the global food colorants market include
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