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Argentina Food Colorants Market is segmented by Product (Natural Color and Synthetic Color), by Application (Beverages, Dairy & Frozen Products, Bakery, Meat, Poultry, & Seafood, Confectionery, Oils & Fats and Other Applications)
Argentina Food Colorants Market is projected to register a CAGR of 4.1%, over the forecast period (2020-2025).
Argentina Food Colorants Market is segmented by Product and Application. On the basis of Product, the market is segmented into Natural Colors and Synthetic Colors. On the basis of Application, the market is segmented into Beverages, Dairy & Frozen Products, Bakery, Meat, Poultry, & Seafood, Confectionery, Oils & Fats and Other Applications.
|Dairy & Frozen Products|
|Meat, Poultry & Seafood|
|Oils & Fats|
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The growing health concerns among the consumers have given a boost to the demand for natural products in their everyday diet. This, in turn, increased the application of natural food colorants such as Allura red, carmoisine, ponceau 4R, quinoline yellow and others in the food and beverage industry. Natural Food Coloring in the food & beverages industry Is gaining popularity with an increasing number of natural food colors and dyes being produced commercially. Innovation in natural food colors to mitigate the application challenges faced by the food industry is one of the key approach adopted by the companies so as to meet the propelling consumer's demand.
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The growing awareness on the ill effects of synthetic colors has triggered the demand for natural colors, which have high costs when compared to synthetic colors. The increasing disposable incomes, changing lifestyles in emerging countries are driving demand for processed foods. And to attract the larger target segment, companies tend to add food colorants. The stringent food standards regulations by FDA and several regulatory bodies is proving to be a constraint for manufactures, thus forcing them to look at alternatives in the form of innovations in the natural colorants.
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The Argentina Food Colorants Market is fragmented with top multinational players competing fiercely with regional and local players. To gain market share, these companies are adopting numerous market strategies like innovative product development, partnerships, mergers & acquisitions, and expansion of existing facilities. Some of the major players in the Argentina food colorants market are Chr Hansen holdings, D.D. Williamson & Co., Sensient Technologies Corporation, Koninklijke DSM N.V., Red Sun Dye Chem among others.
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Natural Color
5.1.2 Synthetic Color
5.2.2 Dairy & Frozen Products
5.2.4 Meat, Poultry & Seafood
5.2.6 Oils & Fats
5.2.7 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Chr Hansen Holdings
6.3.2 D.D. Williamson & Co.
6.3.3 Koninklijke DSM N.V.
6.3.4 Sensient Technologies Corporation
6.3.5 BASF Argentina
6.3.6 Kalsec Inc.
6.3.7 Red Sun Dye Chem
7. MARKET OPPORTUNITIES AND FUTURE TRENDS