Market Size of Asia-Pacific Food Colorants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Food Colorants Market Analysis
The Asia-Pacific food colorant market is projected to witness at a CAGR of 4.8% during the forecast period.
- The demand for natural colors varies across the region, with a higher penetration level in Australia and Japan. At the same time, there is significant potential for conversion from synthetic colors in China and Southeast Asia.
- The driving factor for natural food colorants is the prevalence of food safety scandals and the recycling of waste oil. For instance, animal feed oils were synthetically colored and sold as healthier vegetable oils in Taiwan, toxic toothpaste was produced in China and imported around the world, and high levels of lead were found in packet noodles in India.
- The different regulatory environments in the countries are affecting the food colorants market, due to the rise in food safety issues.
