Market Size of Australia Food Colorants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Australia Food Colorants Market Analysis
Australia food colorants market is projected to grow at a CAGR of 3.7% during the forecast period (2020 - 2025).
- Food colorants constitute an important part of food additives. The key driving factor for food colorants is shifting consumer preference towards colored food products. Moreover, edible color utilization to enhance the visual appeal and texture of the items is a key factor enhancing product penetration.
- The different regulatory environments in the countries are affecting the food colorants market, with the rise in food safety issues. Consumers, in the region, are highly concerned about the long-term effects of synthetic colors on health, and thus, prefer natural colorants in their foods.
- However, owing to the increase in consumption of processed and ready to eat foods in Australia is further anticipated to contribute significantly to the global food colorants market.
