Market Size of Canada Food Colorants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada Food Colorants Market Analysis
The Canada Food Colorants Market is expected to grow at a CAGR of 4.3% over the forecast period, 2020 to 2025.
- The Canada Food Colorants market is driven by easily available raw materials which include fruits & vegetables. Growing food safety concerns in the global food markets are pressurizing manufacturing to adopt clean labels.
- The major restraint the industry faces is the growing awareness of the ill effects of synthetic colors. This has triggered the demand for natural colors, which have high costs when compared to synthetic colors. The stringent food standards regulations by the FDA and several regulatory bodies are proving to be a constraint for manufactures, thus forcing them to look at alternatives in the form of innovations in the natural colorants segment.
