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The Japan Food Colorants Market is segmented by Type (Natural Color and Synthetic Color) and Application (Beverages, Dairy and Frozen Products, Bakery, Meat, Poultry, and Seafood, Confectionery, Oils and Fats, and Other Applications).
The Japanese food colorants market is projected to record a CAGR of 3.12% during the forecast period (2020 - 2025).
The Japanese food colorants market is segmented into natural color and synthetic color. The study also includes the revenue generated through beverages, dairy and frozen products, bakery, meat, poultry, and seafood, confectionery, oils and fats, and other applications.
|Dairy and Frozen Products|
|Meat, Poultry, and Seafood|
|Oils and Fats|
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Owing to the abundant availability, low processing cost, and efficient application in the food industry, the synthetic color segment held the largest market share in the Japanese food colorants market. Further, synthetic colors are preferred by many food manufacturers due to their texture attributes and feasible consistency. However, the segment is experiencing a downfall, due to the increasing interest of consumers toward natural ingredients, which is estimated to alter the revenue share of the synthetic color segment during the forecast period.
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Beverages lead the Japanese food colorants market, as it accounted for the highest consumption rate among other industries. The escalating consumer preference for convenience foods is another factor boosting the market for on-the-go beverages, which is leading to new product launches and developments in the industry. Manufacturers are rolling out innovative products to fill the gaps to serve the needs of the application segment. For instance, in 2019, the Japanese firm, San-Ei-Gen, launched a red-radish-derived food colorant that does not impart off-flavors in applications, including beverages.
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The Japanese food colorants market is highly fragmented, owing to the presence of numerous regional and global players. Companies are not only competing on the basis of product quality and promotion but also on strategic initiatives, in order to gain market shares. New product launches, partnerships, expansions, and acquisitions are the major strategies adopted by the leading companies in the Japanese food colorants market. Some of the leading companies in the market are Chr. Hansen Holding AS, D.D. Williamson & Co., and Sensient Technologies Corporation.
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Natural Color
5.1.2 Synthetic Color
5.2.2 Dairy and Frozen Products
5.2.4 Meat, Poultry, and Seafood
5.2.6 Oils and Fats
5.2.7 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Most Active Companies
6.4 Company Profiles
6.4.1 Chr. Hansen Holding AS
6.4.2 D.D. Williamson & Co.
6.4.3 Sensient Technologies Corporation
6.4.4 Koninklijke DSM NV
6.4.5 Dohler Group
6.4.7 San-Ei Gen FFI Inc.
6.4.8 Maruzen Chemicals Co. Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS