Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2020 |
| CAGR: | 3.12 % |
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Market Overview
The Japanese food colorants market is projected to record a CAGR of 3.12% during the forecast period (2020 - 2025).
- The motive to redeem the lost appeal of processed foods by presenting more appealing products to consumers has been favoring the market growth of the associated solutions, including food colorants.
- The increasing demand and consumer preference for minimally processed foods and health-promoting properties of natural colorants are estimated to drive the natural color segment of the market, with the growth rate being almost double, as compared to the synthetic color segment.
Scope of the Report
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.
| Type | |
| Natural Color | |
| Synthetic Color |
| Application | |
| Beverages | |
| Dairy and Frozen Products | |
| Bakery | |
| Meat, Poultry, and Seafood | |
| Confectionery | |
| Oils and Fats | |
| Other Applications |
Key Market Trends
Synthetic Color Held the Largest Market Share
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 Emerged as the Largest Consumer of Food Colorants
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.
Competitive Landscape
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.
Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Natural Color
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5.1.2 Synthetic Color
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5.2 Application
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5.2.1 Beverages
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5.2.2 Dairy and Frozen Products
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5.2.3 Bakery
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5.2.4 Meat, Poultry, and Seafood
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5.2.5 Confectionery
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5.2.6 Oils and Fats
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5.2.7 Other Applications
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6. COMPETITIVE LANDSCAPE
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6.1 Market Share Analysis
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6.2 Most Adopted Strategies
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6.3 Most Active Companies
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6.4 Company Profiles
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6.4.1 Chr. Hansen Holding AS
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6.4.2 D.D. Williamson & Co.
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6.4.3 Sensient Technologies Corporation
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6.4.4 Koninklijke DSM NV
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6.4.5 Dohler Group
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6.4.6 Givaudan
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6.4.7 San-Ei Gen FFI Inc.
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6.4.8 Maruzen Chemicals Co. Ltd
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Japan Food Colorants Market market is studied from 2016 - 2026.
What is the growth rate of Japan Food Colorants Market?
The Japan Food Colorants Market is growing at a CAGR of 3.12% over the next 5 years.
Who are the key players in Japan Food Colorants Market?
Chr. Hansen Holding A/S, D.D. Williamson & Co, Sensient technologies Corporation , Koninklijke DSM N.V. , Dohler Group are the major companies operating in Japan Food Colorants Market.
