Market Size of Global Natural Food Colorants Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 8.39 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Europe, Middle-East and Africa |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Natural Food Colorants Market Analysis
The Natural Food Colorants Market is projected to register a CAGR of 8.39% during the study period (2020-2025).
- The high functionality of superfood, along with the positive perception of the term 'natural', has been the primary attribute raising the natural food colorant demand in the market. Consumers are greatly fascinated to use products with simple and understandable labels, which is pushing food companies to instead opt for coloring foodstuffs than other alternatives present in the industry.
- Europe emerged as the prominent consumer of natural food colorant, owing to the industry being native to the region and very few regulatory hurdles subjected to the industry. However, there are numerous norms and scrutiny laid by the FDA in the United States, resulting in moderate growth of the market studied.