Market Size of North America Food Colorants Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.70 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Food Colorants Market Analysis
North America Food Colorants Market is projected to grow at a CAGR of 4.7% during the forecast period 2020-2025.
- Increasing demand and consumer preference for minimally processed foods and health-promoting properties of natural colorants are expected to drive the natural colors market, twice as fast as the synthetic market.
- North America is driving the food colorants market followed by Europe. Rising health consciousness of natural food colorants, favorable food safety standards, popularity of clean label products and huge R&D investments are favorably driving the market.