Market Size of South America Food Colorants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.90 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Food Colorants Market Analysis
The South America food colorants market is projected to grow at a CAGR of 3.9% during the forecast period (2020-2025).
- South American countries are witnessing growing urbanization and changing lifestyles due to globalization and this in turn is driving the demand for convenience and packaged foods.
- South America provides a greater scope of growth of food colorants due to its highly untapped markets.
- Consumer's preference for natural alternatives, demand for clean label products, and stringent regulations particularly in the relatively developed regions like Brazil and Argentina are acting as growth hurdles for the food colorants market.
