GLOBAL POWDERED FOOD COLOR ADDITIVES MARKET SIZE (2023 - 2030)

In 2022, the Global Powdered Food Color Additives Market was valued at $0.9 billion, and is projected to reach a market size of $2.01 billion by 2030. Over the forecast period of 2023-2030, market is projected to grow at a CAGR of 10.54%.

Industry Overview:

Food additives are any dye, pigment, or substance that imparts shade when it is brought to foods and beverages. Food additives are handy in more than a few varieties such as liquids, powder, gels, and paste, which locate their software in meat products, beverages, dairy, bakery & confectionary, processed foods & vegetables, and oils & fats. Food coloration does no longer continually imply that the substances are organic, however, in a few cases, it refers to a much less quantity of substances used in it. The much fewer components added the extra herbal the food product is. The food coloring market contains herbal and artificial colors.

Natural food colorings are derived from an extensive variety of vegetables, fruits, plants, minerals, and different fit for human consumption herbal sources. These additives are got the use of physical and/or chemical methods, which end result in selective extraction of pigments relative to nutritive or fragrant constituents. Artificial color is a chemical compound, which is used to add style and enhance the look of foods or beautify the food's flavoring characteristics.

The boom of the world foods hues market is pushed via an upsurge in demand for herbal hues from a variety of end-use industries, inclusive of foods & beverages, bakery & confectionery, dairy products, meat & poultry, and seafood. This is predicted to have a nice influence on the utilization of herbal sources such as carotenoids, curcumin, anthocyanin, and carmine. Natural additives are free of genetically modified organisms (GMO) and allergens, which act as antioxidants & coloring retailers and defend the physique from mobile damage, persistent diseases, and outcomes of aging.

COVID-19 impact on the Powdered Food Color Additives Market 

With the unfolding of COVID-19, the market is estimated to grow during the forecast period due to the fact that food is one of the most consumed things in the world which is why this market is estimated to grow during the forecast period. The pandemic has brought many changes in the market and there are things that are required to grow the market.

The COVID-19 pandemic is projected to have a significant impact on the food colors market, as it has highlighted the significance of safe, healthy, and nutritive eating. While ingredient sales are witnessed across countries, key companies in the food colors market have also begun to establish regional production, and R&D and sales departments are optimizing supply chains for the distribution of raw materials. During the COVID-19 outbreak, natural food color & flavor companies witnessed significant challenges to address the demand for the increased specialization of food products to include the changing tastes and preferences.

MARKET DRIVERS:

Growing Demand for Alpha-Amylase in Food Processing Industry is driving the growth of the market

The Anthocyanins foods colorants market is projected to attain a fee of around USD 550 million by way of 2030, developing at a CAGR of 7% between 2021 and 2030. Anthocyanins belong to the flavonoid household of compounds and herbal pigments. They are water-soluble and are huge in vascular plants. They are extracted from a plant-based eating regimen that affords the hint elements determined in most greens and fruits such as apples, grapes, cherries, crimson onions, pomegranates, pink berries, and pink cabbage.

It is additionally used as a food taste for dairy merchandise such as fruit fillings, dry mixes, comfort drinks, snack bar preparations, and yogurt. Increasing attention to the fitness advantages of anthocyanins has performed a vital function in growing the demand for herbal anthocyanin-based food colorings. Its anti-allergic, antibacterial, antioxidant, anti-inflammatory, and different houses similarly make bigger its use in many purposes thereby using the section expansion.

MARKET RESTRAINTS:

Stringent regulations pertaining to the use of colors in food applications are restraining the growth of the market

Stringent guidelines imposed by way of the federal bodies of a number of nations have restrained the usage of artificial colorants in foods & beverage products. In the US, the FDA is a key regulating physique for food additives. It regulates the inclusion of artificial shades in foods & beverages. These guidelines have restrained the use and demand for food colors. Moreover, the lack of concord in the regulatory norms and labeling pointers for the use of natural and herbal shades in extraordinary international locations is additionally restraining the colors of the food market growth. For instance, Blue #1, i.e., Brilliant Blue, which is banned in France, is extensively used in different European countries.

GLOBAL POWDERED FOOD COLOR ADDITIVES MARKET REPORT COVERAGE:

This research report on the global Powdered Food Color Additives Market has been segmented and sub-segmented based on the Type, Application, and region.

Powdered Food Color Additives Market   - By Type:

• • Carmine

  • Anthocyanins

  • Caramel

  • Curcumin

  • Annatto

  • Carotenoids

  • Chlorophyll

  • and others.

Based on type, the world natural meal colorings market is segmented into carmine, anthocyanins, caramel, curcumin, annatto, carotenoids, chlorophyll, and others. In 2021, the carotenoids section accounted for the greatest income share, and the anthocyanins section is anticipated to account for the easiest boom fee over the forecast period. In phrases of form, the world herbal meals colorations market is segmented into liquid & gel, and powder. Other segments are estimated to grow also but due to many reasons, the market will slow down during the forecast period.

Powdered Food Color Additives Market - By Application:

• Bakery

• Animal Feed

• Biofuels

• Sugar Products

• Detergents

• others

Based on Application, Food colorings are broadly used in these merchandise as they amplify the product appeal. The determination of color is primarily based on elements such as stability, packaging, and the components parameters of the meal item.

Recent developments in the meals enterprise witness shoppers inclining towards herbal hues due to the fitness advantages related to them. According to the Sensient Technologies Corporation (US) “Food Trends Report” 2020, plant-based meat witnesses an excessive demand with new product developments. In these products, seen look is greater essential than ever. Thus, there is an excessive demand being created for meaty pink colors from heat-stable and herbal crimson colors. Both tutorial and significant lookup were carried out to suggest the desire amongst customers for vivid colorations in merchandise as they equate vibrancy with improved style and flavor, mainly at some point during the COVID-19 pandemic outbreak. This is attributed to a make bigger in the demand for online purchases of processed foods.

Powdered Food Color Additives Market    - By Region:

• North America

• Europe

• Asia-Pacific

• Latin America

• The Middle East

• Africa

Geographically, Asia Pacific emerged as the fastest-growing location in the market globally, registering a market fee of over USD 870 million in 2021 and is predicted to develop at a CAGR of 7.7% over the evaluation period. This is normally attributed to the developing consumption of RTD drinks such as protein shakes, mocktails, sports activities drinks, etc., and dairy & frozen cakes on account of altering dietary habits and preferences in the direction of immediate & handy sources to meet the day-by-day nutrient requirement.

In 2021, Europe accounted for the greatest share of the international herbal meal colorations market. In China, growing disposable incomes of the burgeoning middle-class populace and developing urbanization, alongside growing fitness attention amongst consumers, are using the demand for herbal meal colors. Moreover, the rising wide variety of supermarkets and hypermarkets offers buyers with handy accessibility and availability of a number of natural meal colorings products, which is, in addition, boosting the herbal meal shades market growth.

Powdered Food Color Additives Market   Share by Company

1. BASF SE

2. Cargill Incorporated,

3. Koninklijke DSM N.V.

4. ADM

5. FMC Corporation

6. DowDuPont

7. DDW The Colour House

8. Chr. Hansen Holding A/S

9. Sensient Colors LLC.

Recently, Naturex introduced its new extraction line for spirulina production. The newly introduced line triples spirulina production capacity. This expansion of Naturex’s manufacturing capacity has been designed to meet the growing global demand for clean-label blues and greens.

Many key players customize their product’s flavors in accordance with the people in the market that these products, In addition, some producers furnish modern packaging, thereby growing their market share. Many producers are projected to provide new products to the goal area of interest market and turn out to be the key player. Furthermore, extended fitness & health tendencies have raised the demand for healthful drinks. For instance, awesome top-class juices, crafted soda, top-rate hydration, and probiotics are projected to exhibit splendid increase as they use resources in weight loss, and detoxification, furnish nutritional vitamins & different diet supplements and enhance digestion. The material is used in the making of these food items that are very good for the body and they require a lesser time to get absorbed in the body

NOTABLE HAPPENINGS IN THE GLOBAL POWDER FOOD COLOR ADDITIVES MARKET  IN THE RECENT PAST:

• Agreement - In June 2021, International Flavors & Fragrances Inc. (US) signed an agreement with Frutarom (Israel). The aim of undertaking this agreement was to enhance IFF’s strength in terms of taste, scent, and nutrition aspects of its products.