Market Analysis: Food Colors Set to Hit $6.0 Billion by 2028 – What’s Driving This Growth?
The Food Colors Market is a rapidly evolving sector driven by increasing consumer demand for visually appealing food products, health-conscious choices, and clean-label trends. Here’s a brief overview:
Market Size & Growth
The global food colors market is experiencing steady growth, projected to continue expanding due to rising demand in the food and beverage industry. This growth...
Food Colors Market is Set to Grow at the Fastest Rate by 2028
The Food Colors Market is projected to reach USD 6.0 billion by 2028, growing from USD 4.6 billion by 2023 growing at a CAGR of 5.4% from 2023 to 2028.
Food colors are contained in many processed food & beverage products, including snack foods, margarine, cheese, jams and jellies, desserts, and drinks, among others. The increase in consumption of natural colors, especially in developing countries...
Europe is Estimated to be the Largest Market in Food Colors Market by 2026
The Food Colors Market is estimated at USD 4.3 billion in 2021; it is projected to grow at a CAGR of 4.7% to reach USD 5.4 billion by 2026.
The production of food colors is continuously increasing, and companies are investing increasingly in research & development activities of natural and synthetic colors to enhance their existing product portfolio across various regions. The...
Increasing Demand for Natural Colors to Drive the Food Colors Market in Coming Years
Factors such as the growing demand for Natural Food Colors have significantly fueled the market for food colors due to the increasing consumer awareness for clean-label products and additional health benefits of certain natural food colors.
On the basis of type, the carmine color accounted for the largest share, followed by caramel, in 2018. Due to their wide application areas such as cake icings,...