According to the recent study the synthetic food colorant market is projected to reach an estimated $1 billion by 2028 from $0.7 billion in 2023, at a CAGR of 7% from 2023 to 2028. Growth in this market is primarily driven by the growing demand for packaged food and carbonated beverages along with increasing knowledge of consumers regarding products with an exotic and traditional taste.
A more than 150-page
report is developed to understand trends, opportunities and forecast in
synthetic food colorant market by form (liquid, powder and gel), application
(dairy food, non-dairy food, CSD & non-alcoholic beverages, and alcoholic
beverages), and region (North America, Europe, Asia Pacific, and the Rest of
the World).
Download sample report by clicking
on below link
https://www.lucintel.com/synthetic-food-colorant-market.aspx
“Liquid market is expected to remain the
largest segment during the forecast period.”
Based on form, the
synthetic food colorant market is segmented into liquid, powder and gel.
Lucintel forecasts that the liquid market is expected to remain the largest
segment due to its wider application in the food and beverage industry as it
helps in improving viscosity, texture, product stability, shelf life, taste,
and better visual aspect as compared to other forms.
“Within the synthetic food colorant market, the CSD and
non-alcoholic beverages segment is expected to remain the largest application.”
Based on application the
Carbonated soft drinks and non-alcoholic beverages segment is expected to
witness the highest growth over the forecast period due to increasing demand
for ready-to-drink beverages along with rising usage of these products in
various applications, such as chocolates, desserts, and bakery products.
“Asia pacific will dominate the synthetic food colorant market in
near future.”
Asia Pacific will remain
the largest region due to the increasing consumers spending on ready to eat
products and rapid expansion of food and beverage industries.
Download Brochure of this report by clicking on https://www.lucintel.com/synthetic-food-colorant-market.aspx.
Major players of
synthetic food colorant market are adopting various growth strategies like new
product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Archer-Daniels-Midland,
AromataGroup, BASF, Cargill Incorporated, Döhler, Vinayak Ingredients, Kalsec,
Koninklijke DSM, LycoRed, San-Ei Gen F.F.I., and Symrise AG are among the major
synthetic food colorant providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/synthetic-food-colorant-market.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer
solutions for you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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