Natural Food Colors Market Size Was Valued at US$ 1.8 Bn in 2021 - Coherent Market Insights

Global Natural Food Colors Market is estimated to be valued at US$ 1.8 Billion in 2021, according to the Natural Food Colors Market Report, by Product Type (Carotenoid (Beta-carotene, Annatto, Lutein, Lycopene), Curcumin, Anthocyanin, Paprika, Spirulina, Chlorophyll, Others), by Application (Beverages (Alcoholic, Non-alcoholic), Packaged/Frozen Food, Confectionery and Bakery Items, Dairy Products, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa), published by Coherent Market Insights. 

Global Natural food colors market was valued at US$ 1.8 Billion in 2021. Natural food colors market is expected to register a CAGR of 6.6% over the forecast period (2022–2030), to reach US$ 3.2 Billion by 2030. Natural food colors are the ingredients prepared from plant sources and do not contain any artificial pigments. Natural food colors are used to impart color and enhance the texture of food by balancing the color loss due to environmental factors. It is also used to decorate the foods such as salads, candies, desserts, cakes, etc. Carotenoids, curcumin, anthocyanin, and carmine are some of the types of natural food colors. Moreover, they provide stability to food and are easy to use.

During the COVID-19 crisis, the prices of natural food are likely to rise, owing to economic instability. However, this rise in the prices is likely to be there for the short term. During this period, demand for natural food products is expected to decrease.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/natural-food-colors-market-3800

Browse 50 market data tables* and 40 figures* on "Global Natural Food Colors Market” - Forecast to 2030.

Key Trends and Analysis of the Global Natural Food Colors Market:

• Rising demand for purple sweet potato and black carrot as the primary source of anthocyanin-based pink/violet shades in food and beverage is expected to be a major trend in Moreover, increasing focus of manufacturers and to increase the availability of raw materials for natural food colors, manufacturers are adopting to red cabbage and purple corn for natural food colour.

Key Takeaways of the Global Natural food colors Market:

• On the basis of product type, the Carotenoid segment dominated the global natural food colors market in 2021 with a 31.5% market share in terms of value, followed by anthocyanin and others.
• Natural food colors or dyes are mainly obtained from plants, animals, fruits, insects, and minerals, which makes them safe to use as a food additive, as they are free of harmful side effects. Due to its non-toxic or less toxic nature and fewer side effects, the therapeutic use of natural colors is also increasing. Also, the governments of various countries are supporting the use of natural food colors as they are biodegradable and do not cause pollution after disposing. Moreover, several regulations are passed in many regions regarding the use of natural colors instead of synthetic food colors, which is further expected to drive demand for natural food colors across the globe.
• New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the natural food colors are key strategies adopted by players in the global natural food colors market