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.
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