Browse The Full Report At (Natural Food Colors industry – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2022): http://www.credenceresearch.com/report/natural-food-colors-market
By application, food segment accounted for more than 50% share of the pie in 2014 and projected to maintain its dominance over next six years. Pet food segment is projected to witness the fastest growth rate during the forecast period. Natural colors are also extensively used in beverages to enhance the overall appearance of the product and to attract the customers.
In 2014, by type, carotenoids accounted for 32% share of the pie and projected to maintain their dominance over the next six years. Spirulina extract which give blue color to products and chlorophyll which provides green color are projected to be the fastest growing industrys. These colors are widely uses in various end users industries such as ice creams, yogurt, and candies among others. Curcumin and paprika extracts are also projected to witness moderate growth rate.
Europe and North America together accounted for more than half chunk of the industry pie and projected to maintain their dominance in future. In North America, the U.S. is the largest industry projected to grow at a CAGR of 7.4% from 2015 to 2022. Europe is the industry leader and projected to maintain its dominance over the next six years. Western Europe is the major contributors towards this growth but in future growth is projected to be highest from the Eastern European region. Asia Pacific region is projected to grow at the fastest growth rate over the next six years. While the usage of natural food colors in RoW countries will remain moderate.
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Chr. Hansen A/S, Sensient Technologies Corporation, Naturex S.A, Kalsec, and Archer Daniels Midland Co are some of the major players in this industry.
Natural food colors industry by revenue is projected to reach USD 1.8 billion by 2022 reviewed on March 30, 2016 by Andy Brock rated 5.0 of 5