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(MoneyNewsWire.Net, April 30, 2018 ) The North America Food Colors Market was worth $717 million in 2016 and estimated to be growing at a CAGR of 7.61%, to reach $1,034.6 million by 2021. Growth will remain strong in North America due to increasing consumer inclination for organic and clean label products.
Natural or synthetic food colors can be used in several food industries. Primarily, synthetic colors lead the market, though natural colors were at a preliminary phase. Presently, the market is rising progressively for natural colors, which brings about awareness about health safety.
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Increasing government support for boosting the acceptance of food colors in various food and beverage applications and in turn is projected to enhanced growth of the food colors market in North America. Moreover, growth in development of color selections for the making of blue, green and red color that are used in several food and beverage products, are likely to drive demand for dyes such as spirulina and lycopene over the next few years. High cost of making colors is obstructing the market growth.
North America Food Colors market is segmented by type into Natural colors, synthetic colors and nature-identical. Natural colors are sub-segmented into Anthocyanins, Carotenoids and Caramel. Synthetic colors are also sub divided into Red, Yellow, Blue and Green. Based on application the market is bifurcated into Beverages, Bakery and Confectionery, Dairy and Meat. On the basis of form food colors market is segregated into Liquid, Liquid Gel, Gel Paste and Powder. The market id divided among Dyes and Lakes based on solubility. The dyes segment is likely to be the biggest and fastest growing segment during the forecast period.
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Geographically the market is segmented into USA and Canada. Demand for natural food colors in the U.S is estimated to rise during the latter years of the forecast period. This is largely credited to launch of new products with natural ingredients.
Various companies are contributing for this market such as LycoRed, DD Williamson, Archer Daniels Midland Company (U.S.), Sethness Products, Fiorio Colori, Chr. Hansen S/A (Denmark), Roha Dyechem, Sensient Technology Corporation (U.S.), Koninklijke DSM N.V. (Netherlands), San-Ei Gen F.F.I. Inc., WILD, DSM, Naturex, Phytone, GNT Group. and FMC Corporation (U.S.).
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