The North America Natural Food Colors Market would witness market growth of 10.5% CAGR during the forecast period (2023-2030).
The manufacturers in the market are making use of resources to boost their marketing campaigns and increase market demand for their natural food colors. Additionally, an increase in internet penetration and the number of consumers have both been noted. In spite of this, the majority of the market's major companies plan to sell their goods via various social media channels. Therefore, the market size is anticipated to get a substantial growth opportunity through social media marketing approach.
The market has been boosted by the rapidly expanding demand for creative, distinctive-looking food meals as well as changing taste and food appeal preferences brought on by the popularity of social media among populations around the region. A greater understanding among consumers of the introduced health advantages of clean-label food items has further supported the market’s expansion.
As food packaging and flavoring technology advances, there is a rising demand. With more attention being paid to healthy dietary habits, using natural food colors has become more common. In addition to maintaining the production standards, food manufacturers have demonstrated an outstanding sense of responsibility. This aspect has driven market expansion and the requirement for food products with attractive packaging. Further, there has been an enormous demand recently for cakes and candies with strawberry flavors.
In developed nations like the United States, the retail food sector is very competitive. The food & beverage industry in the United States is seeing an increase in demand for food additives as a result of an increase in retailers, retail channels, and retail formats that make processed and convenience foods more accessible to consumers. The organized retail sector exposes consumers to label information and quality comparison with both private labels & branded products while offering consumers competitive prices, quality, and services, which is boosting the retail food market in the United States.
The US market dominated the North America Natural Food Colors Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $590.9 million by 2030. The Canada market is anticipated to grow at a CAGR of 13% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 12.1% during (2023 - 2030).
Based on Solubility, the market is segmented into Water, and Dye. Based on Application, the market is segmented into Processed Food Products, and Beverages. Based on Source, the market is segmented into Plant, and Animal. Based on Form, the market is segmented into Powder and Liquid. Based on Color Type, the market is segmented into Carotenoids, Caramel, Anthocyanins, Carmine, Chlorophyll & Spirulina, Annatto, and Curcumin. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Natural Food Colors Market is Projected to reach USD 2.8 Billion by 2030, at a CAGR of 11%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer Daniels Midland Company, Koninklijke DSM N.V., Döhler Gmbh, International Flavors & Fragrances Inc, GNT International B.V., Kalsec Inc., Givaudan SA, Sensient Technologies Corporation, Kanegrade Ltd. and Taiyo International (Taiyo Kagaku Corporation).
By Solubility
By Application
By Source
By Form
By Color Type
By Country
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