USD 1.41 Billion
Report ID:
SQMIG30B2045 |
Region:
Global |
Published Date: January, 2025
Pages:
189
|Tables:
79
|Figures:
73
Global Natural Food Colors Market size was valued at USD 1.41 Billion in 2023 and is poised to grow from USD 1.52 Billion in 2024 to USD 2.89 Billion by 2032, at a CAGR of 8.3% during the forecast period (2025-2032).
Increasing health consciousness and rising demand for natural ingredients in food products are projected to primarily augment the sales of natural food colors over the coming years. Surging consumption of functional food and beverages along with a rise in demand for clean-label food products are also expected to present new opportunities for natural food color providers going forward. The rise in the popularity of veganism and a subsequent increase in demand for plant-based food products is also expected to boost the global natural food colors market outlook in the future. Increasing preference for organic food around the world, especially in the European region, is also expected to offer lucrative business scope for natural food color suppliers going forward. However, high costs of natural food colors, limited color range, shorter shelf life, and raw material supply challenges are slated to be key constraints for companies across the study period and beyond.
Market snapshot - (2025-2032)
Global Market Size
USD 1.41 Billion
Largest Segment
Beta-carotene
Fastest Growth
Blue Spirulina
Growth Rate
8.3% CAGR
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The global natural food colors market is segmented based on ingredient, application, and region. Based on ingredient, the market is segmented into beta-carotene, lycopene, curcumin, anthocyanin, carmine, copper, chlorophyllin, paprika, betanin, riboflavin, blue spirulina, caramel, annatto, and others. Based on application, the market is segmented into bakery & confectionery, beverages, dairy & frozen products, meat products, oils & fats, fruits & vegetables, meat alternatives/ plant-based meat, and pet food. By region, the market segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.
Analysis by Ingredient
Beta-carotene is forecasted to account for a prominent chunk of the global natural food colors market share over the coming years. Beta-carotene is a natural pigment and antioxidant found in multiple fruits and vegetables. High fat solubility and stability of beta-carotene also allows it to bring in the most revenue for natural food color suppliers in the long run. Extensive use of beta-carotene in multiple nutritional and functional food products is also cementing its dominance. Cantaloupes, carrots, sweet potatoes, and apricots are some of the most popular sources of beta-carotene for end users. The anti-inflammatory nature of beta-carotene is also slated to boost its adoption going forward.
Meanwhile, the demand for blue spirulina is estimated to increase at an impressive pace across the study period. The vibrant and rich color offered by blue spirulina makes it a preferred choice of natural food color for multiple industry verticals. Growing awareness regarding the health benefits of spirulina consumption around the world is also slated to help create new opportunities for natural food color providers going forward. High heat stability and extensive use of blue spirulina to create different natural food colors are also expected to create new opportunities for natural food color companies in the long run.
Analysis by Application
Beverages are estimated to spearhead the global natural food colors market outlook in the future. Growing consumption of carbonated beverages and rising emphasis on making beverages healthier using clean ingredients are promoting sales of natural food colors. Increasing awareness regarding ill effects associated with synthetic food color usage in beverages is also anticipated to push beverage manufacturers to opt for natural food colors in the long run. Beverage companies are always focusing on making their products more visually appealing to stand out from the competition and increase sales, which is why the use of food colors is especially high in the beverage industry.
On the other hand, the demand for natural food colors in meat alternatives/ plant-based meat applications is slated to rise at a robust CAGR over the coming years. The growing number of people opting for plant-based and vegan diets are expected to significantly boost the adoption of natural food colors in meat alternative production. Natural colors can help plant-based meat providers to offer a natural meat color to their products without having to use synthetic and animal-based alternatives. Surging investments in the development of meat alternatives around the world are also slated to offer new opportunities for natural food suppliers over the coming years.
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Europe is estimated to emerge as the dominant regional market in the global natural food colors industry. High consumer preference for clean label food products, stringent regulations regarding use of synthetic food colors, and rising demand for plant-based and organic food products are slated to help this region maintain its dominance. Germany, France, Italy, and the United Kingdom are estimated to emerge as the most opportune markets for natural food color suppliers operating in this region. Supportive government initiatives to promote clean eating habits among consumers are also expected to bolster the demand for natural food colors in Europe through 2031.
The Asia-Pacific region is slated to emerge as the fastest expanding market for natural food color suppliers in the long run. Increasing health consciousness among consumers, rising availability of natural food colors, and presence of leading food & beverage manufacturers are helping generate new business in this region. Rising demand for organic and clean label food products coupled with imposition of stringent food safety mandates are also expected to boost sales of natural food colors in this region. India and China are slated to be the leading markets owing to their expansive population bases and evolving consumer preferences.
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Drivers
Rising Preference for Clean-label Products
High Demand for Functional Food and Beverages
Restraints
High Costs Compared to Synthetic Alternatives
Limited Color Range
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Natural food colors manufacturers are expected to invest in R&D to reduce manufacturing costs. Natural food color providers are also slated to explore new emerging markets to maximize their revenue generation potential in the long run. Ensuring the stability of natural food colors and providing a wide variety of colors to choose from is also a key area of interest for all natural food color companies.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising health consciousness among consumers and surging demand for clean label products are key factors promoting the demand for natural food colors. However, the high costs of natural food colors and limited color range are expected to hamper sales of natural food colors in the future. Europe is estimated to emerge as the top consumer of natural food colors owing to the presence of more aware consumers and rising vegan population. Use of superfoods as natural food colorants and targeting plant-based food production are expected to emerge as key natural food colors market trends in the long run.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.41 Billion |
Market size value in 2032 | USD 2.89 Billion |
Growth Rate | 8.3% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Natural Food Colors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Natural Food Colors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Natural Food Colors Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Natural Food Colors Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30B2045
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