The Argentina food colorants market size is projected to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising consumer demand for natural colorants.
Food colorants are coloring additives, also known as dye or pigments, which are added to food or beverages to impart color and provide an attractive appearance to the food and beverages. Food colorants are added in the food and beverages to maintain and improve safety, freshness, nutritional value, taste, texture and appearance of foods and beverages. The COVID-19 crisis had a significant influence on the Argentina food colorants market. The sales of the food colorants market declined in the first and second quarters of 2020 The Argentina food colorants market is projected to recover by end of 2021.
Market Trends, Drivers, Restraints, and Opportunities
- Easy availability of raw materials include fruits & vegetables and edible plants is driving the growth of global food colorants market.
- Increasing utilizations of food colorants in the food and beverage industry is expected to boost the consumption of food colorants.
- Increasing consumer demand for processed foods is anticipated to boost the market growth.
- Stringent regulations regarding use of food colorants is estimated to hinder the market growth.
- Side effects associated with synthetic colors can hamper the growth of food colorants market.
- Increasing adoption of natural food colorants with increasing health awareness among population is expected to create lucrative opportunities for the Argentina food colorants market during forecast period.
Scope of Food Colorants Market Report
The report on the Argentina food colorants market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Argentina Food Colorants Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Products (Natural Colors and Synthetic Colors) and Applications (Beverages, Dairy & Frozen Products, Bakery, Meat, Poultry, & Seafood, Confectionery, Oils & Fats, and Others)
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Country
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Argentina
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Chr Hansen holdings; Sensient Technologies Corporation; D.D. Williamson & Co.; and Koninklijke DSM N.V.
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Argentina Food Colorants Market Segment Insights
Natural color segment is expected to grow at a rapid pace
Based on products, the market is divided into natural colors and synthetic colors. The natural colors segment is expected to grow at a rapid pace during the forecast period due to growing health concerns among the consumers. Additionally, in the food and beverage industry, natural food colorants such as Allura red, carnosine, and quinoline yellow are more frequently used in the country.
Natural food coloring are more preferred the food and beverage market with a growing range of commercially available natural food colors and dyes. One of the primary approaches implemented by organizations to fulfil the increasing customer demand is innovation in natural food colors to minimize the application issues experienced by the food industry.
Beverages segment is projected to expand at a considerable CAGR
On the basis of applications, the market is segregated into beverages, dairy & frozen products, bakery, meat, poultry, & seafood, confectionery, oils & fats, and others. The beverages segment is projected to expand at a considerable CAGR during the forecast period owing to growing consumer preference for innovative flavors.
On the other hand, the dairy & frozen products segment is anticipated to account for a major market share during the forecast period owing to increasing consumer awareness for healthy lifestyle. Moreover, rising disposable income of consumers and increasing spending on dairy & frozen products are major factors expected to boost the segment growth.
Segments
The Argentina food colorants market has been segmented on the basis of
Products
- Natural Colors
- Synthetic Colors
Applications
- Beverages
- Dairy & Frozen Products
- Bakery
- Meat, Poultry, & Seafood
- Confectionery
- Oils & Fats
- Others
Country
Key Players
Competitive Landscape
The Argentina Food Colorants Market is fragmented in nature. Key players competing in the Argentina food colorants market are Chr Hansen holdings; Sensient Technologies Corporation; D.D. Williamson & Co.; and Koninklijke DSM N.V. These organizations are adopting a variety of market methods to obtain market share, including creative product creation, partnerships, mergers & acquisitions, and expansion of existing facilities.