The Europe food colorant market size is estimated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing applications of food colorants in the food and beverage industry.
Food colorants are coloring additives also known as dye or pigments which are added to food or beverages to impart color and give 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.
In the European Union, food colors are regulated as food additives, under a comprehensive set of regulations, for food improvement agents. Presently, in the European Union, 39 colors are authorized as color additives, for usage in foods. The European food colorants market continues to capture the largest market share, due to the growing demand for clean label foods and health awareness.
The Covid-19 pandemic had an adverse impact on the Europe food colorant market. The production and supply in the market has been on halt owing to lockdown; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Availability of raw materials such as fruits and vegetables and edible plants, coupled with rising consumer demand for natural colorants are expected to drive the market during the forecast period.
- Increasing applications of food colorants in food and beverage industry is anticipated to boost the food colorants market in coming years.
- Increasing consumer demand for processed foods is likely to expand the consumption of food colorants.
- Stringent regulations regarding use of food colorants are projected to impede the market growth.
- Side effects associated with synthetic colors on health are expected to hinder the growth of global food colorants market.
- R&D investment and technological advancement in Europe food colorant market are expected to offer lucrative opportunities for the market players.
Scope of Europe Food Colorant Market Report
The report on Europe food colorant market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Europe 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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Type (Natural Color and Synthetic Color), Application (Beverage, Dairy & Frozen Product, Bakery, Meat, Poultry & Seafood, Confectionery, and Others)
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Regions
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Spain, United Kingdom, Germany, France, Italy, Russia, Rest of Europe
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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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Royal DSM; BASF SE; Chr. Hansen A/S; Sensient Technologies; and Dohler Group Se
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Europe Food Colorant Market Segment insights
Based on type, the Europe food colorant market is segregated into natural color and synthetic color. The natural color segment is expected to account for a key share of the market during the forecast period owing to growing health concerns among the consumers which increased the application of natural food colorants such as Allura red, carmoisine, ponceau 4R, quinoline yellow and others in the food and beverage industry. Furthermore, increasing number of natural food color and dyes being produced commercial and innovation in natural food colors to mitigate the application challenges faced by the food industry is one of the key approach adopted by the companies so as to meet the surging consumer's demand.
Based on application, the Europe food colorant market is divided into beverage, dairy & frozen product, bakery, meat, poultry & seafood, confectionery, and others. The beverage segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to characteristics of drinks such as high water activity demand the unique use of food colorant to change in color, the taste, and the aftertaste. Furthermore, manufacturers are accepting innovation for achieving a position in the market by assimilating the food colorant in the product formulation. Key players are providing a wide range of natural colorants to serve to the rising demand for healthy drinks.
In terms of regions, the market is broadly classified into Spain, United Kingdom, Germany, France, Italy, Russia, and Rest of Europe. The market in United Kingdom is anticipated to expand at a robust CAGR during the forecast period. Easily-available raw materials, which includes fruits and vegetables and increased consumption of packaged food, including beverages, ready to eat foods, and other products is expected to drive the market growth in near future. Moreover, consumers in the United Kingdom alligns towards natural products with superior quality which is estimated to surge the food colorant market.
Segments
Segments Covered in the Report
Type
- Natural Color
- Synthetic Color
Application
- Beverage
- Dairy & Frozen Product
- Bakery
- Mea
- Poultry & Seafood
- Confectionery
- Others
Regions
- Spain
- United Kingdom
- Germany
- France
- Italy
- Russia
- Rest of Europe
Key Players
Competitive Landscape
Key players competing in the Europe food colorant market include Royal DSM; BASF SE; Chr. Hansen A/S; Sensient Technologies; and Dohler Group Se.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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