Market Trends of Mexico Food Colorants Industry
This section covers the major market trends shaping the Mexico Food Colorants Market according to our research experts:
Increasing Demand of Clean-label Foods is Likely to Fuel the Natural Color Market
Clean label foods have become an important part of consumer habits. The country is much more emphasizing on the use of clean-label products due to the transforming lifestyles of the local people. The health-conscious consumers in Mexico are increasingly opting for food and beverage products that claim to be free from artificial ingredients and clean-label. Thus, increasing awareness regarding the significance of clean-label will, in turn, boost the demand for natural coloring solutions in processed foods, driving the market in the near future.
Bakery is a Largest Application Segment for Food Colorants in the Country
The sales value of bakery products in the country is more than any other segment of the food industry. This is primarily due to the fondness of baked products among the locals. According to the National Institute of Statistics and Geography, Mexico, the annual value of processed food exported from Mexico in 2016 was recorded to be USD 8.44 million, which is even more than double the value in the last decade. The same organization also talks about the rise in the number of establishments involved in the preparation of bakery products and tortillas in Mexico from 119530 in 2007 to 129650 in 2017. Thus, the transforming bakery sector in the country is likely to provide growth opportunities to many food colorant manufacturers, driving the market to a considerable extent.
