Synthetic Food Colorants Market Size
| Study Period | 2019-2029 |
| Market Size (2024) | USD 1.51 Billion |
| Market Size (2029) | USD 1.96 Billion |
| CAGR (2024 - 2029) | 5.42 % |
| Fastest Growing Market | Asia |
| Largest Market | North America |
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*Disclaimer: Major Players sorted in no particular order |
Synthetic Food Colorants Market Analysis
The Synthetic Food Colorants Market size is estimated at USD 1.51 billion in 2024, and is expected to reach USD 1.96 billion by 2029, growing at a CAGR of 5.42% during the forecast period (2024-2029).
The synthetic food colorant market has witnessed notable growth owing to low cost, high color intensity, and more color stability and uniformity. The shift from synthetic colors to natural colors is anticipated to be slow due to the higher cost of natural colorants, thus providing synthetic food colorants an upper edge over natural ones. The increased demand for processed food further enhances the demand for synthetic food colors. With the rise in urbanization, growing middle-class population, increase in the working population, and a rise in disposable income, the developed and developing regions across the globe are witnessing a rising demand for packaged food. Synthetic food colors are extensively used in processed foods to improve visual appeal. Bright and vibrant colors make products more attractive and appealing to consumers. This visual appeal can influence consumer perception of the taste and quality of the food, impacting purchasing decisions. While there are concerns about the safety of synthetic colorants, many of them have undergone rigorous testing and received approval from regulatory bodies like the FDA (Food and Drug Administration) for safe use in food products. This regulatory approval reassures processed food manufacturers and consumers regarding their safety.
Synthetic Food Colorants Market Trends
Synthetic Food Colorants Are Extensively Used in Beverages
Food color plays an essential role in the sensory appeal of carbonated soft drinks, and manufacturers strategically use synthetic colors to evoke specific flavors and distinguish between various product line variants. For instance, a bright red is associated with cherry flavor, while a deep orange signifies orange-flavored soft drinks. Moreover, synthetic food color is a major ingredient in functional beverages such as protein and dairy drinks to provide its authentic color. Owing to the increase in the consumption of dairy drinks worldwide, the synthetic food color market is growing. The synthetic food color market is expected to grow due to the increasing consumption of fruit juice around the globe. According to the British Soft Drinks Association, the total fruit juice consumption in the United Kingdom was valued at 956 million liters in 2021, which increased to 973 million liters in 2022.
North America Dominates the Market
The continued popularity of processed and convenience food items in the United States has led to a consistent demand for synthetic food colors which are used to enhance the visual appeal of a wide range of processed food products. Furthermore, regulatory agencies like the Food and Drug Administration (FDA) have approved using several synthetic food colors in the United States. This regulatory approval assures manufacturers of the safety and suitability of these colors for consumption, driving their use in the market. In Canada, food colors are regulated under Marketing Authorizations issued by the Minister of Health. Health Canada conducts detailed, rigorous, safety-focused pre-market evaluations of food additives before allowing their use in products and setting the maximum allowable levels of use of those colors. For instance, Canada permits a maximum level of 300 parts per million of Allura Red, Amaranth, Erythrosine, Indigotine, Sunset Yellow FCF, or Tartrazin in food products.
Synthetic Food Colorants Industry Overview
The synthetic food colorants market is fragmented, with the presence of a large number of medium and small-sized players. Some leading market players include Neelikon, Roha Group, Sensient Technologies Corporation, Vibfast Pigments Pvt. Ltd, and Red Sun Dye Chem. These players are adopting strategies, such as expansion, partnership, product innovation, and merger and acquisition, to enhance their customer base and geographical presence. For instance, in April 2022, Sensient Technologies Corporation opened its new customer and innovation lab in Somerset, New Jersey. The area was designed to be 21,000-square-foot to promote collaborative R&D and help innovation thrive.
Synthetic Food Colorants Market Leaders
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Roha Group
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Sensient Technologies Corporation,
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Vibfast Pigments Pvt. Ltd
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Red Sun Dye Chem
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Neelikon
*Disclaimer: Major Players sorted in no particular order
Synthetic Food Colorants Market News
- November 2023: International Flavors & Fragrances expanded its first dedicated food and beverage lab in Gangnam, Seoul, South Korea.
- August 2023: International Flavors & Fragrances expanded its research lab and new North American Creation and Design center in the New Century.
- July 2022: International Flavors & Fragrances invested USD 15.8 million in three of its innovation centers in Latin America. The facilities are strategically located in Sao Paulo, Brazil, Bogota, Colombia, and Santiago, Chile, to serve the diverse local markets.
Synthetic Food Colorants Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Booming Processed Food Industry
- 4.1.2 Low Processing Costs Coupled with High Extraction Yield
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4.2 Restraints
- 4.2.1 Negative Health Impacts
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4.3 Industry Attractiveness - Porter’s Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Color Type
- 5.1.1 Blue
- 5.1.2 Red
- 5.1.3 Green
- 5.1.4 Yellow
- 5.1.5 Other Color Types
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5.2 Application
- 5.2.1 Beverages
- 5.2.1.1 Carbonated Soft Drinks
- 5.2.1.2 Juice and Juice Concentrates
- 5.2.1.3 Functional Beverages
- 5.2.1.4 Alcoholic Beverages
- 5.2.1.5 Other Beverages
- 5.2.2 Dairy Products
- 5.2.3 Bakery and Confectionery
- 5.2.4 Snacks and Cereals
- 5.2.5 Other Application
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East & Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Strategies Adopted by Leading Players
- 6.2 Market Positioning Analysis
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6.3 Company Profiles
- 6.3.1 Vinayak Ingredient (India) Pvt. Ltd
- 6.3.2 Roha Group
- 6.3.3 Dain Color Chem
- 6.3.4 Neelikon
- 6.3.5 Denim Colourchem (P) Ltd
- 6.3.6 Advik Colors
- 6.3.7 Sun Food Tech Pvt. Ltd
- 6.3.8 Sensient Technologies Corporation
- 6.3.9 Matrix Pharma Chem
- 6.3.10 Vibfast Pigments Pvt. Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablitySynthetic Food Colorants Industry Segmentation
Synthetic food colorants are artificial colors manufactured by chemical reactions and are commonly used in the food and pharmaceutical industries. The synthetic food colorants market has been segmented based on color type, application, and geography. By color type, the market has been segmented into blue, red, green, yellow, and others. By application, the market has been segmented into beverages, dairy products, bakery and confectionery, snacks and cereals, and others. The beverages segment has been further segmented into carbonated soft drinks, juice and juice concentrates, functional beverages, alcoholic beverages, and others. By geography, the study provides key insights into the major regions, including North America, Europe, Asia-Pacific, South America, and the Middle-East & Africa. The market sizing has been done in value terms in USD for all the abovementioned segments.
| By Color Type | Blue | |
| Red | ||
| Green | ||
| Yellow | ||
| Other Color Types | ||
| Application | Beverages | Carbonated Soft Drinks |
| Juice and Juice Concentrates | ||
| Functional Beverages | ||
| Alcoholic Beverages | ||
| Other Beverages | ||
| Application | Dairy Products | |
| Bakery and Confectionery | ||
| Snacks and Cereals | ||
| Other Application | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East & Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle East & Africa |
Synthetic Food Colorants Market Research FAQs
How big is the Synthetic Food Colorants Market?
The Synthetic Food Colorants Market size is expected to reach USD 1.51 billion in 2024 and grow at a CAGR of 5.42% to reach USD 1.96 billion by 2029.
What is the current Synthetic Food Colorants Market size?
In 2024, the Synthetic Food Colorants Market size is expected to reach USD 1.51 billion.
Who are the key players in Synthetic Food Colorants Market?
Roha Group, Sensient Technologies Corporation,, Vibfast Pigments Pvt. Ltd, Red Sun Dye Chem and Neelikon are the major companies operating in the Synthetic Food Colorants Market.
Which is the fastest growing region in Synthetic Food Colorants Market?
Asia is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Synthetic Food Colorants Market?
In 2024, the North America accounts for the largest market share in Synthetic Food Colorants Market.
What years does this Synthetic Food Colorants Market cover, and what was the market size in 2023?
In 2023, the Synthetic Food Colorants Market size was estimated at USD 1.43 billion. The report covers the Synthetic Food Colorants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Synthetic Food Colorants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Synthetic Food Colorants Industry Report
Statistics for the 2024 Synthetic Food Colorants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Synthetic Food Colorants analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
