Demand for Natural Food Colours to Rise at CAGR of 5.1% Due to Stringent Regulations and Need for Clean Label Products - Future Market Insights

New London, TX, January 31, 2015 (Newswire.com) - According to the report, the overall food colours market is anticipated to grow at a healthy single-digit CAGR of 5.1% during the forecast period. Interestingly however, the natural food colours market is projected to grow by 2.8 times more than the synthetic food colours market and 2.1 times more than that of the caramel colours market. The global natural food colours market reached around US $ 1.14 Bn in terms of value in 2014. 

Assessing the various factors driving this market, FMI analyst Megha Dodke said, “Rising demand for natural ingredients from food processing industries in order to produce clean label products is a major factor expected to drive growth of the natural food colours market between 2014 and 2020”. This, she said, would offer processed food manufacturers more options other than synthetic food colours that the Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA) have de-listed. In addition, current developments in food colour extraction & delivery techniques, coupled with packaging innovation, will further boost growth of the global natural food colours market.

Browse Full: "Global Natural Food colours Market Analysis & Opportunity Assessment, 2014 - 2020" Report at http://www.futuremarketinsights.com/reports/details/global-natural-food-colours-market

Region-wise, Western Europe is the largest market in terms of revenue with over 26% of market share in 2014. The trend is more towards consuming colouring foodstuffs due to various food-related regulations in the region. Moreover, major regions such as Asia Pacific Excluding Japan (APEJ) and North America are shifting towards production of natural and preservative-free products which would further boost the demand of natural colours considerably in the forecast period.

Type-wise, this report covers seven natural colouring pigments: anthocyanin, carotenoids (beta-carotene, annatto, lutein and lycopene), curcumin, paprika extract, spirulina extract, chlorophyll and others (betalains, carmine etc.). Carotenoids is estimated to be the largest segment with over 31% of the total market share in 2014 followed by anthocyanin with 22%. On the other hand, paprika extract and curcumin together accounted for more than 20% of the market in the same year.

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful and actionable research

Contact 

Ms. Shibboo Singh
3rd Floor,
207 Regent Street, 
London - W1B 3HH 
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268 
Email: sales@futuremarketinsights.com
Website: Future Market Insights
Website: www.futuremarketinsights.com/