Global Food Colors Market Size & Outlook, 2023-2030
Global food colors market, 2018-2030 (US$M)
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Global food colors market highlights
- The global food colors market generated a revenue of USD 3,127.2 million in 2023 and is expected to reach USD 4,828.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.4% by 2030.
- In terms of segment, natural accounted for a revenue of USD 1,232.5 million in 2023.
- Natural is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,127.2 million |
| Market revenue in 2030 | USD 4,828.3 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Natural |
| Fastest growing segment | Natural |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural, Synthetic, Nature-identical, Caramel |
Other key industry trends
- In terms of revenue, the North America accounted for 28.7% of the global food colors market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 94.8 million by 2030.
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Food Colors Market Scope
Food Colors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global food colors market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food colors market will help companies and investors design strategic landscapes.
Natural was the largest segment with a revenue share of 39.41% in 2023. Horizon Databook has segmented the Global food colors market based on natural, synthetic, nature-identical, caramel covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Food Colors Type Outlook (Revenue, USD Million, 2018-2030)
- Natural
- Carotenoids
- Anthocyanin
- Annatto
- Others
- Synthetic
- Tartrazine-E102
- Sunset yellow FCF-E110
- Brilliant Blue FCF
- Others
- Nature-identical
- Mixed carotenes
- Canthaxanthin
- Riboflavin
- Others
- Caramel
- Natural
- Global Food Colors Form Outlook (Revenue, USD Million, 2018-2030)
- Powder
- Liquid
- Gel & paste
- Global Food Colors Source Outlook (Revenue, USD Million, 2018-2030)
- Plant, animal, & insect
- Microbes
- Petroleum, other minerals & chemicals
- Global Food Colors Application Outlook (Revenue, USD Million, 2018-2030)
- Bakery & confectionery
- Dairy & frozen treats
- Breakfast cereals & snacks
- Savory & plant-based meat
- Beverages
- Others
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Target buyers of Global food colors market databook
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Our clientele includes a mix of food colors market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global food colors market , including forecasts for subscribers. This global databook contains high-level insights into Global food colors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global food colors market size, by regions, 2018-2030 (US$M)
Top 10 countries: Food colors market size, 2023 (US$M)
Global food colors market share, by type, 2023 & 2030 (%, US$M)
Food colors market: Opportunity assessment by country
Global food colors market, by region, 2023 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 683.9 | 719.8 | 758.6 | 800.5 | 845.8 | 897.5 | 953.6 | 1,014.4 | 1,080.5 | 1,152.5 | 1,230.7 | 1,316.0 | 1,408.9 | 6.7% |
| Europe | 770.7 | 810.3 | 853.1 | 899.3 | 949.2 | 999.6 | 1,054.0 | 1,112.8 | 1,176.2 | 1,244.9 | 1,319.3 | 1,399.8 | 1,487.1 | 5.8% |
| Asia Pacific | 619.3 | 653.1 | 689.6 | 729.1 | 772.0 | 823.9 | 880.3 | 941.8 | 1,008.8 | 1,081.9 | 1,161.6 | 1,248.8 | 1,344.2 | 7.2% |
| Latin America | 190.4 | 200.1 | 210.4 | 221.6 | 233.7 | 246.7 | 260.7 | 275.9 | 292.3 | 310.1 | 329.5 | 350.4 | 373.2 | 6.1% |
| MEA | 131.3 | 136.3 | 141.7 | 147.4 | 153.6 | 159.7 | 166.2 | 173.0 | 180.4 | 188.2 | 196.5 | 205.4 | 214.9 | 4.3% |
| Overall | 2,395.6 | 2,519.6 | 2,653.4 | 2,798.0 | 2,954.2 | 3,127.2 | 3,314.7 | 3,517.9 | 3,738.3 | 3,977.5 | 4,237.6 | 4,520.4 | 4,828.3 | 6.4% |
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