Canada Food Colors Market Size & Outlook, 2023-2030
Canada food colors market, 2018-2030 (US$M)
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Canada food colors market highlights
- The Canada food colors market generated a revenue of USD 283.1 million in 2023 and is expected to reach USD 455.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, natural was the largest revenue generating type in 2023.
- Natural is the most lucrative type segment registering the fastest growth during the forecast period.
Food colors market data book summary
| Market revenue in 2023 | USD 283.1 million |
| Market revenue in 2030 | USD 455.5 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Natural |
| Fastest growing segment | Natural |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural, Synthetic, Nature-identical, Caramel |
| Key market players worldwide | Basf SE, Cargill, DuPont de Nemours Inc, Givaudan SA, Koninklijke DSM NV, Chr. Hansen, EXBERRY, LycoRed |
Other key industry trends
- In terms of revenue, Canada accounted for 9.1% of the global food colors market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. food colors market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 455.5 million by 2030.
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Food Colors Market Scope
Food Colors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 40.37% in 2023. Horizon Databook has segmented the Canada food colors market based on natural, synthetic, nature-identical, caramel covering the revenue growth of each sub-segment from 2018 to 2030.
The rapid evolution of the food industry in Canada has resulted in an increased demand for sauces, seasoning, and oils. There is also a persisting trend of consuming ready-to-eat meals, snacks, and similar items. These factors are predicted to have a positive impact on the food colorants market in the country during the forecast period.
In addition, the rising demand for alcoholic beverages and soft drinks is anticipated to drive the market over the forecast period. Furthermore, the demand for food colors in the manufacture of bakery products is expected to drive the market over the forecast period.
The rapid evolution of the food industry in Canada has resulted in an increased demand for sauces, seasoning, and oils. There is also a persisting trend of consuming ready-to-eat meals, snacks, and similar items.
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Our clientele includes a mix of food colors market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the Canada food colors market , including forecasts for subscribers. This country databook contains high-level insights into Canada food colors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada food colors market size, by type, 2018-2030 (US$M)
Canada Food Colors Market Outlook Share, 2023 & 2030 (US$M)
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