Market revenue in 2023 | USD 999.6 million |
Market revenue in 2030 | USD 1,487.1 million |
Growth rate | 5.8% (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 |
Key market players worldwide | Basf SE, Cargill, DuPont de Nemours Inc, Givaudan SA, Koninklijke DSM NV, Chr. Hansen, EXBERRY, LycoRed |
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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 39.17% in 2023. Horizon Databook has segmented the Europe food colors market based on natural, synthetic, nature-identical, caramel covering the revenue growth of each sub-segment from 2018 to 2030.
The food & beverage industry is among the European region’s largest manufacturing industries, in terms of both job creation as well as value addition. This industry has also witnessed trade surplus over the past decade. These trends can be attributed to the highly effective legislation policies laid out by the European Commission.
One of the biggest challenges faced by the European food & beverage industry is the increasing competition from the international markets in the form of emerging markets such as China, India, and Brazil.
These emerging markets have been witnessing higher labor productivity and value addition, combined with lower production costs. The demand for food colors is expected to grow in line with the food & beverage industry growth in the region coupled with rising penetration of food colorants.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe food colors market , including forecasts for subscribers. This continent databook contains high-level insights into Europe food colors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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