Mexico Food Colors Market Size & Outlook, 2023-2030
Mexico food colors market, 2018-2030 (US$M)
Related Markets
Mexico food colors market highlights
- The Mexico food colors market generated a revenue of USD 150.3 million in 2023 and is expected to reach USD 220.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.6% 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 150.3 million |
| Market revenue in 2030 | USD 220.8 million |
| Growth rate | 5.6% (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, Mexico accounted for 4.8% 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 |
|---|
Mexico 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 40.32% in 2023. Horizon Databook has segmented the Mexico food colors market based on natural, synthetic, nature-identical, caramel covering the revenue growth of each sub-segment from 2018 to 2030.
The market is expected to exhibit substantial growth on account of the rising demand for the product in the alcoholic and non-alcoholic beverage manufacturing industries. In addition, the increasing demand for food colors obtained from non-synthetic sources coupled with the rising consumer awareness in Mexico are anticipated to bolster the product demand over the forecast period
. Demand for the product in the dairy & frozen products sector is growing in Mexico owing to the increasing health concerns among the consumers. In addition, rising concerns regarding the health hazards posed by the consumption of synthetic colors are likely to drive the market in the economy.
The market is expected to exhibit substantial growth on account of the rising demand for the product in the alcoholic and non-alcoholic beverage manufacturing industries. In addition, the increasing demand for food colors obtained from non-synthetic sources coupled with the rising consumer awareness in Mexico are anticipated to bolster the product demand over the forecast period
. Demand for the product in the dairy & frozen products sector is growing in Mexico owing to the increasing health concerns among the consumers. In addition, rising concerns regarding the health hazards posed by the consumption of synthetic colors are likely to drive the market in the economy.
The market is expected to exhibit substantial growth on account of the rising demand for the product in the alcoholic and non-alcoholic beverage manufacturing industries. In addition, the increasing demand for food colors obtained from non-synthetic sources coupled with the rising consumer awareness in Mexico are anticipated to bolster the product demand over the forecast period
. Demand for the product in the dairy & frozen products sector is growing in Mexico owing to the increasing health concerns among the consumers. In addition, rising concerns regarding the health hazards posed by the consumption of synthetic colors are likely to drive the market in the economy.
The market is expected to exhibit substantial growth on account of the rising demand for the product in the alcoholic and non-alcoholic beverage manufacturing industries. In addition, the increasing demand for food colors obtained from non-synthetic sources coupled with the rising consumer awareness in Mexico are anticipated to bolster the product demand over the forecast period
. Demand for the product in the dairy & frozen products sector is growing in Mexico owing to the increasing health concerns among the consumers. In addition, rising concerns regarding the health hazards posed by the consumption of synthetic colors are likely to drive the market in the economy.
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Target buyers of Mexico 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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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico food colors market , including forecasts for subscribers. This country databook contains high-level insights into Mexico food colors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico food colors market size, by type, 2018-2030 (US$M)
Mexico Food Colors Market Outlook Share, 2023 & 2030 (US$M)
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