North America Food Colors Market Size & Outlook, 2023-2030
North America food colors market, 2018-2030 (US$M)
Related Markets
North America food colors market highlights
- The North America food colors market generated a revenue of USD 897.5 million in 2023.
- The market is expected to grow at a CAGR of 6.7% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 897.5 million |
| Market revenue in 2030 | USD 1,408.9 million |
| Growth rate | 6.7% (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 |
Other key industry trends
- In terms of revenue, North America region accounted for 28.7% of the global food colors market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,344.2 million by 2030.
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Food Colors Market Scope
Food Colors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 40.25% in 2023. Horizon Databook has segmented the North America food colors market based on natural, synthetic, nature-identical, caramel covering the revenue growth of each sub-segment from 2018 to 2030.
North America is among the key markets for natural food colors owing to the growing consumer awareness about the health hazards associated with the use of synthetic or chemical-based food colors in key sectors such as beverages, confectionery, bakery, and dairy. In addition, the food product manufacturers in the region are shifting toward advanced colors, leading to a high demand for natural colors.
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Target buyers of North America 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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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 continent-level data and insights on the North America food colors market , including forecasts for subscribers. This continent databook contains high-level insights into North America food colors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America food colors market size, by country, 2018-2030 (US$M)
North America Food Colors Market Outlook Share, 2023 & 2030 (US$M)
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