U.S. Food Colors Market Size & Outlook, 2023-2030
U.S. food colors market, 2018-2030 (US$M)
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U.S. food colors market highlights
- The U.S. food colors market generated a revenue of USD 464.1 million in 2023 and is expected to reach USD 732.6 million by 2030.
- The U.S. 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.
Food colors market data book summary
| Market revenue in 2023 | USD 464.1 million |
| Market revenue in 2030 | USD 732.6 million |
| Growth rate | 6.7% (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, U.S. accounted for 14.8% 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 |
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U.S. 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 40.14% in 2023. Horizon Databook has segmented the U.S. food colors market based on natural, synthetic, nature-identical, caramel covering the revenue growth of each sub-segment from 2018 to 2030.
The food colorants market in the U.S. is expected to witness significant growth on account of the increasing demand for the product in beverage and bakery & confectionery applications. According to Naturex, 50% of the total drinks launched in the U.S. use natural coloring sources.
As a result, the demand for natural colors is anticipated to grow significantly over the forecast period. In addition, the growing demand for food colors in bakery & confectionery applications coupled with their adoption by key manufacturers of chocolates and candies are projected to have a positive impact on the market.
Furthermore, the surge in the introduction of new food and beverage products is likely to drive the market over the forecast periodThe food colorants market in the U.S. is expected to witness significant growth on account of the increasing demand for the product in beverage and bakery & confectionery applications.
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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 U.S. food colors market , including forecasts for subscribers. This country databook contains high-level insights into U.S. food colors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. food colors market size, by type, 2018-2030 (US$M)
U.S. Food Colors Market Outlook Share, 2023 & 2030 (US$M)
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