Canada Natural Food Color Market Size & Outlook, 2022-2030
Canada natural food color market, 2017-2030 (US$M)
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Canada natural food color market highlights
- The Canada natural food color market generated a revenue of USD 66.8 million in 2022 and is expected to reach USD 124.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.1% from 2023 to 2030.
- In terms of segment, beta carotene was the largest revenue generating ingredient in 2022.
- Blue Spirulina is the most lucrative ingredient segment registering the fastest growth during the forecast period.
Natural food color market data book summary
| Market revenue in 2022 | USD 66.8 million |
| Market revenue in 2030 | USD 124.4 million |
| Growth rate | 8.1% (CAGR from 2022 to 2030) |
| Largest segment | Beta carotene |
| Fastest growing segment | Blue Spirulina |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Beta Carotene, Lycopene, Curcumin, Anthocyanin, Carmine, Copper Chlorophyllin, Paprika, Betanin, Riboflavin, Blue Spirulina, Caramel, Annatto |
| Key market players worldwide | Naturex, Givaudan SA, Basf SE, Sensient Technologies Corp, Archer-Daniels Midland Co, Ingredion Inc, Vivify Health, Roquette America, Allied Biotech, Oterra, Roha Colors Group, Kalsec Inc, DohlerGroup, AromataGroup, IFC Solutions, Australian Food Ingredient Suppliers |
Other key industry trends
- In terms of revenue, Canada accounted for 5.0% of the global natural food color market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. natural food color market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 592.9 million by 2030.
Key Regions: Brazil , U.S. , UK , Japan , South Africa
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Natural Food Color Market Scope
Natural Food Color Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada natural food color 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 natural food color market will help companies and investors design strategic landscapes.
Beta carotene was the largest segment with a revenue share of 22.01% in 2022. Horizon Databook has segmented the Canada natural food color market based on beta carotene, lycopene, curcumin, anthocyanin, carmine, copper chlorophyllin, paprika, betanin, riboflavin, blue spirulina, caramel, annatto covering the revenue growth of each sub-segment from 2017 to 2030.
The global trend of consuming healthier and clean-label food products has also been witnessed in Canada, driving consumer adoption of natural food colors. Consumers in the country are actively looking for natural alternatives to synthetic food colorants, and, in response, numerous brands have been offering products with natural food colors.
The presence of stringent regulations in Canada, particularly efforts to modernize and update food regulations, provides a conducive environment for the growth of the natural food colors market. For instance, the use of highly concentrated juices for coloration purposes requires accurate declaration in the ingredient list, including the disclosure of its components if applicable.
Manufacturers must adhere to the regulations set forth by the Canadian Food Inspection Agency (CFIA) and ensure that the labeling information is truthful, not misleading, and complies with all applicable standards of identity and common name requirements. These regulations prioritize consumer safety, transparency, and informed choices while promoting the use of natural food colors in the food industry.
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Our clientele includes a mix of natural food color 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 natural food color market , including forecasts for subscribers. This country databook contains high-level insights into Canada natural food color market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada natural food color market size, by ingredient, 2017-2030 (US$M)
Canada Natural Food Color Market Outlook Share, 2022 & 2030 (US$M)
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