South Africa Natural Food Color Market Size & Outlook
South Africa natural food color market, 2017-2030 (US$M)
Related Markets
South Africa natural food color market highlights
- The South Africa natural food color market generated a revenue of USD 28.7 million in 2022 and is expected to reach USD 52.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.8% 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 28.7 million |
| Market revenue in 2030 | USD 52.4 million |
| Growth rate | 7.8% (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, South Africa accounted for 2.2% 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 Middle East & Africa, South Africa natural food color market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 52.4 million by 2030.
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Natural Food Color Market Scope
Natural Food Color Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 20.56% in 2022. Horizon Databook has segmented the South Africa 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.
Consumers in South Africa are becoming increasingly aware of the potential health risks associated with synthetic food colors and artificial additives. As a result, there has been a notable shift toward natural food colors.
Furthermore, there is a growing demand for plant-based products in South Africa, driven by increasing consumer awareness about health and sustainability. Food and beverage companies in the country are responding to this trend by investing in the development of innovative food colors derived from fruits, vegetables, and other plant sources.
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Target buyers of South Africa natural food color market databook
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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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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 country-level data and insights on the South Africa natural food color market , including forecasts for subscribers. This country databook contains high-level insights into South Africa natural food color market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa natural food color market size, by ingredient, 2017-2030 (US$M)
South Africa Natural Food Color Market Outlook Share, 2022 & 2030 (US$M)
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