South Korea Natural Food Color Market Size & Outlook
South Korea natural food color market, 2017-2030 (US$M)
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South Korea natural food color market highlights
- The South Korea natural food color market generated a revenue of USD 35.3 million in 2022 and is expected to reach USD 67.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.4% 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 35.3 million |
| Market revenue in 2030 | USD 67.4 million |
| Growth rate | 8.4% (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 Korea accounted for 2.7% 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 Asia Pacific, China natural food color market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 140.6 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 |
|---|
South Korea 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 18.7% in 2022. Horizon Databook has segmented the South Korea 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.
South Korean consumers increasingly seek food products with natural ingredients and minimal artificial additives, and natural food colors align well with these preferences. Additionally, the visual appeal of these natural colors and their ability to enhance the overall aesthetics of food and beverage products contribute to their popularity in the market.
Manufacturers are continuously innovating and developing new natural food color formulations to cater to diverse applications in the food and beverage industry. They are exploring different sources of natural pigments and experimenting with various extraction techniques to create a wide range of vibrant and stable color options.
For instance, Cosis is a leading manufacturer and supplier of natural food colorings in Korea. The company offers a wide range of products, including liquid and powdered food colorings. The color options include beet red, cacao color, spirulina blue, annatto, and monascus yellow.
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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 Korea natural food color market , including forecasts for subscribers. This country databook contains high-level insights into South Korea natural food color market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea natural food color market size, by ingredient, 2017-2030 (US$M)
South Korea Natural Food Color Market Outlook Share, 2022 & 2030 (US$M)
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