Food Colors Industry Strengths and Weaknesses of the Key Vendors by NickyArora · December 9 Wholesale Jerseys Cheap , 2019
The global Food Colors Market size is expected to reach USD 2.97 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for colored food products owing to their aesthetic appeal and increasing use in end user industries is expected to drive the demand for food colors over the forecast period.
Growing demand for the product across various industries such as beverages Wholesale Jerseys Online , bakery & confectionary, and dairy products is likely to have a positive impact on the utilization of food colors in the foreseeable future. The demand for food colors for the production of canned products is also estimated to drive the industry growth.
Growing consumer demand for low-fat food is another factors which is expected to supplement the market growth in near future The rising adoption of processed food by consumers across the globe is estimated to translate into the growth in demand of the product. In addition, rising demand for alcoholic and non-alcoholic beverages is likely to drive the market growth over the forecast period.
Rising disposable incomes and changing lifestyles due to rapid urbanization are likely to have a positive influence on the market over the forecast period. Ongoing product innovation Wholesale Jerseys Free Shipping , consumer preference for high-quality products, and solidification of government regulations is likely to propel the growth in the next few years.
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The absence of any notable substitute to the product results in negligible threat of product substitution. However, the industry is expected to witness internal substitution with natural food colors being increasing used as a substitute for synthetic food colors. The market is expected to witness a degree of uncertainty due to high degree of volatility observed in the prices of raw material.
Further key findings from the report suggest:
Natural food colors are expected to reach USD 2.50 billion by 2025 Wholesale Jerseys From China , owing to growing awareness among consumers regarding the health benefits associated with the product. CSDs and non-alcoholic beverages is estimated to be the fastest growing application with a growth rate of 6.4% over the forecast period, on the account of rising demand for juices, soft drinks Wholesale Jerseys China , and carbonated soft drinks in emerging economies. The demand for the product in Asia Pacific is expected to reach a value of USD 868.0 million by 2025 in the wake of growing food and beverage industry in the region. The companies have adopted different approach to compete with each other. For example, Allied Bioitech Corporation have adopted a mono-product approach. It is global supplier for carotenoids and manufactures & distributes only on product.
Grand View Research has segmented the food colors market on the basis of product, application Wholesale Jerseys , and region.
North America S. Canada Mexico Europe Germany UK Spain Italy Asia Pacific China India Japan Australia Central & South America Brazil Middle East & Africa
About Grand View Research:
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports Cheap Jerseys Free Shipping , and consulting services. Grand View Research database is used by the world’s renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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11.03.2020 10:29
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