Food Color Market Players, Shifting Industry Dynamics & Current Industry Growth Analysis by 2030
Market Scenario Market Research Future (MRFR) studied the global food color market in the review period till 2030. As per MRFR study, the worldwide market of food color is likely to register 4.93% CAGR in the assessment tenure (from 2022 to 2030). By 2030, the food color market is expected to value at approximately USD 6.18 Bn. Market Drives and Restrains Food color is a substance or pigment that adds color to food and beverages on mixing. These colors are either obtained through natural or synthetic sources. Food color is used in bakery and confectionery, meat products, dairy & frozen desserts, sweet & savory snacks, and beverages among others. The inclination of consumers towards the use of natural food colors as there are certain side effects associated with food colors that are synthetic is likely to favor the market. The rise in count of food color manufacturers and their wide range of natural food colors products that are used in different industries is expected t...