Natural Colors Market To Grow 8.4% By 2027

|
EmailFacebookTwitter

London — Global sales for natural food colors are expected to increase 8.4 percent, compounded annually, by 2027, according to Meticulous Research, which projects the market value at $3.2 billion at the end of the forecast period.

During 2019, the carmine segment controlled the largest share of the overall natural colors market, according to the research company, which notes demand for red coloring drove the segment.

Europe commanded the largest share of the worldwide market in 2019, in part because of higher demand for natural and organic food products, increasing investments in R&D, the presence of more natural coloring providers and rising government support to promote the food processing sector, according to Meticulous. However, the Asia-Pacific market is expected to see the fastest gains during forecast period thanks to strong growth in consumer spending and the food and beverage markets.