Oil Dispersible Color Market Size, Share, Growth, Trends and Forecast Report
by Susan Hill Business ConsultantThe
global oil dispersible color market size is expected to
reach USD 1.2 billion by 2025, according to a new report by Grand View
Research, Inc., expanding at a CAGR of 5.8% over the forecast period.
Increasing number of confectionary and bakery products and Rise in the demand
for food and beverages are likely to fuel the market growth in the upcoming
years.
Shifting
inclination towards environment friendly products and stringent government
regulations on food safety are some of the factors that drive the global
market. Technology advancements have been contributing significantly to the
market growth. The natural product segment emerged as the largest segment in
2018 due to increase in awareness related to harmful effects of artificial
colors.
For
instance, in 2016, DDW, the largest producer of natural colors, have launched a
new natural oil dispersible color derived from a non-GMO purple corn hybrid
that is mostly cultivated in U.S. Technological advancements, coupled with
growing demand for natural colors, are expected to drive the demand for natural
oil dispersible color over the forecast period.
The food and
beverages segment was the largest application segment in 2018. Increase in
demand for bakery products and beverages is anticipated to drive the segment in
the upcoming years. Rising demand for flavored frozen and dairy products has
also fueled the segment growth. The pharmaceuticals segment is estimated to
witness growth during the forecast period owing to increase in product demand
in the pharmaceutical industry.
Europe was
the largest regional market in 2018 owing to increasing demand for natural
food color owing to stringent food safety regulations. Many countries
of Europe have been the largest exporters of bakery and confectionary products.
Belgium was found to be one of the largest producers of chocolates and candies
in Europe. This, in turn, will boost demand for oil dispersible color in the
region. Asia Pacific is estimated to be the fastest growing market for oil
dispersible color due to increase in awareness related to negative effects of
artificial coloring and growing demand from the cosmetic and pharmaceutical industries.
Further key
findings from the report suggest:
- The natural
product segment dominated the global oil dispersible color market with an
overall revenue share of 81.8% in 2018. The synthetic segment is
anticipated to ascend at a CAGR of 4.9% over the forecast period
- The food and
beverages application segment was valued at USD 478.5 million in 2018 and
is projected to exhibit high growth in the next few years
- Asia Pacific is
anticipated to be the fastest growing market, expanding at a CAGR of 7.0%
during the forecast period. China is the largest consumer due to growing
demand from the food and beverages industry
- Key industry
players include DDW The Colour House; Archer Daniels Midland; Naturex;
Chr. Hansen Holding A/S; Symrise; GNT International B.V.; Sensient
Technologies Corporation; McCormick; Kalsec, Inc.; San-Ei Gen; and Colour
Garden
- Various
manufacturers are concentrating on new product launches, capacity
expansion, and technological innovation to estimate existing and future
demand patterns from upcoming product segments.
Access
full research report on global oil dispersible color market:
www.grandviewresearch.com/industry-analysis/oil-dispersible-color-market
Sponsor Ads
Created on Nov 8th 2019 03:22. Viewed 306 times.