Global Market For Natural Food Colors To Reach 1 7bn By 2020
The global market for natural food colors is predicted to reach $1.7bn by 2020, with 20% of this market attributed to beverage applications. analysts iti singh and indu tyagi, from research firm marketsandmarkets, look at the opportunities for beverage manufacturers in this guest column. Press release natural food colors market 2020 analysis of the world’s leading suppliers, sales, trends and forecasts up to 2026 published: jan. 11, 2021 at 4:01 p.m. et. The global natural food color market exhibited moderate growth during 2015 2020. looking forward, imarc group expects the market to grow at a cagr of around 5% during 2021 2026. natural food colors are additives that are used in the food and beverages industry to enhance the color of cooked or processed food products. The food colors market size was valued at $2.1 billion in 2019, and is projected to reach $3.5 billion by 2027, registering a cagr of 12.4% from 2020 to 2027. 10 natural food colors market, by type (page no. 117) 10.1 introduction figure 38 natural food colors market size, by type, 2020 vs. 2025 (usd million) table 16 natural food colors market size, by type, 2018 2025 (usd million) 10.2 caramel 10.2.1 beer, gravy premix, sauces, and confectionaries are key applications of the caramel color.
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Natural food colors are used in food, beverages and drug industries in order to restore color of the product for good appearance. market size and forecast. the global natural food colors market was valued at usd 1. 3 billion in 2016, and is expected to register a cagr of 7.8% over the forecast period i.e. 2016 2023. The global food colors market size was usd 2.55 billion in 2018 and is projected to reach usd 4.77 billion by 2026, exhibiting a cagr of 8.19% during the forecast period. The global natural food color additives market is expected to show growth at stupendous pace during the forecast period of 2020 to 2030. this growth is attributed to increased use of natural food color additives in various end user industries such as food and beverages, dairy, bakeries, and others.
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