(Food-Beverage-News.Com, September 19, 2017 ) The Latin America Food Colors Market was worth $310.7 million in 2016 and estimated to be growing at a CAGR of 8.77%, to reach $473 million by 2021.
Food colors are used to improve the visual observation of the eatables by giving them tempting shade and make it striking for the customers. A varied range of food colors are accessible for the consumers to use. Natural and synthetic food colors are used to retain the faded color of the product during the processing.
Rising consumption for packed, ready-to-eat meals, confectionery and baked goods, particularly in the developing countries of Latin America is driving the use of food colors. Varying consumer preferences, increasing disposable income and high demand for easy-to-cook meals are the key drivers fuelling the growth of food color market. Better awareness towards the side-effects of synthetic colors usage has instigated a surge towards natural food colors that are observed as safe for consumption. Availability of coloring pigments is less in this region which is hampering the market growth.
Latin America Food Colors market is segmented by type into Natural colors, synthetic colors and nature-identical. Natural colors are sub-segmented into Anthocyanins, Carotenoids and Caramel. Synthetic colors are also sub divided into Red, Yellow, Blue and Green. Based on application the market is bifurcated into Beverages, Bakery and Confectionery, Dairy and Meat. On the basis of form food colors market is segregated into Liquid, Liquid Gel, Gel Paste and Powder. The market id divided among Dyes and Lakes based on solubility. The dyes segment is likely to be the biggest and fastest growing segment during the forecast period.
Geographically the market is segmented into Mexico, Argentina and Brazil. Mexico is dominating the Latin America region market for food colors with highest number of shares.
Various companies are contributing for this market such as LycoRed, DD Williamson, Archer Daniels Midland Company (U.S.), Sethness Products, Fiorio Colori, Chr. Hansen S/A (Denmark), Roha Dyechem, Sensient Technology Corporation (U.S.), Koninklijke DSM N.V. (Netherlands), San-Ei Gen F.F.I. Inc., WILD, DSM, Naturex, Phytone, GNT Group and FMC Corporation (U.S.).
Market Segmentation
1) By Type Natural Colors Anthocyanins Carotenoids Caramel Synthetic Colors Red Yellow Blue Green Nature-Identical
2) By Application Beverages Bakery and Confectionery Dairy Meat
3) By From Liquid Liquid Gel Gel Paste Powder
Reasons to buy Latin America Food Colors Market Research Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Market Data Forecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options.
