Asia-Pacific Natural Food Colors Market Forecast to 2028

Asia-Pacific Natural Food Colors Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Carmine, Anthocyanins, Caramel, Curcumin, Annatto, Carotenoids, Chlorophyll, and Others), Form (Liquid & Gel and Powder), and Application (Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, Sauces; Dressings; and Condiments, RTC and RTE Products, Meat; Poultry and Seafood, and Others)

Report Code : BMIRE00027578 | Region : Asia Pacific | Industry : Food and Beverages | Published Date : 05/Dec/2022

The natural food colors market in APAC is expected to grow from US$ 635.66 million in 2022 to US$ 1,018.68 million by 2028. It is estimated to grow at a CAGR of 8.2% from 2022 to 2028.

Availability Of Wide Range Of Natural Food Colors

There is a wide range of natural food colors that is available in the market. Newly introduced colors, and trends have increased the product portfolios of many companies. Manufacturers such as Naturex, Oterra, and Kancor offer wide range of natural food colors in the market. Customers are switching more to natural food color products, due to which the manufacturers are launching new shades regularly to increase the customer satisfaction. Also, in the bakery and confectionary segment, there is always a new trend of different colors, which also results into manufacturers launching such colors to meet the customers’ requirements. Hence, these factors result into wide availability of natural food colors in the market.

Market Overview

The natural food colors market is expected to grow in Asia Pacific, as result of increasing demand of beverages, bakery and dairy products. Moreover, the awareness regarding natural ingredients such as natural food colors and flavors has increased amongst customers, post pandemic. As a result, the consumers’ food product choices have shifted to clean label and natural products. Therefore, manufacturers are reformulating their products, replacing synthetic food color with natural ones. A report by natural food colors manufacturer, Chr. Hansen A/S stated that in the Asia Pacific region, natural food colors exhibited growth of double figures, due to increasing customer demand and regulations such as Federal Food, Drug, and Cosmetic Act, 1938 and Color Additive Amendments, 1960. According to Natural Food Colors Food Association (NATCOL), the consumer request for natural solutions and products with natural colorants in Asia Pacific was 59% in 2019-2020. Moreover, the beverage companies such as PepsiCo, Inc. and The Coca-Cola Company reported 28% and 10% of beverage volume growth, respectively, in the Asia Pacific, which is expected to positively affect the natural food color market growth.

APAC Natural Food Colors Market Revenue and Forecast to 2028 (US$ Million)

APAC Natural Food Colors Market Segmentation

The APAC natural food colors market is segmented into type, form, application and country. Based on type, the market is segmented into carmine, anthocyanins, caramel, curcumin, annatto, carotenoids, chlorophyll, and others. The carotenoids segment registered the largest market share in 2022.

Based on form, the APAC natural food colors market is segmented into liquid & gel and powder. The liquid & gel segment registered a larger market share in 2022. Based on application, the APAC natural food colors market is segmented into bakery and confectionery, dairy and frozen desserts, beverages, sauces, dressings, and condiments, RTC and RTE products, meat, poultry and seafood, and others. The beverages segment registered the largest market share in 2022. Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. China dominated the market share in 2022.

Archer Daniels Midland Company, BASF SE, Döhler Group, DuPont, Givaudan S.A., Koninklijke DSM N.V., Naturex S.A., Oterra A/S, and Sensient Technologies Corporation are the leading companies operating in the natural food colors market in the region.

At 8.2% CAGR, the APAC Natural Food Colors Market is speculated to be worth US$ 1,018.68 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the APAC natural food colors market was valued at US$ 635.66 million in 2022 and is expected to reach US$ 1,018.68 million by 2028, registering a CAGR of 8.2% from 2022 to 2028. Rise in the number of end-use applications and availability of wide range of natural food colors are the critical factors attributed to the market expansion.

Natural food colors are used in several applications, such as bakery and confectionary, dairy and desert products, beverages, RTE and RTC foods, among others. Along with the rising population in many countries, the demand for bakery and dairy items is also increasing. Moreover, the consumption of beverages is at an all-time high. These factors are positively affecting the use of natural food colors in the market. Natural food coloring is not only used in food and beverage products but is now also used in pharmaceutical and cosmetic products, which increases the scope of its applications. Natural food color is also expected to drive the poultry industry, and dressings & condiments industry’s demands in the coming years. In many regions, RTE and RTC foods have been witnessing high demand owing to factors such as, the rise in working population, and the convenience of availability of such foods. Furthermore, the latest trends of colorful cakes and pastries in the bakery and confectionary segment, has increased the use of natural food colors in the market and is expected to keep growing at a high pace.

On the contrary, higher cost of natural ingredients hurdles the growth of APAC natural food colors market.

Based on type, the APAC natural food colors market is segmented into carmine, anthocyanins, caramel, curcumin, annatto, carotenoids, chlorophyll, and others. The carotenoids segment held 32.1% market share in 2022, amassing US$ 203.92 million. It is projected to garner US$ 331.92 million by 2028 to expand at 8.5% CAGR during 2022–2028. Based on form, the APAC natural food colors market is segmented into liquid & gel and powder. The liquid & gel segment held 55.2% market share in 2022, amassing US$ 351.00 million. It is projected to garner US$ 567.73 million by 2028 to expand at 8.3% CAGR during 2022–2028. Based on application, the APAC natural food colors market is segmented into bakery and confectionery, dairy and frozen desserts, beverages, sauces, dressings, and condiments, RTC and RTE products, meat, poultry and seafood, and others. The beverages segment held 31.1% market share in 2022, amassing US$ 197.89 million. It is projected to garner US$ 319.97 million by 2028 to expand at 8.3% CAGR during 2022–2028. Based on country, the APAC natural food colors market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. Our regional analysis states that China captured 42.3% market share in 2022. It was assessed at US$ 252.30 million in 2022 and is likely to hit US$ 458.64 million by 2028, exhibiting a CAGR of 9.3% during the forecast period.

Key players dominating the APAC natural food colors market are Archer Daniels Midland Company, BASF SE, Döhler Group, DuPont, Givaudan S.A., Koninklijke DSM N.V., Naturex S.A., Oterra A/S, and Sensient Technologies Corporation among others.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection

3.2.2 Primary Interviews

3.2.3 Hypothesis Formulation

3.2.4 Macro-economic Factor Analysis

3.2.5 Developing Base Number

3.2.6 Data Triangulation

4. APAC Natural Food Colors Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Suppliers

4.2.3 Bargaining Power of Buyers

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Ecosystem Analysis

4.3.1 Ecosystem: Global Natural Food Colors Market

5. APAC Natural Food Colors Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising consumer concerns about synthetic ingredients

5.1.2 Increasing consumer proclivity towards clean label products

5.2 Market Restraints

5.2.1 Higher cost of natural ingredients

5.3 Market Opportunities

5.3.1 Rise in the number of end-use applications

5.4 Future Trends

5.4.1 Availability of wide range of natural food colors

5.5 Impact Analysis of Drivers and Restraint

6. Natural Food Colors Market– APAC Analysis

6.1 APAC Natural Food Colors Market –Revenue and Forecast To 2028 (US$ Million)

7. APAC Natural Food Colors Market Analysis – by Type

7.1 Overview

7.2 APAC Natural Food Colors Market, by Type (2021 and 2028)

7.3 Carmine

7.3.1 Overview

7.3.2 Carmine: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Anthocyanins

7.4.1 Overview

7.4.2 Anthocyanins: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Caramel

7.5.1 Overview

7.5.2 Caramel: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Curcumin

7.6.1 Overview

7.6.2 Curcumin: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

7.7 Annatto

7.7.1 Overview

7.7.2 Annatto: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

7.8 Carotenoids

7.8.1 Overview

7.8.2 Carotenoids: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

7.9 Chlorophyll

7.9.1 Overview

7.9.2 Chlorophyll: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

7.10 Others

7.10.1 Overview

7.10.2 Others: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

8. APAC Natural Food Colors Market Analysis – by Form

8.1 Overview

8.2 APAC Natural Food Colors Market, by Form (2021 and 2028)

8.3 Liquid & Gel

8.3.1 Overview

8.3.2 Liquid & Gel: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Powder

8.4.1 Overview

8.4.2 Powder: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

9. APAC Natural Food Colors Market Analysis – by Application

9.1 Overview

9.2 APAC Natural Food Colors Market, by Application (2021 and 2028)

9.3 Bakery and Confectionery

9.3.1 Overview

9.3.2 Bakery and Confectionery: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Dairy and Frozen Desserts

9.4.1 Overview

9.4.2 Dairy and Frozen Desserts: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Beverages

9.5.1 Overview

9.5.2 Beverages: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Sauces, Dressings and Condiments

9.6.1 Overview

9.6.2 Sauces, Dressings and Condiments: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

9.7 RTC and RTE Products

9.7.1 Overview

9.7.2 RTC and RTE Products: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

9.8 Meat, Poultry and Seafood

9.8.1 Overview

9.8.2 Meat, Poultry and Seafood: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

9.9 Others

9.9.1 Overview

9.9.2 Others: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

10. APAC Natural Food Colors Market– Country Analysis

10.1 Overview

10.1.1 Asia Pacific: Natural Food Colors Market, by Key Country

10.1.1.1 Australia: Natural Food Colors Market–Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 Australia: Natural Food Colors Market, By Type

10.1.1.1.2 Australia: Natural Food Colors Market, by Form

10.1.1.1.3 Australia: Natural Food Colors Market, by Application

10.1.1.2 China: Natural Food Colors Market–Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 China: Natural Food Colors Market, By Type

10.1.1.2.2 China: Natural Food Colors Market, by Form

10.1.1.2.3 China: Natural Food Colors Market, by Application

10.1.1.3 India: Natural Food Colors Market–Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 India: Natural Food Colors Market, By Type

10.1.1.3.2 India: Natural Food Colors Market, by Form

10.1.1.3.3 India: Natural Food Colors Market, by Application

10.1.1.4 Japan: Natural Food Colors Market–Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 Japan: Natural Food Colors Market, By Type

10.1.1.4.2 Japan: Natural Food Colors Market, by Form

10.1.1.4.3 Japan: Natural Food Colors Market, by Application

10.1.1.5 South Korea: Natural Food Colors Market–Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 South Korea: Natural Food Colors Market, By Type

10.1.1.5.2 South Korea: Natural Food Colors Market, by Form

10.1.1.5.3 South Korea: Natural Food Colors Market, by Application

10.1.1.6 Rest of Asia Pacific: Natural Food Colors Market–Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1 Rest of Asia Pacific: Natural Food Colors Market, By Type

10.1.1.6.2 Rest of Asia Pacific: Natural Food Colors Market, by Form

10.1.1.6.3 Rest of Asia Pacific: Natural Food Colors Market, by Application

11. Company Profiles

11.1 Koninklijke DSM N.V.

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Sensient Technologies Corporation

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Archer Daniels Midland Company

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Döhler Group

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 BASF SE

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 Naturex S.A.

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Givaudan S.A.

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 DuPont

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 Oterra A/S

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

Table 1.             APAC Natural Food Colors Market –Revenue and Forecast To 2028 (US$ Million)

Table 2.             Australia Natural Food Colors Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Australia Natural Food Colors Market, by Form – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Australia Natural Food Colors Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 5.             China Natural Food Colors Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 6.             China Natural Food Colors Market, by Form – Revenue and Forecast to 2028 (US$ Million)

Table 7.             China Natural Food Colors Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8.             India Natural Food Colors Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 9.             India Natural Food Colors Market, by Form – Revenue and Forecast to 2028 (US$ Million)

Table 10.          India Natural Food Colors Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Japan Natural Food Colors Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 12.          Japan Natural Food Colors Market, by Form – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Japan Natural Food Colors Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 14.          South Korea Natural Food Colors Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 15.          South Korea Natural Food Colors Market, by Form – Revenue and Forecast to 2028 (US$ Million)

Table 16.          South Korea Natural Food Colors Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Rest of Asia Pacific Natural Food Colors Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of Asia Pacific Natural Food Colors Market, by Form – Revenue and Forecast to 2028 (US$ Million)

Table 19.          Rest of Asia Pacific Natural Food Colors Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 20.          Glossary of Terms, Natural Food Colors Market

Figure 1.           APAC Natural Food Colors Market Segmentation

Figure 2.           APAC Natural Food Colors Market Segmentation – By Country

Figure 3.           APAC Natural Food Colors Market Overview

Figure 4.           APAC Natural Food Colors Market, by Form

Figure 5.           APAC Natural Food Colors Market, by Country

Figure 6.           Porter’s Five Forces Analysis

Figure 7.           APAC Natural Food Colors Market Impact Analysis of Drivers and Restraints

Figure 8.           APAC: Natural Food Colors Market – Revenue and Forecast To 2028 (US$ Million)

Figure 9.           APAC Natural Food Colors Market Revenue Share, by Type (2021 and 2028)

Figure 10.        APAC Carmine: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        APAC Anthocyanins: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        APAC Caramel: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        APAC Curcumin: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        APAC Annatto: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        APAC Carotenoids: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        APAC Chlorophyll: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        APAC Others: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        APAC Natural Food Colors Market Revenue Share by Form (2021 and 2028)

Figure 19.        APAC Liquid & Gel: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        APAC Powder: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        APAC Natural Food Colors Market Revenue Share, by Type (2021 and 2028)

Figure 22.        APAC Bakery and Confectionery: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        APAC Dairy and Frozen Desserts: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        APAC Beverages: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        APAC Sauces, Dressings and Condiments: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        APAC RTC and RTE Products: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        APAC Meat, Poultry and Seafood: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        APAC Others: Natural Food Colors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        APAC: Natural Food Colors Market, by Key Country – Revenue (2021) (US$ Million)

Figure 30.        Asia Pacific: Natural Food Colors Market Revenue Share, by Key Country (2021 and 2028)

Figure 31.        Australia: Natural Food Colors Market–Revenue and Forecast to 2028 (US$ Million)

Figure 32.        China: Natural Food Colors Market–Revenue and Forecast to 2028 (US$ Million)

Figure 33.        India: Natural Food Colors Market–Revenue and Forecast to 2028 (US$ Million)

Figure 34.        Japan: Natural Food Colors Market–Revenue and Forecast to 2028 (US$ Million)

Figure 35.        South Korea: Natural Food Colors Market–Revenue and Forecast to 2028 (US$ Million)

Figure 36.          Rest of Asia Pacific: Natural Food Colors Market–Revenue and Forecast to 2028 (US$ Million)

● Archer Daniels Midland Company

● BASF SE

● Döhler Group

● DuPont

● Givaudan S.A.

● Koninklijke DSM N.V.

● Naturex S.A.

● Oterra A/S

● Sensient Technologies Corporation

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC natural food colors market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the APAC natural food colors market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the natural food colors market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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