South America Natural Food Colors Market Forecast to 2028

South America 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 : BMIRE00027680 | Region : LAMEA | Industry : Food and Beverages | Published Date : 19/Dec/2022

The natural food colors market in SAM is expected to grow from US$ 108.33 million in 2022 to US$ 132.56 million by 2028. It is estimated to grow at a CAGR of 3.4% from 2022 to 2028.

Increasing Consumer Proclivity Towards Clean Label Products

Many people believe that food and beverage products are healthier only when they have a label with recognizable ingredients. The food and beverage industry has entered a phase of clean label products, which has led manufacturers to adopt natural food colors in order to gain a competitive edge. Clean label products also attract more number of customers, as they are more comfortable in consuming products with known ingredients. Other factors such as increasing health awareness and increasing spending power of consumers have also created a rise in food with natural ingredients and clean label products. According to Clean Label Alliance, a minimum of 75% people are ready to pay high prices for clean label products. This can be attributed to the fact that these products are minimally processed, eco-friendly and organic. The market for natural food colors is expected to grow during the forecast period, as there has been a constantly growing consumer preference for clean label products. Consumers proclivity towards clean labelled products are rising due to the rise in health awareness and food adulteration. This results in consumers looking to the labels before purchasing any products. This factor is expected to be a crucial driver for the demand growth of natural food colors.

Market Overview

According to Natural Food Colors Food Association (NATCOL), the consumer request for natural solutions and products containing natural colorants in SAM was 57 % in 2019-2020. Annatto color is derived from annatto seeds, which are grown extensively in tropical countries such as Brazil, Peru, or Ecuador. Latin America produces 60 % of total world production of annatto seeds. According to Peruvian Embassy to the UK, Peru has a 95 % share of the international carmine production market. In past few decades, SAM has witnessed shift in overall beverage consumption patterns, along with the growth of food processing industry in parallel with the expansion of supermarkets. These factors have provided consumers with variety of choices for dairy beverages and soft drinks. PepsiCo, Inc. expanded its presence in Mexico and constructed a production plant in Guanajuato. This increasing demand of soft drinks, rapid expansion of beverage industry, and rising awareness of health hazards of food additives are anticipated to fuel the natural food colors market in SAM.

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

SAM Natural Food Colors Market Segmentation

The SAM 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 SAM 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 SAM 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 Brazil, Argentina, and the Rest of SAM. Brazil 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 3.4% CAGR, the SAM Natural Food Colors Market is speculated to be worth US$ 132.56 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the SAM natural food colors market was valued at US$ 108.33 million in 2022 and is expected to reach US$ 132.56 million by 2028, registering a CAGR of 3.4% from 2022 to 2028. Rising consumer concerns about synthetic ingredients and increasing consumer proclivity towards clean label products are the critical factors attributed to the market expansion.

The food & beverages industry has witnessed significant growth for natural food color, owing to the rising concerns pertaining to the use of synthetic food colors. Food colors are used in both commercial food production and domestic cooking. They are also used in a variety of pharmaceutical applications and cosmetics. Synthetic food colors contain cancer causing, toxic contaminants that result in increased inflammation and disrupts the functioning of the immune system. Several studies suggest that it may also lead to cancerous tumor. Synthetic food colors are of low cost and have an improved and attractive appearance, but they also cause hypersensitivity in children. Furthermore, FDA has also reported synthetic colors to be showing signs of cancer in young children. For instance, in soft drinks, the caffeine is used as a color and it may cause heart problems. Thus, the rising consumer concerns about synthetic ingredients are estimated to drive the market growth of natural food colors.

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

Based on type, the SAM natural food colors market is segmented into carmine, anthocyanins, caramel, curcumin, annatto, carotenoids, chlorophyll, and others. The carotenoids segment held 30.1% market share in 2022, amassing US$ 32.65 million. It is projected to garner US$ 40.19million by 2028 to expand at 3.5% CAGR during 2022–2028.

Based on form, the SAM natural food colors market is segmented into liquid & gel and powder. The liquid & gel segment held 53.1% market share in 2022, amassing US$ 57.47 million. It is projected to garner US$ 70.88 million by 2028 to expand at 3.6% CAGR during 2022–2028.

Based on application, the SAM 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 30.2% market share in 2022, amassing US$ 32.71 million. It is projected to garner US$ 40.76 million by 2028 to expand at 3.7% CAGR during 2022–2028.

Based on country, the SAM natural food colors market is segmented into Brazil, Argentina, and the Rest of SAM. Our regional analysis states that Brazil captured 53.0% market share in 2022. It was assessed at US$ 57.42 million in 2022 and is likely to hit US$ 74.93 million by 2028, exhibiting a CAGR of 4.5% during the forecast period.

Key players dominating the SAM 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.

TABLE OF CONTENTS

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. SAM 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. SAM 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– SAM Analysis

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

7. SAM Natural Food Colors Market Analysis – by Type

7.1 Overview

7.2 SAM 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. SAM Natural Food Colors Market Analysis – by Form

8.1 Overview

8.2 SAM 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. SAM Natural Food Colors Market Analysis – by Application

9.1 Overview

9.2 SAM 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. SAM Natural Food Colors Market– Country Analysis

10.1 Overview

10.1.1 SAM: Natural Food Colors Market, by Key Country

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

10.1.1.1.1 Brazil: Natural Food Colors Market, By Type

10.1.1.1.2 Brazil: Natural Food Colors Market, by Form

10.1.1.1.3 Brazil: Natural Food Colors Market, by Application

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

10.1.1.2.1 Argentina: Natural Food Colors Market, By Type

10.1.1.2.2 Argentina: Natural Food Colors Market, by Form

10.1.1.2.3 Argentina: Natural Food Colors Market, by Application

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

10.1.1.3.1 Rest of SAM: Natural Food Colors Market, By Type

10.1.1.3.2 Rest of SAM: Natural Food Colors Market, by Form

10.1.1.3.3 Rest of SAM: 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

LIST OF TABLES.

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

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

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

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

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

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

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

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

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

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

Table 11. Glossary of Terms, Natural Food Colors Market

LIST OF FIGURES.

Figure 1. SAM Natural Food Colors Market Segmentation

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

Figure 3. SAM Natural Food Colors Market Overview

Figure 4. SAM Natural Food Colors Market, by Form

Figure 5. SAM Natural Food Colors Market, by Country

Figure 6. Porter’s Five Forces Analysis

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 33. Rest of SAM: 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 SAM 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 SAM 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 SAM 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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