Food colour is always an important determinant which indicates the freshness and safety of the food as well as represents good aesthetic & sensorial values. A well-textured food, which is rich in nutrients & flavour needs the right colour to become eatable. Edible pigments are basically used as additives, colour intensifiers, and antioxidants in the food & beverage and pharmaceutical industries. These can be categorized into natural or synthetic based on their source or origin. The natural edible pigment is normally extracted from plant roots, stems, flowers, leaves, fruits, animals, and microorganisms. Synthetic edible pigments are artificially made by using different chemicals and dyes.
MARKET DYNAMICS
The rise in demand for different commercial products from the food & beverage industry, such as cold drinks, ketchup, confectionery products, and others are going to drive the edible pigment market. Apart from this factor, the fast-growing healthcare sector is proving to be another supporting factor for the growth of the market. However, strict regulations that are associated with synthetic edible pigments hamper the market growth. In this present scenario, natural edible pigments are in demand as they are completely safe as a food additive and are relatively free from any harmful side effects, thus, offering great opportunities for the growth of the market.
MARKET SCOPE
The "Global Edible Pigment Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the edible pigment market with detailed market segmentation by type, application, and geography. The global edible pigment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading edible pigment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global edible pigment market is segmented on the basis of type and application. On the basis of type the market is segmented into natural edible pigment and synthetic edible pigment. On the basis of application the market is segmented into food and beverage, and pharmaceutical.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the edible pigment market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The edible pigment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting edible pigment market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting edible pigment market in these regions.
MARKET PLAYERS
The reports cover key developments in the edible pigment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from edible pigment market are anticipated to lucrative growth opportunities in the future with the rising demand for edible pigment in the global market. Below mentioned is the list of few companies engaged in the edible pigment market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the edible pigment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Clariant AG
- Huntsman Corporation
- Jeco Group
- Lily Group Co.,Ltd.
- Sudarshan Chemical Industries Limited
- DIC
- North American Chemical
- Heubach Group
- TOYOCHEM CO., LTD.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.