The global oil dispersible color market size is expected to reach USD 1.2
billion by 2025, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 5.8% over the forecast period. Increasing number of
confectionary and bakery products and Rise in the demand for food and beverages
are likely to fuel the market growth in the upcoming years.
Shifting inclination towards environment
friendly products and stringent government regulations on food safety are some
of the factors that drive the global market. Technology advancements have been
contributing significantly to the market growth. The natural product segment
emerged as the largest segment in 2018 due to increase in awareness related to
harmful effects of artificial colors.
For instance, in 2016, DDW, the largest
producer of natural colors, have launched a new natural oil dispersible color derived
from a non-GMO purple corn hybrid that is mostly cultivated in U.S.
Technological advancements, coupled with growing demand for natural colors, are
expected to drive the demand for natural oil dispersible color over the
forecast period.
The food and beverages segment was the
largest application segment in 2018. Increase in demand for bakery products and
beverages is anticipated to drive the segment in the upcoming years. Rising
demand for flavored frozen and dairy products has also fueled the segment
growth. The pharmaceuticals segment is estimated to witness growth during the
forecast period owing to increase in product demand in the pharmaceutical
industry.
Europe was the largest regional market in
2018 owing to increasing demand for natural food color owing to stringent food
safety regulations. Many countries of Europe have been the largest exporters of
bakery and confectionary products. Belgium was found to be one of the largest
producers of chocolates and candies in Europe. This, in turn, will boost demand
for oil dispersible color in the region. Asia Pacific is estimated to be the
fastest growing market for oil dispersible color due to increase in awareness
related to negative effects of artificial coloring and growing demand from the
cosmetic and pharmaceutical industries.
Access Research Report of Oil Dispersible Color
Market @ https://www.grandviewresearch.com/industry-analysis/oil-dispersible-color-market
Further key findings from the report suggest:
· The natural product segment dominated the
global oil dispersible color market with an overall revenue share of 81.8% in
2018. The synthetic segment is anticipated to ascend at a CAGR of 4.9% over the
forecast period
· The food and beverages application segment
was valued at USD 478.5 million in 2018 and is projected to exhibit high growth
in the next few years
· Asia Pacific is anticipated to be the
fastest growing market, expanding at a CAGR of 7.0% during the forecast period.
China is the largest consumer due to growing demand from the food and beverages
industry
· Key industry players include DDW The Colour
House; Archer Daniels Midland; Naturex; Chr. Hansen Holding A/S; Symrise; GNT
International B.V.; Sensient Technologies Corporation; McCormick; Kalsec, Inc.;
San-Ei Gen; and Colour Garden
· Various manufacturers are concentrating on
new product launches, capacity expansion, and technological innovation to
estimate existing and future demand patterns from upcoming product segments.
Grand View Research has segmented the
global oil dispersible color market by product, application, and region:
Oil Dispersible Color Product Outlook
(Revenue, USD Million, 2015 - 2025)
·
Natural
·
Synthetic
Oil Dispersible Color Application
Outlook (Revenue, USD Million, 2015 - 2025)
·
Food & Beverages
·
Personal Care
·
Pharmaceuticals
Oil Dispersible Color Regional Outlook
(Revenue, USD Million, 2015 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
India
·
Central & South America
o
Brazil
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is
a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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