(Entertainment-NewsWire.com, December 16, 2016 ) According to the report "Food Colors Market" published by Market Data Forecast, the global market is projected to reach USD 3544.33Million by 2021, at a CAGR of 8.2% from 2016 to 2021.
Natural or synthetic food colours can be used in several food industries. Primarily, synthetic colours lead the market, though natural colours were at a preliminary phase.Players in the market contend on the basis of aspects such as quality, sturdiness, flavour and the colour variations and brightness of the product.
Rising consumption for packed, ready-to-eat meals, confectionery and baked goods, particularly in the developing countries is driving the use of food colours.The market is driven by the natural colours and is anticipated to grow faster than the synthetic and nature identical colours.The market is also fuelled by effortlessly available raw materials which comprises of fruits & vegetables.
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), RohaDyechem, 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.).
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