Published on : Dec 05, 2018
Albany, New York, December 4, 2018: Adulteration in food colors, synthetic and chemical ingredients have had its repercussions in the health of the consumers. However, consumers’ preference has shifted to natural food colors which has given high hopes for the market. In the midst of rising awareness regarding health of the people and the manufacturers filing plethora of petitions, governments across the globe have pitched for the inclusion of ‘exempted natural color pigments.’ These assimilations are according to the report titled, “Natural Food Colors Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,” which has been lately added to the repository of Market Research Hub (MRH). According to the study, natural food colors market is set to attain a CAGR of 6.5% during the assessment period.
Natural food colors market is touted to witness a robust growth in the APEJ market covering around 30% of the total share of the natural food colors market with regards to revenue. Moreover, government’s uplift on the use of natural food colors in food and beverages is projected to bolster the market. Whereas, India and China are set to expect the surge in demand of the natural food colors during later years of the assessment period.
Manufacturers are vying for new source of natural food color which is cost-effective. Further, strategies adopted by manufacturers are effective supply chain management and sustainability. Given the traction of consumers towards the design and taste of products, manufacturers are bringing products with exquisite deign and better taste.
Natural Food Colors Market: Report Content
The report provides a coherent analysis on the natural food colors market. Besides, the report delves into the drivers spurring the growth of the natural food colors market along with restraints challenging the market. In addition, the report peruses opportunities and trends in the market.
The market has been segmented to provide a thorough analysis of the market. The market has been segmented on the basis of pigment type, application and region. Further, the report also includes Porters’ five forces analysis, PEST analysis, cost structure analysis and projection of regions to provide readers a flawless report.
The final section of the report furnishes an assessment on the competitive landscape of the market, thereby providing market share insights of prominent companies and manufacturers across the value chain.
Natural Food Colors Market: Research Methodology
An exhaustive research methodology has been embraced with regards to providing a research approach incorporating of secondary and primary research. The insights in the report is the result of an in-depth secondary research, primary interviews and in-house reviews by panel of experts. One of the unique features of this report is that analysis has been done on the basis of absolute dollar opportunity which is often shunned while projecting the market. Data triangulation has been prepared on the basis of secondary and primary research.
The secondary research embodies companies’ annual reports and publication, Factiva & Hoovers. The primary research embodies face to face interviews, phonic interviews and e-mail interaction. To furnish the readers with an unbiased report, a panel of expert analyzes the data collected from various sources.
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