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Natural Food Colors Market Trends, Regulations and Competitive Landscape Outlook by 2033
According to Future Market Insights (FMI), the natural food colors market is likely to reach a valuation of US$ 1.7 billion in 2023. From 2023 to 2033, a robust 7.2% CAGR is likely to propel the market to a valuation of US$ 3.3 billion in 2033.
Color has a profound impact on how people feel about food. It is considered to be the most important product-intrinsic sensory signal when it comes to affecting people’s judgements of the likely flavor and taste of food and beverages.
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Color-giving substances were initially produced in domestic kitchens from locally grown plants or already-existing natural sources. Due to the industrialization of food production, food colors that were reliable across all production batches and stable for the duration of products’ shelf lives were needed.
Recent years have seen rapid expansion across a wide range of industries, thanks to the global economy’s adoption of digitization. Due to rising internet usage among consumers and the simplicity of online transactions, several natural food color producers are choosing online channels for their product promotion and sales. Consumers also favor making purchases from online merchants, which encourages businesses to strengthen their online presence.
“The only pertinent challenge that market players have to overcome involves the pricing of natural food colors. As of now, natural food colors are more expensive than synthetic variants. However, in the coming years, increasing investments in research & development should allow players to offer competitively-priced products to consumers.” –Nandini Roy Choudhury, Client Partner at Future Market Insights
Key Takeaways from the Natural Food Colors Market Study
• The global market for natural food colors is likely to be valued at US$ 1.7 billion in 2023.
• A positive 7.2% CAGR is anticipated to drive market acceleration from 2023 to 2033.
• In 2033, FMI expects the global market to attain a valuation of US$ 3.3 billion.
• The United States market is slated to emerge as the most dominant force in North America between 2023 and 2033.
• In Asia, the likes of China, India, and Japan are set to make significant contributions and propel the global market.
Who is Winning?
Due to the rising demand for natural food colors, several leading manufacturers are focusing on offering it at the best possible pricing. To increase their market share and manufacturing capacity while expanding their industrial footprints, businesses are relying on integrated production methods. Leading producers of natural food colors are investing in employing multiple raw materials so that they can diversify production.
Leading players operating in the natural food colors market are Archer Daniels Midland, Sensient Technologies Corporation, Döhler GmbH, Symrise AG, Naturex S.A., Kalsec Inc., DDW The Color House Corporation, Chr. Hansen Holding A/S, McCormick & Company, Aakash Chemicals and Dyestuffs, San-Ei Gen F.FI Inc., ROHA Dyechem Pvt. Ltd. (JJT Group), GNT International BV (EXBERRY), Adama Agricultural Solutions Ltd. (LycoRed), and AFIS (Australian Food Ingredient Suppliers).
Natural Food Colors Market by Category
By Pigment Type:
• Carotenoid
o Beta carotene
o Annatto
o Lutein
o Lycopene
• Curcumin
• Anthocyanin
• Paprika extract
• Spirulina extract
• Chlorophyll
• Carmine
By Functionality:
• Dairy Food Products
• Beverages
• Packaged Food/Frozen Products
• Confectionery and Bakery Products
By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

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Maltodextrin Market Proposal, Demand And Trade Analysis 2031
global maltodextrin market will reach US$ 3.61 Bn in 2021. Surging application of maltodextrin across cosmetics & personal care, pharmaceuticals, and daily & fine chemicals is propelling the demand in the market. Driven by this, the market is expected to total US$ 5.87 Bn by 2031, expanding at a CAGR of 5% during the forecast period 2021-2031.
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Maltodextrin is gaining traction in the food & beverages industry. It is extensively being used as thickener, stabilizer, and filling agent for manufacturing various products such as soft and instant drinks, ice cream, and gelatins owing to its excellent texturizing, emulsifying, and non-crystallizing properties. Hence, increasing demand for the aforementioned products is estimated to create lucrative sales opportunities in the market.
A number of players in the market are focusing on expanding their production capacity to capitalize on these opportunities. For instance, Cargil, Inc., announced investing US$ 40 Mn to expand its production facility in Davangere, Karnataka in 2018. This will assist the company to increase its production of maltodextrin, glucose, and starches from 800 TPD to 1200 TPD. A multiplicity of such developments is anticipated to drive the demand by 4.8% year-on-year growth in 2021.
Among source verticals, the corn-based segment is projected to outpace the others, expanding at 4.3% CAGR over the assessment period. The primary factor driving the market is increasing demand for low-cost food additives to improve the flavor, texture, shelf life of foods.
“Increasing demand for powdered sugar substitutes and approval on using maltodextrin in baby food products and sports nutrition by Delegated Regulation No. 2016/127 in European Union are expected to accelerate the growth in the market,” Nandini Roy Choudhury, Client Partner at Future Market Insights
Key Takeaways from Maltodextrin Market Study
• The market in the U.S. is anticipated to account for the dominant share in North America, surging at a CAGR of 4.3% during the assessment period.
• Sales in the Europe market are forecast to expand at 3.8% CAGR through 2031, owing to the increasing demand for sports beverage products in Germany, France, and the U.K.
• China is expected to emerge as a highly remunerative market, creating incremental opportunities of US$ 413.6 Mn by the end of 2021.
• India is projected to hold a significant share in the Asia Pacific market, accounting for nearly 23.6% of the sales in the region in 2021.
• In terms of form, the spray dried powder segment is estimated to lead the market, accounting for around 63% of the demand share between 2021 and 2031.
Key Drivers
• Increasing use of maltodextrin as diluents in sachets and single-unit dose formulations across the pharmaceuticals sector owing to its intrinsic polymeric structure is increasing the sales in the pharmaceuticals industry.
• Rising application of corn-based maltodextrin in the production of baby food products as it helps in balancing intestinal osmolality and maximizing hydration in infants is propelling the demand across the corn-based segment.
Key Restraints
• Side effects associated with the consumption of maltodextrins such as weight gain, bloating, allergic reaction, rashes, gas, cramping, and others are hampering the demand in the market.
• Availability of large number of substitutes such as agar, gaur, gum, stevia, pectin, and others is hindering the sales of maltodextrin.
Competitive Landscape
As per FMI, the top 10 companies in the global maltodextrin market account for around 30% to 50% of the market share in 2021.
Leading players are focusing on introducing novel products to gain competitive edge. Apart from this, some of the manufacturers are engaging into strategic collaboration, merger, agreement, partnership, and acquisition to expand their production capacity and strengthen their market footprints. For instance,
• In 2021 Cargill, an American privately held global food corporation, announced extending its current product portfolio by launching a new rice flour-based maltodextrin substitute, SimPure. It improve mouthfeel and can be used as a one-to-one substitute for maltodextrin.
• In 2018, Archer Daniels Midland Company (ADM), an American multinational food processing announced entering into a partnership with manufacturer of fermentation-based food additive, Vedan International to offer a line of specialty tapioca maltodextrin and tapioca starches components. This partnership will assist both the companies to strengthen their footprint in the maltodextrin market.
Some of the key players operating in the market profiled by FMI are:
• Grain Processing Corp
• Roquette
• Cargill Inc.
• Matsutani
• Archer Daniels Midland Company (ADM),
• Ingredion
• Tate and Lyle
• Agrana Group
• Avebe
• Nowamyl
• Others
More Valuable Insights on Maltodextrin Market
A new report published by FMI offers a detailed analysis of the global maltodextrin market, uncovering vital dynamics accelerating the market growth through 2021 and beyond. The survey also forecast sales projections for maltodextrin market with detailed segmentation:
By Source:
• Corn-Based
• Wheat-Based
• Potato-Based
• Cassava-Based
• Others (Rice, Banana)
By Form:
• Spray-Dried Powder
• “Instantized” / Agglomerated**
By Application:
• Food and Beverages
• Cosmetics and Personal Care
• Pharmaceuticals
• Daily and Fine Chemicals
• Others
Region:
• North America
• Latin America
• Europe
• Asia Pacific
• MEA