Americas Hold the Largest Market Share in the Food Colors Market:
In 2017, Americas region holds the largest market share in the Food Colors Market However, the Asia-Pacific region holds the highest growth rate in the Food Colors Market by 2023 The growth in APAC region is owing to the high demand from emerging economies such as India, China, South Korea, and others. In addition, the increase in consumer expenditures in these countries for food & beverages leads to the increased use of natural food coloring, thereby driving the food color market. The key applications in this region include beverages and confectionery among others.
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Excerpts on Food Colors Market Growth Factors:
• The increasing emphasis on health and the rising consciousness about serious health hazards of synthetic colors are primarily driving the natural food colors market globally.
• The market for carbonated soft drinks and non-alcoholic beverages are anticipated to witness largest growth rate of over 6% during the forecast period.
• The meat products segment will account for the highest share in the Food Coloring Market, registering a CAGR of 10.4% during the forecast period. This segment has been driven by its increased daily consumers.
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