Product Code: PM3966
The global lake food colors market size is expected to reach USD 476.24 million by 2032, according to a new study by Polaris Market Research. The report "Lake Food Colors Market Share, Size, Trends, Industry Analysis Report, By Color Type (Red Color, Yellow Color, Tartrazine Color, and Others); By Form; By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increase in the demand for food colors derived from natural sources that align with emerging trend of natural and organic food & beverage products and surging consumer preferences for specific colors and color combinations in various products, are among the prominent factors influencing the global market growth. In addition, the rising number of stringent regulations and safety standards for food additives and colorants that have fueled the adoption of lake food colors, as they are considered safe for consumption and meet regulatory requirements in many regions.
For instance, in April 2023, Sensient Technologies, announced that they have developed a natural green colorant application for the pet food applications. The new color solution is cost-effective and adheres to the Association of American Feed Control standards for natural pet food products.
The exponential rise of e-commerce and online retail channels providing lucrative opportunities for manufacturers around the world to showcase their products to a global audience and boost their sales and revenue. As, eye-catching colors with innovative characteristics and properties could become a valuable asset in online marketing and sales for manufacturers, thereby, generating huge growth potential for the market over the next coming years.
For instance, as per a recent report published by Hostinger, more than 2.3 million people were expected to buy goods and services online in 2022, which makes of around 28% of the worldwide population. The United States has over 268 million digital buyers in 2022, which is projected to reach 285 million by 2025.
In the recent years, some companies have started focusing on offering customized lake color solutions to food manufacturers that allow them to tailor the various color shades to meet their specific product requirements and enabling the creation of unique and attractive shades for various food and beverage products.
Lake Food Colors Market Report Highlights
- Red color segment accounted for noteworthy share, on account of increasing consumer preferences for bright colored food products & beverages worldwide
- Powder segment held the majority market share, mainly due to its several advantageous characteristics including cost-effectiveness and longer shelf-life
- Beverages segment will grow at highest pace, mainly attributable to surge in the consumption of beverages and continuous innovations in their formulations and flavors
- North America dominated the global market with noteworthy share, owing to region's high spending capacity on convenience and ready-to-eat food products
- The key market players include Archer Daniels Midland, Sensient Technologies, Kalsec, Alliance Organics, The Colour House, and DSM
Polaris Market Research has segmented the lake food colors market report based on color type, form, application, and region:
Lake Food Colors, Color Type Outlook (Revenue - USD Million, 2023 - 2032)
- Red Color
- Yellow Color
- Tartrazine Color
- Others
Lake Food Colors, Form Outlook (Revenue - USD Million, 2023 - 2032)
Lake Food Colors, Application Outlook (Revenue - USD Million, 2023 - 2032)
- Beverages
- Bakery Products
- Dairy Products
- Desserts
- Seasonings
- Pet Foods
- Others
Lake Food Colors, Regional Outlook (Revenue - USD Million, 2023 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Lake Food Colors Market Insights
- 4.1. Lake Food Colors Market - Application Snapshot
- 4.2. Lake Food Colors Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Clean Label Trends
- 4.2.1.2. Innovations in Food Processing
- 4.2.2. Restraints and Challenges
- 4.2.2.1. The manufacturing process of Lake food colors can be expensive
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Lake Food Colors Market Application Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Lake Food Colors Market, by Color Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 5.3. Red Color
- 5.3.1. Global Lake Food Colors Market, by Red Color, by Region, 2019-2032 (USD Million)
- 5.4. Yellow Color
- 5.4.1. Global Lake Food Colors Market, by Yellow Color, by Region, 2019-2032 (USD Million)
- 5.5. Tartrazine Color
- 5.5.1. Global Lake Food Colors Market, by Tartrazine Color, by Region, 2019-2032 (USD Million)
- 5.6. Others
- 5.6.1. Global Lake Food Colors Market, by Others, by Region, 2019-2032 (USD Million)
6. Global Lake Food Colors Market, by Form
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 6.3. Powder
- 6.3.1. Global Lake Food Colors Market, by Powder, by Region, 2019-2032 (USD Million)
- 6.4. Liquid
- 6.4.1. Global Lake Food Colors Market, by Liquid, by Region, 2019-2032 (USD Million)
7. Global Lake Food Colors Market, by Application
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 7.3. Beverages
- 7.3.1. Global Lake Food Colors Market, by Beverages, By Region, 2019-2032 (USD Million)
- 7.4. Bakery Products
- 7.4.1. Global Lake Food Colors Market, by Bakery Products, By Region, 2019-2032 (USD Million)
- 7.5. Dairy Products
- 7.5.1. Global Lake Food Colors Market, by Dairy Products, By Region, 2019-2032 (USD Million)
- 7.6. Desserts
- 7.6.1. Global Lake Food Colors Market, by Desserts, By Region, 2019-2032 (USD Million)
- 7.7. Seasonings
- 7.7.1. Global Lake Food Colors Market, by Seasonings, By Region, 2019-2032 (USD Million)
- 7.8. Pet Foods
- 7.8.1. Global Lake Food Colors Market, by Pet Foods, By Region, 2019-2032 (USD Million)
- 7.9. Others
- 7.9.1. Global Lake Food Colors Market, by Others, By Region, 2019-2032 (USD Million)
8. Global Lake Food Colors Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Lake Food Colors Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Lake Food Colors Market - North America
- 8.3.1. North America: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.3.2. North America: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.3.3. North America: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.3.4. Lake Food Colors Market - U.S.
- 8.3.4.1. U.S.: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.3.5. Lake Food Colors Market - Canada
- 8.3.5.1. Canada: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.4. Lake Food Colors Market - Europe
- 8.4.1. Europe: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.4.2. Europe.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.4.3. Europe: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.4.4. Lake Food Colors Market - UK
- 8.4.4.1. UK: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.4.4.3. UK: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.4.5. Lake Food Colors Market - France
- 8.4.5.1. France: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.4.5.2. France.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.4.5.3. France: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.4.6. Lake Food Colors Market - Germany
- 8.4.6.1. Germany: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.4.7. Lake Food Colors Market - Italy
- 8.4.7.1. Italy: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.4.8. Lake Food Colors Market - Spain
- 8.4.8.1. Spain: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.4.9. Lake Food Colors Market - Netherlands
- 8.4.9.1. Netherlands: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.4.10. Lake Food Colors Market - Russia
- 8.4.10.1. Russia: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.5. Lake Food Colors Market - Asia Pacific
- 8.5.1. Asia Pacific: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.5.4. Lake Food Colors Market - China
- 8.5.4.1. China: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.5.4.2. China.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.5.4.3. China: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.5.5. Lake Food Colors Market - India
- 8.5.5.1. India: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.5.5.2. India.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.5.5.3. India: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.5.6. Lake Food Colors Market - Malaysia
- 8.5.6.1. Malaysia: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.5.7. Lake Food Colors Market - Japan
- 8.5.7.1. Japan: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.5.8. Lake Food Colors Market - Indonesia
- 8.5.8.1. Indonesia: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.5.9. Lake Food Colors Market - South Korea
- 8.5.9.1. South Korea: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.6. Lake Food Colors Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.6.4. Lake Food Colors Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.6.5. Lake Food Colors Market - UAE
- 8.6.5.1. UAE: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.6.6. Lake Food Colors Market - Israel
- 8.6.6.1. Israel: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.6.7. Lake Food Colors Market - South Africa
- 8.6.7.1. South Africa: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.7. Lake Food Colors Market - Latin America
- 8.7.1. Latin America: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.7.3. Latin America: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.7.4. Lake Food Colors Market - Mexico
- 8.7.4.1. Mexico: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.7.5. Lake Food Colors Market - Brazil
- 8.7.5.1. Brazil: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
- 8.7.6. Lake Food Colors Market - Argentina
- 8.7.6.1. Argentina: Lake Food Colors Market, by Color Type, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Lake Food Colors Market, by Application, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Lake Food Colors Market, by Form, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Alliance Organics LLP
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Archer Daniels Midland
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Chromatech Incorporated
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. DSM
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. EMCO Dyestuff
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Florio Colori
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Horizon Specialities Ltd.
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Ingredion Inc.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Kalsec Inc.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. LycoRed
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Nactarome SpA
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Naturex
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Sensient Technologies
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Sunfoodtech
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. The Colour House Corporation
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. Vipul Organics Ltd.
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development