Global Food and Beverages Color Fixing Agents Market, By Product Type (Sodium Nitrite, Sodium Nitrate, Potassium Nitrite, Potassium Nitrate, Others), Application (Beverages, Meat, Poultry and Fish, Bakery, Dairy, Others) – Industry Trends and Forecast to 2030.
Food and Beverages Color Fixing Agents Market Analysis and Size
The global food and beverages color fixing agents market is expected to grow significantly during the forecast period because of the rapidly growing food and beverages industry. In the food and beverages industry, coloring agents have long been used to maintain and impart color stability over the long shelf life of products. Food and beverage color-fixing agents are mainly used as food preservatives in several foods, such as poultry, fish, bakery, meat, and dairy products. Furthermore, increasing demand for healthy and nutritious food products will catalyze the food and beverages color-fixing agents market trends in upcoming years.
Data Bridge Market Research analyses that the food and beverages color fixing agents market is expected to reach USD 3.67 billion by 2030, which was USD 2.50 billion in 2022, registering a CAGR of 4.90% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Food and Beverages Color Fixing Agents Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Sodium Nitrite, Sodium Nitrate, Potassium Nitrite, Potassium Nitrate, Others), Application (Beverages, Meat, Poultry and Fish, Bakery, Dairy, Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Merck KGaA (U.S.), Spectrum Chemical (U.S.), Yara (Norway), Mitsubishi Chemical Corporation (Japan), Akzo Nobel N.V. (Netherlands), ADM (U.S.), Sensient Technologies Corporation (U.S.), BASF SE (Germany), Airedale Chemical Company Limited (U.K.), Aldon Corporation (U.S.), Vinayak Corporation (India), Symrise (Germany), NATUREX (France)
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Market Opportunities
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Market Definition
The food and beverages color fixing agents market includes establishments mainly manufacturing color fixers and other food additives to produce food products. These may impart an artificial or natural color, appearance, or flavor to foods and beverages without substantially affecting their nutritional value. The agents are generally added at the start of the process when raw materials convert into a finished product, so they do not lose their uniqueness.
Global Food and Beverages Color Fixing Agents Market Dynamics
Drivers
- Increasing demand for sodium nitrite in food and beverages color-fixing agents
During the forecast period, sodium nitrite will have the largest share in the food and beverages color-fixing agents. This can be mainly attributed to the availability of sodium nitrite product and their high usage in the meat industry. Growing demand for processed meat is expected to increase the demand for sodium nitrite, which will eventually enhance the growth of the food and beverages color-fixing agents market during the forecast timespan.
- Growing application of food and beverages color fixing agents in the poultry and fish segment
Poultry and fish are the major product application segment and are projected to grow at a healthy rate during the forecast period. This can be attributed to the increasing consumer awareness regarding healthy nutrition. As per the report by FAO, global fish production was 154 million tonnes in 2011, surpassing 175 million tonnes in 2018, and is estimated to grow significantly in the upcoming period. Color fixing agents are used in fsh segemnet to preserve color and taste of the fish. As a result of high product demand from poultry and fish application, food and beverage color-fixing agents are expected to grow.
Opportunities
- Increasing introduction of new favorable initiatives and plans for organic aquaculture
Organic aquaculture has been gaining high traction because of new favorable initiatives, thus supporting the manufacturers of food and beverage color-fixing agents for foods such as processed fish products. For instance, an action plan introduced in 2021 aimed to increase the EU's consumption and manufacture of organic products and aquaculture. The plan puts onward 23 actions structured about 3 axes, such as boosting consumption, raising production, and improving the sector's sustainability. As a result of all these factors creates ample opportunities for manufacturers in the food and beverages color fixing agents market.
Restraints/ Challenges
- Stringent regulations associated with the application of food and beverages color fixing agents
Stringent rules and regulations associated with using color-fixing agents in food applications will likely hamper the growth of the food and beverages color-fixing agents market over the forecast period. The usage of color fixing agents is regulated by various regulatory agencies such as FSAI and FDA. These regulating authorities standardize the product presence in the final product.
- High cost of food and beverages color fixing agents
The high cost of food and beverage color-fixing agents is expected to obstruct the market's growth during the forecast period. The high cost of food and beverage color fixing agents manufacturing and technology related to it may adversely impact the food and beverages color fixing agents market during the forecast timespan.
This food and beverages color fixing agents market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the food and beverages color fixing agents market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In 2019, Givaudan launched vegemite ultimate spirulina food cooling to fulfill the increasing demand for natural green and blue shades in the confectionary and beverages industry.
- In 2019, Mitsubishi Chemical Corporation expanded the annual manufacturing capacity of ethylene vinyl alcohol copolymer from 3000 to 41000 tons through its subsidiary named Noltex till 2020. Ethylene vinyl alcohol copolymer is used to produce packaging materials that increase food quality.
Global Food and Beverages Color Fixing Agents Market Scope
The food and beverages color fixing agents market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Sodium Nitrite
- Sodium Nitrate
- Potassium Nitrite
- Potassium Nitrate
- Others
Application
- Beverages
- Meat
- Poultry and Fish
- Bakery
- Dairy
- Others
Food and Beverages Color Fixing Agents Market Regional Analysis/Insights
The food and beverages color fixing agents market is analyzed and market size insights and trends are provided by country, product type, and application as referenced above.
The countries covered in the food and beverages color fixing agents market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the food and beverages color fixing agents market because of the fast-moving lifestyle of consumers and increasing consumer spending in this region. Moreover, the growth and expansion of the dairy industry will further propel the market growth in this region.
North America is expected to be the fastest developing region during the forecast period of 2023-2030 because of the increasing consumption of preserved beverages and meat among consumers in this region. Furthermore, increasing the sale of bakery and poultry products in the U.S. will further boost industry growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Food and Beverages Color Fixing Agents Market Share Analysis
The food and beverages color fixing agents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to food and beverages color fixing agents market.
Some of the major players operating in the food and beverages color fixing agents market are:
- Merck KGaA (U.S.)
- Spectrum Chemical (U.S.)
- Yara (Norway)
- Mitsubishi Chemical Corporation (Japan)
- Akzo Nobel N.V. (Netherlands)
- ADM (U.S.)
- Sensient Technologies Corporation (U.S.)
- BASF SE (Germany)
- Airedale Chemical Company Limited (U.K.)
- Aldon Corporation (U.S.)
- Vinayak Corporation (India)
- Symrise (Germany)
- NATUREX (France)
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