Food colors market to reach $5.42b by 2031

Still, the market growth is constrained by strict regulations.

The global food colors market is expected to reach $5.42b by 2031, growing at a CAGR of 6.5% from 2024 to 2031, according to a report by Meticulous Market Research.

Growth is driven by increased research and development in the food sector, rising demand for natural food colorants, and the need to enhance the appeal of food and beverages.

The natural and nature-identical food color segment is projected to grow the fastest, with a CAGR of 6.8%. This is due to growing government support for natural colorants, increasing health awareness, and demand for products free from artificial additives.

Additionally, the microorganisms segment is set to see the highest growth rate, as fermentation technologies advance and the demand for natural, eco-friendly ingredients increases.

The liquid food color segment is also expected to grow rapidly, driven by demand for convenient, ready-to-use products and improvements in formulation technology.

However, the report said market growth is constrained by strict regulations and the high cost of natural food colors.