Natural Food Colors Market to be Worth $3.74 Billion by 2031

Natural Food Colors Market by Type (Carotenoids {Beta Carotene, Lycopene}, Anthocyanins, Betanin, Carmine), Source (Plants, Animal), Form (Liquid), Solubility (Water, Oil), Application (Processed Food Products, Beverages), and Geography – Global Forecast to 2031

According to this latest publication from Meticulous Research®, the global natural food colors market is projected to reach $3.74 billion by 2031, at a CAGR of 6.8% during the forecast period 2024–2031. In terms of volume, the global natural food colors market is projected to reach 194,988 tons by 2031, at a CAGR of 5.3% during the forecast period of 2024–2031. The growth of the natural food colors market is driven by the growing demand for organic foods, increasing awareness regarding clean-label products, the growing need to enhance product appeal, increasing R&D activities in the food & beverage sector, and the emergence of microencapsulation technology for food colors. However, the high prices of natural colors and stringent regulations on the use of food colors are expected to restrain the market’s growth.