Food & Beverages Color Fixing Agents Market

Food & Beverages Color Fixing Agents Market was estimated at USD 2,296 Million in 2019 and projected to grow at 4.3% CAGR during the forecast period.

Food & beverage color-fixing agents are the food additives used to avoid the color of the food from changing. These color fixing agents acts as an antioxidant and have a sour taste. These agents are widely used for numerous applications, such as beverages, meat, bakery, poultry & fish, and dairy products. The color fixing agents improve the quality and enhance the taste of the food & beverage products.

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The increasing disposable income, followed by the fundamental shift in the consumer’s eating patterns, especially among millennials, are the major drivers boosting the demand of the global food & beverage color fixing agents market. Rapid urbanization is encouraging consumers to opt for healthier food products to eliminate the possibilities of diseases. Simultaneously, the strong demand for fish and poultry food products is derived from the remarkable nutritional benefits offered by these food products. According to Food and Agriculture Organisation (FAO), global fish production was 171 million tonnes in 2016, out of which the 88% was for direct human consumption. Additionally, the strong demand for salt and cured meat will further pay the way for Food & Beverages Color Fixing Agents Market growth during the forecast period. On the other end of the spectrum, the stringent regulations implemented by the FDA regarding the application of color agents in food products and the high cost associated with product manufacturing and technology are the two factors that will have a negative impact on the growing demand of the market.

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On the basis of the product type, the Sodium Nitrite segment is predicted to grow at a higher CAGR over the forecast period attributed to the accelerated usage of this type of product in meat and fish & poultry applications. Furthermore, the strong demand for processed and preserved meat will directly surge the demand of the market. Sodium nitrite has exceptional properties, which makes it suitable for meat products.

Based on the application, the meat application segment is anticipated to dominate the global food & beverage color fixing agents market owing to the increasing disposable income along with the growing consumption of meat in emerging economies during the forecast period. In addition to this, the rising demand for high nutrient-enriched food and increasing health awareness among the population will further enhance the growth of global food & beverages color fixing agents market. According to the World Health Organisation (WHO), global meat production is projected to increase by 376 million tonnes and world per capita consumption of meat by 45.3 kg per year till 2030. The bakery application segment is also expected to grow at a higher CAGR due to the high availability of food products at reasonable prices and the increasing need for convenient baked products as a result of the hectic lifestyle of individuals.

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Based on the region, the North America region is witnessing a higher CAGR during the forecast period. This is attributed to the high consumption of preserved meat and beverages among consumers in this region. On the other hand, the Asia-Pacific region is expected to dominate the market during the forecast period due to the increasing consumer spending along with the fast-moving lifestyle of consumers. In addition to this, the growing demand for meat and poultry & fish products in this region will have a positive impact on the global food & beverage color fixing agents market.

Various notable players operating in the market include Merck KGaA, AkzoNobel NV, American Elements, BASF SE, Naturex, Airedale Chemical, GFS Chemicals Inc, Mitsubishi Chemical Corporation, Yara International, Aldon Corporation, and Sonac Burgum B.V., among others.

Key Developments:

• • In 2019, Naturex subsidiary of Givaudan launched Vegebite Ultimate Spirulina based food coloring to meet the rising demand for natural blue and green shades in beverages and confectionary industry.
  • In 2019, Mitsubishi Chemical Corporation announced that they will increase the annual production capacity of SoarnoL™ ethylene-vinyl alcohol copolymer (EVOH) from 3,000 tons to 41,000 tons through its subsidiary Noltex L.LC. till 2020. EVOH is used to produce packaging materials that help to extend the flavor and quality of foods as a result of reducing food waste.

The global food & beverage color fixing agents market has been segmented on the basis of product type, application, and region. Based on product type, the market is segmented into sodium nitrite, sodium nitrate, potassium nitrite, potassium nitrate, and others. Based on application, the market is segmented into beverages, meat, poultry & fish, bakery, and dairy.

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Key questions answered in this research report:

• • At what pace is global Food & Beverage Color Fixing Agents Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Food & Beverage Color Fixing Agents Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Food & Beverage Color Fixing Agents Market?
  • Which Product Type generated maximum revenues in 2019 and identify the most promising Product Type during the forecast period?
  • What are the various Application areas of global Food & Beverage Color Fixing Agents Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation:

Global Food & Beverage Color Fixing Agents Market by Product Type

• • Sodium Nitrite
  • Sodium Nitrate
  • Potassium Nitrite
  • Potassium Nitrate
  • Others

Global Food & Beverage Color Fixing Agents Market by Application

• • Beverages
  • Meat
  • Poultry & Fish
  • Bakery
  • Dairy

Global Food & Beverage Color Fixing Agents Market by Region

• • North America Food & Beverage Color Fixing Agents Market (Option 1: As a part of the free 25% customization)
    • North America Food & Beverage Color Fixing Agents Market by Product Type
    • North America Food & Beverage Color Fixing Agents Market by Application
    • United States of America (US) Food & Beverage Color Fixing Agents Market All-Up
    • Canada Food & Beverage Color Fixing Agents Market All-Up
  • Europe Food & Beverage Color Fixing Agents Market (Option 2: As a part of the free 25% customization)
    • Europe Food & Beverage Color Fixing Agents Market by Product Type
    • Europe Food & Beverage Color Fixing Agents Market by Application
    • United Kingdom (UK) Food & Beverage Color Fixing Agents Market All-Up
    • Germany All-Up Food & Beverage Color Fixing Agents Market All-Up
    • France Food & Beverage Color Fixing Agents Market All-Up
    • Spain Food & Beverage Color Fixing Agents Market All-Up
    • Rest of Europe Food & Beverage Color Fixing Agents Market All-Up
  • Asia-Pacific Food & Beverage Color Fixing Agents Market (Option 3: As a part of the free 25% customization) 
    • Asia-Pacific Food & Beverage Color Fixing Agents Market by Product Type
    • Asia-Pacific Food & Beverage Color Fixing Agents Market by Application
    • China Food & Beverage Color Fixing Agents Market All-Up
    • India Food & Beverage Color Fixing Agents Market All-Up
    • Japan Food & Beverage Color Fixing Agents Market All-Up
    • Rest of APAC Food & Beverage Color Fixing Agents Market All-Up
  • RoW Food & Beverage Color Fixing Agents Market (Option 4: As a part of the free 25% customization)
    • RoW Food & Beverage Color Fixing Agents Market by Product Type
    • RoW Food & Beverage Color Fixing Agents Market by Application
    • Brazil Food & Beverage Color Fixing Agents Market All-Up
    • South Africa Food & Beverage Color Fixing Agents Market All-Up
    • Saudi Arabia Food & Beverage Color Fixing Agents Market All-Up
    • UAE Food & Beverage Color Fixing Agents Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Food & Beverage Color Fixing Agents Market All-Up

Major Players Operating the Food & Beverage Color Fixing Agents (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Merck KGaA
  • AkzoNobel NV
  • American Elements
  • BASF SE
  • Naturex
  • Airedale Chemical
  • GFS Chemicals Inc
  • Mitsubishi Chemical Corporation
  • Yara International
  • Aldon Corporation
  • Sonac Burgum B.V.