Global Food and Beverages Color Fixing Agents Market Size, Trends, and Growth Opportunity, By Product Type (Sodium Nitrite, Sodium Nitrate, Potassium Nitrite, Potassium Nitrate, Others), Application (Beverages, Meat, Poultry, and Fish, Bakery, Dairy, Others) By Region and forecast till 2030.
Global Food and Beverages Color Fixing Agents Market
The global Food and Beverages Color Fixing Agents Market was valued at USD 2.5 Billion in 2022 and is slated to reach USD 3.67 Billion by 2030 at a CAGR of 4.90 % from 2023-2030.
Businesses that produce color fixers and other food additives for the production of food items are included in the market for food and beverage color-fixing agents. They may give meals and beverages an artificial or natural color, look, or flavor without significantly reducing their nutritional content. To preserve their distinctiveness, the agents are typically introduced at the beginning of the process when raw ingredients transform into a final product.
Market Drivers
Sodium nitrite will dominate the market for food and beverage color-fixing agents during the forecasted period. This can be mostly ascribed to the products' accessibility and extensive use in the meat industry. The market for food and beverage color-fixing agents is anticipated to develop during the projected period as a result of rising demand for processed meat and sodium nitrite. The two main product application segments, poultry, and fish, are anticipated to expand at a healthy rate during the forecast period. This can be related to consumers' growing awareness of nutritious eating. According to the FAO data, worldwide fish production peaked at 175 million tonnes in 2018 from 154 million tonnes in 2011 and is predicted to increase further over the next few years. To maintain the color and flavor of the fish, color-fixing chemicals are utilized in the fsh segment. Food and beverage color-fixing agents are anticipated to expand due to the increased product demand from applications in chicken and fish.
Market Restraints
Over the projection period, the market for food and beverage color-fixing agents is projected to have slow growth due to the strict norms and regulations surrounding their use. Several regulatory organizations, including the FSAI and FDA, govern the use of color-fixing chemicals. These regulatory bodies standardize the product's inclusion in the finished good. Throughout the projected period, the market's growth is anticipated to be constrained by the high cost of food and beverage color-fixing agents. Over the projected period, the market for food and beverage color fixing agents may suffer from the high cost of manufacturing these agents and related technology.
Recent Developments
Vegemite Ultimate Spirulina Food Cooling was introduced by Givaudan in 2019 to meet the rising demand in the confectionery and beverage industries for natural green and blue hues. With its subsidiary Noltex, Mitsubishi Chemical Corporation increased the ethylene vinyl alcohol copolymer's yearly production capacity from 3000 to 41000 tonnes in 2019. This expansion will last through 2020. It is possible to create packaging materials that improve food quality using ethylene vinyl alcohol copolymer.
Market Segmentation
Global Food and Beverages Color Fixing Agents Market is segmented into Product Type, Application. Product Types such as Sodium Nitrite, Sodium Nitrate, Potassium Nitrite, Potassium Nitrate, and Others. By Applications such as Beverages, Meat, Poultry and Fish, Bakery, Dairy, and Others.
Regional Analysis
Global Food and Beverages Color Fixing Agents Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Due to its consumers' fast-paced lifestyles and rising consumer expenditure, Asia-Pacific now holds a monopoly on the market for food and beverage color-fixing agents. Also, the development of the dairy sector will further fuel market expansion in this area. Because of the rising consumption of preserved foods and meat in this area, North America is anticipated to experience the quickest growth during the forecast period of 2023–2030. Increased sales of poultry and bread goods in the United States will also help this region's business thrive.
Key Players
This report includes a list of numerous Key Players, namely Yara (Norway), Mitsubishi Chemical Corporation (Japan), Akzo Nobel N.V. (Netherlands), 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).
Market Taxonomy
By Product Type
• Sodium Nitrite
• Sodium Nitrate
• Potassium Nitrite
• Potassium Nitrate
• Others
By Application
• Beverages
• Meat
• Poultry and Fish
• Bakery
• Dairy
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Food and Beverages Color Fixing Agents Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Food and Beverages Color Fixing Agents Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Food and Beverages Color Fixing Agents Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Food and Beverages Color Fixing Agents Market Share Analysis, By Product Type
5.3 Global Food and Beverages Color Fixing Agents Market Size and Forecast, By Product Type
5.3.1 Sodium Nitrite
5.3.2 Sodium Nitrate
5.3.3 Potassium Nitrite
5.3.4 Potassium Nitrate
5.3.5 Others
6 Global Food and Beverages Color Fixing Agents Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Food and Beverages Color Fixing Agents Market Share Analysis, By Application
6.3 Global Food and Beverages Color Fixing Agents Market Size and Forecast, By Application
6.3.1 Beverages
6.3.2 Meat
6.3.3 Poultry and Fish
6.3.4 Bakery
6.3.5 Dairy
6.3.6 Others
7 Global Food and Beverages Color Fixing Agents Market, By Region
7.1 Global Food and Beverages Color Fixing Agents Market Share Analysis, By Region
7.2 Global Food and Beverages Color Fixing Agents Market Share Analysis, By Region
7.3 Global Food and Beverages Color Fixing Agents Market Size and Forecast, By Region
8 North America Food and Beverages Color Fixing Agents Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Food and Beverages Color Fixing Agents Market Share Analysis, By Product Type
8.3 North America Food and Beverages Color Fixing Agents Market Share Analysis, By Application
8.4 North America Food and Beverages Color Fixing Agents Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Food and Beverages Color Fixing Agents Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Food and Beverages Color Fixing Agents Market Share Analysis, By Product Type
9.3 Europe Food and Beverages Color Fixing Agents Market Size and Forecast, By Application
9.4 Europe Food and Beverages Color Fixing Agents Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Food and Beverages Color Fixing Agents Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Food and Beverages Color Fixing Agents Market Share Analysis, By Product Type
10.3 Asia Pacific Food and Beverages Color Fixing Agents Market Size and Forecast, By Application
10.4 Asia Pacific Food and Beverages Color Fixing Agents Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America Food and Beverages Color Fixing Agents Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Food and Beverages Color Fixing Agents Market Share Analysis, By Product Type
11.3 Latin America Food and Beverages Color Fixing Agents Market Share Analysis, By Application
11.4 Latin America Food and Beverages Color Fixing Agents Market Size and Forecast, Country
11.4.1. Brazil
11.4.2.Rest of Latin America
12Middle East Food and Beverages Color Fixing Agents Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Food and Beverages Color Fixing Agents Market Share Analysis, By Product Type
12.3 Middle East Food and Beverages Color Fixing Agents Market Size and Forecast, By Application
12.4 Middle East Food and Beverages Color Fixing Agents Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Yara (Norway)
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Mitsubishi Chemical Corporation (Japan)
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Akzo Nobel N.V. (Netherlands)
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Sensient Technologies Corporation (U.S.)
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 BASF SE (Germany)
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Airedale Chemical Company Limited (U.K.)
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Aldon Corporation (U.S.)
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Vinayak Corporation (India)
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Symrise (Germany)
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 NATUREX (France)
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
