The titanium dioxide color market is expected to reach US$ 31.6 Mn in 2022. The overall market value is expected to reach US$ 42.1 Mn by the end of 2032, exhibiting growth at a CAGR of 2.9% during the forecast period (2022-2032).
Titanium dioxide color, being cost-effective, is used in many dairy-based products, such as cheese, ice cream, milk drinks & milk alternatives, pudding / custard, dips & spreads and yogurt.
More expensive dairy solids as colorant may be replaced by the product as to reduce calories and fat content, as consumers are inclined towards tasty food products nowadays but more with a health-conscious objective.
In terms of application, the dairy segment is projected to expand at a CAGR of 2.4% over the forecast period, exceeding US$ 1,835.0 Thousand in 2022.
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Key Takeaways from Titanium Dioxide Color Market Study:
- The U.S. is estimated to account for more than 87.3% of the North America market in 2022 for titanium dioxide color.
- Brazil is projected to lead the Latin America titanium dioxide color market with 47.7% market share in 2022.
- Latin America is anticipated to register highest CAGR of 4.4% during the forecast period backed by growing consumer awareness regarding the use of the product.
- EMEAI region is projected to hold highest market value with US$ 14,487.6 Thousand in 2022.
- Germany is estimated to account for 21.8% of EMEAI market share in 2022, while India is estimated to hold over 14.6% share in Asia Pacific.
- China is projected to hold market share of 40.3% in APAC in 2022.
Who is winning?
Key players are focusing primarily on growth drivers for titanium dioxide color market, as the growing demand for the product among consumers in end use food industries are rising with each passing day. Manufacturing processes of the powder form product with technological innovations are improving day by day, thus increasing the product yield with higher quality. This is also expected to have a positive impact on the product quality, thus aiding the titanium dioxide color market growth.
Some of the leading companies offering titanium dioxide color are Tronox Incorporated, DuPont, Huntsman, Evonik Industries, Millennium Chemicals, Kronos, Ishihara Sangyo Kaisha Ltd., The Chemours Company, Lomon Billions Group and others.
Titanium Dioxide Color by Category
By Application:
- Beverage
- Bakery, Snacks, & Cereal
- Candy / Confectionery
- Dairy
- Fruit Preparations / Fillings
- Meat, Poultry, Fish, & Eggs
- Potatoes, Pasta, & Rice
- Sauces, Soups, & Dressings
- Seasonings
- Pet Food
By Region:
- North America
- Latin America
- EMEAI
- APAC
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Key Questions Answered in the Report
How much is the titanium dioxide color market worth?
The titanium dioxide color market is estimated to be worth over US$ 31,666.6 Thousand by 2022.
What is the demand outlook forecast for the titanium dioxide color market?
The global titanium dioxide color market is forecasted to surpass US$ 42,174.7 Thousands by the end of 2032.
What was the last 5-year CAGR for the titanium dioxide color market?
Between 2016 and 2021, the titanium dioxide color market grew at a 2.1% CAGR.
What will be the next 10-year CAGR for the titanium dioxide color market?
Between 2022 and 2032, the titanium dioxide color market will grow at 2.9% CAGR.
What is the share of top 5 players in the titanium dioxide color market?
Tronox Incorporated, DuPont, Huntsman, Evonik Industries and Millennium Chemicals are the leading companies operating in the global market.
Who are the top 5 countries driving titanium dioxide color market?
The U.S., Germany, India, China and France are the top countries reflecting consistently high demand.
At what rate will the titanium dioxide color market increase in North America?
North America is expected to lead the market, registering 3.6% CAGR through 2032.
What is the Latin America titanium dioxide color market outlook?
Latin America titanium dioxide color market will exhibit growth at 4.4% CAGR through 2032.
What is the market outlook for titanium dioxide color in EMEAI region?
The titanium dioxide color market in EMEAI is projected to grow at a 2.3% CAGR through the assessment period.
At what rate did the titanium dioxide color market is projected to increase between 2021 and 2022?
The global titanium dioxide color market rose by 2.1% from 2021 to 2022.
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