The chlorophyll color market is projected to experience significant growth, with an estimated value of USD 151 million in 2023, expected to reach USD 370.3 million by 2033 at a CAGR of 9.0%.
The demand for shelf-stable food color is increasing due to temperature, moisture control, light exposure, and color variation, which significantly impact a food product’s shelf life. As food manufacturers strive to achieve desired colors using natural ingredients, the adoption of chlorophyll color is expected to rise.
The rising demand for natural and plant-based food ingredients is also contributing to the market’s expansion. The increasing trend of veganism worldwide has led to a surge in demand for plant-based ingredients and natural products. Moreover, food manufacturers’ launch of allergen-free products further fuels the demand for natural food colors.
The implementation of stringent regulations plays a crucial role in chlorophyll color sales. Government organizations and regulatory agencies heavily influence the food color market through rules and regulations.
Changes in rules, such as the EU rule EC No. 1333/2008 on food additives, led to the substitution of chlorophyll in ice cream. Chlorophyll is no longer permitted for use in ice cream. These evolving norms and regulations can impact the industry positively.
The chlorophyll color market is experiencing significant growth in different regions. In North America, the United States hold a market share of 32.7% in 2022, driven by the increasing demand for processed food and the application of chlorophyll color in bakery products.
Germany leads the market in EMEAI, accounting for US$ 8.7 million in 2021 and capturing 10.0% of the value share in 2022. The demand for premium pet food and the willingness of consumers to pay more for quality products are driving growth in Germany.
Conventional chlorophyll color holds a substantial share of 74.30% in the global market due to its established methods and consumer preference for familiar products.
The beverage industry is a key driver for sales, with a share of over 24.0% in 2022, driven by the increasing demand for natural food ingredients. The candy/confectionary segment is also expected to witness high growth in the market.
Competitive Landscape
Leading food companies widely utilize chlorophyll color to fulfill the increased need for components from natural resources. Furthermore, market participants are implementing techniques that allow them to grow their network and reach numerous consumers.
- Symrise AG, a flavor and fragrance manufacturer, revealed its comprehensive variety of Diana food blueberry components and active compounds in June 2022. Like other items in the natural component range, it has various qualities and performance benefits. Competitiveness, diverse organoleptic qualities, application-specific high-quality criteria such as infant food, distinct certification such as organic, and the possibility to claim health advantages are among them.
- DDW bought DuPont Natural Colours, part of DuPont’s Nutrition & Biosciences group, in 2019. As a result of the acquisition, DDW’s global presence as a provider of natural color solutions for the food and beverage industries can be enhanced. Along with technical and manufacturing capabilities in several vital natural colors.
Chlorophyll Color Market Segmentation
By Nature:
- Organic
- Conventional
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
- Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI’s latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube