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Global Color Additives Market Insight2021-12-31 Comments
The Color Additives is forecast to crazy increase over the next years. According to the World Knowledge Information (WKI) “Global Color Additives Professional Survey Report 2021, Forecast to 2026”, With the rapid improvement of people’s health awareness and the impact of the COVID-19, the hand sanitizer industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 4.59% base on WKI regression analysis model.
“Global color additives are dominated by a small number of players. If you want to achieve better development, it is recommended to focus on the development and innovation of new products. To stand out in the market.”said Jennie, Senior analyst, Chemical industry Market Research Center in WKI.
Increasing consumer awareness of attractive product packaging, as well as increasingly popular fashion apparel trends in the United States, are expected to drive the demand for color agents in food and beverage applications. Make them attractive, attractive and appetite to consumers.
However, these artificially synthesized pigments can easily induce poisoning, diarrhea and even cancer, and are harmful to the human body. Therefore, they should not be used as much as possible or not used as much as possible, which limits the development of the color additive market.
Companies have been expanding their geographic influence through acquisitions or mergers with manufacturers in foreign markets. Expansion is the most popular growth strategy, followed by new product development in the global food colorant market. Hansen is among the most active; the company’s most famous strategy is to launch new products.Major players in the colorant market include Chr. Hansen Holding, Sethness Products Company, Sensient Technologies Corporation, Jagson Colorchem Limited, PolyOne, Penn Color, Clariant International, Lanxess AG, GNT Group, Symrise AG, San-Ei Gen FFI, Inc., DD Williamson, TH Glennon, Pylam Products, Teknor Apex and ROHA JTT Group.
Segmentation of Color Additives Market:
According to the type, the color additive market can be divided into natural color additives and artificial color additives.Natural color additives account for a larger share of the market, and we have observed a significant shift to natural materials, especially in terms of taste and color. Increasing demand for minimally processed foods and consumer preferences, as well as the health-promoting properties of natural colorants, are expected to drive the development of the natural coloring market.According to the application, color additives can be divided into: plastics, textiles, food and drink, personal care, printing, paints and coatings.Textiles have become the main application area and have the largest share in the color additive market. This is mainly due to the increase in consumer spending on clothing and apparel. In addition, the growing demand for environmentally friendly products is increasing the use of dyes in the textile industry, which has led to an increase in overall sales of colorants. Promoted the development of the color additive market.
Color Additives Market: Regional Analysis
In terms of geography, the global 4.5 market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.Europe has become a major consumer and has the largest market share. Increasing preference for natural color additives, coupled with favorable regulatory conditions, is expected to lead the demand for colorants in the food, personal care and textile sectors during the forecast period. North America’s demand for these dyes and The demand for pigments is also growing, and it is expected that the growing demand for printing inks and architectural coatings in North America will promote market growth in the next nine years. The Asia-Pacific region is also a major development area. The main driving force for market growth in this region is the increasing per capita use of color additives in promising economies, as well as the growing demand for pigments in various end-user industries such as textiles, paper, plastics, and coating. India and China are the main markets driving the growth of the Asia-Pacific colorant industry.
Largest share area：Europe
Largest share country：England