Food & Beverages Color Fixing Agents Market 2020-2027

4.4
Food & Beverages Color Fixing Agents Market 2020-2027

The Food & Beverages Color Fixing Agents Market was valued around USD 2,296 million in 2019 and is expected to grow at a CAGR of 4.3% CAGR over the forecast per

Food & Beverages Color Fixing Agents Market

The Food & Beverages Color Fixing Agents Market was valued around USD 2,296 million in 2019 and is expected to grow at a CAGR of 4.3% CAGR over the forecast period (2020-2027).

The factors driving the growth of Food & Beverages Color Fixing Agents includes rise in the consumption of alcoholic and non-alcoholic drinks, growing popularity of baked food products and increase in the number of fast-food restaurants, cafes, and bakeries around the world. According to the report published by Statista, the Global Alcoholic Drinks Market is predicted to reach USD 1,484billion by the end of 2022, expanding at a CAGR of 10.01% over the forecast period (2022-2025), which will boost the Food & Beverages Color Fixing Agents Market size in the approaching years. Moreover, easy availability of fish and poultry food products at the online platforms, growing demand for salt and cured meat products and expansion of the Food and Beverage Industry across the globe, are some of the additional factors supplementing the market growth. Moreover, the increasing use of Food & beverages color fixing agents to enhance the taste and texture of meat products, growing investments by leading players on research and development and rising disposable incomes, are further contributing towards the market growth.

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However, the growth of Food & Beverages Color Fixing Agents Market is hindered due to strict norms imposed by the Regulatory authorities regarding the product use.

The major players operating in the Food & Beverages Color Fixing Agents Market are Mitsubishi Chemical Corporation, Yara International, Aldon Corporation, Merck KGaA, AkzoNobel NV, American Elements, Sonac Burgum B.V., Naturex, Airedale Chemical, GFS Chemicals Inc, and BASF SE, among others.

Product Type: Segment Analysis

As per the Global Food & Beverages Color Fixing Agents Market Forecast, the Sodium Nitrite segment is predicted to expand at a significant CAGR during the forecast period owing to its increasing use in meat and fish & poultry food products.

Application: Segment Analysis

Based on Application, the Meat segment is projected to capture the largest market share over the forecast period attributed to rise in the consumption of meat products and increasing demand for high nutrient-enriched food.

Regional: Segment Analysis

Based on Region, the Asia Pacific region is anticipated to hold the highest market share during the forecast period. Increasing consumption of meat and poultry & fish products, rising disposable incomes, improvements in the living standards and high population growth rates, are some of the important factors propelling the market growth in Asia-Pacific.

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

Asia Pacific

China

Japan

India

Rest of APAC

North America

United States of America

Canada

Europe

United Kingdom

Germany

France

Spain

Rest of Europe

RoW

Brazil

South Africa

Saudi Arabia

UAE

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