Canada Food Colorants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Food Colorants Market Analysis
The Canada Food Colorants Market is expected to grow at a CAGR of 4.3% over the forecast period, 2020 to 2025.
- The Canada Food Colorants market is driven by easily available raw materials which include fruits & vegetables. Growing food safety concerns in the global food markets are pressurizing manufacturing to adopt clean labels.
- The major restraint the industry faces is the growing awareness of the ill effects of synthetic colors. This has triggered the demand for natural colors, which have high costs when compared to synthetic colors. The stringent food standards regulations by the FDA and several regulatory bodies are proving to be a constraint for manufactures, thus forcing them to look at alternatives in the form of innovations in the natural colorants segment.
Canada Food Colorants Market Trends
This section covers the major market trends shaping the Canada Food Colorants Market according to our research experts:
Labeling Regulations Driving Natural Colorants Demand
Stringent regulations laid out by the government has led manufacturers to deploy practices of using less sugar/sweetener and imparting more of natural colors rather than synthetic. For instance, by 2021, brands must call out all sugar-based ingredients in brackets after the listing of 'sugar'. Additionally, the CFIA is urging manufacturers to be more transparent about colors. The upcoming amendments will also require food companies to list colors by their specific names. Such initiatives have laid out multiple opportunities for natural color extract manufacturers to compete within the industry, and along with seeking different sources as options to ease the imminent demand for natural colors.
Bakery Leads the Application Segment
The Canada natural color market is driven by its application across Bakery followed by Meat poultry & Sea Food products and Beverages. The bakery industry includes products but is not limited to bagels, bread, cakes, croissants, doughnuts, and pastries. On the other hand, Gluten-free is the fastest-growing food intolerance category in Canada, although, Canadians with Celiac disease contribute a small share, but important segment of the market for gluten-free bakery products. The trend of meat and seat food product consumption is on the rise, mostly in the form of processed foods, and this segment is also anticipated to witness a high application rate of natural colors over the coming years.
Canada Food Colorants Industry Overview
The Canada food colorants market is moderately fragmented with a large number of both domestic and international players are vying for their market share. On the other hand, Government regulation has made it mandatory to replace synthetic colorants with natural, thereby, increasing the level of research and development along with new product launches that can be incorporated across a variety of applications, among manufacturers.
Major players operating in the industry are Koninklijke DSM N.V, CHR Hansen, Sensient Technologies, The Archer Daniels Midland Company, and others.
Canada Food Colorants Market Leaders
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CHR Hansen
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Dohler Group
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Sensient Technologies
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Koninklijke DSM N.V
*Disclaimer: Major Players sorted in no particular order
Canada Food Colorants Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definitions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Synthetic Food colorants
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5.1.2 Natural Food Colorants
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5.2 By Application
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5.2.1 Bakery
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5.2.2 Dairy & Frozen products
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5.2.3 Confectionery
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5.2.4 Meat poultry & Sea Food products
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5.2.5 Beverages
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5.2.6 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Chr Hansen holdings
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6.3.2 Koninklijke DSM N.V.
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6.3.3 Sensient Technologies Corporation
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6.3.4 D枚hler Group
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6.3.5 Archer Daniels Midland Company
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6.3.6 BASF SE
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6.3.7 Calico Food Ingredients Ltd
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Canada Food Colorants Industry Segmentation
The report on Canada Food Colorants Market is segmented by Type as Synthetic and Natural food colorants, by Application as Bakery, Dairy & Frozen products, Confectionery, Meat poultry & Sea Food products, Beverages, and Others.
| By Product Type | |
| Synthetic Food colorants | |
| Natural Food Colorants |
| By Application | |
| Bakery | |
| Dairy & Frozen products | |
| Confectionery | |
| Meat poultry & Sea Food products | |
| Beverages | |
| Others |
Canada Food Colorants Market Research FAQs
What is the current Canada Food Colorants Market size?
The Canada Food Colorants Market is projected to register a CAGR of 5.30% during the forecast period (2024-2029)
Who are the key players in Canada Food Colorants Market?
CHR Hansen, Dohler Group, Sensient Technologies and Koninklijke DSM N.V are the major companies operating in the Canada Food Colorants Market.
What years does this Canada Food Colorants Market cover?
The report covers the Canada Food Colorants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Food Colorants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Food Colorants Industry Report
Statistics for the 2024 Canada Food Colorants market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Canada Food Colorants analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
