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Latin America Food Colours Market Size, Forecast: By Type: Natural Colours, Artificial Colours; By Application: Meat Products, Beverages, Dairy, Bakery and Confectionery, Processed Food and Vegetables, Oil and Fats, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Latin America Food Colours Market Outlook
The Latin America food colours market size reached nearly USD 169.72 million in 2023. The market is projected to grow at a CAGR of 7.8% between 2024 and 2032 to reach a value of around USD 333.66 million by 2032.
Key Trends in the Market
Food colour refers to a pigment or a dye, that is added to a food item to enhance its appearance. These food additives can be naturally extracted or artificially produced and are widely used in the food processing sector.
- The thriving food and beverage sector across Latin American countries such as Mexico, Brazil, and Chile, among others, coupled with the rising living standards, is a key Latin America food colours market trend.
- Increasing production of milk and cheese, along with the rising investments in dairy operations in countries like Mexico, is likely to heighten the demand for food colours in the forecast period.
- Food colours are increasingly added to boost the freshness, quality, and appeal of premium and packaged food products while surging their flavour profiles.
- Technological advancements and innovations are driving the development of heat-stable natural food colours for use in yoghurts, bakeries, baking mixes, and candies, among others. Moreover, the Latin America food colours market growth can be attributed to the growing usage of natural colours as an alternative to artificial dyes and the surging demand for food colours that can support holistic well-being.
Market Analysis
Based on type, the Latin America food colours market segmentations include natural colours and artificial colours. On the basis of application, the market is classified into meat products, beverages, dairy, bakery and confectionery, processed food and vegetables, and oil and fats, among others. The major countries included in the Latin America market for food colours include Brazil, Argentina, Mexico, and Chile, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the Latin America food colours market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Archer Daniels Midland Company
- Oterra A/S
- Koninklijke DSM N.V.
- Sensient Technologies Corporation
- Givaudan S.A.
- The Döhler Group
- International Flavors & Fragrances Inc.
- Kalsec Inc.
- Others
Market Share by Type
Natural food colours account for a significant portion of the Latin America food colours market share. This can be attributed to the presence of nutrients such as antioxidants, vitamins, and minerals, among others, in natural food colours. Moreover, concerns regarding the increased risk of diseases like cancer and asthma caused by artificial food colours, coupled with the increasing health awareness among the Latin American population, are driving the addition of natural food colourants in food and beverages.
Market Share by Application
As per the Latin America food colours market analysis, processed food and vegetables hold a decent market share amid the rising demand for ready-to-eat and instant food products. The increasing demand for clean-labelled processed food and vegetable products, such as instant-flavoured oatmeal, cereals, flavoured sauces, syrups, and vegetable pasta, among others, is also driving the segment’s growth. Food colours enhance the freshness and quality of processed food products, further adding to the segment’s growth.
Competitive Landscape
Archer Daniels Midland Company is a leading food processing company which offers proprietary extraction technology and spirulina and pink, red, and purple shades of food colourings, among others. It was founded in 1902 and is headquartered in Illinois, the United States.
Givaudan S.A. is a multinational manufacturer of flavours, fragrances, and cosmetic ingredients, among others, catering to different sectors such as food and beverage. It was established in 1895 and is headquartered in Vernier, Switzerland.
The Döhler Group is a company which produces, markets, and sells natural ingredients obtained from advanced technologies. The company was founded in 1838 and is headquartered in Darmstadt, Germany.
Other Latin America food colours market players include Oterra A/S, Koninklijke DSM N.V., Sensient Technologies Corporation, International Flavors & Fragrances Inc., and Kalsec Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Latin America Food Colours Market Overview
7.1 Key Industry Highlights
7.2 Latin America Food Colours Historical Market (2018-2023)
7.3 Latin America Food Colours Market Forecast (2024-2032)
8 Latin America Food Colours Market by Type
8.1 Natural Colours
8.1.1 Historical Trends (2018-2023)
8.1.2 Forecast Trends (2024-2032)
8.2 Artificial Colours
8.2.1 Historical Trends (2018-2023)
8.2.2 Forecast Trends (2024-2032)
9 Latin America Food Colours Market by Application
9.1 Meat Products
9.1.1 Historical Trends (2018-2023)
9.1.2 Forecast Trends (2024-2032)
9.2 Beverages
9.2.1 Historical Trends (2018-2023)
9.2.2 Forecast Trends (2024-2032)
9.3 Dairy
9.3.1 Historical Trends (2018-2023)
9.3.2 Forecast Trends (2024-2032)
9.4 Bakery and Confectionery
9.4.1 Historical Trends (2018-2023)
9.4.2 Forecast Trends (2024-2032)
9.5 Processed Food and Vegetables
9.5.1 Historical Trends (2018-2023)
9.5.2 Forecast Trends (2024-2032)
9.6 Oil and Fats
9.6.1 Historical Trends (2018-2023)
9.6.2 Forecast Trends (2024-2032)
9.7 Others
10 Latin America Food Colours Market by Country
10.1 Brazil
10.1.1 Historical Trends (2018-2023)
10.1.2 Forecast Trends (2024-2032)
10.2 Argentina
10.2.1 Historical Trends (2018-2023)
10.2.2 Forecast Trends (2024-2032)
10.3 Mexico
10.3.1 Historical Trends (2018-2023)
10.3.2 Forecast Trends (2024-2032)
10.4 Chile
10.4.1 Historical Trends (2018-2023)
10.4.2 Forecast Trends (2024-2032)
10.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Archer Daniels Midland Company
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Oterra A/S
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Koninklijke DSM N.V.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Sensient Technologies Corporation
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Givaudan S.A.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 The Döhler Group
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 International Flavors & Fragrances Inc.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Kalsec Inc.
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Food Colours Market: Key Industry Highlights, 2018 and 2032
2. Latin America Food Colours Historical Market: Breakup by Type (USD Million), 2018-2023
3. Latin America Food Colours Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Latin America Food Colours Historical Market: Breakup by Application (USD Million), 2018-2023
5. Latin America Food Colours Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Latin America Food Colours Historical Market: Breakup by Country (USD Million), 2018-2023
7. Latin America Food Colours Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Latin America Food Colours Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 169.72 million in 2023.
The market is estimated to grow at a CAGR of 7.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 333.66 million by 2032.
The thriving food and beverage sector across Latin American countries such as Mexico and Brazil, the growing need to enhance product appeal and boost the quality of premium food products, and the excellent nutritional profile of natural food colours are the major drivers of the market.
The key trends in the market include the increasing production of milk and cheese and the rising investments in dairy operations in countries like Mexico.
Natural colours and artificial colours are the different types of food colours considered in the market report.
Meat products, beverages, dairy, bakery and confectionery, processed food and vegetables, and oil and fats, among others, are the major applications of food colours.
Archer Daniels Midland Company, Oterra A/S, Koninklijke DSM N.V., Sensient Technologies Corporation, Givaudan S.A., The Döhler Group, International Flavors & Fragrances Inc., and Kalsec Inc., among others, are the key market players.
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