The chlorophyll color market is projected to reach US$ 151 million in 2023, with an expected growth to US$ 370.3 million by 2033, at a significant CAGR of 9.0%.
Chlorophyll color manufacturers are implementing robust go-to-market strategies such as collaborations, partnerships, mergers, and divestitures, in addition to focusing on organic tactics to gain competitive strength. FMI projects the global market to rise at 9.2% CAGR in terms of volume through 2031.
| Attribute | Details |
|---|---|
| Chlorophyll Color Market CAGR | 9.0% |
| Chlorophyll Color Market Valuation (2023) | US$ 151 million |
| Chlorophyll Color Market Valuation (2033) | US$ 370.3 million |
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Factors such as extreme temperature, moisture control, measurement of color loss due to light exposure, and color variation significantly impact a food product's shelf life. As food manufacturers are scrambling to achieve desired food color and stick to the natural ingredient, the adoption of chlorophyll color is expected to improve.
Food color manufacturers have created shelf-stable colorants with a consistent pH level for use in different applications such as beverages, bakery, snacks, & cereal, candy/confectionery, dairy, and others. Hence, the growing demand for shelf-stable colors is likely to propel the market's growth.
Demand for plant-based food ingredients and natural products is surging amidst a growing trend of veganism across the globe. Hence, food ingredient manufacturers are marketing their products with desirable claims such as non-GMO, kosher, gluten-free, vegan, halal, and allergy-free to attract consumers. In addition to this, the launch of new allergen-free products from food product manufacturers is fueling the demand for natural food colors. For instance- Nestle SA introduced a new allergen-free chocolate chip product line for baking.
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With food safety concerns regarding infant food growing, natural colors in baby food and "fun food" for kids are becoming increasingly popular. Manufacturers follow stringent regulations for the production of baby food due to safety concerns.
As per FMI, the market recorded a 4.5% CAGR during 2018 and 2022. With the increasing application of chlorophyll color in the candy & confectionary market, demand is projected to increase. As there is a specific list of colors permitted by governing bodies to use in the candies and confectionaries, manufacturing companies are adhering to precise protocols for the production.
Hence, they are increasing the adoption of natural food colors for food additives. Furthermore, prominent manufacturers are concentrating on expanding their production capacity, which is to assist in improving supply-chain efficiency.
For instance, Chr. Hansen enlarged its natural color production facilities in North America in April 2018. The expansion was intended to improve the company's supply chain capabilities, allowing it to provide natural color solutions to current and future customers.
Driven by this, Future Market Insights projects the chlorophyll color market to remain steady, exhibiting growth at 9.0% CAGR between 2023 and 2033.
The food color market is heavily influenced by regulatory agencies and rules implemented by government organizations. For example, the industry was required to substitute chlorophyll in ice cream due to a change in EU rule EC No. 1333/2008 on food additives. As a result, the use of chlorophyll in ice cream is no longer permitted.
Furthermore, in the United States, since January 2011, chlorophyll and cochineal must be listed by name on the ingredient list, and the declaration of ‘added color’ is no longer allowed. Given the scenario, shifting norms and regulations may have an impact on the industry. In addition, Procter & Gamble has patented the process of removing chlorophyll color impurities from vegetable oils.
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In North America, the United States chlorophyll color market is estimated to acquire 32.7% of the market share in 2022, according to Future Market Insights. Growth in the country is primarily attributed to the growing demand for processed food products in the United States. In addition to this, the increasing application of bakery products is one of the key drivers of the market. According to EU Commission, the United States is one of the leading markets for bakery industries across the globe, with estimated 9,000 leading bakeries, out of which 6,000 are retail bakeries and 3,000 are retail bakeries.
Consumers in the United States are becoming more conscious of the ingredients used in bakery products and their sources. Natural food colors are gaining more popularity across North America as consumers opt for chemical-free bakery and confectionery products.
In EMEAI, Germany is expected to be the leading market, accounting for US$ 8.7 million in 2021, and had poised to capture 10.0% of value share in 2022.
Demand for premium pet food has increased on account of the rise in pet ownership and humanization in Germany. Consumers' awareness regarding the food their pets consume has increased. They also are willing to pay more to provide their pets with the best possible care and nutrition. Several manufacturers are therefore including natural food additives to deliver excellent quality pet food and to cater to the changing consumer preference. Hence, the growing demand for premium pet food is expected to create attractive prospects for growth across Germany.
According to FMI's analysis, the China market is estimated to total US$ 11.8 million in the year 2021. It is projected to register growth at 6.7% over the forecast period.
Meanwhile, the Japan market is expected to surpass US$ 7.0 million in 2021, exhibiting growth at over 9.0% during the forecast period.
Rising disposable income in China and Japan has led to a significant shift in consumer lifestyles. Thus, their willingness to spend on organic and clean-label food products has increased. Consequently, there is a rise in demand for natural and organic food products, likely to drive chlorophyll color market growth across China and Japan.
India has emerged as the prominent market for chlorophyll color in EMEAI, totaling US$ 6.0 million in 2021. Growth is attributable to the growing trend of veganism in the country, which is increasing the consumption of organic and natural food products.
On the back of this, India's chlorophyll color market is expected to record a CAGR of 4.5% to reach US$ 15.3 million by 2031.
Consumers in India are willing to pay a higher amount for high-quality products. Acknowledging the opportunity, food product manufacturers have increased the adoption of natural ingredients in their products to increase offer improved food quality.
As per Future Market Insights, Brazil chlorophyll color market is expected to surpass US$ 2.9 million in 2021, exhibiting at 10.1% CAGR. Increasing awareness regarding health and wellness is expected to improve the consumption of organic food products in Brazil.
Consumers in Brazil are concerned about their health and are avoiding food items that contain artificial substances, chemicals, or synthetic additives. As a result, manufacturers are extensively using organic and natural ingredients. Backed by these factors, the Brazil market is estimated to reach US$ 7.6 million by the end of 2031.
Conventional chlorophyll color is estimated to account for 74.30% of the global market share in 2022. Traditional methods of producing chlorophyll-based colors have been well-established and widely used for a long time. Additionally, the conventional nature of production aligns with existing regulations and quality standards.
Many consumers prefer to stick with familiar products and are less willing to experiment with new or alternative options. The established market presence and reputation of conventional chlorophyll colors contribute to their continued adoption and preference in the market.
As per FMI's analysis, the beverage industry is estimated to account for more than 24.0% share in 2022, and it is expected to thrive at a CAGR of 9.2% over the forecast period. Over the past few years, there has been significant growth in the demand for ready-to-drink beverages. Increasing concern among consumers regarding the ingredients used in beverages is propelling the demand for natural food ingredients.
Also, as chlorophyll color is widely consumed in the candy/confectionary industry, the candy/confectionary segment is expected to witness high growth. With over 19% of market revenue contribution, the candy/confectionary segment is expected to register a CAGR of 7.2% throughout the analysis period.
The market is relatively consolidated, with a few leading players holding significant market shares. These companies have established strong brand recognition and have a wide distribution network, allowing them to reach a large customer base. In addition to the key players, more petite and emerging companies in the market focus on niche segments or specific applications. Moreover, sustainability and environmental considerations are increasingly becoming important in the chlorophyll colors market. Companies are focusing on developing eco-friendly and natural alternatives to traditional colorants, aligning with the growing consumer demand for sustainable and clean-label products.
Symrise AG, a taste and fragrance manufacturer, introduced an emollient with antibacterial qualities that protects the skin from head to toe in July 2022. Among other things, the substance aids with dandruff control strategies. It also works well with acne-prone and greasy skin care products.
Symrise AG, a taste and fragrance manufacturer, constructed a factory in Grasse for Maison Lautier 1795 in June 2022 to strengthen its position in natural raw materials. In addition to its existing facilities in Holzminden, Germany, and Madagascar.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa |
| Key Segments Covered |
|
| Key Companies Profiled | CHR Hansen Holding A/S (Denmark), Koninklijke DSM N.V. (Netherlands), Sensient Technologies Corporation, Archer Daniels Midland Company , Döhler Group (Germany), D.D. Williamson & Co., Inc., Naturex S.A. (France), Aromata Group S.r.l (Italy), Kalsec Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The chlorophyll color market is valued at US$151 million in 2023 and is projected to surge to US$370.3 million by 2033.
Increasing consumer demand for natural and organic products and rising awareness of the benefits of chlorophyll are driving market growth.
Chlorophyll color is used in a wide range of food products, including confectionery, beverages, sauces, and dairy products, to enhance their visual appeal.
The beverage industry, with a 24% share in 2022, followed by candy/confectionery, is the primary consumer of chlorophyll color products.
The United States leads as the primary market for chlorophyll color products, with 32.7% of the market share in 2022.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nature
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Nature, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Nature, 2023 to 2033
5.3.1. Organic
5.3.2. Conventional
5.4. Y-o-Y Growth Trend Analysis By Nature, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Nature, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Beverage
6.3.2. Bakery, Snacks, & Cereal
6.3.3. Candy / Confectionery
6.3.4. Dairy
6.3.5. Fruit Preparations / Fillings
6.3.6. Meat, Poultry, Fish, & Eggs
6.3.7. Potatoes, Pasta, & Rice
6.3.8. Sauces, Soups, & Dressings
6.3.9. Seasonings
6.3.10. Pet Food
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. The USA
8.2.1.2. Canada
8.2.2. By Nature
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Nature
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Nature
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Nature
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Nature
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Nature
10.3.3. By Application
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Nature
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Nature
11.3.3. By Application
11.4. Key Takeaways
12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Nature
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Nature
12.3.3. By Application
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Nature
13.1.2.2. By Application
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Nature
13.2.2.2. By Application
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Nature
13.3.2.2. By Application
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Nature
13.4.2.2. By Application
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Nature
13.5.2.2. By Application
13.6. United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Nature
13.6.2.2. By Application
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Nature
13.7.2.2. By Application
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Nature
13.8.2.2. By Application
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Nature
13.9.2.2. By Application
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Nature
13.10.2.2. By Application
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Nature
13.11.2.2. By Application
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Nature
13.12.2.2. By Application
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Nature
13.13.2.2. By Application
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Nature
13.14.2.2. By Application
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Nature
13.15.2.2. By Application
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Nature
13.16.2.2. By Application
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Nature
13.17.2.2. By Application
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Nature
13.18.2.2. By Application
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Nature
13.19.2.2. By Application
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2022
13.20.2.1. By Nature
13.20.2.2. By Application
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Nature
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. DDW The Color House
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Archer Daniels Midland Company
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. McCormick & Company
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Chr.Hansen A/S
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Naturex S.A.
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Riken Vitamin Co., Ltd.
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Döhler Group
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Kalsec Inc.
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Sensient Colors LLC
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. BioconColors
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Chlorophyll Color Market
