Global demand for free-from titanium dioxide is expected to reach a market valuation of US$ 15 billion by the year 2023, accelerating at a CAGR of 3.9% over the forecast period (2023 to 2033). By the end of the 2023 to 2033 forecast period, a valuation of US$ 22 billion is expected. Healthy food and beverages represent an important part of people’s diets and promote fitness as they are full of nutrients when included in their daily diet. Considering their nutritional value, the concerns regarding the benefits of consuming organic food and beverages are expected to fuel the growth of the free-from titanium dioxide market in the near future. The market is supported by:
Demand for free-from titanium dioxide is expected to positively drive the market over the forecast period owing to the focus of extensive R&D by manufacturers to support the food and beverage and other sectors like personal care with the prominent offerings. The utilization of organic and clean-label products has risen in developed economies due to the perceived health benefits associated with organic products, aiding the growth of the market.
In addition, market recognition of clean-label goods deprived of the quality of titanium dioxide complemented the acceptance of free-from titanium dioxide products. The increase in the number of allergic cases due to titanium dioxide has resulted in chronic conditions such as gastrointestinal disorders and skin rashes.
According to the Organic Trade Association, in 2019, sales of organic food products in the United States totaled US$ 50.1 billion. Moreover, the introduction of new and exotic flavors, rise in consumer disposable income, and acceptance of innovative flavors is also expected to drive regional demand. The need for healthy food heavy in functional fibers, protein, and vitamins is being driven by the growing demand for quick and convenient meals. Consumers are willing to pay for compact, organic Free-from Titanium Dioxide food items, driving market sales.
Key producers are working on manufacturing Free-from Titanium Dioxide in order to gain a greater market share. Manufacturers are working hard for research and development of innovative offerings to serve a large customer base and that will allow the Free-from Titanium Dioxide market to grow. Hence, manufacturers are adopting strategies such as mergers & acquisitions to expand their global footprint and to their product portfolio. Further, a number of international market participants are entering into acquisitions and mergers and implementing new technology to increase commercial capacity to gain a major revenue share.
For instance, the Lonza free-from titanium dioxide capsules portfolio consists of a preset palette of colors and masking options for hard gelatin capsules and a wide color range of HPMC capsules for nutraceutical applications. In response to growing customer requirements, the brand is the first to introduce a capsule using an alternative opacifier with the launch of the Capsugel® Vcaps® Plus White Opal® HPMC capsule. This white, semi-opaque, plant-based capsule gives your product a natural look, while helping to meet regional regulatory requirements. For customers looking for a color capsule without the use of synthetic colorants or chemically-processed natural colorants, Capsugel® Vcaps® Plus food-colored HPMC capsules come in six colors, naturally obtained from vegetables, spices or algae.
Data Points | Key Statistics |
---|---|
Expected Market Value in 2023 | US$ 15 billion |
Projected Market Value in 2033 | US$ 22 billion |
Global Growth Rate (2023 to 2033) | CAGR of 3.9% |
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Free-from titanium dioxide products are derived from natural resources, which are free of harmful chemicals. Increasing knowledge of healthy living has led to shift in consumer consumption patterns to more organic and clean label products, which continues to drive sales of free-from titanium dioxide products. This has prompted manufacturers to introduce new products and focus on R&D.
In addition, market recognition of clean label goods deprived of the quality of titanium dioxide complemented the acceptance of free-from titanium dioxide products. The increase in the number of allergic cases due to titanium dioxide has resulted in chronic conditions such as gastrointestinal disorders and skin rashes.
Increased concerns about the benefits of intake of organic foods and beverages is expected to fuel the growth of the free-from titanium dioxide market in the near future. In addition, rise in income levels, an improved standard of living, growing environmental concerns, an increase in chronic diseases caused by inorganic products are driving factors in the free-from titanium dioxide market.
The impact of these drivers is expected to increase significantly due to growth in health concerns among the consumers.
Increasing prevalence of severe allergies, digestive disorders and hypertension continue to support the worldwide sales of GMO-free and sugar-free foods. Sales of organic cosmetic products have risen over the past few years due to the increasing consumer demand for natural, non-GMO products and increased in herbicide-free environment.
Moreover, the trend of eco sustainable and cruel products has also become a rage among the millennials. Increasing consumer awareness of the negative impacts of cosmetic formulations based on titanium dioxide has also promoted the use of cosmetic products free of titanium dioxide.
These days, customers are capable of paying high prices for premium goods that are free-from titanium dioxide. In countries like the USA, China, Japan and India, customers prefer more expensive natural products. Increasingly shifting lifestyles in developing markets and growing demand for cosmetics like sunscreen due to changing climate conditions are expected to have a positive effect on growth.
A shift in preference towards natural and organic free-from titanium dioxide products is expected to bolster market growth, especially in European and North American countries. In addition, the growing demand for free-from titanium dioxide beauty products has provided opportunities for producers to innovate and develop new products according to customer preferences.
Some of the limitations associated with the free-from titanium dioxide market are high price and low shelf-life compared to conventional foods in the organic food and beverage industry. In the recent past, there has also been a shift in consumer behavior due to the stagnating economy in which consumers want to buy products at discounted prices.
The competitive market for titanium dioxide is identified by the existence of numerous major players that cater to the global demand. The companies compete mainly on the basis of the type of item because the players have similar portfolios. Manufacturers set great store by widening their footprints in an effort to increase product share and drive revenues.
Companies are spreading their services to cater for the emerging economies' rising needs. Countries like China and India are expected to offer players new opportunities for expansion over the forecast year due to the growing population.
The key market players in the free-from titanium dioxide market
The research report presents a comprehensive assessment of the conjugated free-from titanium dioxide market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as product type and distribution channel.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Analysis and Forecast 6.1. Product Type 6.2. Distribution Channel 7. Global Analysis and Forecast, By Product Type 7.1. Food & Beverages 7.2. Cosmetics 7.3. Personal Care 7.4. Others 8. Global Analysis and Forecast, By Distribution Channel 8.1. Hypermarket/Supermarket 8.2. Specialty Stores 8.3. Discount Stores 8.4. Modern Grocery Stores 8.5. Traditional Grocery Stores 8.6. e-Retail 9. Global Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Oceania 9.7. Middle East & Africa 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Europe Sales Analysis and Forecast, by Key Segments and Countries 13. East Asia Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. Oceania Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Product Type and Distribution Channel for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. WhiteWave Foods Co. 19.2. Hain Celestial Group, Inc. 19.3. General Mills Inc. 19.4. US$ Bned Natural Foods, Inc. 19.5. SpartanNash Company 19.6. Amy's Kitchen, Inc. 19.7. Dean Foods Company 19.8. Starbucks Corporation 19.9. The Kroger Co. and Whole Foods Market Inc. 19.10. Arbonne International, LLC 19.11. Yves Rocher 19.12. Amway 19.13. Oriflame,L’Oréal 19.14. Colorado Quality Products 19.15. Procter & Gamble 19.16. The Estée Lauder Companies Inc.
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