The titanium dioxide color market size is expected to be a total of US$ 34 million in 2023. The market is projected to proceed at a CAGR of 3% through 2033. By the end of the forecast period, the market is anticipated to generate a revenue of US$ 44.9 million.
In the food industry, applications of titanium dioxide color are rising. This element is used as a food additive and to extend the shelf life of the products. New research studies are expected to emerge with innovative use cases for the product. On account of this, global titanium dioxide color products, in terms of value, are anticipated to rise at 3% CAGR through 2033.
Factors Inducing the Generation of Titanium Dioxide Color Market Revenue include:
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Due to the light-scattering properties of the product, end users are adding a little amount of titanium dioxide color to enhance the opacity of certain foods and bakery items.
As the size remains under 100 nanometers (in diameter) for ideal light scattering, titanium dioxide is extensively used for bakery items. However, to be added to food, there should be 99% purity of this additive, then only it can be used in bakery product formulation.
The unique properties of titanium dioxide color, such as its stability, whiteness, and ultraviolet (UV) light absorbance, make the product effective as a white colorant in bakery items. It is also 5x more efficient than the alternatives available in the market. Additionally, a very low level of titanium dioxide color is required to gain the desired effect in the final product. Hence, the adoption of titanium dioxide color in bakery products is expected to increase over the forecast period.
Despite the global regulatory acceptance, the usage of titanium dioxide color in France and the European Union is still not applicable. The ANSES (The French Agency for Food, Environmental, and Occupational Health and Safety) submitted a proposal to ECHA (European Chemicals Agency).
However, both ECHA and EFSA (European Food Safety Association) dismissed the proposal as there was not enough evidence to support the remarks. This might limit the sales of titanium dioxide color.
Recently, EFSA again issued a scientific opinion regarding the components of titanium dioxide color. As per the research, in the United States, titanium dioxide color can be used as a safe colorant, if the food product contains less than 1%, according to FDA.
Several other countries, such as Mexico, Canada, Venezuela, Australia, China, Japan, and New Zealand, are also using titanium dioxide color as an approved food color.
Attribute | Details |
---|---|
Titanium Dioxide Color Market Size Value in 2023 | US$ 34 million |
Titanium Dioxide Color Market Forecast Value by 2033 | US$ 44.9 million |
Titanium Dioxide Color Market Growth Rate (2023 to 2033) | 3% CAGR |
Collective Value Share: Top 3 Countries (2023) | 34.6% |
Historical Figures:
2018 | US$ 30.5 million |
---|---|
2022 | US$ 32.42 million |
Forecast Figures:
2023 | US$ 34 million |
---|---|
2033 | US$ 44.9 million |
Key players of global titanium dioxide color products are focusing on new product lines, as consumers are trying new food products. As per Future Market Insights (FMI), the demand for titanium dioxide color is increasing in the food industry as a food color additive.
Sales are also expected to surge as new food products are being launched with changing preferences for food worldwide. Revenue from sales of candy products, beverages, and bakery products is projected to increase substantially in countries such as the United States, Germany, India, Japan, and China.
According to the latest analysis report, leading players in the titanium dioxide color market are focusing on innovative products, such as beverages and snacks for children.
FMI projects the market is estimated to exhibit steady growth at 3% CAGR between 2023 and 2033. This is a significant rise from the 1.5% CAGR registered between 2018 and 2022.
Year | Market Size |
---|---|
2025 | US$ 36.07 million |
2028 | US$ 38.49 million |
2033 | US$ 44.9 million |
Country | The United States |
---|---|
Value Share (2022) | 32.9% |
Market Size (2022) | US$ 10.7 million |
Market Size (2023) | US$ 11.2 million |
Country | Germany |
---|---|
Value Share (2022) | 9.9% |
Market Size (2022) | US$ 3.2 million |
Market Size (2023) | US$ 3.4 million |
Country | Japan |
---|---|
Value Share (2022) | 3.3% |
Market Size (2022) | US$ 1.06 million |
Market Size (2023) | US$ 1.2 million |
Country | Australia |
---|---|
Value Share (2022) | 2.6% |
Market Size (2022) | US$ 0.84 million |
Market Size (2023) | US$ 0.88 million |
Favorable Regulatory Norms for Titanium Dioxide Pigment Color to Drive Sales in the United States
According to FMI, the United States is projected to continue dominating the global titanium dioxide color market over the forecast period. As per the study, the United States accounted for 32.9% of market share in 2022. In 2023, the market is expected to amount to US$ 11.2 million.
With the United States FDA-approved titanium dioxide color as an active ingredient in various food product formulations, the demand for titanium dioxide color in the United States surged. Additionally, it is being used vividly as a color additive in different chocolates, cookies, gums, drinks, batters, and other applications.
As approved and updated by FDA in 2021, titanium dioxide color can be used as a color additive. The element can be used in both water-soluble substances and acid-soluble substances, strictly depending upon the percentage. This product is also exempted from certification, as this is not necessary for the protection of public health, as stated by FDA. However, proper labeling must be done whenever the product is used. Such favorable regulatory norms have accelerated the demand for titanium dioxide pigment color in the United States.
Germany’s titanium dioxide color market held a 9.9% market share in 2022. In the same year, the market recorded a market revenue of US$ 3.2 million. By 2023, the market is projected to be worth US$ 3.4 million.
Consumption of titanium dioxide color in Germany was estimated at around 1 mg/kg of body weight per day, as per the study. While, this data was refined for different food categories in other countries such as Italy, and the United Kingdom. The amount was maximum in Germany (it is < 1 for other countries).
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Country | China |
---|---|
Forecast CAGR (2023 to 2033) | 4.7% |
Country | India |
---|---|
Forecast CAGR (2023 to 2033) | 3.9% |
Country | The United Kingdom |
---|---|
Forecast CAGR (2023 to 2033) | 4.7% |
Titanium dioxide color is mainly extracted from the mineral called ilmenite, which can easily be found in the metamorphic regions, rocky areas, and beach sands of India. Due to the easy availability of raw materials in India, manufacturers are expanding their business for titanium dioxide color.
Growth prospects in India for titanium dioxide color are also likely to increase with the significant expansion of consumer inclination toward beverages. As per FMI, India is currently expanding in the titanium dioxide color market at a CAGR of 3.9%.
Japan manufactures a significant proportion of titanium dioxide color in the Asia Pacific region. Consequently, making it a crucial exporter of the element in the region. The demand is projected to increase with technological advancements and diversifying usage of titanium dioxide color in the country. On account of this, Japan is projected to hold a market share of more than 3.3% in 2023.
According to FMI’s analysis, China is estimated to account for more than 40.3% of the market share in Asia Pacific. In China, with an increasing number of projects related to titanium dioxide color, the production capacity is being extended. The country is expected to assume a CAGR of 4.7% over the forecast period.
The notable increase in small titanium dioxide color plants is also boosting the production capacities while using the sulfate route for the production process. Additionally, increasing demand for food coloring in processed fruit, candy, fat spreads, cheese products, etc., is also propelling product sales.
Category | Application |
---|---|
Top Segment | Candy / Confectionery |
Market Share | 24.5% |
Adoption of Titanium Dioxide in Candy / Confectionery to Propel the Demand in the Food Industry
The demand for titanium dioxide color is driven by its various applications related to the food industry for different beverages and bakery products. These two segments along with the candy and candy/ confectionery segment are anticipated to hold more than 60.2% of the market share in 2023.
Usage of titanium dioxide color in chocolate & compound coatings and hard candies are expected to contribute to market share, accounting for, 6.7% and 6.2% of the share respectively in 2023.
According to FMI, the potatoes, pasta, & rice, and pet food segment are projected to exhibit growth at a CAGR of 2.9%, collectively, over the forecast period.
Segment | Candy / Confectionery |
---|---|
Market Share (2022) | 24.5% |
Market Size (2022) | US$ 7.9 million |
Market Size (2023) | US$ 8.3 million |
New trends pertinent to candies and confectionery are driving the adoption of titanium dioxide color as pigment and food color. Titanium dioxide color, being a crucial component for these products, is gaining traction for manufacturers to cater to the increasing demand. Innovations in the confectionery segment in terms of ice frosting, texture, flavor, and appearance are favorably affecting the candy/ confectionery segment.
As per FMI, the candy/confectionery segment held 24.5% of the market share. In 2022, the segment accounted for US$ 7.9 million. In 2023, the market is estimated to generate a total value of US$ 8.3 million.
Titanium dioxide color has become an emerging component with tremendous possible practical applications in the food industry. The fine white powdered titanium dioxide color is significantly used as a pigment, which is also called titanium white. It is also resistant to other chemical attacks while displaying amazing thermal stability and absorbing UV light. All these properties are driving the titanium dioxide color market.
Tronox operates 4 chemical manufacturing plants in 3 countries being a global leader in mining and production of chemicals and inorganic minerals with 3 titanium dioxide color plants in the United States, Australia, and the Netherlands. The company actively operates mines in South Africa and Australia as well.
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | US$ million for Value |
Key Countries Covered | The United States, Canada, Mexico, Brazil, Peru, Argentina, Chile, Colombia, Rest of Latin America, Germany, Italy, France, the United Kingdom, Spain, India, GCC Countries, South Africa, Japan, China, South Korea, etc. |
Key Regions Covered | North America; Latin America; the Asia Pacific; Europe; the Middle East; and Africa |
Key Segments Covered | Application and Region |
Key Companies Profiled | Tronox Incorporated; DuPont; Huntsman; Evonik Industries; Millennium Chemicals; Kronos; Ishihara Sangyo Kaisha, Ltd.; The Chemours Company; Lomon Billions Group; Others |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization and Pricing | Available upon Request |
The market may develop at a 3.0% CAGR through 2033.
The market is expected to be estimated US$ 34 million in 2023.
The market is expected to surpass US$ 44.9 million by 2033.
Germany is a considerable market that generates 9.9% of global revenues.
The market share is going to be commanded by the United States market, which accounts for 32.9%.
From 2018 to 2022, the market advanced at a 1.5% CAGR.
In terms of value, the candy/confectionery sector constitutes 24.5% of the market.
1. Executive Summary | Titanium Dioxide Color Market
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 Buyers
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$ Billion) & Volume (Tonnes) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Billion) & Volume (Tonnes) 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 Application
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Billion) & Volume (Tonnes) Analysis By Application, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Billion) & Volume (Tonnes) Analysis and Forecast By Application, 2023 to 2033
5.3.1. Beverage
5.3.2. Bakery, Snacks, & Cereal
5.3.3. Candy / Confectionery
5.3.4. Dairy
5.3.5. Fruit Preparations / Fillings
5.3.6. Meat, Poultry, Fish, & Eggs
5.3.7. Potatoes, Pasta, & Rice
5.3.8. Sauces, Soups, & Dressings
5.3.9. Seasonings
5.3.10. Pet Food
5.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
6.1. Introduction
6.2. Historical Market Size Value (US$ Billion) & Volume (Tonnes) Analysis By Region, 2018 to 2022
6.3. Current Market Size Value (US$ Billion) & Volume (Tonnes) Analysis and Forecast By Region, 2023 to 2033
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa(MEA)
6.4. Market Attractiveness Analysis By Region
7. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
7.1. Historical Market Size Value (US$ Billion) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022
7.2. Market Size Value (US$ Billion) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033
7.2.1. By Country
7.2.1.1. United States of America
7.2.1.2. Canada
7.2.2. By Application
7.3. Market Attractiveness Analysis
7.3.1. By Country
7.3.2. By Application
7.4. Key Takeaways
8. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Billion) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Billion) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. Brazil
8.2.1.2. Mexico
8.2.1.3. Rest of Latin America
8.2.2. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Application
8.4. Key Takeaways
9. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Billion) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Billion) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Germany
9.2.1.2. United Kingdom
9.2.1.3. France
9.2.1.4. Spain
9.2.1.5. Italy
9.2.1.6. Russia
9.2.1.7. Rest of Europe
9.2.2. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Application
9.4. Key Takeaways
10. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Billion) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Billion) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. China
10.2.1.2. Japan
10.2.1.3. India
10.2.1.4. South Korea
10.2.1.5. Australia
10.2.1.6. Rest of APAC
10.2.2. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Application
10.4. Key Takeaways
11. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Billion) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Billion) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. South Africa
11.2.1.2. Saudi Arabia
11.2.1.3. United Arab Emirates(UAE)
11.2.1.4. Israel
11.2.1.5. Rest of Middle East and Africa(MEA)
11.2.2. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Application
11.4. Key Takeaways
12. Key Countries Market Analysis
12.1. Value (US$ Billion) & Volume (Tonnes)
12.1.1. Pricing Analysis
12.1.2. Market Share Analysis, 2022
12.1.2.1. By Application
12.2. Canada
12.2.1. Pricing Analysis
12.2.2. Market Share Analysis, 2022
12.2.2.1. By Application
12.3. Brazil
12.3.1. Pricing Analysis
12.3.2. Market Share Analysis, 2022
12.3.2.1. By Application
12.4. Mexico
12.4.1. Pricing Analysis
12.4.2. Market Share Analysis, 2022
12.4.2.1. By Application
12.5. Germany
12.5.1. Pricing Analysis
12.5.2. Market Share Analysis, 2022
12.5.2.1. By Application
12.6. United Kingdom
12.6.1. Pricing Analysis
12.6.2. Market Share Analysis, 2022
12.6.2.1. By Application
12.7. France
12.7.1. Pricing Analysis
12.7.2. Market Share Analysis, 2022
12.7.2.1. By Application
12.8. Spain
12.8.1. Pricing Analysis
12.8.2. Market Share Analysis, 2022
12.8.2.1. By Application
12.9. Italy
12.9.1. Pricing Analysis
12.9.2. Market Share Analysis, 2022
12.9.2.1. By Application
12.10. Russia
12.10.1. Pricing Analysis
12.10.2. Market Share Analysis, 2022
12.10.2.1. By Application
12.11. China
12.11.1. Pricing Analysis
12.11.2. Market Share Analysis, 2022
12.11.2.1. By Application
12.12. Japan
12.12.1. Pricing Analysis
12.12.2. Market Share Analysis, 2022
12.12.2.1. By Application
12.13. India
12.13.1. Pricing Analysis
12.13.2. Market Share Analysis, 2022
12.13.2.1. By Application
12.14. South Korea
12.14.1. Pricing Analysis
12.14.2. Market Share Analysis, 2022
12.14.2.1. By Application
12.15. Australia
12.15.1. Pricing Analysis
12.15.2. Market Share Analysis, 2022
12.15.2.1. By Application
12.16. South Africa
12.16.1. Pricing Analysis
12.16.2. Market Share Analysis, 2022
12.16.2.1. By Application
12.17. Saudi Arabia
12.17.1. Pricing Analysis
12.17.2. Market Share Analysis, 2022
12.17.2.1. By Application
12.18. UAE
12.18.1. Pricing Analysis
12.18.2. Market Share Analysis, 2022
12.18.2.1. By Application
12.19. Israel
12.19.1. Pricing Analysis
12.19.2. Market Share Analysis, 2022
12.19.2.1. By Application
13. Market Structure Analysis
13.1. Competition Dashboard
13.2. Competition Benchmarking
13.3. Market Share Analysis of Top Players
13.3.1. By Regional
13.3.2. By Application
14. Competition Analysis
14.1. Competition Deep Dive
14.1.1. Tronox Incorporated
14.1.1.1. Overview
14.1.1.2. Product Portfolio
14.1.1.3. Profitability by Market Segments
14.1.1.4. Sales Footprint
14.1.1.5. Strategy Overview
14.1.1.5.1. Marketing Strategy
14.1.1.5.2. Product Strategy
14.1.1.5.3. Channel Strategy
14.1.2. DuPont
14.1.2.1. Overview
14.1.2.2. Product Portfolio
14.1.2.3. Profitability by Market Segments
14.1.2.4. Sales Footprint
14.1.2.5. Strategy Overview
14.1.2.5.1. Marketing Strategy
14.1.2.5.2. Product Strategy
14.1.2.5.3. Channel Strategy
14.1.3. Huntsman
14.1.3.1. Overview
14.1.3.2. Product Portfolio
14.1.3.3. Profitability by Market Segments
14.1.3.4. Sales Footprint
14.1.3.5. Strategy Overview
14.1.3.5.1. Marketing Strategy
14.1.3.5.2. Product Strategy
14.1.3.5.3. Channel Strategy
14.1.4. Evonik Industries
14.1.4.1. Overview
14.1.4.2. Product Portfolio
14.1.4.3. Profitability by Market Segments
14.1.4.4. Sales Footprint
14.1.4.5. Strategy Overview
14.1.4.5.1. Marketing Strategy
14.1.4.5.2. Product Strategy
14.1.4.5.3. Channel Strategy
14.1.5. Millennium Chemicals
14.1.5.1. Overview
14.1.5.2. Product Portfolio
14.1.5.3. Profitability by Market Segments
14.1.5.4. Sales Footprint
14.1.5.5. Strategy Overview
14.1.5.5.1. Marketing Strategy
14.1.5.5.2. Product Strategy
14.1.5.5.3. Channel Strategy
14.1.6. Kronos
14.1.6.1. Overview
14.1.6.2. Product Portfolio
14.1.6.3. Profitability by Market Segments
14.1.6.4. Sales Footprint
14.1.6.5. Strategy Overview
14.1.6.5.1. Marketing Strategy
14.1.6.5.2. Product Strategy
14.1.6.5.3. Channel Strategy
14.1.7. Ishihara Sangyo Kaisha, Ltd.
14.1.7.1. Overview
14.1.7.2. Product Portfolio
14.1.7.3. Profitability by Market Segments
14.1.7.4. Sales Footprint
14.1.7.5. Strategy Overview
14.1.7.5.1. Marketing Strategy
14.1.7.5.2. Product Strategy
14.1.7.5.3. Channel Strategy
14.1.8. The Chemours Company
14.1.8.1. Overview
14.1.8.2. Product Portfolio
14.1.8.3. Profitability by Market Segments
14.1.8.4. Sales Footprint
14.1.8.5. Strategy Overview
14.1.8.5.1. Marketing Strategy
14.1.8.5.2. Product Strategy
14.1.8.5.3. Channel Strategy
14.1.9. Lomon Billions Group
14.1.9.1. Overview
14.1.9.2. Product Portfolio
14.1.9.3. Profitability by Market Segments
14.1.9.4. Sales Footprint
14.1.9.5. Strategy Overview
14.1.9.5.1. Marketing Strategy
14.1.9.5.2. Product Strategy
14.1.9.5.3. Channel Strategy
14.1.10. Tayca Corporation
14.1.10.1. Overview
14.1.10.2. Product Portfolio
14.1.10.3. Profitability by Market Segments
14.1.10.4. Sales Footprint
14.1.10.5. Strategy Overview
14.1.10.5.1. Marketing Strategy
14.1.10.5.2. Product Strategy
14.1.10.5.3. Channel Strategy
15. Assumptions & Acronyms Used
16. Research Methodology
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