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Historical Year
Forecast Year
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.
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.
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.
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.
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.
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.
| 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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Latin America Food Colours Market Size
Latin America Food Colours Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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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Australia
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+61-448-061-727
India
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+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
United Kingdom
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+44-753-713-2163
United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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