Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Latin America Food Colours 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.

 

Latin America Food Colours 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.

 

Latin America Food Colours Market Report Snapshots

Latin America Food Colours Market Size

Latin America Food Colours Market Share

Latin America Food Colours Market Analysis

Latin America Food Colours Companies

 

*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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Outline the Scope

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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