Food and Beverages Color Fixing Agents Market Size was valued at USD 3.1 Billion in 2022. The Food and Beverages Color Fixing Agents Market industry is projected to grow from USD 3.2 Billion in 2023 to USD 5.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.60% during the forecast period (2023 - 2032). Increasing demand for visually appealing food products, as well as increased consumption of processed and packaged foods are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The rising demand for sodium nitrite as a color-fixing ingredient in food and beverages is a major driver of food and beverages color fixing agents market CAGR. Because of its capacity to keep the colour, flavour, and quality of numerous food products, sodium nitrite is a common constituent in color-fixing agents. It functions as a potent antioxidant and antibacterial agent, assisting in the prevention of colour degradation and the preservation of product freshness.
In the culinary business, sodium nitrite is highly sought after for its role in preserving the brilliant red colour of cured meats such as bacon, ham, and hot dogs. It not only improves the visual attractiveness of these items, but it also aids in the inhibition of the growth of hazardous bacteria, ensuring food safety.
Furthermore, sodium nitrite is used as a color-fixing ingredient in beverages such as wine to keep the right colour and avoid oxidation. The expanding consumption of processed and packaged foods, as well as the growing taste for aesthetically appealing and high-quality food and beverages, can be related to the rising need for sodium nitrite in color-fixing agents.
Additionally, the increasing use of food and beverage colour fixing agents in the poultry and fish segments is a primary driver of market expansion. In these industries, colour fixing chemicals are used to improve the visual attractiveness of poultry and fish products, making them more appealing to consumers. Colour fixing chemicals are extensively used in the poultry business to improve the appearance of chicken and turkey meat. These compounds aid in the preservation of the appropriate colour and the prevention of discoloration that may develop during processing or storage.
Similarly, colour fixing chemicals are used in the fish sector to improve the natural colour of fish fillets and seafood items. They aid in the preservation of the brilliant colours of fish like salmon and trout, ensuring that they stay aesthetically appealing to consumers. The growing demand for visually appealing poultry and fish products, combined with the necessity for uniform colour and quality, has resulted in a greater use of colour fixing chemicals in these markets.
In conclusion, the increasing use of food and beverage colour fixing agents in the poultry and fish segment is propelling market growth by helping to match consumer expectations for visually appealing and high-quality chicken and fish products.
The Food and Beverages Color Fixing Agents Market segmentation, based on Application includes dairy, meat, bakery, poultry & fish, beverages. During the forecast period, the meat segment is expected to dominate the worldwide food & beverage colour fixing agents market due to rising disposable income and rising meat consumption in emerging nations. Furthermore, rising demand for high nutrient-enriched food and rising health consciousness among the public would drive the growth of the worldwide food & beverages colour fixing agents market. According to the World Health Organization (WHO), meat production is expected to rise by 376 million tonnes by 2030, while per capita meat consumption will rise by 45.3 kg.
The Food and Beverages Color Fixing Agents Market segmentation, based on Product, includes potassium nitrate, potassium nitrite, sodium nitrate and sodium nitrite. Because of its numerous applications in the food business, sodium nitrate is the market's fastest expanding segment. To improve the appearance and prevent colour fading in processed foods such as bacon and hot dogs, sodium nitrate is widely used as a colour fixing agent. Food manufacturers value it for its ability to preserve the natural colour of meat products. Furthermore, sodium nitrate is utilized in the manufacture of cured and smoked fish, as well as certain cheese variations. The rising demand for aesthetically appealing, a high-quality food product is propelling the sodium nitrate section of the Food and Beverage Colour Fixing Agents market forward.
Figure1: Food and Beverages Color Fixing Agents Market, by Product, 2022&2032(USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America is the dominant region in the Food and Beverage Colour Fixing Agents market for a variety of reasons. One of the key factors is the region's high consumption of processed food and beverages. The food business in North America is well-established and well-known for its varied range of processed food products. Colour fixing chemicals are frequently required for these items to retain their aesthetic appeal and quality. Furthermore, strict rules and standards governing food safety and quality in North America fuel the demand for colour fixing agents that are permitted for use in food and drinks.
Further, the major countries studied in the market report are TheUS, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: FOOD AND BEVERAGES COLOR FIXING AGENTS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Food and Beverages Color Fixing Agents Market accounts for the second-largest market share. This region's consumers are boosting their consumption of preserved drinks and meat. Further, the German Food and Beverages Color Fixing Agents Market held the largest market share, and the UK Food and Beverages Color Fixing Agents Market was the fastest growing market in the European region
The Asia-Pacific Food and Beverages Color Fixing Agents Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because of the fast-moving lifestyle of customers and increased consumer expenditure in this region. Furthermore, the expansion and growth of the dairy industry will drive market growth in this region. Moreover, China’s Food and Beverages Color Fixing Agents Market held the largest market share, and the Indian Food and Beverages Color Fixing Agents Market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Food and Beverages Color Fixing Agents Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Food and Beverages Color Fixing Agentsindustry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Food and Beverages Color Fixing Agents industry to benefit clients and increase the market sector. In recent years, the Food and Beverages Color Fixing Agents industry has offered some of the most significant advantages to medicine. Major players in the Food and Beverages Color Fixing Agents Market, including Merck KGaA, American Elements, Airedale Chemicals, Spectrum Chemicals, Yara International ASA, Sonac USA LLC, Akzo Nobel NV, Aldon Corporation, Mitsubishi Chemical Corporation, Old Bridge Chemicals and others, are attempting to increase market demand by investing in research and development operations.
The Merck Group, also known as Merck, is a German multinational science and technology corporation headquartered in Darmstadt, Germany, with around 60,000 workers and a presence in 66 countries. The group consists of over 250 companies, the largest of which is Merck KGaA in Germany. Healthcare, Life Sciences, and Electronics are the company's three business lines. The oldest continuously operating chemical and pharmaceutical firm and one of the biggest in the world, Merck was established in 1668. Merck announced the acquisition of Versum Materials in April 2019. The transaction, which had an equity value of almost $5.8 billion, was finished in October 2019.
American Elements is a manufacturer and distributor of advanced materials, with a 35,000-page online product catalogue and encyclopedia of information on chemical elements, sophisticated materials, and high-tech applications. The headquarters and educational programs of the corporation are situated in Los Angeles, California. Its research and manufacturing facilities are in Salt Lake City, Mexico, Baotou, Utah, Monterrey, China, and Manchester, United Kingdom. In November 2020, American Elements established a new production group focused to life science and organic chemistry products as part of its development into the life sciences business.
Food and Beverages Color Fixing Agents Industry Developments
March 2019, Givaudan introduced vegemite ultimate spirulina food cooling to meet the growing demand in the confectionary and beverage industries for natural green and blue colours.
July 2019, Mitsubishi Chemical Corporation increased its yearly ethylene vinyl alcohol copolymer manufacturing capacity from 3000 to 41000 tons through its subsidiary Noltex till 2020. Ethylene vinyl alcohol copolymer is utilized in the manufacture of packaging materials that improve food quality.
| Report Attribute/Metric | Details |
| Market Size2022 | USD 3.1Billion |
| Market Size 2023 | USD 3.2Billion |
| Market Size2032 | USD 5.0 Billion |
| Compound Annual Growth Rate (CAGR) | 5.60% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Application, Product, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â Merck KGaA, American Elements, Airedale Chemicals, Spectrum Chemicals, Yara International ASA, Sonac USA LLC, Akzo Nobel NV, Aldon Corporation, Mitsubishi Chemical Corporation, Old Bridge Chemicals. |
| Key Market Opportunities | Increasing the number of new beneficial initiatives and plans for organic aquaculture. |
| Key Market Dynamics | Increasing demand for sodium nitrite as a color-fixing agent in food and beverages |
Food and Beverages Color Fixing Agents Market Highlights:
Frequently Asked Questions (FAQ) :
The Food and Beverages Color Fixing Agents Market size was valued at USD 3.1Billion in 2022.
The market is projected to grow at a CAGR of 5.60% during the forecast period, 2023-2032.
North America had the largest share in the market
The key players in the market are Merck KGaA, American Elements, Airedale Chemicals, Spectrum Chemicals, Yara International ASA, Sonac USA LLC.
The meat category dominated the market in 2022.
The sodium nitrate had the largest share in the market.
Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.Â
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
