Global Food & Beverages Color Fixing Agents Market Size, Share,...

Global Food & Beverages Color Fixing Agents Market Size, Share, Growth Report 2030

Posted 2023-03-14 07:48:22

The global Food & Beverage Color Fixing Agents Market was worth $2.97 billion USD in 2021 and is expected to be worth $5.27 billion USD by 2028. Between 2022 and 2028, the market is expected to grow at a CAGR of nearly 5.3%.

The report provides a global and regional overview and analysis of the market for food and beverage colour fixing agents. The study examines the market's competition, constraints, revenue projections, opportunities, changing trends, and industry-confirmed data in depth. The report includes historical data from 2018 to 2021, as well as a revenue-based forecast for 2022 to 2028. (Priced in US dollars).

Food & Beverages Color Fixing Agents Market: Overview

Color-fixing chemicals in food and beverages are mostly used as food preservatives in foods like chicken, fish, bread, meat, and dairy products. These products add a crimson tint to foods, reduce flavour, and keep microorganisms at bay. Furthermore, food and beverage colour fixing agents are frequently used in the preparation of alcoholic and non-alcoholic beverages due to their antibacterial and antioxidant properties.

Due to their antioxidant and antibacterial properties, food and beverage colour fixing agents are widely used in the production of beverages such as non-alcoholic and alcoholic drinks. These agents are also used in food to impart a sour flavour.

The increase in demand for meat, poultry, and fish products is a major driving factor in the food and beverage colour fixing agents market. Furthermore, the rise in consumer spending, as well as the rapid change in consumer lifestyle, are expected to drive the overall demand for food and beverage colour fixing agents market from 2021 to 2028.

Moreover, the rise in disposable income and rise in the demand for salt and cure meat are also expected to serve as foremost drivers for the food and beverages color fixing agents market at a global level. In addition, the rise in poultry and fish markets and rapid rise in the meat industry across the globe are also lifting the growth of the food and beverages color fixing agents market.

Food & Beverages Color Fixing Agents Market: Growth Drivers

As fish output and consumption increase, the industry for food and beverage colour fixing chemicals will grow in the coming years. The market will expand in the coming years as consumer spending increases and lifestyles shift. The changing eating habits of consumers, combined with rising per capita income, will lead to a massive increase in the market for food and beverage colour fixing agents.

Food & Beverages Color Fixing Agents Market: Competitive Landscape

Key players impacting growth of food & beverages color fixing agents industry and profiled in study are Merck KGaA, American Elements, Airedale Chemicals, Spectrum Chemicals, Yara International ASA, Sonac USA LLC, Akzo Nobel NV, Aldon Corporation, Mitsubishi Chemical Corporation, and Old Bridge Chemicals.

The global Food & Beverages Color Fixing Agents Market is segmented as follows:

By Application

Dairy

Meat

Bakery

Poultry & Fish

Beverages

By Product

Potassium Nitrate

Potassium Nitrite

Sodium Nitrate

Sodium Nitrite