The chlorophyll color market is projected to experience significant growth, with an estimated value of US$ 151 million in 2023, expected to reach US$ 370.3 million by 2033 at a CAGR of 9.0%.
The demand for shelf-stable food color is increasing due to temperature, moisture control, light exposure, and color variation, which significantly impact a food product’s shelf life. As food manufacturers strive to achieve desired colors using natural ingredients, the adoption of chlorophyll color is expected to rise.
The rising demand for natural and plant-based food ingredients is also contributing to the market’s expansion. The increasing trend of veganism worldwide has led to a surge in demand for plant-based ingredients and natural products. Moreover, food manufacturers’ launch of allergen-free products further fuels the demand for natural food colors.
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The implementation of stringent regulations plays a crucial role in chlorophyll color sales. Government organizations and regulatory agencies heavily influence the food color market through rules and regulations.
Changes in rules, such as the EU rule EC No. 1333/2008 on food additives, led to the substitution of chlorophyll in ice cream. Chlorophyll is no longer permitted for use in ice cream. These evolving norms and regulations can impact the industry positively.
The chlorophyll color market is experiencing significant growth in different regions. In North America, the United States hold a market share of 32.7% in 2022, driven by the increasing demand for processed food and the application of chlorophyll color in bakery products.
Germany leads the market in EMEAI, accounting for US$ 8.7 million in 2021 and capturing 10.0% of the value share in 2022. The demand for premium pet food and the willingness of consumers to pay more for quality products are driving growth in Germany.
Conventional chlorophyll color holds a substantial share of 74.30% in the global market due to its established methods and consumer preference for familiar products.
The beverage industry is a key driver for sales, with a share of over 24.0% in 2022, driven by the increasing demand for natural food ingredients. The candy/confectionary segment is also expected to witness high growth in the market.
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Competitive Landscape
Leading food companies widely utilize chlorophyll color to fulfill the increased need for components from natural resources. Furthermore, market participants are implementing techniques that allow them to grow their network and reach numerous consumers.
- Symrise AG, a flavor and fragrance manufacturer, revealed its comprehensive variety of Diana food blueberry components and active compounds in June 2022. Like other items in the natural component range, it has various qualities and performance benefits. Competitiveness, diverse organoleptic qualities, application-specific high-quality criteria such as infant food, distinct certification such as organic, and the possibility to claim health advantages are among them.
- DDW bought DuPont Natural Colours, part of DuPont’s Nutrition & Biosciences group, in 2019. As a result of the acquisition, DDW’s global presence as a provider of natural color solutions for the food and beverage industries can be enhanced. Along with technical and manufacturing capabilities in several vital natural colors.
Key Companies Profiled
- CHR Hansen Holding A/S (Denmark)
- Koninklijke DSM N.V. (Netherlands)
- Sensient Technologies Corporation
- Archer Daniels Midland Company
- Döhler Group (Germany)
- D. Williamson & Co., Inc.
- Naturex S.A. (France)
- Aromata Group S.r.l (Italy)
- Kalsec Inc.
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Chlorophyll Color Market Segmentation
By Nature:
- Organic
- Conventional
By Application:
- Beverage
- Bakery, Snacks, & Cereal
- Candy / Confectionery
- Dairy
- Fruit Preparations / Fillings
- Meat, Poultry, Fish, & Eggs
- Potatoes, Pasta, & Rice
- Sauces, Soups, & Dressings
- Seasonings
- Pet Food
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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