The global Food & Beverage Color Fixing Agents Market will be worth $5.27 billion USD by 2028, up from $2.97 billion USD in 2021. Between 2022 and 2028, the market is expected to expand 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 provides an in-depth analysis of the market's competition, constraints, revenue projections, opportunities, changing trends, and industry-confirmed data. The report contains historical data from 2018 to 2021 as well as a revenue-based forecast from 2022 to 2028. (Priced in US dollars).
Color Fixing Agents in Food and Beverage Market: Overview
Color-changing chemicals are primarily used as 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.
Because of 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 to give food a sour taste.
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.
Furthermore, rising disposable income and increased demand for salt and cure meat are expected to be major drivers of the global food and beverage colour fixing agents market. Furthermore, the global rise in poultry and fish markets, as well as the rapid rise in the meat industry, are driving the growth of the food and beverage colour fixing agents market.
Color Fixing Agents in Food and Beverage Market: Growth Drivers
As fish output and consumption increase, the industry for food and beverage colour fixing chemicals will expand in the coming years. The market will grow in the coming years as consumer spending increases and lifestyles change. Consumer eating habits are changing, and per capita income is rising.
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:
Poultry & Fish
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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