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North America held the largest share in F&B color fixing agents market in 2018 and accounted for over 35% of the overall revenue in the same year. Matured bakery and growing poultry & fish markets in the region shall fuel the product demand during the forecast period. Asia Pacific food & beverages color fixing agents market shall grow with a highest CAGR of 4.7% in near future. Rapidly growing meat and poultry & fish industry in the region will drive the food & beverages color fixing agents market over the forecast timespan.Asia Pacific was the fastest growing region in food & beverages color fixing agents market in 2018 and projected to gain the promising market share by the end of forecast period. This can be attributed to the changing lifestyle and increasing consumer spending in the region from past several years. In addition, increasing urbanization and fast-moving lifestyle will propel the food & beverages color fixing agents demand over the stipulated time period. Food & beverages color fixing agents demand in Latin America shall grow with a healthy CAGR in coming years.
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Meat was the largest application segment in 2018 and forecast to remain the largest by 2025. Increasing disposable income and demand for high nutrient enriched food will propel the meat market growth in next few years. In addition, positively growing beverages industry will accelerate the food & beverages color fixing agents market growth over the forecast period.
Product demand in beverages and poultry & fish application segment anticipated to grow with 4.6% CAGR by 2025. Prominently growing sea food industry anticipated to create more growth avenues for food & beverages color fixing agents market. The growth in fish market can be attributed to the innovations and variations in seafood dishes and increasing proteinaceous fat-free food demand across the globe.
Sodium nitrite was having the largest share in F&B color fixing agents market in 2018 and accounted for over 45% of the overall demand. This can be attributed to the availability of the product and high usage in meat industry. Increasing demand for processed meat shall drive the sodium nitrite food & beverages color fixing agents market during the forecast timespan.
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Potassium nitrite-based food & beverages color fixing agents demand is forecast to experience a significant growth number in near future. Increasing color fixing agents demand in meat industry is forecast to accelerated color fixing agent demand in coming years. With increasing processed and preserved meat market potassium nitrite-based food & beverages color fixing agents demand is forecast to grow with a high CAGR in near future.
Poultry & fish was another major product application segment in 2018 and projected to grow with a healthy CAGR during the forecast period. This can be attributed to the rise in consumer awareness about health nutrition. According FAO global fish production in 2011 was 154 million tons which surpassed 175 million tons in 2018 and forecast to grow with a significant CAGR in near future. Color fixing agents in fish are used to preserve the taste and color of fish, due to high product demand from poultry and fish application F&B color fixing agents market is forecast to grow with a rapid CAGR in near future.
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Global F&B color fixing agents market will be driven by rapidly growing beverages industry. Product demand in beverages industry is projected to grow with a highest CAGR during the forecast period. This can be attributed to the rapidly growing beverages industry across the globe. Increasing disposable income and changing eating habits are propelling the beverages industry growth from past few years. Food & beverages color fixing agents demand in bakery application is projected to grow with a healthy CAGR. It is used in bakery as a food preservative to extend shelf life and preserve the taste.
Many large multinational, mid-scale and small-scale vendors are operating in the global F&B color fixing agents market. Some prominent product manufacturers operating in the industry are Merck KGaA, BASF SE, AkzoNobel NV, America Elements, Aldon Corporation, Naturex, GFS Chemicals Inc, Mitsubishi Chemical Corporation, Spectrum Chemicals, Old Bridge Chemicals, Sonac and Yara International.
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/food-and-beverages-color-fixing-agents-market
Release ID: 517852
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