Conventional Chlorophyll Colors to Continue Dominating the Chlorophyll Color Market, Accounting for 92% of overall Sales in 2021: Future Market Insights

Sales of chlorophyll color are expected to increase by year-on-year (YoY) growth of 9.1% in 2021, driven by the rising adoption of naturally sourced food colors for food products such as snacks & cereals, beverages, dairy, bakery, and others. In addition to this, increasing consumer inclination towards organic and natural food products is expected to fuel the demand for chlorophyll color by 2.5X between 2021 and 2031. Sales of chlorophyll color are expected to increase by year-on-year (YoY) growth of 9...

Sales of chlorophyll color are expected to increase by year-on-year (YoY) growth of 9.1% in 2021, driven by the rising adoption of naturally sourced food colors for food products such as snacks & cereals, beverages, dairy, bakery, and others. In addition to this, increasing consumer inclination towards organic and natural food products is expected to fuel the demand for chlorophyll color by 2.5X between 2021 and 2031.

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A number of leading manufacturers are focusing on expanding their production capacity to meet the demand for chlorophyll color from various end-use industries. For instance, in April 2018, Chr. Hansen, a global bioscience company based in Denmark, announced purchasing Banker Wire manufacturing facility in Wisconsin to expand its natural color production facility in North America. Such developments are expected to drive the market through 2031.

As per FMI, the conventional chlorophyll colors segment is expected to hold a lion's share in the global market, accounting for nearly 92% of the sales by 2021. Driven by to its low cost, ample availability, and increasing use across ready-to-drink beverages, demand for conventional chlorophyll color is anticipated to grow at a CAGR of 9.4% through 2031.

"With the rising trend of veganism and surging demand for plant-based and clean-label food ingredients, leading food manufacturers are shifting their focus towards using naturally sourced food colors such as chlorophyll colors. This is expected to propel growth in the market in the coming year," says the FMI analyst.

Key Takeaways from Chlorophyll Color Market Survey

Key Drivers

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Competitive Landscape

As per FMI, leading players in the market are increasingly adopting strategies such as product promotion, merger and acquisition with other industry players to expand their network and increase their consumer's base. For instance,

Some of the key players operating in the chlorophyll color market profiled by FMI are:

More Valuable Insights on Chlorophyll Color Market

FMI, in its new report, offers an unbiased analysis of the global chlorophyll color market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in chlorophyll color market with detailed segmentation:

By Nature:

By Application:

By Region:

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Key Questions Covered in the Report

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