Over the years, the global industry for color additives for food & beverage application has rapidly increased due to increasing demand for natural colorants as a substitute for synthetic colorants. Like other several food colorants, acid stable blue colorants are intended to use in food & beverage products for maintaining color stability and increasing pH value of the products. According to the study from the Institute of Food Technologists in 2016, the overall industry for food colorants is likely to grow at a substantial growth rate in upcoming years owing to increasing awareness concerning environmental hazards. Moreover, the growing food colorants industry is expected to create a positive growth impact on the global acid stable blue industry. The global market for acid stable blue comprises of several global and local manufacturers with their local and global market presence in an acid stable blue segment.
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The global market for acid stable blue is likely to create lucrative market opportunities over the forecast period due to changing preferences of consumers in developing economies. The global Acid Stable Blue Market is estimated to register higher single-digit CAGR during the forecast period from 2019 – 2029. Among the regions, global market for acid stable blue is currently dominated by European region followed by North America and East Asia region owing to presence of key manufacturers and advanced food technologies in these regions. However, acid stable blue market across the globe is likely to witness huge traction from South Asian and Latin American countries due to increasing manufacturing facilities and increasing health awareness among the consumers. The global market for acid stable blue is expected to create enormous market opportunities for manufacturers to gain substantial market share in the upcoming years.
Transforming end user’s preference for acid stable blue to create a positive impact on the growth of the market
The global market for acid stable blue is expected to witness strong growth rate on the backdrop of increasing consumer demand for flavored and high nutrients food. The acid stable blue market across the developed as well as developing economies is expected to gain huge traction over the forecast period owing to several market growth and macro-economic factors. Some of the factors include growing food & beverage industry, changing diet pattern in emerging economies, rising demand for natural food colorants in food & beverage applications, continuous product developments and increasing number of new entrants in the global acid stable blue market are some of the market acumens which are anticipated to drive the global market in near future. However, lack of consumer awareness and stringent government regulations in some of the countries is expected to hamper the growth of the global acid stable blue market over the forecast period.
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The acid stable blue market can be segmented on form, nature, color, and application. On the basis of form, acid stable blue market can be categorized into liquid and powder. On the basis of nature, the acid stable blue market can be segmented into organic and conventional. On the basis of color, acid stable blue market can be categorized into blue, purple, green, and black. On the basis of application, the acid stable blue market can be segmented into beverages, baking, dairy (cheese, yogurt, butter, margarine, etc.), confectionary, dry grocery, pet food, cereals, frosting, chocolate coatings, and other applications (chewing gums, snacks, paste, etc.). Geographically, the global market for acid stable blue can be segmented into seven regions, namely North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.
First movers are likely to dominate the global sales of acid stable blue colorants
Recent developments in the global acid stable blue market by key manufacturers are expected to shift end users preference towards the use of acid stable blue colorants in the food & beverage products. Some of the key market participants in the global acid stable blue market are ADM Company, WILD Flavors, Inc.; Robert Koch Industries; L.V. Lomas; Sensient Colors LLC; UL LLC, and other prominent players in acid stable blue market.
The research report presents a comprehensive assessment of the acid stable blue market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to acid stable blue market segments such as geographies, form, nature, color and application.
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