The ‘Latin America Food Colours Market Size Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the Latin America food colours market growth, assessing the market on the basis of its segments like type, application, and major countries.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2022): USD 157.44 million
• Forecast CAGR (2023-2028): 7.8%
• Forecast Market Size (2028): USD 233.19 million

Improvements in living standards, rising disposable incomes, and increasing demand and availability of processed foods and beverages are key factors driving the growth of the Latin America food colours market. Food colours aid in improving the visual appeal and aesthetics of foods and beverages, increasing the interest of consumers. Processed foods and beverages are more likely to contain food colours as they can be seamless mixed in during the processing of the food or beverage. With rising disposable incomes, more consumers in Latin America are able to purchase foods that are relatively higher in cost due to the processing that took place.

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Within Latin America, the rising production of dairy products such as milks and cheeses in countries like Mexico, is anticipated to enhance the demand for the Latin America food colours market. Food colours can add a fresher tone and fun colours to flavoured dairy products, increasing their appeal, particularly among children. Another key application of food colours in Latin America is in processed foods and vegetables. With increasingly busy schedules, more consumers in Latin America are turning to processed foods and vegetables to quickly prepare meals. Utilisation of food colours in processed foods and vegetables enhances their freshness and quality, without negatively impacting the food flavour profile.

Latin America Food Colours Industry Definition and Major Segments

Food colours refer to any substances, pigments, or dyes that are used as a food or beverage additive in order to impart a colour to the food or beverage product. It can be made from natural or artificial components and can be in a variety of forms such as powders, pastes, liquids, and gels.

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Based on type, the market is bifurcated into

• Natural Colours
• Artificial Colours

On the basis of application, the market is classified into:

• Meat Products
• Beverages
• Dairy
• Bakery and Confectionery
• Processed Food and Vegetables
• Oil and Fats
• Others

By country, the market is segmented into:

• Brazil
• Argentina
• Mexico
• Chile
• Others

Latin America Food Colours Market Trends

Rising demand for natural food colours is a key trend in the Latin America food colours market that is assessed to provide lucrative growth opportunities to the market. Amidst the growing concern over the harmful effects of using artificial components in foods and beverages, more consumers are turning to natural food colours. Furthermore, depending upon the specific food colour, natural food colours can also provide additional health benefits and nutrients.

The rapid expansion of e-commerce and online shopping is another critical trend in the Latin America food colours market. Through online stores, consumers have a wider range of processed food and beverage products to choose from, increasing the sales of food colours. As processed foods and beverages have a longer shelf life, they can conveniently be sold through online channels without risks of the products deteriorating in quality.

With the growing popularity of using food colours in home cooking, the Latin America food colours market is anticipated to witness heightened growth in the coming years. Food colours available in easy to use formats such as gels and pigments are commonly being used in home cooking, particularly for bakery and confectionery products such as cookies and cakes. Social media tutorials and videos showcasing recipes that use food colours are also augmenting their demand.

Key Market Players

The major players in the Latin America food colours market report are Archer Daniels Midland Company, Oterra A/S, Koninklijke DSM N.V., Sensient Technologies Corporation, Givaudan S.A., The Döhler Group, International Flavors & Fragrances Inc., and Kalsec Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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