“ Asia-pacific to be the fastest growing region from 2016 to 2022 ”
The market for food colors in the Asia-Pacific region is projected to grow at the highest CAGR . This can be attributed to the higher level of production in the countries such as Australia and New Zealand , the increase in demand for convenience food , growth in population , rise in disposable income , and progressive urbanization in the region . The region is mainly driven by the developed food industry in China , Japan , and Australia & New Zealand and increase in trade of food color products globally from these countries .
The breakdown of the primaries on the basis of company , designation , and region , conducted during the research study , is as follows : By Company type : Tier 1 – 40 %, Tier 2 – 40 %, and Tier 3 – 20 % By Designation : Director Level – 40 %, C Level – 20 %, , and Others – 40 % By Region : North America – 25 %, Europe – 50 %, and Asia-Pacific – 25 %,
Key players include :
• Archer Daniels Midland Company ( U . S .)
• Chr . Hansen S / A ( Denmark )
• Sensient Technology Corporation ( U . S .)
• Koninklijke DSM N . V . ( Netherlands )
• FMC Corporation ( U . S .)
The above-mentioned companies have collectively accounted for the largest portion of the food colors market in 2015 . Other players also have a strong presence in this market . These players are as follows :
• Naturex S . A . ( France )
• D . D . Williamson & Co . Inc . ( DDW ) ( U . S .)
• Döhler Group ( Germany )
• Kalsec Inc . ( U . S .)
• Fiorio Colori ( Italy )
The key players in the food colors market adopted new product launches / developments & new technology launches as their key growth strategy to increase their market share and profits . This accounted for the highest percentage of the total developments , followed by expansions & investments .
Reasons to buy this report :
• Market Penetration : Comprehensive information on food colors offered by the top players in the global market
• Product Development / Innovation : Detailed insights on upcoming technologies , research & development activities , and new product launches in the food colors market