Russia Food Colorants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.62 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Russia Food Colorants Market Analysis
Russia food colorants market is projected to grow at a CAGR of 3.62% during the forecast period (2020-2025).
- The Russian food sector is growing after the earlier crises in the country which made it highly dependent on food imports from other countries. However, in 2014, the regulatory body of the country banned food import, from the countries that applied economic sanctions against Russia such as the United States, with an aim to stabilize the economy of the country.
- Additionally, the ban extended through the end of 2020. The food ban is inclusive of food colorants, therefore, it ultimately hampers the market growth.
- On the other hand, the Russian food colorants market is driven by easily available raw materials which include fruits & vegetables. Growing food safety concerns in the global food markets are pressurizing manufacturing to adopt clean labels.
Russia Food Colorants Market Trends
This section covers the major market trends shaping the Russia Food Colorants Market according to our research experts:
High Import of Food Colorants
Russia restricted the food imports from countries such as United States, Canada, Australia, and others, that applied economic sanctions against the country. Therefore, it initiated the import of food ingredients including food colorants from the neighboring countries, thus catering the market growth. Peru, Denmark, and the United Kingdom are some of the prominent exporters of natural food colorants to the Russian market. Natural colorants make up the highest part of Russian imports. Russia also imports fresh cut flowers, and food dyes from the neighboring European countries including Poland, and France to produce colorants for the application in various food and beverage products.
Beverage Application Dominates the Market
The application of food colorants is widely experienced in the beverage segment. The manufacturers are inclining towards natural colorants to be used for the production of beverage, especially in fruit juices owing to the highest concentration of health-conscious consumers in the country. Natural colorants have varied applications in functional beverages, and in order to tap into the market opportunity, the leading players such as Chr Hansen and Sensient® Colors are launching natural colors. Moreover, the market is likely to be driven by the demand for clean-label drinks, leading to the higher consumption of natural colorants thus, driving the beverage segment of the market studied.
Russia Food Colorants Industry Overview
The Russia food colorants market is highly fragmented with the presence of numerous regional and global players. Major companies are majorly focusing on product innovation, trying to gain their position in the market. Moreover, other companies have also incorporated strategies, such as new agreements and partnerships to increase their footprint in the country and release new products according to the consumers' changing preferences.
Russia Food Colorants Market Leaders
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Chr. Hansen Holding A/S
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Sensient Technologies Corporation
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Archer Daniels Midland Company
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Givaudan
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BASF SE
*Disclaimer: Major Players sorted in no particular order
Russia Food Colorants Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Synthetic
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5.1.2 Natural
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5.2 By Application
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5.2.1 Beverages
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5.2.2 Dairy
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5.2.3 Bakery
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5.2.4 Meat and Poultry
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5.2.5 Confectionery
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5.2.6 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Chr. Hansen Holding A/S
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6.3.2 Sensient Technologies Corporation
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6.3.3 GNT Group B.V.
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6.3.4 Archer Daniels Midland Company
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6.3.5 Givaudan
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6.3.6 BASF SE
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6.3.7 Eco Resource
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6.3.8 Riken Vitamin Co., Ltd.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Russia Food Colorants Industry Segmentation
The Russia food colorants market is available as natural color and synthetic color. By application, the market is segmented as beverages, dairy, bakery, meat & poultry, confectionery, and others.
| By Type | |
| Synthetic | |
| Natural |
| By Application | |
| Beverages | |
| Dairy | |
| Bakery | |
| Meat and Poultry | |
| Confectionery | |
| Others |
Russia Food Colorants Market Research FAQs
What is the current Russia Food Colorants Market size?
The Russia Food Colorants Market is projected to register a CAGR of 3.62% during the forecast period (2024-2029)
Who are the key players in Russia Food Colorants Market?
Chr. Hansen Holding A/S, Sensient Technologies Corporation, Archer Daniels Midland Company, Givaudan and BASF SE are the major companies operating in the Russia Food Colorants Market.
What years does this Russia Food Colorants Market cover?
The report covers the Russia Food Colorants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Russia Food Colorants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Russia Food Colorants Industry Report
Statistics for the 2024 Russia Food Colorants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Russia Food Colorants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
