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Middle East And Africa Lycopene Food Colors Market
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Middle East And Africa Lycopene Food Colors Market

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Middle East and Africa Lycopene Food Colors Market - By Product Type (Concentrated, Dispersion), By Form (Powdered, Liquid); By Source (Synthetic, Natural); By Application (Dietary Supplements, Food, Pharmaceuticals, Personal Care Products); By Country (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of Middle East & Africa), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: April 2023
  • Report ID: BWC23297
  • Available Format: PDF
  • Page: 200

Report Overview

Increasing consumer awareness about the health benefits of lycopene and growing demand for natural and organic food colors due to the rising health concerns are expected to boost the growth of Middle East and Africa lycopene food colors market during the forecast period between 2023 and 2029.

Middle East & Africa Lycopene Food Colors Market - Industry Trends & Forecast Report, 2029

The Middle East & Africa lycopene food colors market size is projected to grow at a CAGR of 10.62% during the forecast period between 2023 and 2029. Major growth factors for the Middle East & Africa food colors market include the growing use of lycopene food color in confectionery and bakery items, drinks, packaged foods, cosmetics, and dairy products together with increased demand for natural and clean-label products. Other macroeconomic variables that are favorably influencing the Middle East & Africa lycopene food colors market include a surge in demand for natural colorants as well as technical developments connected to the manufacture and extraction of lycopene compounds.

Middle East & Africa Lycopene Food Colors Market – Overview

Lycopene, a red pigment, can be found in foods that are red in hue, including tomatoes, papayas, pink grapefruits, pink guavas, and watermelon. Antioxidants found in lycopene are highly concentrated, which aids in the body's defense against free radicals. Consuming lycopene aids in the elimination of free radicals, which are responsible for cell damage in the body. Additionally, lycopene has been linked to a decline in heart-related illnesses, and it also makes diabetes and several forms of cancer, including lung, bone, and prostate cancer, less likely.

Middle East & Africa Lycopene Food Colors Market

Growth Drivers

Growing Demand for Natural and Organic Food Colors

Natural food colors that are derived from fruits and vegetables organically are gaining huge traction in the Middle East and Africa. Natural colorings are completely extracted or processed from components found in nature, such as fruits, tubers, and vegetables. Natural colorings were known to improve the nutritional content of the meals in addition to making them more visually appealing. With increasing health consciousness and rising alertness regarding what’s in their food, the demand for lycopene food colors is projected to rise only during the forecast period.

Restraints

Availability of Alternative Food Coloring

The market for lycopene food colors in the Middle East and Africa is predicted to expand slowly because of the presence of substitutes such as synthetic food colors. The hefty expenditures spent during the extraction and processing process are also anticipated to impede industry growth.

Impact of COVID-19 on Middle East & Africa Lycopene Food Colors Market

The COVID-19 pandemic adversely affected the Middle East & Africa lycopene food colors market. The use of lycopene food colors in the food business has dramatically decreased as a result of the rising number of COVID cases and the implementation of lockdown in some countries. Lockdown forced the closure of bakeries and other establishments that often utilize lycopene food colors, which had a significant negative impact on market revenue. Due to interruptions in the supply chain and production processes, the lycopene market is projected to have a mild impact in the post-COVID-19 period as well.

Middle East & Africa Lycopene Food Colors Market

Segmental Coverage

Middle East & Africa Lycopene Food Colors Market – By Product Type

Based on product type, the Middle East & Africa lycopene food colors market is split into concentrated and dispersion segments. The dispersion segment holds a higher share in the Middle East & Africa lycopene food colors market by product type. Lycopene molecules can be dispersed and enclosed inside carbon nanotubes to improve their optical qualities. Light is absorbed by the dye in the encapsulated dye and is efficiently transmitted to the nanotube without suffering any major energy loss. Lycopene molecules become more chemically and thermally stable due to encapsulation.

Middle East & Africa Lycopene Food Colors Market – By Form

Based on form, the Middle East & Africa lycopene food colors market is bifurcated into powdered and liquid segments. The liquid segment accounts for a higher market share. The growth of the segment is mainly attributed to its strong demand for bakery applications. Lycopene has a rather restricted range of uses in the baking industry (making cakes and cookies, for example), as it produces an orange-red hue rather than the "pink" or "ruby red" that many bakers prefer.

Middle East & Africa Lycopene Food Colors Market – By Source

Based on the source, the Middle East & Africa lycopene food colors market is segmented into synthetic and natural. The natural lycopene food colors segment holds a higher share in the Middle East & Africa lycopene food colors market by source. Over the past few years, interest in natural lycopene has grown. This is explained by the rise in demand for natural lycopene in various applications. Additionally, consumers' preferences for natural lycopene, which is considered safe for intake, have changed as they are becoming more aware of the ill effects associated with its synthetic equivalents.

Middle East & Africa Lycopene Food Colors Market Size

Middle East & Africa Lycopene Food Colors Market – By Application

Based on application, the Middle East & Africa lycopene food colors market is segmented into dietary supplements, food, pharmaceuticals, and personal care products. The dietary supplements segment accounts for the highest market share owing to its health benefits. Strong antioxidant lycopene has many positive health effects, including better heart health, reduced risk of some cancers, and protection from the sun. Consumer health consciousness has significantly increased in Middle Eastern and African nations, which is expected to positively impact the demand for lycopene in dietary supplements.

Middle East & Africa Lycopene Food Colors Market – By Region

The in-depth research report on the Middle East & Africa Lycopene food colors market covers the region’s major countries including Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and the rest of the Middle East & Africa. Saudi Arabia dominates the Middle East & Africa lycopene food colors market. The market for lycopene in Saudi Arabia is expanding due to a variety of businesses using it more often, increased consumer awareness of the health advantages of natural food colors, and high disposable income. Fast food consumption and the adoption of unhealthy lifestyles have raised the usage of lycopene in the form of nutraceutical supplements, which is propelling market expansion in this area.

Competitive Landscape

Major players operating in the Middle East & Africa lycopene food colors market include Chr. Hansen Holding A/S, Sensient Technologies Corporation, Naturex S.A., DDW The Colour House, FMC Corporation, Kalsec, Inc., Kancor Ingredients Limited, GNT Group B.V., LycoRed Ltd., Döhler GmbH, Roha Dyechem Pvt. Ltd., ColorMaker, Inc., and Synthite Industries Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Million

Market Coverage

Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of Middle East & Africa

Product/ Service Segmentation

Product Type, Form, Source, Application, Country

Key Players

Chr. Hansen Holding A/S, Sensient Technologies Corporation, Naturex S.A., DDW The Colour House, FMC Corporation, Kalsec, Inc., Kancor Ingredients Limited, GNT Group B.V., LycoRed Ltd., Döhler GmbH, Roha Dyechem Pvt. Ltd., ColorMaker, Inc., Synthite Industries Ltd

 

By Product Type

  • Concentrated

  • Dispersion

By Form

  • Powdered

  • Liquid

By Source

  • Synthetic

  • Natural

By Application

  • Dietary Supplements

  • Food

  • Pharmaceuticals

  • Personal Care Products

By Country

  • Saudi Arabia

  • UAE

  • Qatar

  • Kuwait

  • South Africa

  • Nigeria

  • Algeria

  • Rest of Middle East & Africa

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Middle East & Africa Lycopene Food Colors Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing consumer awareness regarding the health benefits of lycopene
        2. The growing demand for natural and organic food colors due to the rising health concerns
        3. The rising demand for clean label and non-GMO food products
      2. Restraints
        1. The limited availability of raw materials required to produce lycopene food colors
      3. Opportunities
        1. The increasing adoption of lycopene food colors in the pet food industry
      4. Challenges
        1. The difficulty in achieving consistent quality and color shade in lycopene food colors
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Middle East & Africa Lycopene Food Colors Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share and Forecast
      1. By Product Type
        1. Concentrated
        2. Dispersion
      2. By Form
        1. Powdered
        2. Liquid
      3. By Source
        1. Synthetic
        2. Natural
      4. By Application
        1. Dietary Supplements
        2. Food
        3. Pharmaceuticals
        4. Personal Care Products
      5. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
        4. Kuwait
        5. South Africa
        6. Nigeria
        7. Algeria
        8. Rest of Middle East & Africa
  5. Saudi Arabia Lycopene Food Colors Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Form
      3. By Source
      4. By Application
  6. UAE Lycopene Food Colors Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Form
      3. By Source
      4. By Application
  7. Qatar Lycopene Food Colors Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Form
      3. By Source
      4. By Application
  8. Kuwait Lycopene Food Colors Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Form
      3. By Source
      4. By Application
  9. South Africa Lycopene Food Colors Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Form
      3. By Source
      4. By Application
  10. Nigeria Lycopene Food Colors Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Form
      3. By Source
      4. By Application
  11. Algeria Lycopene Food Colors Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Form
      3. By Source
      4. By Application
  12. Rest of Middle East & Africa Lycopene Food Colors Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Form
      3. By Source
      4. By Application
  13. Competitive Landscape
    1. List of Key Players and Their Offerings
    2.  Middle East & Africa Lycopene Food Colors Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  14. Impact of Covid-19 on Middle East & Africa Lycopene Food Colors Market
  15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Chr. Hansen Holding A/S
    2. Sensient Technologies Corporation
    3. Naturex S.A.
    4. DDW The Colour House
    5. FMC Corporation
    6. Kalsec, Inc.
    7. Kancor Ingredients Limited
    8. GNT Group B.V.
    9. LycoRed Ltd.
    10. Döhler GmbH
    11. Roha Dyechem Pvt. Ltd.
    12. ColorMaker, Inc.
    13. Synthite Industries Ltd.
    14. Other Prominent Players
  16. Key Strategic Recommendations
  17. Research Methodology
    1.  Qualitative Research
      1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

 

List of Figures

 

Figure 1       Middle East & Africa Lycopene Food Colors Segmentation

Figure 2       Middle East & Africa Lycopene Food Colors Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Middle East & Africa Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Figure 5       Middle East & Africa Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Figure 6       Middle East & Africa Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Figure 7       Middle East & Africa Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Figure 8       Middle East & Africa Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

Figure 9       Middle East & Africa Lycopene Food Colors Market Share, By Country, By Value, 2019–2029

Figure 10     Saudi Arabia Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Figure 11     Saudi Arabia Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Figure 12     Saudi Arabia Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Figure 13     Saudi Arabia Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Figure 14     Saudi Arabia Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

Figure 15     UAE Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Figure 16     UAE Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Figure 17     UAE Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Figure 18     UAE Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Figure 19     UAE Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

Figure 20     Qatar Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Figure 21     Qatar Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Figure 22     Qatar Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Figure 23     Qatar Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Figure 24     Qatar Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

Figure 25     Kuwait Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Figure 26     Kuwait Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Figure 27     Kuwait Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Figure 28     Kuwait Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Figure 29     Kuwait Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

Figure 30     South Africa Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Figure 31     South Africa Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Figure 32     South Africa Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Figure 33     South Africa Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Figure 34     South Africa Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

Figure 35     Nigeria Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Figure 36     Nigeria Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Figure 37     Nigeria Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Figure 38     Nigeria Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Figure 39     Nigeria Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

Figure 40     Algeria Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Figure 41     Algeria Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Figure 42     Algeria Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Figure 43     Algeria Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Figure 44     Algeria Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

Figure 45     Rest of Middle East & Africa Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Figure 46     Rest of Middle East & Africa Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Figure 47     Rest of Middle East & Africa Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Figure 48     Rest of Middle East & Africa Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Figure 49     Rest of Middle East & Africa Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

 

List of Tables

 

Table 1        Middle East & Africa Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Table 2        Middle East & Africa Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Table 3        Middle East & Africa Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Table 4        Middle East & Africa Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Table 5        Middle East & Africa Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

Table 6        Middle East & Africa Lycopene Food Colors Market Share, By Country, By Value, 2019–2029

Table 8        Saudi Arabia Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Table 9        Saudi Arabia Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Table 10      Saudi Arabia Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Table 11      Saudi Arabia Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Table 12      Saudi Arabia Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

Table 13      UAE Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Table 14      UAE Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Table 15      UAE Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Table 16      UAE Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Table 17      UAE Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

Table 18      Qatar Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Table 19      Qatar Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Table 20      Qatar Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Table 21      Qatar Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Table 22      Qatar Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

Table 23      Kuwait Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Table 24      Kuwait Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Table 25      Kuwait Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Table 26      Kuwait Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Table 27      Kuwait Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

Table 28      South Africa Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Table 29      South Africa Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Table 30      South Africa Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Table 31      South Africa Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Table 32      South Africa Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

Table 33      Nigeria Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Table 34      Nigeria Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Table 35      Nigeria Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Table 36      Nigeria Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Table 37      Nigeria Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

Table 38      Algeria Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Table 39      Algeria Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Table 40      Algeria Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Table 41      Algeria Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Table 42      Algeria Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

Table 43      Rest of Middle East & Africa Lycopene Food Colors Market Size, By Value (USD Million), 2019–2029

Table 44      Rest of Middle East & Africa Lycopene Food Colors Market Share, By Product Type, By Value, 2019–2029

Table 45      Rest of Middle East & Africa Lycopene Food Colors Market Share, By Form, By Value, 2019–2029

Table 46      Rest of Middle East & Africa Lycopene Food Colors Market Share, By Source, By Value, 2019–2029

Table 47      Rest of Middle East & Africa Lycopene Food Colors Market Share, By Application, By Value, 2019–2029

Table 48      Chr. Hansen Holding A/S Company Overview

Table 49      Chr. Hansen Holding A/S Financial Overview

Table 50      Sensient Technologies Corporation Company Overview

Table 51      Sensient Technologies Corporation Financial Overview

Table 52      Naturex S.A. Company Overview

Table 53      Naturex S.A. Financial Overview

Table 54      DDW The Colour House Company Overview

Table 55      DDW The Colour House Financial Overview

Table 56      FMC Corporation Company Overview

Table 57      FMC Corporation Financial Overview

Table 58      Kalsec, Inc. Company Overview

Table 59      Kalsec, Inc. Financial Overview

Table 60      Kancor Ingredients Limited Company Overview

Table 61      Kancor Ingredients Limited Financial Overview

Table 62      GNT Group B.V. Company Overview

Table 63      GNT Group B.V. Financial Overview

Table 64      LycoRed Ltd. Company Overview

Table 65      LycoRed Ltd. Financial Overview

Table 66      Döhler GmbH Company Overview

Table 67      Döhler GmbH Financial Overview

Table 68      Roha Dyechem Pvt. Ltd. Company Overview

Table 69      Roha Dyechem Pvt. Ltd. Financial Overview

Table 70      ColorMaker, Inc. Company Overview

Table 71      ColorMaker, Inc. Financial Overview

Table 72      Synthite Industries Ltd. Company Overview

Table 73      Synthite Industries Ltd. Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Saudi Arabia is expected to grow at the fastest rate in Middle East & Africa Lycopene Food Colors Market during the forecast period between 2023 and 2029.
Ans: Major factors driving the growth of Middle East & Africa Lycopene Food Colors Market include growing demand for natural and organic food colors due to the rising health concerns and rising demand for clean label and non-GMO food products.
Ans: Middle East & Africa Lycopene Food Colors market is expected to grow at a CAGR of 10.62% during the forecast period between 2023 and 2029.
Ans: Key players in Middle East & Africa Lycopene Food Colors Market include Chr. Hansen Holding A/S, Sensient Technologies Corporation, Naturex S.A., DDW The Colour House, FMC Corporation, Kalsec, Inc., Kancor Ingredients Limited, GNT Group B.V., LycoRed Ltd., Döhler GmbH, Roha Dyechem Pvt. Ltd., ColorMaker, Inc., and Synthite Industries Ltd.
Ans: The natural segment held a higher market share in the Middle East & Africa Lycopene Food Colors Market by source.