Figure label in one color, figure text in another as a document rule

Question

By adding the following package with parameters, all captions for tables, figures etc. change color, font-size and distance between label and text:

%Caption formatting
\usepackage[font={color=red,footnotesize},labelsep=quad,width=.75\textwidth]{caption}

If I still want the text to be black and only the "Figure 1" label to change color, then I simply set it back to black manually in every caption at the moment:

\caption{\color{black} test caption text }

The result is perfect:

but can I make these different colors automatic along with the package parameters in the preamble so I don't have to add \color{black} in every single caption?

---

A code example:

\documentclass[11pt,a4paper]{article}

\usepackage[utf8x]{inputenc}    %Character set
\usepackage{graphicx}           %Figures 
\usepackage{caption}            %Main caption for subfigures
...

%Caption formatting
\usepackage[font={color=red,footnotesize},labelsep=quad,width=.75\textwidth]{caption}

\begin{document}

\begin{figure}[p]
    \centering
    \includegraphics[width=0.8\textwidth]{image.png}
    \caption{Test caption text}
    \label{fig:test}
\end{figure}

\end{document}

Answer 1

Use labelfont to control the font of the label. You can also use captionsetup to treat figures and tables (and all compaitble self-defined floats) differently.

\documentclass{article}
\usepackage[font={color=red,footnotesize},labelsep=quad,width=.75\textwidth,labelfont={color=blue}]{caption}
\captionsetup[table]{labelfont={color=blue},font={color=green!50!black}}
\usepackage{xcolor}
\begin{document}
    \captionof{figure}{Buzy bee}
    \captionof{table}{pogo penguin}
\end{document}