Resources for compressing color images using Singular Value Decomposition (SVD) in Matlab are limited, with many tutorials focusing on grayscale images. A color image can be treated as three separate grayscale matrices corresponding to the RGB channels. Users can apply SVD compression techniques to each of these matrices individually. This approach allows for effective compression while retaining color information. Efficiently compressing color images with SVD in Matlab is feasible by handling each channel separately.