State of the art methods for image matching, content-based retrieval and recognition use local features. Most of these still exploit only the luminance information for detection. The color saliency boosting algorithm has provided an efficient method to exploit the saliency of color edges based on information theory. However, during the design of this algorithm, some issues were not addressed in depth: (1) The method has ignored the underlying distribution of derivatives in natural images. (2) The dependence of information content in color-boosted edges on its spatial derivatives has not been quantitatively established. (3) To evaluate luminance and color contributions to saliency of edges, a parameter gradually balancing both contributions is required. We introduce a novel algorithm, based on the principles of independent component analysis, which models the first order derivatives of color natural images by a generalized Gaussian distribution. Furthermore, using this probability model we show that for images with a Laplacian distribution, which is a particular case of generalized Gaussian distribution, the magnitudes of color-boosted edges reflect their corresponding information content. In order to evaluate the impact of color edge saliency in real world applications, we introduce an extension of the Laplacian-of-Gaussian detector to color, and the performance for image matching is evaluated. Our experiments show that our approach provides more discriminative regions in comparison with the original detector.