Template tag outputs JSON, how to format as HTML??

Hello,

Our template tag {{ item.ItemOptions }} is showing as:

{'Color': 'Assorted', 'Color_Choices': 'Green, Red, Blue, Yellow, Pink', 'Text_Field': 'Text Field', 'Text_Area': 'Text Area', 'File_Upload': 'Features Needed.txt ', 'Select_Dropdown': 'Select Dropdown 1', 'Select_Radio': 'Select Radio 1', 'Select_Checkbox': 'Select Checkbox 1, Select Checkbox 2, Select Checkbox 3', 'Multiple_Select': 'Multiple Select 1, Multiple Select 2, Multiple Select 3'}

How can I format the output as HTML like:

Color: Assorted
Color_choices: Green, Red, Blue, Yellow, Pink
Text_Field: Text Field
etc.....

Thanks for any help!