Vegetable Carbon Market will Total US$ 7.1 Mn in 2021 Steered by Surging Application in Candy and Confectionery Manufacturing

Nov 26,2021 | Food and Beverage

According to Future Market Insights (FMI), the vegetable black market is expected to grow at 3.7% CAGR between 2021 and 2031. Rising demand for food color derived from natural sources will remain a chief growth driver of the vegetable carbon market. Implementation of stringent regulations by international organizations encouraging the use of natural food colors in place of synthetic ones will drive sales in the vegetable carbon market.

Vegetable Carbon Market

A recent market study published by Future Market Insights on the vegetable carbon market o...

Vegetable Carbon Market

Vegetable carbon has negative side effects, is almost flavorless, and can be used in both sweet and savory dishes, which makes it ideal for application in the food sector. According to the study, the candy and confectionary segment accounted leading share in market in terms of application. It is expected to represent 23.7% of sales registered in the vegetable carbon market in 2021.

Key Takeaways from the Vegetable Carbon Study:

  • Vegetable carbon market is expected to total US$ 7.1 Mn in 2021.
  • China is expected to emerge as a highly lucrative for vegetable carbon within East Asia. Demand registered in China will grow by 4.3% CAGR over the forecast period.
  • The demand for vegetable carbon will rise at 3.5% CAGR over the forecast period in Japan.
  • Driven by rising demand for chemical free food additives, the sales of vegetable carbon will increase at 2.7% in Germany by 2031.
  • France will emerge as a highly lucrative vegetable carbon market in Europe, exhibiting 3.6% CAGR between 2021 and 2031.

“Rising the use of vegetable carbon in foods and drinks, as well as in biscuits, desserts ice-creams, breads, and burgers among others will steer growth in the market. As demand for natural food colors rise, market players are expected to focus on product launches to capitalize on existing opportunities” said a lead analyst at FMI.

Consumer Preference for Natural Colorants & Ingredients Driving Sales

Food additives are added at numerous levels of food manufacturing for two reasons: to make the food secure by stopping bacteria growth, oxidizing formation, and other biochemical processes, and to enhance customer taste by boosting sensory attributes such as colour, visual appeal, flavour, and smell.

Natural food colorants are increasingly replacing synthetic alternatives. Food colors derived from natural sources are known to have numerous benefits when consumed. As a result, they are in high demand due to their long or short-term health.

Natural colorants are perceived safer by consumers. Hence, they are favoring vegetable carbon black in place of artificial black food color in their food and beverages.

Who is Winning?

Some of the leading firms offering vegetable carbon are DDW The Colour House, Dynasty Colourants Co., Hawkins Watts Limited, Holland Ingredients, Jacobi Carbons, American Activated Carbon, Chr. Hansen Holding A/S, Bolise Co., Ltd. and many others.

In order to gain competitive strength, the market players are focusing on product launches and acquisitions. Some of the productions are expanding network in emerging economies to capitalize on existing opportunities.

Get Valuable Insights into Vegetable Carbon Market 

Future Market Insights, in its new offering, provides an unbiased analysis of the Vegetable Carbon presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the vegetable carbon based on application (beverages, bakery, snacks & cereals, candy/confectionery, dairy, fruit preparation/fillings, meat, poultry, fish & eggs, potatoes, pasta & rice, sauces, soups, & dressings, seasonings, and pet food) across five major regions.

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.