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Carthamus Yellow Market

Market Insights on Carthamus Yellow covering sales outlook, demand forecast & up-to-date key trends

Carthamus Yellow Market by Form, Nature, Extraction Process, End Use & Region - Forecast 2022 - 2032

Carthamus Yellow Market Snapshot

The global carthamus yellow market size is expected to be valued at US$ 8.1 Billion in 2032. As per FMI, sales of carthamus yellow are anticipated to reach US$ 3.5 Billion and exhibit growth at a CAGR of 6.4% in the forthcoming years from 2022 to 2032. The ever-increasing demand for clean label pigments is likely to propel growth.

Report Attribute

Details

Carthamus Yellow Market Estimated Base Year Value (2021)

US$ 2.8 Billion

Carthamus Yellow Market Expected Market Value (2022)

US$ 3.5 Billion

Carthamus Yellow Market Anticipated Forecast Value (2032)

US$ 8.1 Billion

Carthamus Yellow Market Projected Growth Rate (2022-2032)

6.4% CAGR

Carthamus yellow is a water-soluble pigment that is obtained by extracting the petals of Carthamus tinctorius L or safflower. These petals are then put into slightly acidified water or plain water and dried completely.

It has excellent light and heat stability. It has a slight greenish tint along with bright yellow. It usually reduces brightness when put into milk-based ice creams.

The demand for carthamus yellow is expected to grow at a fast pace in the near future backed by its increasing usage in high dosage to get a honey-type flavor in ice-creams and other desserts. Many developed countries are using this clean label pigment instead of vanilla in desserts.

This unique pigment contains proteins, sugars, and salts that naturally occur in source materials. Manufacturers often add food grade materials, such as dextrin in carthamus yellow as carriers to manufacture powdered or dry items.

How is Jam and Jelly Production Pushing the Carthamus Yellow Market Growth

The ability of carthamus yellow to easily dissolve in ethanol solutions and water is estimated to augment the market. The extensive utilization of this pigment in jellies, candies, cakes, and soft drinks is likely to propel the carthamus yellow market growth in the evaluation period.

In addition, the rising number of new product launches by key food and beverage manufacturers worldwide is set to bolster the market. In April 2022, for instance, Hartley’s, a renowned jam and jelly maker based in the U.K., launched its new tart Jelly Sours range. It contains three flavors, namely, apple, cherry, and strawberry. The launch of jams and jellies by key players is likely to drive the global market.

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Which Factors May Obstruct the Carthamus Yellow Market Growth

The cost-effectiveness of synthetic pigments infused with harmful chemicals is set to propel their demand in emerging economies. Also, the lack of knowledge regarding the availability of clean-label pigments in these countries may obstruct the sales of carthamus yellow in future years.

How is Usage in the Pharmaceutical Sector Accelerating the North America Carthamus Yellow Market

North America is projected to generate the largest carthamus yellow market share by 2032. This growth is attributable to the increasing usage of the pigment in pharmaceutical and foodservice industries across the U.S. and Canada as clean-label is a major concern in these industries.

Researchers in these countries have found that carthamus yellow does not cause any adverse effect when consumed in appropriate levels. It contains a subtle hay flavor and is more stable in acidic pH ranges. These properties are set to surge its usage in the pharmaceutical sector for making tablets and syrups, thereby accelerating the North America market.

Nandini Roy Choudhury
Principal Consultant
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How is the Cosmetics Industry Fueling the Europe Carthamus Yellow Market Growth

Europe is expected to remain in the second position in terms of share, followed by North America. The increasing demand for organic cosmetics in the U.K., Germany, and Italy is projected to augur well for the regional market. Organic carthamus yellow is used in various cosmetics to bring the suitable color and enhance the products’ quality.

Moreover, the high competition among manufacturers owing to the presence of several large- and small-scale companies in this region is likely to spur growth. Rising implementation of strict norms by governments to ban the usage of many dyes that have a chemical composition and are harmful for the environment is also expected to augment the demand for carthamus yellow in Europe.

Market Competition

Some of the renowned companies operating in the global carthamus yellow market are Yunnan Tonghai Yang Natural Products Co., Ltd., Hansen Holding A/S, Avantor Inc., Guixi Huakang Natural Pigment Factory, Shaanxi Fuheng (FH) Biotechnology Co. Ltd., Qingdao Pengyuan Kanghua Natural Source. Co. Ltd., Kanegrade Ltd., Zhejiang Binmei Biotechnology Co. Ltd., Merck KGaA, and Glico Nutrition Co. Ltd. among others.

Leading players are joining hands with various cosmetics and food manufacturing companies to provide their in-house products to gain a competitive edge. They are also focusing on new product launches to attract more consumers and procure high shares in the market. Some of the other key players are aiming to broaden their geographic presence by opening new facilities in both developed and developing countries.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 6.4% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Form
  • Nature
  • Extraction Process
  • End Use
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Yunnan Tonghai Yang Natural Products Co., Ltd.
  • Hansen Holding A/S
  • Avantor Inc.
  • Guixi Huakang Natural Pigment Factory
  • Shaanxi Fuheng (FH) Biotechnology Co. Ltd.
  • Qingdao Pengyuan Kanghua Natural Source. Co. Ltd.
  • Kanegrade Ltd.
  • Zhejiang Binmei Biotechnology Co. Ltd.
  • Merck KGaA
  • Glico Nutrition Co. Ltd.

Customization

Available Upon Request

Key Segments Profiled in the Carthamus Yellow Industry Survey

By Form:

  • Powder
  • Liquid

By Nature:

  • Organic
  • Conventional

By Extraction Process:

  • Natural
  • Chemical

By End Use:

  • Food Processing
  • Personal Care and Cosmetics
  • Pharmaceuticals
  • Textile Industry
  • Foodservice/HoReCa

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

The global carthamus yellow market is anticipated to surpass US$ 8.1 Billion in 2032.

North America is expected to dominate the carthamus yellow market in the forecast period.

Yunnan Tonghai Yang Natural Products Co., Ltd., Hansen Holding A/S, Avantor Inc., Guixi Huakang Natural Pigment Factory, and Shaanxi Fuheng (FH) Biotechnology Co. Ltd. are some of the leading companies in the carthamus yellow market.

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Nandini Roy Choudhury
Principal Consultant
LinkedIn
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Carthamus Yellow Market