The global Food Blue 5 Markets are anticipated to reach a market valuation of USD 10.5 Million in 2022, with demand poised to increase at a CAGR of 2.9% during the assessment period (2022 to 2032). Food Blue 5 is also called patent blue V, sulphan blue, acid blue 3, L-Blau 3, C-Blau 20, patentblau V, and food sky blue.
| Attribute | Details |
|---|---|
| Food Blue 5 Market Expected Size (2022E) | USD 10.5 Million |
| Market Projected Size (2032F) | USD 14.7 Million |
| Value CAGR (2022 to 2032) | 2.91% |
| Top Region Market Share (EMEAI) | 48.7% |
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Food Blue 5 is a sky blue synthetic triphenylmethane dye that is used as a food and beverage colorant. As a food additive, it has E number E131. Patent Blue V is a sodium or calcium salt. Future Market Insights estimates that the food blue 5 markets will account for nearly USD 5.3 Billion of sales in the global food color market in 2032.
The food color market registered revenue, in terms of volume, of around 185,000 metric tons in 2021, with sales of food blue 5 dyes reaching 1500 metric tons in 2021.
The market study suggests that the demand for food blue 5 colorants are expected to be at approximately 1900 metric tons by 2032. The rising need for natural food ingredients as people are becoming more conscious of food ingredients is propelling the demand for natural blue food colors over the forecast period.
The food Blue 5 markets are highly driven by the growing demand for innovative, unique-looking food dishes, and altering taste and food appeal preferences.
Patent Blue V's color in an aqueous solution varies from a deep blue in an alkaline or moderate acidic media to a yellowish-orange in a stronger acidic medium. The colorants are used in medicine and are also used as a stain to reveal dental plaque. Hence, the rising application of food blue 5 in the pharmaceutical and food & beverage industries is propelling the demand in the market.
The European Union has approved food blue 5 as a valid food color. In Europe, it is available in certain blue Curaç ao, jelly sweets, certain gelatin desserts, and scotch eggs, among others. On the back of this, the food blue 5 sales are expected to surge in the UK and Germany due to its affordability and accessibility.
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Patent Blue V has been banned in certain countries such as the USA and Australia as a food additive due to allergic reactions. These tight regulations around synthetic food colorants and reluctance are expected to hamper the demand in the market.
Being a dye produced by full chemical synthesis, they lack nutritional content, thus consumption of natural food colors by big food processing industries might impact the sales of synthetic food colors. This is the key factor impeding the growth in the food blue 5 markets.
India Food Blue 5 Market to Gain Impetus Amid Rising Application in Beverage Sector
As per Future Market Insights (FMI), India is considered to have one of the largest beverage industries. Sales of food blue 5 in India across the beverage industry are expected to reach USD 5.3 Million. This is primarily due to the increasing consumption of ready-to-drink carbonated beverages in the country.
According to the study, the Asia Pacific food blue 5 markets totaled USD 2 Million in 2021 which is nearly 20% of the global market. However, China is one of the largest markets for synthetic food colorants.
Numerous food coloring manufacturers have strong manufacturing facilities and distribution networks in China, Japan, and South-East Asia. Hence, the demand for patent blue V is expected to grow at a steady pace in the Asia Pacific.
Demand for Food Blue 5 in Germany to Surge at a Robust Pace Through 2032
Europe's food blue 5 markets are expected to reach a valuation of USD 4 Million in 2021, according to FMI. Expansion of food processing industries in France and Germany is expected to create remunerative prospects for food blue 5 market players. Germany and France are estimated to be the leading markets for food blue 5, with sales in Germany accounting for USD 1.1 Million in 2021.
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Over 1/4th of Food Blue 5 Sales to Remain Concentrated in Beverage Segment
In terms of application, beverages account for the largest share in the food blue 5 markets. The beverage segment is expected to account for over 25% of food blue 5’s market share. Besides this, the demand for the bakery, snacks, and cereals segment is expected to accelerate with a CAGR of 2.9% over the assessment period.
The dairy and meat, poultry, and eggs segment is also one of the leading applications of food blue 5 food colorants. As per the study, these segments are expected to collectively account for 22% of the demand share in the global food blue 5 markets.
Patent Blue V manufacturers are adopting strategies such as penetrating into emerging economies, funding research for safety checks, and establishing trade agreements with regional food processing industries.
Food Blue V manufacturing corporations have been re-modeling the product to attract end-user industries and consumers. Moreover, leading manufacturers are investing in research and development and acquiring regional innovative units.
| Attribute | Details |
|---|---|
| Market Expected Size (2022E) | USD 10.5 Million |
| Market Projected Size (2032F) | USD 14.7 Million |
| Value CAGR (2022-2032) | 2.91% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; Middle East and Africa; and India; Asia Pacific |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Peru, Argentina, UK, China, India, Japan, Germany, Italy, France, South Africa, South Korea, Australia, and GCC Countries |
| Key Segments Covered | Type, Application, and Region |
| Key Companies Profiled | Sensient Colors LLC.; Symrise AG; Chr. Hansen Holding A/S; DIC Corporation (BASF SE); Archer Daniels Midland Company; BioconColors; DSM; DDW; San-Ei Gen F.F.I., Inc.; Others |
| Report Coverage | Market Forecast, Drivers, Restraints, Opportunities and Threats Analysis, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The food blue 5 market was valued at nearly USD 10.5 Million by 2021 and had a consumption of around 1500 metric tons in 2021.
The pet food market segment accounted for 0.94% of sales by volume in the food blue 5 markets in 2021.
The key factor propelling the demand for food blue 5 holds over other food colorants is its deep and vibrant shade impartation even at lower concentrations. This has appealed to a lot of food processing industries and is a key sales driver behind food blue 5 sales.
Demand for food blue 5 in China is expected to register a 3.2% CAGR between 2022 and 2032, as per FMI.
Japan's food blue 5 markets exhibited sales of 95 metric tons in 2021 and are expected to grow at a 2.9% CAGR between 2022 and 2032.
1. Executive Summary | Food Blue 5 Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form 5.1. Dyes 5.2. Lakes 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Beverages 6.2. Bakery, Snacks, and Cereals 6.3. Candy/Confectionary 6.4. Dairy 6.5. Fruit Preparations/Fillings 6.6. Meat, Poultry, Fish, and Eggs 6.7. Potatoes, Pasta, and Rice 6.8. Sauces, Soups, and Dressings 6.9. Seasonings 6.10. Pet Food 6.11. Others 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia 7.6. Oceania 7.7. Middle East and Africa 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Sensient Colors LLC 17.2. Symrise AG 17.3. Chr. Hansen Holding A/S 17.4. DIC Corporation (BASF SE) 17.5. Archer Daniels Midland Company 17.6. BioconColors 17.7. DSM 17.8. DDW 17.9. San-Ei Gen F.F.I., Inc. 17.10. Kolorjet Chemicals Pvt Ltd. 17.11. Apeechem 17.12. Nitin Dye Chem 17.13. Red Sun Dye Chem 17.14. Otto Chemie Pvt Ltd. 17.15. Others (on additional request) 18. Assumptions & Acronyms Used 19. Research Methodology
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