Vegetable Carbon Market 2017-2027 Shares, Trend and Growth Report

Vegetable carbon is odourless, insoluble, black color powder used as a food color in products such as ice cream, baked goods, icing, and confectionery products. Authority in the Europe and Canada approves vegetable carbon as a food colorant whereas it is banned in the U.S. Vegetable carbon is known as carbo medicinalis vegetabilis, carbon black, or vegetable black. It is produced by charring or steam activation of vegetable fibers. The vegetable carbon is produced by carbonization of the various source at high temperature including coconut shells, peat, cellulose residues, wood, and other shells. The Western Europe vegetable carbon market accounts for relatively high revenue share, followed by Asia Pacific vegetable carbon market over the forecast period, attributed to relatively high demand for processed food and confectionaries across the regions.

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Some of the important factor fuelling the growth of global vegetable carbon market include high demand for processed food products, growing the pharmaceutical and cosmetic industry, and increasing demand for natural food colorants. To counter the same, vegetable carbon market players are investing in research and development and production of vegetable carbon to meet the regulatory specification with increasing demand. Some macroeconomic factors making a positive impact on global vegetable carbon market includes increasing population, the rapid rate of urbanization, and growing domestic income. Whereas, health hazards of vegetable carbon on the workers working in vegetable carbon manufacturing plant for a long time and on the consumers consuming for a longer period leads to restraining the global vegetable carbon market. The trend identified in the global vegetable carbon market is mergers and acquisitions between vegetable carbon producers and food manufacturers. The company manufacturing vegetable carbon products has a significant opportunity in regions such as Europe, and Asia Pacific, attributed to high demand for natural food colorants and high demand for confectioneries. Companies have a significant opportunity in global vegetable carbon market through collaboration with end-users i.e. food product manufacturers.

Few players of vegetable carbon market include DDW The Colour House, Jiangmen Goody's Food Co., Ltd., Bolise Co., Ltd., Wpasta Co. LTD., Guangzhou WellLand Foods Co., Ltd., Chr. Hansen Holding A/S, Univar Food Ingredients, Dynasty Colourants Co., Ltd., KF Specialty Ingredients, Hawkins Watts Australia, and Holland Ingredients.