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.
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