Global Vegetable Carbon Market: Overview
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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Global Vegetable Carbon Market: Dynamics
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.
Global Vegetable Carbon Market: Regional Overview
By geographies, the global vegetable
carbon market is segmented into seven regions -- North
America, Western Europe, Asia-Pacific except Japan, Eastern Europe,
Latin America, the Middle East & Africa, and Japan. Among the
regions, Western Europe accounts for a relatively high share of the
global vegetable carbon market in terms of value, owing to high
demand for food colorants in the region. Asia Pacific is followed by
Western Europe in the global vegetable carbon market, attributed to
rapidly rising demand for processed food and beverages across the
region. Eastern Europe and Japan also accounts for significant value
share in the global vegetable carbon market. The North America is
expected to account for relatively low value as well as volume share
in the global vegetable carbon market, owing to the restriction of
the use of vegetable black in the U.S. market. Latin America and
Middle East Africa is expected to have relatively high opportunity
for vegetable carbon market players, attributed to high demand for
bakery and confectionery products in the region. Overall, the outlook
for the global vegetable carbon market will have a positive growth
over the forecast period.
Global Vegetable Carbon Market: Key Players
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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