Rockville, MD -- (SBWIRE) -- 08/07/2018 -- Vegetable Carbon: Market Outlook

Vegetable carbon, also known as vegetable black, carbon black or carbo medicinalis vegetabilis, is an insoluble black food coloring agent produced through charring or steam activation of vegetable fibers. The raw materials used during the steam activation process include nut shells, wood, peat, and cellulose residues, followed by carbonization and high temperature. European and Canadian authorities approve vegetable carbon as a color additive whereas the United States FDA does not allow its use. The increasing demand for food colorants in Western Europe and Asia Pacific contributes to the relatively high production of vegetable carbon in these regions.

Growing Preference for Vegetable Carbon Fostering Growth

The high demand for processed food products including natural colorants has led to an increasing demand for vegetable carbon. Consumption of vegetable carbon enables the digestive system to collect various toxins and absorb gases produced through bad eating practices, thereby cleansing the body and preventing intestinal infections. These medicinal benefits have ushered the demand for vegetable carbon in the pharmaceutical industry. Apart from food and medicinal purposes, vegetable carbon finds an array of applications in the cosmetic industry as well. Despite the numerous benefits of vegetable carbon, the health hazards associated with the workers working in plants along with the higher consumption of these colorants in food products restrain the global vegetable carbon market to some extent. Companies manufacturing vegetable carbons have a lucrative opportunity for growth in the global market by merging with the food processing industry, especially in regions with high demand for these colorants such as Western Europe and Asia-Pacific.

Global Vegetable Carbon Market: Key Players

Some of the key players operating in the global vegetable carbon market are DDW The Colour House, Dynasty Colorants Co. Ltd., KF Specialty Ingredients, Hawkins Watts Australia, Holland Ingredients, Jiangmen Goody's Food Co. Ltd., Bolise Co. Ltd., Wpasta Co. Ltd., Guangzhou WellLand Foods Co. Ltd., Chr. Hansen Holding A/S, and Univar Food Ingredients.

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Opportunities for Market Participants

The growing use of coloring agents derived from natural sources has led to an increasing demand for vegetable carbon among consumers. From food processing to pharmaceuticals, the multi-benefit profile of vegetable carbon has provided it with a strong position in the market. Manufacturers should focus on collaborating with different industries and come with ideas of promoting the uses of the vegetable carbon in regions with high demand for confectioneries and bakery products.

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Brief Approach to Research

Our analysis will follow a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.