Vegetable Carbon Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2027
Albany, NY -- (SBWIRE) -- 07/06/2018 -- A granular assessment of such trends and developments forms the crux of a report by Transparency Market Research (TMR). The study bears the title "Vegetable Carbon Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2027". The market is expected to expand at a lucrative pace during 2017–2027 supported by the rapid strides being made by the processed food sector world over.
The growing inclination of using organic-based food colorants in the processed food industry is a notable factor underpinning the evolution of the global vegetable carbon market. The drive for finding food additives with beneficial health effects in various parts of the globe is catalyzing the demand for vegetable carbon. The rising application of vegetable carbon as a stable food coloring agent in confectionery products, icing, baked goods and ice cream is boosting the market.
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The global market is witnessing attractive prospects from the notably emerging demand for vegetable carbon as supplements. When consumed in right amounts, they have proved promising for treating various diseases linked to intestine, such as flatulence and bloating, particularly for reducing postprandial flatulence. The beneficial effects hinge on the marked absorption property of vegetable carbon.
The rising application of vegetable carbon in baked goods is also witnessing a sustained fillip from the rising support from numerous regional regulatory authorities, notably in Europe. However, regulatory agencies in some regions have still not opened up to promising prospects of the market, notably in the U.S. Furthermore, the negative health impact of vegetable carbon on workers in the manufacturing industry is also crippling the growth of the market.
Nevertheless, the growth of the global market will be catalyzed by several macroeconomic factors such as the promising pace of urbanization, changing taste and preference of consumers, and the increasing number of regulatory approvals. The substantial application of vegetable carbon as shading agents used with other color additives in the processed food industry is also adding to the market revenues over the assessment period. The rising usage of wood and cellulose residues for making vegetable carbon will fuel the substantial expansion of the market.
On the regional front, Asia Pacific is a promising market for vegetable carbon driven primarily by the rising demand for natural food colorants. Europe is also expected to present several striking, lucrative opportunities for market players to tap into, owing to the rising demand for stable food colorants in confectionery. The potentially high demand for bakery products in regions such as Latin America and the Middle East and Africa is also helping the global market expand rapidly.
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The competitive landscape in the global vegetable carbon market is marked by the growing number of mergers and acquisitions involving producers and manufacturers, especially in developing and developed markets.
Some of the key players operating in the vegetable carbon market are Holland Ingredients, Hawkins Watts Australia, KF Specialty Ingredients, Dynasty Colourants Co., Univar Food Ingredients, Chr. Hansen Holding A/S, Guangzhou WellLand Foods Co., Wpasta Co. LTD., Bolise Co., Ltd., Jiangmen Goody's Food Co., and DDW, The Colour House.