As per Future Market Insights’ latest industry analysis, the global food blue 5 market is set to witness growth at a CAGR of 2.9% and top a market valuation of US$ 14.7 Mn by 2032. Synthetic food colors such as the food blue 5 are widely used by food processing industry, unlike natural food colors.
Food blue 5 is also called Patent Blue V, L-Blau 3, C-Blau 20, Patentblau V, Sulphan Blue, Acid Blue 3, and Food Sky Blue. The global food blue 5 market is dominated by Brazil, Germany, and China, collectively, accounting for more than 32% of the demand share.
Further, rising application of food blue 5 in ready-to-eat packaged food and beverage products is propelling the demand in the market. Also, the food colors market is improving by the growing hype around unique-looking food dishes, innovative altering tastes, and food appeal preferences.
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Key Takeaways from the Market Study
- In Europe, the demand for food blue 5 is expected to grow at 3.4% CAGR between 2022 and 2032.
- North America Allura Red AC food colors market is upheld by Mexico as the color is banned in the U.S. and Canada as food additive.
- Germany food blue 5 market is expected to reach a valuation of US$ 1.1 Mn and expected to grow at a CAGR of 1.9% over the assessment period.
- In terms of application, the breading and coating segment in food blue 5 market will record sales of US$ 117,600 in 2022.
“Companies operating in food blue 5 would gain significantly by exploring developing economies and establishing strategic alliances with regional food and beverage brands which still have low capital investments.,” says a Future Market Insights analyst.
Competitive Landscape
Food blue 5 producers are adopting approaches like penetrating into emerging economies, funding research for safety checks, and establishing trade agreements with regional food processing industries.
These manufacturing corporations have been remaking the product to attract end-user industries and consumers. The market for food blue 5 is consolidated, hence, firms are focusing on better distribution channels like e-commerce to gain a competitive edge.
Key Companies Profiled
- Sensient Colors LLC.
- Symrise AG
- Chr. Hansen Holding A/S
- DIC Corporation (BASF SE)
- Archer Daniels Midland Company
- BioconColors
- DSM
- DDW
- San-Ei Gen F.F.I., Inc.
- Others
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Food Blue 5 Market by Category
By Form:
- Dyes
- Lakes
By Application:
- Beverage
- Bakery, Snacks, and Cereals
- Candy/ Confectionery
- Dairy
- Fruit Preparations/ Fillings
- Meat, Poultry, Fish, and Eggs
- Potatoes, Pasta, and Rice
- Sauces, Soups, and Dressings
- Seasonings
- Pet Food
- Others
By Region:
- Global
- North America
- Latin America
- Europe, the Middle East and Africa, and India
- Asia Pacific
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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