The Vegetable Carbon Market is experiencing significant growth due to increasing consumer demand for natural food additives and rising awareness regarding health benefits. Derived from various vegetable sources like coconut shells, wood, and peat, vegetable carbon is renowned for its natural black color and is extensively used in food and beverage products. With its application in food coloring, dietary supplements, and pharmaceuticals, the market is expected to witness continued expansion in the coming years.
According to FMI’s analysis, the vegetable carbon market is projected to grow at a CAGR of 10%, with an anticipated market value of USD 8 million in 2023.
The trend of incorporating charcoal-infused foods, which gained momentum during the historical analysis period, has now captivated restaurant owners, food enthusiasts, and social media users alike. Vegetable carbon is primarily utilized in the food and beverage sector, particularly in confectionery, to achieve a deep black hue in desserts, ice creams, and sweets.
Beyond culinary applications, vegetable carbon finds extended use in cosmetics, pharmaceuticals, and as a shading agent. Countries such as New Zealand, Canada, and Australia permit its use in the food industry, reflecting a growing acceptance of plant-based ingredients.
In March 2018, vegetable carbon received approval as a food additive in the EU, positioning food additive manufacturers favorably to increase production of plant-based carbon black. This product has emerged as a trendsetting ingredient, adding distinctive character in terms of texture, color, and flavor, thereby enhancing the aesthetic appeal of dishes. Generation Y, in particular, is drawn to innovative food creations. As a result, restaurants, cafes, and chefs are eager to experiment with vegetable carbon to introduce exciting new menu items.
While the trend is still in its nascent stages in emerging markets like India, it is steadily gaining traction among consumers. However, given that vegetable carbon is an acquired taste, businesses must consider that not all consumers may appreciate it immediately. By offering limited-time charcoal-infused food items, companies can generate excitement and capitalize on the growing demand.
Despite its visual appeal, end users should be aware of certain considerations when consuming vegetable carbon. Although deemed safe, it should be used in moderation or according to recipe guidelines. Individuals on medication should take caution, as vegetable carbon can potentially neutralize the effects of certain drugs and absorb minerals and nutrients from food. Using it in limited quantities can help maintain customer interest while ensuring a safe and enjoyable experience.
Top Highlights from the FMI’s Analysis of Vegetable Carbon Market:
- In 2022, the United States gained a significant portion of 34.5% of the vegetable carbon industry.
- Within Europe, Germany emerged as an important market by acquiring 16.5% of the global market.
- The United Kingdom is expected to pace the marketplace at a 5.6% CAGR in an estimated period.
- Japan acquired a 1.4% market share in 2022.
- China is projected to impressively expand at a CAGR of 7.8% in the review period.
- India, falling a little behind in terms of the CAGR of China, is projected to expand at 6.7%.
- The powder form of vegetable carbon holds a substantial portion of the market, i.e., 68.4%.
- Vegetable carbon finds noteworthy application in desserts. As per FMI estimates, the desserts segment acquired a 23% market share in 2022.
How are Vendors Gaining a Notable Market Share?
Operating companies in the market are researching improved ways of developing vegetable black from natural sources. Presently, the vendors offer an easy-to-use vegetable black solution. The same can be used in just about any form.
Merchants are gaining loyal customers by providing functional products for end users with simple label requirements. The enhanced color dispersion of vegetable carbon also leads to low cost-in-use for end users.
Companies are focusing on increasing their capacity to meet the increased demand for vegetable black in the market. By venturing out into emerging economies, where the consumers are less informed about the charcoal trend, companies can gain a beneficial position.
Key Companies Profiled
- DDW The Colour House
- Jiangmen Goody’s Food Co., Ltd.,
- Bolise Co., Ltd.
- Wpasta Co. LTD
- Guangzhou Well Land Foods Co., Ltd.
- Chr. Hansen Holding A/S,
- Univar Food Ingredients
- Dynasty Colourants Co., Ltd
- KF Specialty Ingredients,
- Hawkins Watts Australia
- Holland Ingredients.
- Tyson Foods Inc
- Wen’s Food Group.
- Muyuan Foodstuff Co. Ltd.
- Santacolor
- Others
Purchase now and delve into the intricacies of each segment.
Vegetable Carbon Industry by Category
By Application:
- Beverage
- Milk Drinks & Milk Alternatives
- Alcoholic Beverages
- Carbonates (Carbonated Soft Drinks)
- Sports Drinks
- Coffee & Cocoa
- Tea
- Energy Drink
- Juice Based Drinks
- Flavored water
- Enhanced Water
- Sparkling Waters
- Bakery, Snacks, & Cereal
- Breakfast Cereal
- Bread
- Cakes & Pastries
- Cookies
- Biscuits & Cones
- Frosting / Icing
- Crackers & Savory Snacks
- Candy / Confectionery
- Panned Candy
- Chocolate & Compound Coating
- Gummies
- Chewing Gum
- Jellies & Licorice
- Sprinkles & Sugar
- Hard Candies / Boiled Sweets
- Dairy
- Cheese
- Ice Cream
- Milk Drinks & Milk Alternatives
- Pudding / Custard
- Dips & Spreads
- Yogurt
- Fruit Preparations / Fillings
- Meat, Poultry, Fish, & Eggs
- Casings
- Egg & Egg Substitute
- Fish / Seafood
- Jerky
- Meat Substitute
- Processed Meat & Poultry
- Potatoes, Pasta, & Rice
- Pasta
- Potato Chips / Crisps
- Processed Potatoes
- Rice
- Sauces, Soups, & Dressings
- Asian Sauces
- Barbecue & Steak Sauce
- Condiments
- Gravy / Dry Sauce Mix
- Marinade
- Oils & Dressings
- Seasonings
- Batter
- Breading and Coating
- Bouillon / Soup Base / Stock
- Liquid Smoke
- Spice Blends / Dry Seasonings
- Pet Food
- Extruded / Dry Pet Food
- Snacks / Treats
- Wet Food
By Region:
- North America
- Latin America
- EMEAI
- 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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