The global indigo carmine market size is anticipated to reach a market valuation of USD 46.9 Million in 2022, with sales rising at a steady CAGR of 4.8% during the forecast period (2022 to 2032). Moreover, amid rising adoption in the food and beverage industry, the overall demand for indigo carmine is projected to exceed USD 77.4 Million by the end of 2032.
| Attributes | Key Statistics |
|---|---|
| Indigo Carmine Market Size (2022E) | USD 46.9 Million |
| Projected Market Valuation (2032F) | USD 77.4 Million |
| Value-based CAGR (2022 to 2032) | 4.8% |
| Top Region Market Share (North America) | 33.1% |
Indigo Carmine is an organic salt made from indigo by an aromatic sulfonation method that makes the chemical water soluble. It is a widely used food colorant all over the world. In the United States and the European Union, indigo carmine is allowed for use as a food additive and has the E number E132.
Indigo Carmine is extensively used as a pH indicator since it turns blue at pH 11.4 and yellow at pH 13.0 in a 0.2 percent aqueous solution. It also functions as a redox indicator, turning yellow when reduced. Similarly, it is used to detect dissolved ozone as well as superoxide, which is a crucial distinction in cell biology.
Indigo Carmine is a synthetic food color that is used in conjunction with Patent Blue V to give products a blue tint. It is mostly used as a blue additive in the food and beverage sector and can be used with dyes to produce various yellow, purple, and blue tones. Certain colors are connected with specific flavors, and the color of food affects the flavor perception of anything added to it. Color additives like indigo carmine impart colors when added to food or drink.
A study by Future Market Insights displays that food colors will account for nearly USD 5.3 Billion of sales in the global market by 2032. The food colors market exhibited a sale by volume of about 185,000 metric tons in 2021, while indigo carmine dyes exhibited a sale of about 3155 metric tons in 2021.
The market report suggests that the demand for indigo carmine colorants is expected to reach around 5100 metric tons by 2032.
However, a rising preference for natural food colors triggered by growing awareness about the harmful effects of synthetic colors on the human body and the environment is acting as a growth restraining factor.
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The global indigo carmine sales are projected to grow at a CAGR of 4.8% between 2022 and 2032, in comparison to the 3.2% CAGR registered from 2017 to 2021. The rising adoption of indigo carmine as a food coloring additive in the food and beverage industry is a key factor driving growth in the global indigo carmine market.
Over the years, indigo carmine, also called indigotin and brilliant indigo, has become one of the commonly used food coloring additives in the food and beverage industry on account of its low cost, easy availability, and several other benefits. It is a more vibrant coloring agent than other available natural colorings and adds much greater stability to the product. Rising applications of indigo carmine in food and beverages are expected to push the demand for indigo carmine over the assessment period.
Indigo carmine is used in coloring frozen, convenience, ready-to-eat, and processed foods, carbonated drinks, and alcoholic beverages as well as juices, sauces, etc. Thus, increasing consumption of these products along with growing demand for exotic-looking food dishes and increasing importance to food appeal preferences will propel sales of indigo carmine during the forecast period.
Food and beverage manufacturers utilize indigo carmine to make food more attractive, enhance the naturally occurring color, provide color to colorless food, and allow the consumer to identify the product by sight.
Similarly, the rising usage of indigo carmine across industries like pharmaceuticals, household cleaning products, medical pieces of equipment, stamp dyes, and cosmetics is expected to aid the growth of the indigo carmine market. Indigo Carmine is being increasingly used for diagnostic purposes in the healthcare industry.
Indigo Carmine appears to cause allergic and intolerance reactions. Also, misconceptions about synthetic food colorants among consumers are key restraints to the market. Indigo Carmine, even though is a water-soluble non-azo colorant, its water solubility is not that good, hence it has found lesser application in liquid food items. Indigo Carmine lacks nutritional content. Also, the snowballing consumption of natural food colors by big food processing industries might impact the indigo carmine revenue.
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Rising Adoption of Indigo Carmine as a Diagnostic Dye Creating Opportunities in the USA Market
As per FMI, the USA indigo carmine market was valued at USD 11 Million in 2021 and is likely to expand at a relatively higher CAGR during the assessment period. Demand for indigo carmine in the USA market is driven by rapid adoption from the healthcare and food & beverage industries.
With changing lifestyles and rapid economic growth, there has been a sharp rise in the consumption of foods like bakeries, snacks and cereals, beverages, and fruit fillings across the USA during the last few years. As indigo carmine is being increasingly used in these products, the surge in their production and sales will stimulate growth in the global indigo carmine market.
Similarly, the rising usage of indigo carmine as a diagnostic dye in the healthcare industry is playing a key role in propelling growth in the USA indigo carmine market.
Additionally, factors such as the growing popularity of affordable synthetic food colorants, expansion of food manufacturing industries, and heavy presence of leading indigo carmine manufacturers are likely to expand the indigo carmine market size in the USA during the forecast period.
Application of Indigo Carmine in the Food and Beverage Industry Driving Growth in the China Market
The total sales of indigo carmine reached USD 3.3 Million in China in 2021 and are further slated to grow at a CAGR of 4.2% during the forecast period (2022 to 2032). This can be attributed to the rising usage of indigo carmine in applications like beverages, bakeries, snacks, confectioneries, dairy, fruit preparations, sauces, soups, dressings, pet food, etc.
Similarly, the growing popularity of synthetic food colorants due to their easy availability and cost-effectiveness, the presence of lax government regulations, and the growth of various food industries, such as meat processing, bakery & confectionery, pet food industry, and functional food products will favor the growth of the indigo carmine market in the country during the forecast period.
Demand for Indigo Carmine to Remain High in Beverages Segment
By application, the beverages segment holds the largest share of 24.7% of the global indigo carmine market and is likely to continue its dominance during the forthcoming years. This can be attributed to the rising usage of indigo carmine as a food coloring agent in a wide range of beverages.
On the other hand, the bakery, snacks, and cereals segment is expected to accelerate with a CAGR of 4% through the course of the assessment period.
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Many regional market players contribute to the global Indigo Carmine market. Indigo carmine firms have been working on improving their miscibility to attract end-user industries and consumers. Some of the prominent players identified in the global Indigo Carmine market include Sensient Colors LLC, Tianjin Baishi Chemical Co., Ltd., Asim Products, Sunfoodtech, Beijing Hengye Zhongyuan Chemical Co., Ltd. GNT International B.V., GFS Chemicals Inc, Dynamic Products Ltd., Sigma-Aldrich Co. LLC., Shanghai Dyestuffs Research Institute Co. Ltd., and TNC Chemicals Philippines Incorporated.
| Attributes | Details |
|---|---|
| Anticipated Growth Rate (2022 to 2032) | 4.8% |
| Estimated Market Size (2022) | USD 46.9 Million |
| Projected Market Size (2032) | USD 77.4 Million |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; Middle East and Africa; and India; Asia Pacific |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Peru, Argentina, UK, China, India, Japan, Germany, Italy, France, South Africa, South Korea, Australia, and GCC Countries |
| Key Segments Covered | Type, Application, and Region |
| Key Companies Profiled | Sunfoodtech; Sensient Colors LLC.; Dynamic Products Ltd; Chinasun Specialty Products Co., Ltd; Tianjin Baishi Chemical Co., Ltd.; Beijing Hengye Zhongyuan Chemical Co., Ltd.; Wenzhou Dongsheng Chemical Reagent Factory; Shanghai Baiyan Industrial Co., Ltd.; Emco Dyestuff Private Limited; Denim Colourchem Pvt Ltd; Neelikon Food Dyes & Chemicals Ltd; Kelco Chemicals Co., Ltd.; Dintech Chemical Co., Ltd.; Gogia Chemical Industries Pvt. Ltd.; Asim Products; Others |
| Report Coverage | Market Forecast, Drivers, Restraints, Opportunities and Threats Analysis, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global indigo carmine market was valued at nearly USD 44.9 Million in 2021 and is estimated to touch a valuation of USD 46.9 Million in 2022.
The indigo carmine market in China is expected to grow at 4.2% CAGR between 2022 and 2032.
As blue-shaded seasonings are rare to find, the seasonings segment accounted for 3.6% of sales in the indigo carmine market in 2021.
The Japan indigo carmine market exhibited sales of 180 metric tons in 2021 and is expected to grow at a 4.9% CAGR between 2022 and 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 5.1. Type I 5.2. Type II 5.3. Type III 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Beverages 6.2. Bakery, Snacks, and Cereals 6.3. Candy/Confectionary 6.4. Dairy 6.5. Fruit Preparations/ Fillings 6.6. Meat, Poultry, Fish, and Eggs 6.7. Potatoes, Pasta, and Rice 6.8. Sauces, Soups, and Dressings 6.9. Seasonings 6.10. Pet Food 6.11. Others 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia 7.6. Oceania 7.7. Middle East and Africa 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Sunfoodtech 17.2. Sensient Colors LLC. 17.3. Dynemic Products Ltd 17.4. Chinasun Specialty Products Co., Ltd 17.5. Tianjin Baishi Chemical Co., Ltd. 17.6. Beijing Hengye Zhongyuan Chemical Co., Ltd. 17.7. Wenzhou Dongsheng Chemical Reagent Factory 17.8. Shanghai Baiyan Industrial Co., Ltd. 17.9. Emco Dyestuff Private Limited 17.10. Denim Colourchem Pvt Ltd 17.11. Neelikon Food Dyes & Chemicals Ltd 17.12. Kelco Chemicals Co., Ltd. 17.13. Dintech Chemical Co., Ltd. 17.14. Gogia Chemical Industries Pvt. Ltd. 17.15. Asim Products 17.16. Others (On additional request) 18. Assumptions & Acronyms Used 19. Research Methodology
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Indigo Carmine Market
