The global quinoline yellow WS (water soluble) market is projected to reach a valuation of USD 28.5 Million in 2022, growing at a CAGR of 3.9% between 2022 to 2032. The market is anticipated to be valued at USD 46.0 Million in 2032.
Attributes | Key Statistics |
---|---|
Global Quinoline Yellow WS Market Estimated Size (2022E) | USD 28.5 Million |
Projected Market Valuation (2032F) | USD 46.0 Million |
Value-based CAGR (2022 to 2032) | 3.9% |
Value Share of Top Region: Asia Pacific | 37.5% |
A study by Future Market Insights mentions that food colors will account for nearly USD 5.3 Billion in terms of sales in 2032. By volume, the food colors market exhibited sales of about 185,000 metric tons in 2021, while quinoline yellow WS dyes showcased sales of around 2030 metric tons in the same year.
Quinoline yellow WS or food yellow 13 is a mixture of organic compounds made from the quinoline yellow SS (spirit soluble) dye. It is used as a colorant in medications, processed foods, dietary supplements, and cosmetics. It is usually combined with brilliant blue to produce various shades of green.
Quinoline yellow WS, also known as E104 in Europe, is a greenish-yellow food colorant used in a wide variety of applications. It is often utilized in restricted beverages in the European Union (EU) and Australia, as well as used in meals for decorations and coatings.
Quinoline yellow WS is not listed as a permissible food additive in Canada or the USA However, it is approved for use in medications and cosmetics under the name D&C Yellow 10.
Products containing quinoline yellow WS are widely applied in processed commercial food items. It provides them with an artificial green color. It is also added to foods to make them more attractive and enable consumers to identify the product from afar.
The global quinoline yellow WS market is mainly driven by increasing demand for exotic dishes. The rising use of social media platforms in both developed and developing countries is also anticipated to augment the demand for quinoline yellow WS in the next decade.
Demand for quinoline yellow WS is expected to reach approximately 3050 metric tons by 2032. As people are becoming more aware of the various food ingredients they are consuming, the need for natural food ingredients is rising. It is further expected to propel the demand for organic food colors like quinoline yellow WS in the evaluation period.
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Quinoline yellow WS is gaining immense popularity worldwide due to its affordability and easy accessibility. The advent of numerous start-up food processing companies with rising penetration of the internet and increasing health concerns is also expected to drive the market.
Synthetic colors like quinoline yellow WS are cost-effective and hold a huge competitive advantage as they are conveniently miscible. Quinoline is thus widely incorporated in the production of various specialty chemicals.
Unlike conventional synthetic food colors, quinoline yellow WS has antibacterial properties. It contains primaquine, amodiaquine, chloroquine, and quinine which are utilized in the treatment of malaria. Hence, quinoline yellow WS finds application in drugs and pesticides. Demand for these end-use products is expected to surge in Asia Pacific, thereby pushing the market.
The ability of quinoline yellow WS to add more vibrancy and stability to food products, as compared to natural yellow colorants is another vital factor that would aid growth. It is also used in frozen foods like meat, ice creams, and cakes.
Apart from that, quinoline yellow WS is used in convenience, ready-to-eat, and processed foods, as well as baked goods, carbonated drinks, alcoholic beverages, juices, sauces, and soup mixes. Spurred by the aforementioned factors the global quinoline yellow WS is set to exhibit growth at a CAGR of 3.9% in the forthcoming years from 2022 to 2032.
Overexposure to quinoline yellow WS may cause nausea. It can also lead to adverse effects on the cornea, retina, and optic nerves. Besides, bans in a few regions and reluctance for synthetic food colorants among consumers are some of the other key restraints in the market. The surging use of natural food colors like spirulina colorants by international food processing companies is another significant factor that may challenge growth.
Use of Quinoline Yellow Colour as a Precursor to Oxine Will Boost Mexico Market
As per FMI, the Brazil quinoline yellow WS market was valued at USD 3.6 Million in 2021 and is set to be followed by China in terms of share. As government agencies have banned the use of quinoline yellow WS in the USA and Canada, the North American market is mainly driven by Mexico. Increasing utilization of quinoline yellow WS as a precursor to 8-hydroxyquinoline (oxine) across Brazil is anticipated to drive growth.
Quinoline Yellow Dye Producers to Set up Manufacturing Facilities in India
India is projected to show considerable growth in the South Asia quinoline yellow WS market during the forecast period. Increasing adoption of numerous innovative food colorants by local companies in the country is projected to drive the market.
Various international food-grade color manufacturers are setting up their technologically advanced manufacturing facilities and establishing robust distribution networks in India owing to the easy availability of raw materials.
In addition, rising agricultural activities in the country are set to push the need for pesticides. Thus, increasing utilization of quinoline yellow WS for the manufacturing of pesticides is anticipated to bolster growth.
Expansion of the food industry, especially meat processing, bakery & confectionery, and processed food segments is another crucial factor that would augment growth in India. The presence of favorable government policies accelerating the development of unique foods and drinks is also set to spur growth.
Quinoline Yellow Colour to Find Application in Dairy Products
Based on application, the dairy, beverage, bakery, snacks, & cereals, fruit preparations/fillings, and candy/confectionery segments are likely to dominate the global quinoline yellow WS market. The dairy segment is anticipated to grow at a CAGR of 4.16% in the assessment period. Besides, the beverage segment is likely to hold nearly 27% of the quinoline yellow WS market share in the forthcoming years.
Some of the leading companies operating in the global quinoline yellow WS market include Merck KGaA, Vijay Chemical Industries, Salvi Chemical Industries, Neelikon Food Dyes & Chemicals, Symrise, Sigma-Aldrich Co. LLC., and Shanghai Dyestuffs Research Institute Co. Ltd., among others.
Emerging countries across the globe have been a target for synthetic food colorant producers in the recent past. Several companies are focusing on expanding their product portfolios to attract more consumers. A few other key players are aiming to engage in mergers & acquisitions, joint ventures, agreements, and product innovations to gain a competitive edge.
Attributes | Details |
---|---|
Estimated Market Size (2022) | USD 28.5 Million |
Projected Market Valuation (2032) | USD 46.0 Million |
Value-based CAGR (2022 to 2032) | 3.9% |
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | Value (USD Million) and Volume (MT) |
Key Regions Covered | North America; Latin America; Europe; the Middle East and Africa; East Asia; South Asia; and Oceania |
Key Countries Covered | United States of America, Canada, Mexico, Brazil, Peru, Argentina, United Kingdom, China, India, Japan, Germany, Italy, France, South Africa, South Korea, Australia, and GCC Countries |
Key Segments Covered | Purity, Solubility, Application, and Region |
Key Companies Profiled | Sensient Cosmetic Technologies; Spectra Colors; Merck KGaA; Koel Colours; Shaedong Aoertong Chemical; Steris PLC; Sigma-Aldrich Co. LLC.; Diversey Inc.; Kao Corporation; Clariant; Neelikon Food Dyes and Chemicals; Symrise; Sun Chemical (DIC); Daito Kasei Kogyo; 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 quinoline yellow WS market is set to be valued at nearly USD 29.7 Million in 2022.
The ice cream industry generated a 3% of share the quinolone yellow WS market in 2021.
The Japan quinoline yellow WS market exhibited sales of 222 metric tons in 2021 and is expected to grow at 2.9% CAGR between 2022 and 2032.
The China quinoline yellow WS market is likely to register a 2.3% CAGR during the forecast period of 2022 and 2032.
The India quinoline yellow WS market showcased sales of over 83.6 metric tons in 2021.
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