Future Market Insights (FMI) shares that the vegetable carbon market is expected to register a 10% CAGR over the forecast period. In 2023, the market is projected to attain USD 8 million. By 2033, the vegetable carbon industry is expected to gain USD 20 million in revenue.
Attributes | Details |
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Vegetable Carbon Historical Market (2018) | USD 6.7 million |
Vegetable Carbon Historical Market (2022) | USD 7.7 million |
Vegetable Carbon Market Estimated Value (2023) | USD 8 million |
Vegetable Carbon Market Estimated Value (2033) | USD 20 million |
Vegetable Carbon Market Value CAGR (2018 to 2022) | 3.4% |
Vegetable Carbon Market Value CAGR (2023 to 2033) | 10% |
Are the Sales in Vegetable Carbon Market Projected to Continue Growing?
The upward trend of the market growth is projected to continue in the upcoming years. This is assisted by rising health concerns about food, which is pushing demand for clean-label food products and ingredients.
The growth forecast for the industry is anticipated to remain optimistic in the upcoming years, aided by rising innovations in applications of vegetable carbon. Food manufacturers are replacing artificial food coloring with natural colors and pigments derived from organic sources. Further, they are even scrutinizing the differences between natural colors and sustainable food colors.
A vegetarian diet significantly reduces an individual's carbon footprint, so vegan-friendly sustainable food color sales are on the rise.
Increasing Use of Vegetable Carbon in HoReCa Industry to Fuel Market Growth
Chefs love the particular shade of black derived from vegetable carbon. That hue of black flows with everything, including in cooking. It also adds personality to a dish, boosting other color schemes as well as flavorings whenever the time arrives to display those or a component of astonishment.
The use of vegetable carbon elevates even the basic of food products (such as cheeseburgers, wherein the bread dough is blended with vegetable charcoal flour, or pasta, which also gets forward hues of black rather than white to make the sauce stand out even vibrantly). This has no negative side effects and is practically tasteless. Vegetable carbon therefore can be used in both sweet and savory dishes.
In reality, vegetable carbon does have a considerable application, and several cooks have introduced charcoal-based meals to the recipes. The most widespread application is in bread and pizza crust, and also in the preparation of crackers for serving sausage, fish, cheese, or veggies. It is even served with caviar and shellfish, for example.
The second application is to flavor and color vegetable oils with a little vegetable charcoal powder to give this item a new shade of color, even while uncooked, and to improve the presentation of the dish.
Diverse applications within the food sector are expected to continue driving the vegetable carbon black industry.
Factors Propelling the Demand for Vegetable Carbon in Personal Care and Cosmetics Sector
Vegetable carbon has been used for ages to purify and detoxify. It has emerged as the all-new all-purpose beauty ingredient that can be used for skin, hair, and health in a variety of ways. Carbon has excellent skin and hair-beautifying properties. Thus, making it one of the top leading natural ingredients for skin and hair care.
Vegetable carbon is a non-abrasive exfoliate. It helps eliminate dead skin cells from the surface of the skin. It also draws impurities from the skin and fades acne scars, dark spots, discolorations, and uneven skin tone, as well as gently exfoliating the skin.
Vegetable carbon has anti-inflammatory properties that boost the healing of blemishes, hyperpigmentation, and discolored skin caused by inflammation. Considering these factors, the vegetable carbon industry is expected to register high demand from the cosmetic and personal care sector.
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Vegetable carbon is a fine black powder prepared with carbonized plant material and sold in supermarkets. Vegetable carbon black powder is primarily used in the food business, particularly in confectionaries requiring concentrated dark-tinted confectionery, frosts, or sweets. This powder is also used as a color additive and in conjunction with other colors to accomplish varying color intensities.
In 2018, March, the European Union published data on permitted food additives, which included vegetable carbon (E153). Following that, in connection with other EU regulations, the use of vegetable carbon increased in Europe’s food and beverage sector.
Vegetable carbon extracted from plants also is permitted for use in the food sector in Australia, Canada, and New Zealand. Plant-based vegetable carbon with active components that have medicinal uses such as cleansers and detoxification is being introduced by pharma firms. However, following the EU's permission, flavor enhancer producers are likely to increase manufacturing to introduce vegetable carbon.
Driven by different factors, the vegetable carbon market is forecasted to register a CAGR of 10% during the forecast period in contrast to the CAGR of 3.4% exhibited from 2018 to 2022.
The Department of Health (DOH) had to come in and shut it down just as black (goth) foods were reaching their peak. Eater New York reported that the city has forbidden activated charcoal from food and beverages due to an FDA judgment that restricts it from being used as a food additive or coloring additive.
The DOH has issued several commissioners orders since March 2016 requiring restaurants to discontinue products containing activated charcoal. Restaurants, on the other hand, have only recently been ordered to suspend selling products made with charcoal. Furthermore, Stringent regulations curbing the use of activated charcoal are expected to result in high sales in the vegetable carbon industry in the forthcoming years.
Country | China |
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Forecast CAGR % (2023 to 2033) | 7.8% |
China is estimated to be a potentially leading vegetable carbon industry over the forecast period. According to the FMI’s analysis, China’s carbon black industry is projected to expand at a CAGR of 7.8% CAGR between 2023 and 2033.
Coconut ash, a black-colored ice cream that has been a summer sensation in New York City since 2016, has recently become extremely popular among customers in China owing to its unique ink-colored look and superior taste. Because many internet users in China published images of the black ice cream on social media, the product quickly garnered widespread popularity in China, drawing an increasing number of individuals to taste it.
According to China’s rules for the use of food additives, vegetable carbon is a food additive as well as a color additive that can be used in frozen drinks at a maximum of five grams per kilogram. These factors are expected to continue favoring China’s vegetable carbon industry through the course of the forecast period.
Country | Japan |
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Forecast CAGR % (2023 to 2033) | 1.4% |
Japan’s vegetable carbon industry is estimated to register a CAGR of 3.5%. Black-colored food is becoming increasingly popular in the country. From black coconut-ash desserts and milkshakes to black brioche buns, the scope for the application of vegetable carbon in Japan’s food industry is ample.
With Japan frequently at the frontline of colorful meal and drink patterns, it's no surprise that Japanese Burger King created the Kuro Burger, which features a bun colored of bamboo charcoal, squid ink sauce, and black-colored cheese.
In Japan, Ikea even initiated a black Ninja Dog, a hot dog that is completely black, from the sausage to the bun. Black as a food color is not a new concept; for instance, squid ink had also long been used to flavor and color pasta and risotto. Black barley, quinoa, and garlic add visual interest and drama to local delicacies. These developments have positioned Japan as a key vegetable carbon industry in East Asia.
Country | Germany |
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Forecast CAGR % (2023 to 2033) | 16.5% |
Sales are estimated to rise steadily over the forecast period. According to FMI, Germany’s vegetable carbon industry is expected to register a CAGR of 2.7% between 2023 and 2033.
Customers in Europe are becoming conscious about the ingredients used in bakery products, as well as the source of the ingredients. Consumer preference for chemical-free bakery and confectionary foods is increasing the demand for sustainable food colors including vegetable carbon.
In 2012, EFSA (the European Food Safety Authority) stated that the usage of vegetable carbon as a color additive is risk-free, which is projected to boost the production of vegetable carbon.
Country | India |
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Forecast CAGR % (2023 to 2033) | 6.7% |
India’s market is estimated to register a CAGR of 6.7% through the forecast period. Manufacturers are engaging in expanding vegetable carbon production, investing in research to improve product portfolio to reach a wide consumer base in India, which is likely to boost the vegetable carbon demand in the country.
According to FMI analysis, the France market is projected to expand at a CAGR of 3.6% over the forecast period. Carbon from vegetable black is a rich and intense color that can easily be used in almost any production process. Its pourability results in improved color dispersion.
Black bread is a big trend in France and other countries in Europe. It is made by adding vegetable carbon to bread, and it tastes delicious.
This is not one’s usual rye or whole-wheat bread, which is dark than your average loaf. The popularity of these appealing baked goods is gaining traction on social media networks. It is likely that the use of vegetable carbon to propel.
Factors Backing the Growth of Candy and Confectionery Application Segment
Candy and confectionery accounted leading share in the applications segment. Sales of vegetable carbon in the candy and confectionery segment are projected to account for 23.7% of the overall demand in the market in 2023.
Candy and confectionery products particularly candies, gummies, and chocolates are in great demand from millennial consumers. Their inclination for natural food ingredients for health and well-being is projected to fuel demand in the vegetable carbon industry.
Food manufacturers are comprehensively incorporating research and innovation and technical advancements in response to the growing demand for natural food colors. Further, companies are increasing their manufacturing capability to cater to the increasing demand for vegetable carbon from diverse sectors within the food industry. They also are focusing on strengthening distribution channels in a way to attain a broad customer base.
Key Players Working in the Market
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Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD million for Value |
Key Countries Covered | The United States, Canada, Mexico, Germany, the United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Northern Africa, and South Africa |
Key Segments Covered | Applications and Region |
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 |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The market is valued at USD 8.0 billion in 2023.
DDW The Colour House, Bolise Co., Ltd., and Wpasta Co. LTD are the leading industry players.
The global market size is predicted to reach USD 20.0 billion in 2033.
The market is forecast to register a CAGR of 10.0% through 2033.
Increasing popularity of pitch-black food products and beverages to boost the market growth.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 5.1. Beverage 5.1.1. Milk Drinks & Milk Alternatives 5.1.2. Alcoholic Beverages 5.1.3. Carbonates (Carbonated Soft Drinks) 5.1.4. Sports Drinks 5.1.5. Coffee & Cocoa 5.1.6. Tea 5.1.7. Energy Drink 5.1.8. Juice Based Drinks 5.1.9. Flavored Water 5.1.10. Enhanced Water 5.2. Bakery, Snacks, & Cereal 5.2.1. Breakfast Cereal 5.2.2. Bread 5.2.3. Cakes & Pastries 5.2.4. Cookies 5.2.5. Biscuits & Cones 5.2.6. Frosting / Icing 5.2.7. Crackers & Savoury Snacks 5.3. Candy / Confectionery 5.3.1. Panned Candy 5.3.2. Chocolate & Compound Coating 5.3.3. Gummies 5.3.4. Chewing Gum 5.3.5. Jellies & Licorice 5.4. Dairy 5.4.1. Cheese 5.4.2. Ice Cream 5.4.3. Milk Drinks & Milk Alternatives 5.4.4. Pudding / Custard 5.4.5. Dips & Spreads 5.5. Fruit Preparations / Fillings 5.6. Meat, Poultry, Fish, & Eggs 5.6.1. Casings 5.6.2. Egg & Egg Substitute 5.6.3. Fish / Seafood 5.6.4. Jerky 5.6.5. Meat Substitute 5.7. Potatoes, Pasta, & Rice 5.7.1. Pasta 5.7.2. Potato Chips / Crisps 5.7.3. Processed Potatoes 5.7.4. Rice 5.8. Sauces, Soups, & Dressings 5.8.1. Asian Sauces 5.8.2. Barbecue & Steak Sauce 5.8.3. Condiments 5.8.4. Gravy / Dry Sauce Mix 5.8.5. Marinade 5.9. Seasonings 5.9.1. Batter 5.9.2. Breading and Coating 5.9.3. Bouillon / Soup Base / Stock 5.9.4. Liquid Smoke 5.9.5. Spice Blends / Dry Seasonings 5.10. Pet Food 5.10.1. Extruded / Dry Pet Food 5.10.2. Snacks / Treats 5.10.3. Wet Food 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source 6.1. Coconut Shells 6.2. Wood 6.3. Peat 6.4. Cellulose Residues 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. DDW The Colour House 15.2. Jiangmen Goody's Food Co., Ltd. 15.3. Bolise Co., Ltd. 15.4. Wpasta Co. LTD 15.5. Guangzhou WellLand Foods Co., Ltd. 15.6. Chr. Hansen Holding A/S 15.7. Univar Food Ingredients 15.8. Dynasty Colourants Co., Ltd 15.9. KF Specialty Ingredients 15.10. Hawkins Watts Australia 15.11. Holland Ingredients 15.12. Tyson Foods Inc. 15.13. Wen's Food Group 15.14. Muyuan Foodstuff Co. Ltd. 15.15. Santacolor 16. Assumptions & Acronyms Used 17. Research Methodology
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