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.
Key Takeaways from 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.
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
Read More : https://www.futuremarketinsights.com/reports/food-blue-5-market