Food Blue 5 Market to Surpass US$ 14.7 Mn by 2032 as Application in Ready-to-Eat Food Products Rises

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.

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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.

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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

Frequently Asked Questions

What is the demand outlook for food blue 5 market?
How much does pet food industry contribute to food blue 5 market?
What are the key factors fueling the demand in food blue 5 market?
What is the China food blue 5 market outlook?
At what rate will the food blue 5 market grow in Japan?

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.