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Brilliant Black BN Colors Market To Raise Expressively With 2.7% CAGR By 2032 | FMI

08-19-2022 06:05 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Brilliant Black BN Colors Market

Brilliant Black BN Colors Market

The brilliant black BN food colors market is set to witness growth at a CAGR of 2.7% and top a market valuation of USD 6.73 Mn by 2032, while it holds a value of USD 5.11 Mn in 2022.

The global artificial food colors market is impelled by the highly growing demand for innovative, unique-looking food dishes, and altering taste and food appeal preferences. This trend has been complemented further due to the advent of social media among the populations worldwide, grabbing attention and pushing the demand for brilliant black Bn colors.

FMI study indicates that synthetic food colors will account for nearly USD 1.06 Bn of sales in the global market by the end of 2032. Out of this, the brilliant black BN colors market will have a market share of USD 6.73 Mn or just 0.7% by 2032. By volume, brilliant black BN colors had a consumption of 1200 metric tonnes globally in 2021.

The synthetic food colors market is for the masses and is widely used by almost every food processing industry across the world, unlike natural food colors which is a niche market. Brilliant Black, also called Food Black 1, Brilliant Black PN, Brilliant Black A is a synthetic black diazo that is highly effective and easily imparts intense uniform color in food and beverage products at a faster pace, expanding the brilliant black BN colors market size.

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The global brilliant black food colors market is dominated by the Indo-China region and Brazil. An increase in consumer discretionary income in regions such as the Asia Pacific, the Middle East, Latin America, and Africa has made it easier for customers to consume more ready-to-eat packaged food products propelling the demand for synthetic black food color.

Key Takeaways from Market Study

The Asia Pacific brilliant black BN market exhibited sales of 370 metric tons by volume in 2021 and is expected to grow at 2.37% CAGR, the highest among regions, between 2022 and 2032.

In Europe, the Middle East, Africa, and India profiled as the EMEAI region, the demand for Brilliant Black food colors is expected to grow at 1.73% CAGR between 2022 and 2032, while the Indian Subcontinent is poised to have a revenue of USD 680,000 by 2032, pushing the demand for brilliant black BN colors.

The North American Brilliant Black BN food colors market is upheld only by Mexico as the food colorant is banned in the US and Canada, fueling the demand for brilliant black BN colors in the region.

By application, the beverage industry holds the highest market share of about 26.98%. The biggest sub-segment for brilliant black market is Chocolate and Compound Coating which is anticipated to clock a revenue of USD 251,300 in 2022.

The meat and poultry industry has been ballooning in the recent past and there has been good traction from this industry for Food Black 1 colors. This industry's consumption of brilliant black 1 was USD 216,000 in 2021.

"Companies of synthetic food colors which produce Brilliant Black BN would gain significantly by targeting the confectionery and baked foods industry. Brilliant Black 1 is the first choice for newer food processing units due to its unique color and affordability. Establishing strategic alliances with global viennoiseries, candy, confectioneries, and bakery food brands would immensely help these synthetic food colorant brands," says a Future Market Insights analyst.

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Competitive Landscape

Brilliant black BN colors market players have been heavily investing in research and development to reduce health hazards, minimize barriers to entry by convincing regulators in the market, while simultaneously making the product attractive to end-user industries and consumers, gaining the traction for the market and fueling the sales of brilliant black BN colors overall.

Also, large manufacturers such as Sigma-Aldrich International GmbH are moving towards web-based marketing and acquiring innovative regional units. Besides this, they are focusing on better supply channels using the latest software technology to make the colors more realistic including brilliant black BN colors. China and the East is major suppliers for reactive, disperse, and many other dyes.

Latest Market Developments

Vinayak Ingredients Pvt Ltd., completing its 45th year into the food color market, being one of the first menthol producers in India has deployed its new batch of brilliant black BN color that is primarily used in decorations and coating and color confectionary. This drives the sales of brilliant black BN colors globally.

Sensient food colors have upgraded their brilliant black BN colors that come with better water solubility and strong heat stability, giving it an edge around the counterparts, pushing the overall demand for brilliant black BN colors in new regions.

Brilliant Black BN Colors Market By Category

On the basis of form, the Brilliant Black BN colors market has been segmented as follows:

Solid
Powder
Granulated

By Application, Brilliant Black BN colors Market is Segmented as:

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

By Region, Brilliant Black BN Colors Market is Segmented as:

Global
North America
Latin America
Europe, the Middle East and Africa, and India
Asia Pacific

Frequently Asked Questions

How Big is the Brilliant Black BN Colors Market?
How Much Does Bakery, Cereal, and Snack Industry Contribute to Food Colors Market?
What is the growth outlook of Brilliant Black BN Colors market in EMEAI?
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Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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About Future Market Insights (FMI)
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.

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