Transparency Market Research has published a new report, titled “Vegetable Carbon Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2027.” The report has determined a high demand for processed food products, growing demand for natural food colourings, and the flourishing growth of cosmetic as well as pharmaceutical industries to be some of the most important factors behind the growth of the global vegetable carbon market. With growing investments in research and development as well as producing vegetable carbon by complying to regulatory specifications, the growth of the global vegetable carbon market is assured for the next few years. Some of the other factors impacting the market positively include growing disposable income, rapid increase in population, and urbanization.
There are some factors which are anticipated to challenge the growth of this market such as the health hazards which the workers suffer from on account of working in the manufacturing plants of vegetable carbon for long periods. In addition to this, consumption of vegetable cabin for long also poses a threat to the health of consumers. All these factors are anticipated to slow down the demand for vegetable carbon.
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On the basis of geography, immense growth opportunity lies in Europe as well as Asia Pacific on account of the growing demand for natural food colourings as well as flourishing bakery and confectionery industry. North America is expected to account for relatively low contribution to the growth of this market due to the restriction of using vegetable back in the US. By source, this market is segmented into peat, coconut shells, food, other shells, and cellulose residues. Among these, the wood segment is witnessing a fast growth rate. Some of the prominent players within the vegetable carbon market are Jiangmen Goody’s Food Co., DDW The Colour House, Ltd., Wpasta Co. LTD., Chr. Hansen Holding A/S, Bolise Co., Ltd., Guangzhou WellLand Foods Co., Ltd., Univar Food Ingredients, KF Specialty Ingredients, Hawkins Watts Australia, Dynasty Colourants Co., Ltd., and Holland Ingredients.