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Erythrosine Market

Erythrosine Market

Erythrosine Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028

Erythrosine Market

Market Overview

Erythrosine, otherwise known as Red No.3, has been gaining high prominence as a food colorant. Having been characterized as one of the best chemicals in terms of performance, erythrosine is also gaining high prominence in case of printing and dyeing applications. Favorable particulars on erythrosine by prominent organizations, such as European Food Safety Authority (EFSA) and World Health Organization (WHO), have restored the confidence of food manufacturers to use it as a reliable food colorant. Multiple benefits of erythrosine apropos of skin and health has predominantly spurred its adoption of cosmetics and personal care products.

Erythrosine dyes are being extensively utilized in case of multiple modern foods, such as ready-to-eat convenience foods and low-calorie foods, and fruit juices. The spurring demand for erythrosine is poised to take off by significant margins in line with its increasing prominence as one of the major additives necessary for processed food products.

Erythrosine is also being increasingly utilized in case of the pharmaceuticals industry, wherein coloring of capsules and tablets are done with the help of erythrosine pigment. The growth trajectory of erythrosine market is poised to register a notable upturn in parallel with the rising production as well as consumption of specialty foods.

Market Outlook:

From the 20th century, there has been an increase in the processing of food, which has led to the usage of new types of food additives such as nutritional agents, processing agents, preservatives, sensory agents, flavourings, colour retention agents, baking agents and acid regulators, among others. In recent decades, sensory agents, a type of food additive, registered enormous growth in the market. Sensory agents are colorants that are added to food and beverage products.

Colorants are an important characteristic of food as they directly influence the impression of the quality and the flavour of food. Erythrosine is a type of food colorant that is red in colour and is made from coal tar. It is an organic dye that consists of sodium and iodine. It is commonly referred to as red dye due to its appearance. Erythrosine dyes are used in many modern foods such as ready-to-eat convenience foods, low-calorie foods, fruit juices and snacks. The burgeoning demand for erythrosine is expected to result in lucrative market growth as it is one of the major additives that is required for processed food products.

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Reason for covering this title:

Colorants are of two different types: natural colorants and synthetic colorants. Natural colorants are obtained from plant extracts and synthetic colorants are treated with chemicals and aluminium hydroxide. Erythrosine is a synthetic red colour that is primarily used as a food colorant in cocktails, candies, popsicles, coloured pistachio shells and cake decorating gels. Erythrosine is classed as a xanthene dye. Xanthene is a fluorescent dye that ranges from yellow to pink to bluish red.

The fluorescent colour that is being used in the food and beverage industry is achieved by the addition of xanthene and erythrosine dyes. Erythrosine imparts a bright pink shade with good stability to heat and is highly stable in the presence of sulphur dioxide, and this helps preserve the colour that is being added to food. Erythrosine is also being used in the pharmaceuticals industry for the colouring of capsules and tablets. The erythrosine market is expected to register significant growth in the upcoming decade owing to an increase in the production and consumption of modern food such as ready-to-eat convenience food, fruit juices and others.

Global Erythrosine Market: Key Players

Some of the key players operating in the global erythrosine market are Univar Colour; Sigma-Aldrich Co. LLC; Dynemic Products Ltd.; Food Ingredient Solutions LLC; Parshwanath Dyestuff Industries; Sun Food Tech.; Kolor Jet Chemical Pvt. Ltd.; BASF SE; Jagson Colorchem Limited; Matrix Pharma Chem; Vidhi Specialty Food Ingredients Limited; Rung International; Vinayak Ingredients India Pvt. Ltd. and Kanegrade Ltd.

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Key Developments in Erythrosine:

In 2018, Kanegrade Ltd. announced that it has offered an extensive range of organic vegetables and herb mixes that contain natural & organic food additives. This is expected to boost the market for external organic food additives as people these days prefer organic and natural food over conventional food.

In 2016, Vinayak Ingredients India Pvt. Ltd. exhibited its products Herbo Core, an exhibition held in Kenya. This is expected to facilitate the growth of the company’s products in the MEA region.

Opportunities in the market for erythrosine:

Increase in the demand for convenience food in the upcoming years is unstoppable. According to the WHO, the Erythrosine intake in Canada is more than that in the US and other regions. The distribution of products through small and large players is likely to significantly boost the erythrosine market in the coming years.

An Adaptive Approach to Modern-day Research Needs

Brief Approach to Research

The company will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

  • An overview of the market, including background and evolution
  • Macroeconomic factors affecting the market and its potential
  • Market dynamics, such as drivers, challenges, and trends
  • Detailed value chain analysis of the market
  • The cost structure of the products and segments covered in the study
  • In-depth pricing analysis, by key product segments, regions and by major market participants
  • Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
  • Analysis of the market structure, including a tier-wise categorization of key market participants
  • Competitive landscape of the market, including detailed profiles of the top players in this market

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Global Erythrosine market: Market Segmentation

On the basis of end use, the global erythrosine market has been segmented as

  • Beverages
    • Convenience food and ready meals
    • Bakery products
    • Confectionary
    • Functional food and nutrition
  • Cosmetics

On the basis of form, the global erythrosine market has been segmented as

  • Powdered Erythrosine
  • Liquid Erythrosine
  • Granule Erythrosine

On the basis of distribution, the global erythrosine market has been segmented as

  • Direct
  • Indirect
    • Pharmaceuticals
    • Specialty Stores
    • Retail
    • Online

On the basis of region, the global erythrosine market has been segmented as

  • Northern America
  • Latin America
  • Europe
  • APAC
  • MEA

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