Press Release

Future Market Insights recently published a market study on the global Erythrosine Market using the latest market research methodologies and analytical tools. The presented report discusses the various factors that are expected to impact the growth of the Erythrosine Market in different geographies over the forecast period, 2017 – 2027. The analysts track the latest trends, developments, and innovations in the Erythrosine Market space to provide readers a fair understanding of the current market scenario.

According to the report, the Erythrosine Market is expected to reach a value of ~US$XX by 2019 and register a CAGR growth of ~XX% during the forecast period 2017 – 2027. The growth of the Erythrosine Market primarily relies on the growing demand from the end-use industries, surging investments in R&D projects, and penetration of advanced technology in the past few years.

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The report aims to provide answers to some important queries related to the Erythrosine Market:

  • How have technological innovations impacted the growth of the Erythrosine Market in recent years?
  • Which regional market is expected to witness the highest growth over the forecast period?
  • Who are the most prominent companies operating in the Erythrosine Market?
  • What is the projected value of the Erythrosine Market in 2029?
  • What is the most effective market entry strategy adopted by emerging market players?

Key Findings of the Report:

  • Y-o-Y growth of the various market segments
  • Supply-demand ratio of various products in different regions
  • Growth prospects of emerging market players in region 1 and region 2
  • Sales, marketing, and promotional strategies of different market players
  • Recent product development and innovations

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Erythrosine Market Segmentation

The presented study dissects the Erythrosine Market into different segments to offer a clear understanding of the various aspects of the market.

key players operating in erythrosine market attempt to focus on changing consumer requirements to gain a competitive edge. Investments centering constant research initiatives regarding the efficacy of erythrosine are also being carried out by leading erythrosine market contributors.

  • Food Ingredient Solutions (FIS), a leading erythrosine market player recently partnered with Spain’s BTSA to provide Non-GMO vitamin E developed from IP non-GMO soy and sunflower oil.

  • BASF and Sichuan Lutianhua Co., Ltd., a globally recognized erythrosine provider recently signed a MoU to co-develop a pilot production plant, which will substantially reduce carbon emissions and boost energy efficiency in producing dimethyl ether from syngas compared to the tradition.

Sigma-Aldrich Co.LLC., a leading erythrosine market player was founded in 1996. The company’s parent organization is Merck Group and its subsidiaries include Cerilliant Corporation, Cell Marque Corporation, BioReliance Corporation, and more. The company aims to solve life science problems through collaborations with the global scientific community.

Dynemic Products Ltd., another company operating in the erythrosine market was founded in 1990 with its headquarters located in India. The company’s subsidiary includes Dynamic Overseas (India) Pvt. Ltd. The company is one of the largest manufacturer and exporter of food colors across the globe.

Erythrosine Market: Market Dynamics

Consumer Inclination towards Processed Foods to Foster Growth

Packaged and processed foods are becoming a vital aspect of today’s busy, on-the-go consumers, as they support their fast-paced lifestyles. Packaged and processed foods require effective preservation and stronger shelf appeal to entice consumers. Consumer inclination towards processed foods has shifted the food manufacturers towards synthetic food colorants that allow preservation for a longer period of time, including erythrosine.

As packaged and processed food consumption continues to rise, the application of synthetic food colorants such as erythrosine is likely to gain major impetus, supporting the growth of the erythrosine market.

Reluctance for Synthetic Additives to Hamper Sales

Although synthetic additives are gaining widespread applicability across a plethora of industries owing to its effective preservation for a longer time and cost-effectiveness over natural dyes, the growing positive perception associated to natural colorants and dyes is expected to hinder the sales of erythrosine. Demand for natural colorants and additives are witnessing a major growth on account of the rapid gravitation towards the health and wellness trend, and shift towards food products having naturally derived ingredients.

Health Adversities to Impact Adoption

Depending on its long term and short term utilization, erythrosine has potential carcinogic and mutagenic effects. Although it is used as a colorant alternative, the health adversaries of erythrosine have resulted in prohibition of the dye in certain regions. For instance, Erythrosine is banned in the US but is legal in Brazil and other countries. As health remains a top priority, it could hinder the adoption of erythrosine.

Regional Assessment: Asia Pacific to Maintain Market Dominance

Asia Pacific region accounts for a major market share of the erythrosine market. Gains are attributed to the increasing demand for packaged and processed foods and increasing emphasis on providing decorative products. Furthermore, with a number of erythrosine market players located in Asia Pacific countries, the market in this region is likely to witness notable growth. Europe also hold key opportunities for the erythrosine market contributors. However, the prohibition of erythrosine as a food dye in the North American countries, on account of its negative impact on health would exhibit challenges for the erythrosine market in North America.

Erythrosine Market: Segmentation

On the basis of end-use, the erythrosine market is segmented into:

  • Food & Beverages

  • Cosmetics

  • Pharmaceutical

  • Chemical

On the basis of form, erythrosine market is segmented into:

  • Liquid

  • Granules

  • Powder

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global erythrosine market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with erythrosine market attractiveness as per segments. The report also maps the qualitative impact of various factors on erythrosine market segments and geographies.

Report Highlights:

  • A detailed overview of parent market

  • Changing Erythrosine market dynamics in the industry

  • In-depth Erythrosine market segmentation

  • Historical, current, and projected Erythrosine market size regarding volume and value

  • Recent industry trends and developments in Erythrosine market

  • Competitive landscape of the Erythrosine market

  • Strategies for key players and products offered

  • Potential and niche segments, geographical regions exhibiting promising growth

  • A neutral perspective on Erythrosine market performance

  • Must-have information for Erythrosine market players to sustain and enhance their market footprint

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

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