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Sunset Yellow FCF Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Sep 2020 | 40 Views
 
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Sunset Yellow FCF Market Analysis 2020-2027:

Sunset yellow FCF is a synthetic acid orange dye extracted from petroleum. Sunset yellow is primarily used as an artificial color additive in food to give orange–yellow color. It is used in food, cosmetics, condoms, and drugs.  The additive is similar to Allura and tartrazine. Many drinks such as soft drinks and packaged fruit juice will appear to be colorless after processing. The color of the food is essential as the consumer will evaluate the food before consumption. The bright color gives a sign of natural taste to the food. For instance, an orange flavored drink, which looks greenish, is expected to taste like lime juice. Thus, the color plays an important role in the consumer buying behavior. Numerous raw foods such as fruits and vegetable have attractive colors, but when processed are likely to lose the color. Sunset yellow helps to enhance the color of the food products, thus attracting the customers. Rapid growth of the food & beverages industry and increase in demand for processed foods across the globe are expected to propel the sunset yellow market growth during the forecast period.

 

Market scope and structure analysis

  Market size available for the years

   2020–2027

  Base year considered

  2019

  Forecast period

  2019–2027

  Forecast unit

  USD

  Segments covered

Types, Application, and Industry Vertical, and Region

  Regions covered

North America (U.S., Canada, and Mexico)

Europe(Germany, France, Italy, Spain, UK, and Rest of Europe)

Asia-Pacific (China, India, Japan, South Korea, Australia, and Rest of Asia-Pacific)

  • LAMEA (Brazil, UAE, Saudi Arabia, South Africa, and Rest of LAMEA)

  Companies covered

GNT International, Sensient Colours, Cathay Industry, Dynamic Products, Sigma- Aldrich Co. LLC, Sunfood tech

Shanghai Dyestuffs Research Institute Co Ltd, TNC Chemicals, and GFS Chemicals

 

Sunset yellow FCF market by type

  • Purity 95%
  • Purity 98%
  • Others

Sunset yellow FCF market by application

  • Food
  • Cosmetics
  • Drugs
  • Others

Sunset yellow FCF market by industry vertical

  • Pharmaceutical Industry
  • Cosmetics Industry
  • Food & Beverages Industry 

COVID-19 impact analysis

The effect of virus outbreak has made many industries to back off from the competition. The food &beverages industry has faced major losses due to the virus outbreak, as the population is refrained from dining out. Owing to the lockdown imposed globally, the food & beverages industry has experienced a sharp decline. However, few outlets are still operational, which deliver only the essentials in the time of crisis. Restaurants have managed to overcome this crisis by practicing various methods such as sanitized kitchen and regular temperature check for the employees. The product is still experiencing ample demand for the manufacturing of various drugs in the pharmaceutical industry. This contributed to the market growth even in times of global crisis. 

Market scenario analysis

The sunset yellow FCF market is expected to witness significant growth during the forecast period. The development in the food & beverages industry and demand for packaged & processed food, pharmaceutical, and cosmetics applications are expected to drive the global sunset yellow FCF market during the forecast period. The market is growing rapidly due to the availability of the product at low cost and its higher stability over other natural additives. The ease of achieving the right color through sunset yellow and longer shelf life make it superior to other natural additives. However, certain synthetic additives can act as trigger to individuals who are genetically predisposed. This factor may hinder the sunset yellow market growth.

Market trends

  • the use of sunset yellow as a coloring agent is one of the major trends in the market. The ability of the product to give the right colors and better stability than the natural additives. 
  • Similarly, the need for processed food is increasing rapidly. Consumers prefer processed fast food, as they are likely to skip breakfast due to their busy work schedule. Study shows that the color of the product plays a crucial role in the consumer buying behavior. Bright colors make the food look appetizing and natural, thus attracting large customer base. 
  • Sunset yellow FCF finds in applications in industries such as cosmetics and pharmaceuticals. The use of sunset yellow in various cosmetic products such as shampoo, moisturizer, lipstick, and nail polish has propelled the market growth in the past decade. Similarly, many pills are manufactured with sunset yellow, which gives them colors, thus making it easy to distinguish from other pills.

Regional insights

The global Sunset yellow market is studied across North America, Europe, Asia-Pacific, Middle East &Africa. Among these, North America dominated market, owing to the wide acceptance and application of sunset yellow in cosmetics, food & beverages, and pharmaceuticals industries. Asia-Pacific is expected to witness significant growth due to its increased demand for attractiveness in its food &beverages industry. Favorable government policies and less rules on the use of synthetic dyes on the food products propel the market growth in the region. On the other hand, Europe is expected to show a sluggish growth. This is attributed to the fact that government has imposed various restrictions in the consumption of sunset yellow, as it may pose threat to genetically predisposed individuals. 

Key benefits of the report

  • This report presents the analytical depiction of the global sunset yellow FCF industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis depending on competitive intensity and how the market will take shape in coming years. 

Questions answered in the global sunset yellow FCF market research report:

  • Which are the leading market players active in the global sunset yellow FCF market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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