The global sales/shipment of FD&C lakes is predicted to grow at a rapid pace during 2021-2031. FD&C lakes are particularly versatile and adaptive since they are relatively inert absorption compounds.
It can also be dispersed in propylene glycol, glycerine or sucrose suspensions, which make it a popular choice for colouring food, beverages, cosmetics, and pharmaceuticals among other products. The wide range of applications offered by FD&C lakes is estimated to boost its sales during 2021-2031.
Multiple Benefits Offered by FD and C Lakes Estimated to be a Significant Driver
FD&C lakes last longer and are less expensive than other certified colourants like FD&C dyes and pigments. It disperses easily in high-fat systems, making it suitable for colouring foods with fats, oils, or products that don’t have enough moisture to dissolve dyes.
Coated pills, baking mixes, candies, and chewing gums, lipsticks, and shampoos among others widely utilise FD&C lakes as they are more stable than water-soluble dyes.
FD&C lakes are also good for cosmetics because they don’t bleed colour. It also has vivid hues, similar to synthetic dyes. It can be made with a variety of dye concentrations, allowing manufacturers of end-use industries to tailor the lakes to their specifications. During the projected period, the aforementioned factors are expected to boost sales of FD&C lakes.
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Vibrant Food Colours Estimated to Correlate with Positive Buyer Perception
When it comes to the food and beverage sector, colour has long been acknowledged as one of the most important visual indicators predicting the likely sensory attributes.
Food colour can be thought of as a significant product-intrinsic sensory signal influencing the consumer’s sensory and hedonic expectations for the foods and drinks they purchase and consume. Hence, getting the colour just right can have a big impact on food acceptance, satisfaction, and, ultimately, food consumption.
Food and beverage companies are likely to use bright and attractive colourants in their products as a growing number of consumers desire aesthetically pleasing foods and beverages. As a result, during the forecasted period, FD&C lake manufacturers are anticipated to witness higher demand for their products.
The US and Canada Demand Outlook for FD and C Lakes Market
The booming pharmaceutical and dietary supplement industry is estimated to support the growing demand for FD&C lakes in North America market. In 2019, a study revealed 77% of the US population consumed dietary supplements out of which adults between the ages of 30-40 were likely to intake the most amount of supplements in the region.
As the dietary supplement continues to innovate in terms of products offering, more and more manufacturers are anticipated to demand FD&C lakes, which is likely to be a significant factor for market expansion in the region.
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Europe FD and C Lakes Market outlook
FD&C lakes are widely used in processed food in the region. A study conducted in 2018 stated that 19 European countries including the U.K have high consumption rate of processed food products.
The trend is estimated to continue during 201-2031 owing to hectic lifestyle of population in the region. Increasing consumption of convenience and processed food in Europe is estimated to enhance sales of FD&C lakes during the forecast period.
FD and C Lakes: Key players
Some key FD&C lakes market players include
- DyStar Singapore Pte Ltd
- IFC Solutions
- Organic Lakes and Pigments
- Pylam Products Company Inc.
- Neelikon
- Dynemic Products Ltd.
- Standard Colors Inc.
- Marcor
- Koel Colours Pvt. Ltd.
- Sensient Colors LLC
- Merck KGaA
- and Chemworld International
- Ltd. Inc. among others.
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FD&C Lakes: Market Segmentation
Based on Form:
- Powder
- Granule
Based on Dye Concentration:
- Low (11-18% dye)
- Medium (24-28%)
- High (35-45% dye)
Based on End-use Industry:
- Food and Beverage
- Pharmaceutical and Nutraceutical
- Animal Feed and Pet Food
- Cosmetics and Personal Care
- Packaging
- Others
Based on Distribution Channel:
- B2B (Direct sales)
- B2C (Indirect sales)
- Hypermarket/Supermarket
- Specialty Store
- Convenience Store
- Other Store-based Retailing
- Online retail
Based on Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Oceania
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