According to a recent report by Reports and Data, the global acid orange market is predicted to reach USD 335.1 million by 2030 with a revenue CAGR of 8.5% during the forecast period. The market is expected to be driven by the rising demand for acid orange dyes in the textile industry, the increasing adoption of acid orange as biological stains, and its use in cancer detection. Acid Orange 7, a food-grade color dye, is widely used in the food & beverage industry and its color retention properties have led to increased demand. However, the harmful side-effects observed in people consuming foods with acid orange food dye could hamper market growth. The textile segment accounted for the largest revenue share in 2021, while the HDPE drums segment is expected to account for the largest revenue share in the global acid orange market in 2021. The market in the Asia Pacific region is expected to account for the largest revenue share in the global market over the forecast period. The report also provides a list of companies profiled in the global market report, such as Sigma-Aldrich Corporation and Tokyo Chemical Industry Co., Ltd. Reports and Data has segmented the global acid orange market based on color index number, application, packaging, and region.
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Acid Orange Market: Drive factors
The acid orange market is expected to experience significant growth in revenue over the forecast period, with a projected revenue CAGR of 8.5%. The increasing demand for acid orange dyes in the textile industry and its adoption as biological stains are expected to be key drivers of market growth. The use of acid orange in cancer detection is also anticipated to boost the market in the near future, with Orange G being used to detect keratinizing squamous cancer in areas of the body without keratin. Additionally, Acid Orange 7, a food-grade color dye, is widely used in the food and beverage industry, particularly in the production of candies, aerated drinks, and fruit juices.
Furthermore, acid orange's color retention properties have led to an increase in demand, while its ability to produce various colors such as purple, red, and brown upon treatment with specific chemicals has driven growth in the textile industry. The HDPE drums segment is expected to account for the largest revenue share in the global acid orange market in 2021, with increasing demand for industrial-grade containers made of high-density polyethylene for packaging and transportation of acid orange.
The Asia Pacific region is expected to account for the largest revenue share in the global market over the forecast period, driven by the rapid growth of the textile and food and beverage industries. However, the market's revenue growth could be hampered by concerns regarding the harmful side-effects of consuming foods with acid orange food dye. Acid Orange 20, the first commercially available food-grade dye, has had several detrimental health effects on consumers, leading to strict regulations and standards by regulatory authorities.
Companies profiled in the global market report include:
· Sigma-Aldrich Corporation
· Sanchi Organics Private Limited
· Tokyo Chemical Industry Co., Ltd.
· Sterling Pigments and Chemicals
· Vinayak Industries Pvt. Ltd.
· Megha International
· Krishna Dyestuff Company
· Hangzhou Emperor Chemical Co., Ltd.
· Mayur Dye Chem
· Aeromax Industries.
Acid Orange Market: Notable Innovation
In terms of notable innovation in the Acid Orange market, Sigma-Aldrich Corporation, a company profiled in the market report, recently announced the acquisition of the Modulator Automated Sampling Technology (MAST) platform from Lonza. The MAST platform is an automated and aseptic bioreactor sampling system that allows the collection of samples as well as data such as product attributes in real-time and more frequently than manual sampling. With this acquisition, Sigma-Aldrich Corporation aims to advance its developments and offer tools and therapeutics to its customers with digitally-enabled facilities. This acquisition has the potential to drive innovation and growth in the Acid Orange market.
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