Edible Gold Market size is predicted to reach $1.3 billion by 2030, growing at a CAGR of 4.3% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC. Increasing demand for luxury and premium food products and rising adoption of edible gold in the beverage industry such as cocktails, beer and energy drinks are poised to propel the market growth, finds IndustryARC in its recent report, titled “Edible Gold Market Size, Share & Trends Analysis Report By Type (Powder, Leaf, Flakes, Crumbs), By Purity Type (Purity Less than 95%, Purity Between 95%-97%, Purity Greater than or equal to 97%), By Distribution Channel (Offline, Online), By Application (Foods, Beverages, Cosmetics, Others), By Region and Segment Forecasts, 2023–2030”
Request Sample Research Report:
https://www.industryarc.com/pdfdownload.php?id=800182
Europe to Register Highest Growth:
The Edible Gold industry in Europe region is expanding due to the high-end hospitality and tourism industry, growing trend of experiential dining, increasing affluence and growing awareness of health and wellness. Additionally, Europe has a rich culinary tradition and culture with a strong emphasis on gourmet and luxury food products. The use of edible gold in European cuisine, particularly in countries like France, Italy and Switzerland has a long-standing history and there has increasing demand for edible gold products in traditional and contemporary European recipes.
For instance, In 2022, the Gold Leaf Company, a British enterprise renowned for its expertise in crafting and selling edible gold, introduced an innovative range of edible gold products. These products are made with a vegan-friendly gold leaf that is produced using a process that does not involve the use of any animal products. The new line of products includes gold leaf flakes, gold leaf sheets, and gold dust
Edible Gold Market 2023-2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2022 |
|
Forecast Period |
2023–2030 |
|
CAGR |
4.3% |
|
Market Size in 2030 |
$1.3 billion |
|
Segments Covered |
Type, Purity Type, Distribution Channel, Application and Region |
|
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
|
Key Market Players |
|
Get Access to Full Research Report:
https://www.industryarc.com/Research/edible-gold-market-research-800182
Edible Gold Market Report – Key Takeaways:
- Dominance of Food in the Market
The Food segment had more than half of the market share in 2022. The adoption of edible gold in the food industry is often associated with special occasions, celebrations and high-end culinary experiences, which has contributed to its popularity among consumers seeking unique and visually appealing food presentations. Chefs and confectioners utilize edible gold to elevate the esthetics of their creations and offer a premium and extravagant dining experience to their customers. For instance, xQzit gold leaf sheets are crafted from 100% pure gold, ensuring the highest quality and safety for consumption. These sheets are entirely safe to be used as a decoration for food.
- Purity Greater than or Equal to 97% to Register Highest Growth
Purity Greater than or Equal to 97% is analyzed to grow with the highest CAGR of 5.3% during the forecast period. The growth of edible gold products of Purity Greater than or Equal to 97% is attributed to the increasing demand for premium and high-quality edible gold products, growing consumer awareness about the purity and authenticity of edible gold, and the preference for superior quality ingredients in culinary and decorative applications.
- North America is Leading the Market
North America region held a major market share of 38% in 2022. The high consumer demand for premium food products, growing trend of food experimentation, increasing awareness about food safety and quality as well as the popularity of social media and food aesthetics are driving Edible Gold Market in North American region. For instance, In 2022, the company Gold Leaf USA launched a new line of edible gold products such as gold-infused chocolate, gold-infused popcorn and gold-infused coffee. These extraordinary products are meticulously created using 24 karat edible gold, a flavorless and scentless metal that is completely safe for consumption.
- Burgeoning Opportunities in Hospitality Industry
The increasing demand for unique, high-quality and luxury dining experiences in many hotels, restaurants and catering services are incorporating edible gold into their offerings. Edible gold is used to elevate the visual appeal and premium perception of dishes, desserts and beverages are creating a sense of exclusivity and indulgence for consumers. This trend is driven by the growing preference for unique and Instagram-worthy culinary experiences among affluent consumers and leading to increased demand for edible gold in the hospitality industry and creating lucrative growth opportunities for the market. In 2023, according to a study conducted by SpaFinder, it has been observed that a substantial majority of spas and wellness centers, specifically 65% of them, incorporate the use of edible gold in their services.
Purchase this Premium Report:
https://www.industryarc.com/purchasereport.php?id=800182
Key Opportunity Analysis:
Emerging Application of Edible Gold in the Wedding and Events Industry
Edible gold has a popular choice for wedding and event planners looking to add a touch of luxury and elegance to their décor and menu offerings. From edible gold lakes in cocktails and desserts to gold leaf decorations on cakes and pastries, the use of edible gold has become a trend in the wedding and events industry. Additionally, the awareness among consumers about the potential health benefits of gold consumption and their inclination to incorporate gold into their diets which creates a growth opportunity for the Edible Gold Market. As per the Knot 2023 Real Weddings Study, In the United States, the average wedding budget is $35,000, with edible gold being a popular way to add a touch of luxury to the occasion.
High Demand for Mixologists and Bartenders
Mixologists and bartenders are constantly looking for unique and innovative ways to create visually stunning cocktails that provide a memorable experience for customers. Edible gold, with its luxurious appearance and ability to add a touch of opulence to cocktails, has become a sought-after ingredient in the world of mixology. It allows bartenders to craft signature drinks that are not only delicious in taste but also visually appealing and shareable on social media. This growing trend has created opportunities for edible gold manufacturers to cater to the rising demand from the mixology and bartending industry as well as offering them with a unique and premium ingredient to elevate their cocktails and create unforgettable drinking experiences for their patrons. For instance, In 2023, a study by the Mixologists and Bartenders Association found that 40% of mixologists and bartenders use edible gold in their cocktails.
The Emergence of Haute Cuisine
Fine dining establishments and renowned chefs strive for culinary excellence and seek unique as well as luxurious elements to enhance their dishes. Edible gold is a sought-after ingredient in haute cuisine which adds elegance and sophistication to the dining experience. This trend drives the demand for high-quality edible gold products and creating opportunities for suppliers, manufacturers as well as distributors to cater for the upscale market segment and fuel the growth of the edible gold industry. In 2023, according to a recent study conducted by the Haute Cuisine Association, it was revealed that a significant portion of haute cuisine chefs, specifically 60% of them, incorporate edible gold into their culinary creations.
If you have any questions, please feel free to contact our experts at:
https://www.industryarc.com/reports/request-quote?id=800182
The Report also Covers the Following Areas:
- Edible Gold Market Size and Forecast
- Edible Gold Market Trends
- Edible Gold Market Analysis by Type
Edible Gold Market 2023-2030: Key Highlights
- CAGR of the market during the forecast period 2023-2030
- Value Chain analysis of key stake holders
- Detailed analysis of market drivers and opportunities during the forecast period
- Edible Gold Market size estimation and forecast
- Analysis and predictions on end users’ behavior and upcoming trends
- Competitive landscape and Vendor market analysis including offerings, developments, and financials
- Comprehensive analysis of challenges and constraints in the Edible Gold Market
Covid and Ukrainian Crisis Impact:
- The pandemic has caused disruptions in global supply chains which have affected the availability of raw materials used in the production of edible gold. This has led to an increase in the cost of production which has resulted in higher prices for edible gold products. However, the closure of physical stores and the restrictions on in-person dining have shifted towards online channels for food and beverage purchases. This led to an increase in the demand for edible gold products through e-commerce websites and social media platforms.
- The conflict between Russia and Ukraine has resulted in a decline in the demand for edible gold in the hospitality industry, which is a significant market for this luxury product. The hospitality sector has been heavily impacted by the war, with numerous restaurants and hotels forced to close or operate at reduced capacity due to the uncertain and volatile situation.
To Get a Customized Industry Analysis, Speak with our Research Analyst:
https://connect.industryarc.com/lite/schedule-a-call-with-our-sales-expert
List of Key Market Players in Edible Gold Market:
The Global Edible Gold Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
- DeLafée International SARL
- CornucAupia Gold Leaf Manufacturing, Inc.
- Neuberg & Neuberg Importers Group, Inc.
- Wrights Of Lymm.Inc
- HORI METAL LEAF & POWDER CO.,LTD
- GIUSTO MANETTI BATTILORO S.p.A.
- G. Eytzinger GmbH
- NORIS BLATTGOLD GmbH
- GERSTENDÖRFER GmbH
- The Gold Leaf Company
- OroGourmet
- Gourmet Luxe.
- Cake Craft Inc.
- Ooshi Premium Edible Gold
- BreatheGold Inc.
Related Reports:
Edible Insects Market – The Edible Insects Market is projected to grow at a CAGR of 37.1% from 2023 to 2030. The growth of the electroplating market is mainly attributed to the easy availability, protein extraction, high nutritional profile as well as economic processing techniques and rising awareness of the potential benefits of Edible Insects.
Edible Nuts Market – The Edible Nuts Market is projected to grow at a CAGR of 5.6% during the forecast period from 2023 to 2030. The growth of the Edible Nuts Market is mainly attributed to the rising awareness regarding the health among consumers. The growing advancement in the food and beverage industry is anticipated to drive the growth of the market.
Edible Fungus Market – The Edible Fungus Market is projected to grow at a CAGR of 6.0% during the forecast period from 2023 to 2030 owing to the rising trends of consuming healthy food and surging investment in R&D to improve commercial cultivation.
Edible Oil Market – The Edible Oil Market is projected to grow at a CAGR of 6.0% during the forecast period from 2023 to 2030. The growth of the Edible Oil Market is mainly attributed to the Increasing consumption of palm in China, Indonesia, and India as it is a low-cost form of vegetable oil . The adoption of enhanced techniques for processing the edible oil with purity is anticipated to drive the growth of the market.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market.The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727
Web: https://www.industryarc.com
Follow us on: LinkedIn | Facebook | Twitter
Contact Information:
Mr. Venkat Reddy IndustryARC Email: [email protected] USA: (+1) 518-282-4727
Tags:
Wire, Extended Distribution, iCN Internal Distribution, BNN, Research Newswire, English