Squid Ink Market

Squid Ink Market Outlook

Squid ink is most popular in Italy and Spain, and its unique appealing appearance makes it a gourmet delicacy in many other countries. Squid Ink or Calamari, is a deep black substance extracted from the ink sacs of an ocean squid, a sea dweller. Squid ink is entirely made up of melanin, a pigment produced by the oxidation of amino acids called tyrosine. It is a mysterious inky substance that squids shoot out to blind predators, and it’s harvested from a sac located between the gills. Cephalopods have the ink sacs, octopi have black ink, squid blue-black and cuttlefish takes on a brownish hue. The squid ink is basically used as a food coloring and flavoring ingredient, providing a very dark black color and a salty tasting flavor to foods majorly as pasta, noodles, rice, and buns. It is also served as a condiment and used in the cooking of food products. Squid ink is widely used in foods and favored in European countries as well as in Japan.

       Global Cephalopods Production, MT (2011-2016)

Reasons for Covering this Title

Squid Ink is widely used as an ingredient in food to create a rich a flavor and give a deep black color.  It is widely used as a food coloring agent and a flavoring agent in a wide range of food products. Squid ink is rich in antioxidants which are linked to lower risk of heart diseases in humans. It is also rich in iron content which functions as a dietary source of iron for humans. Iron is an essential mineral as it is needed to produce hemoglobin and myoglobin that help in carrying oxygen to the body. It is also found with high content in glutamic acid, which produces deep rich umami flavor. Thus it is used a flavor-boosting agent as well as a nutritional ingredient for wide food products. It is commonly used in Italian and Spanish cuisines as well as the Southeast Asian countries have found a great appeal to this ingredient in their dishes. The market for squid ink is expected to grow in the forecasted period owing to rising health benefits it offers and the flavor it provides.

Global Squid Ink: Market Segmentation

On the basis of form, the Global Squid Ink market has been segmented as –

• Powder
• Liquid

On the basis of the end use, the Global Squid Ink market has been segmented as –

• Food Processing
  • Sauces & condiments
  • Baked food products
  • Confectionery
  • Seafood dishes
  • Risotto and rice dishes
  • Pasta & noodles
  • Dairy desserts
• Cosmetics & Personal Care
• Printers ink
• Others

On the basis of packaging type, the Global Squid Ink market has been segmented as –

• Jars/ Containers
• Sachets/ Pouches
• Bottles

On the basis of the distribution channel, the Global Squid Ink market has been segmented as –

• Direct Sales
• Indirect Sales
  • Hypermarket/ Supermarket
  • Convenience Store
  • Online Retail

Global Squid Ink Market: Key Players

Some of the key players operating in the Global Squid Ink market are Alma Gourmet Ltd., Sasanian Caviar, Inc., Parchem fine & specialty chemicals, Woodland Foods, Marx Companies, LLC, are some of the companies among others.

Extraction techniques to produce the Squid Ink naturally and quality certifications provided and practiced by the manufacturers are the key opportunities carried out to create awareness and reach to customers globally.

Squid Ink Market: Market Player Activities

• Sasanian Caviar, the U.S. based Company, is focused on providing quality products which include Squid Ink, which has a shelf life of 2 years and more if unopened and to be stored at a room temperature and refrigerated if opened. It is widely used in a variety of Italian and Spanish dishes.

Opportunities for Market Participants

For food processing and foodservice industry, Squid Ink finds wide application in the Italian and Spanish products majorly. It is a majorly also used in cosmetics and personal care industry. The Squid Ink market is anticipated to be positively influenced by evolving consumer preferences and rising awareness. Thus, the market players need to advertise and promote the ingredient Squid Ink in the end products with highlighting its health benefits and thus, creating a market for Squid Ink globally.