Carmine Market Volume, Segments, Share, Key Trends, Growth Factors and Forecast 2022-2027
Carmine refers to a red food color produced by utilizing cochineal extract, which is usually derived from the shell of the female cochineal insect.
According to IMARC Group latest report titled “Carmine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on global carmine industry report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global carmine market reached a value of US$ 47.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 68.5 Million by 2027 exhibiting a CAGR of 6.10% during 2022-2027.
Carmine is a bright red or purplish-red pigment that is extracted from the shell of the female cochineal insect, then precipitated and mixed with aluminum and calcium ions. In order to obtain carmine, the insects are harvested, sun-dried, crushed, then put in an acidic solution to produce carmine acid, which creates a very bright red dye. Modified with borax or other solutions, the resulting product is used as a natural dye for a variety of purposes. In makeup products, it is commonly used to add long-lasting color vibrancy and tone intensity, especially for purples, reds, and pinks in cooler tones. Additionally, it is added in food and beverages, and pharmaceuticals to enhance their flavor and color.
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The market is primarily driven by the escalating demand for food colorants in the food and beverages (F&B) industry. This can be attributed to the rapid product utilization in a wide range of food products, such as bakery and confectionery, soft drinks, jams, and processed meats including sausages and artificial crab meat. In addition to this, the growing adoption of naturally derived carmine, along with concerns regarding the usage of artificial food additives and colors used in the production of processed foods, is also providing an impetus to the market. Moreover, a considerable growth in the beauty industry is also acting as a significant growth-inducing factor for the market. Apart from this, extensive research and development (R&D) activities focusing on deriving vegan and cost-effective carmine by government and private organizations are further creating a positive outlook for the market. Some of the other factors contributing to the market growth include continual technological advancements in food processing, rapid urbanization and industrialization, and continuous innovations in carmine products.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Amerilure Inc.
- Clariant AG
- Colormaker Inc.
- DyStar Singapore Pte Ltd
- Imbarex S.A.
- Proquimac Pfc Sa
- Vinayak Ingredients (INDIA) Pvt. Ltd
Carmine Market Segmentation:
Our report has categorized the market based on region, form, application and end user.
Breakup by Form:
Breakup by Application:
- Dairy and Frozen Products
- Food and Beverages
- Bakery and Confectionery
- Meat Products
Breakup by End User:
- Food Processing Companies
- Beverage Industry
- Catering Industry
- Cosmetics and Pharmaceutical Industry
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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