According to IMARC Group latest report titled “Carmine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on carmine market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global carmine market size reached US$ 50.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 72.5 Million by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
Carmine, a vivid red dye, is a substance extensively employed for coloring applications across multiple industries. Derived from an insect species known as cochineal, it is primarily composed of carminic acid, which imparts a rich, vibrant red color to it, and works as a direct dye, directly binding to the material it is intended to color. The hue and intensity of carmine can be adjusted with the addition of certain minerals during its production process, allowing a wide range of shades from light pink to dark red. Carmine has characteristics such as excellent heat and light stability, enabling it to maintain its color for extended periods, making it a favored choice in industries requiring color longevity.
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Market Trends:
The global market is majorly driven by the paradigm shift from synthetic to natural and organic colors, particularly in the food and beverage sector. This can be attributed to the increasing health consciousness among consumers and growing regulatory scrutiny over artificial additives. Since consumers globally are demonstrating heightened awareness towards the ingredients in their products, it is acting as a pivotal factor in fueling the demand for natural additives such as carmine. Moreover, the rapid product utilization as an essential component in several makeup and skincare products due to its natural origins and vibrant hues is stimulating the market. In addition to this, the growing adoption of carmine for pill coatings in the pharmaceutical industry is creating a positive market outlook.
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Competitive Landscape:
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.
- BioconColors
- 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:
- Powder
- Liquid
- Crystal
Breakup by Application:
- Dairy and Frozen Products
- Food and Beverages
- Cosmetics
- 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 (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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