Carmine Market Report by Form (Powder, Liquid, Crystal), Application (Dairy and Frozen Products, Food and Beverages, Cosmetics, Bakery and Confectionery, Meat Products), End User (Food Processing Companies, Beverage Industry, Catering Industry, Cosmetics

Carmine Market Report by Form (Powder, Liquid, Crystal), Application (Dairy and Frozen Products, Food and Beverages, Cosmetics, Bakery and Confectionery, Meat Products), End User (Food Processing Companies, Beverage Industry, Catering Industry, Cosmetics and Pharmaceutical Industry), and Region 2024-2032


The global carmine market size reached US$ 54.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 88.9 Million by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032.

Carmine or cochineal extract, a red or purplish-red pigment, is a coloring extract obtained from the shell of the female cochineal insect. It is commonly used as a food color to enhance the flavor and color of the ingredient. It is prepared by precipitation and adding aluminum and calcium ions to the cochineal extract. Carmine is widely used in cake icings, fillings, yogurt, gelatin, alcoholic beverages, gelatin desserts, meat, processed foods, candies, and ice-creams. It is commonly available in powder, crystal, and liquid forms. It is also used in makeup products, such as nail polish, to enhance the color vibrancy and shade intensity. As a result, carmine finds extensive application across various industries, such as pharmaceuticals, cosmetics and personal care, and food and beverage.

Carmine Market Trends:
Significant expansion in the food and beverage industry across the globe is one of the key factors driving the market growth. Carmine is widely used in bakery and confectionery products, soft drinks, strawberries, and jams. In line with this, the increasing demand for colorants from the meat industry is favoring the market growth. Moreover, various product innovations, such as the launch of vegan carmine that is widely used in ready-to-drink-beverages, jelly gums, and hard candy, are providing a considerable boost to the market growth. In addition to this, the rising demand for cosmetics and personal care products is positively impacting the market growth. Other factors, such as the growing demand for carmine across the pharmaceutical industry, the implementation of various government initiatives across nations for cost-effective carmine extraction, and the rising product demand for the manufacturing of processed foods, are creating a positive outlook for the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global carmine market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on 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
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amerilure Inc., BioconColors, Clariant AG, Colormaker Inc., DyStar Singapore Pte Ltd, Imbarex S.A., Proquimac Pfc Sa and Vinayak Ingredients (INDIA) Pvt. Ltd.

Key Questions Answered in This Report

1. What was the size of the global carmine market in 2023?
2. What is the expected growth rate of the global carmine market during 2024-2032?
3. What are the key factors driving the global carmine market?
4. What has been the impact of COVID-19 on the global carmine market?
5. What is the breakup of the global carmine market based on the form?
6. What is the breakup of the global carmine market based on the application?
7. What are the key regions in the global carmine market?
8. Who are the key players/companies in the global carmine market?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Carmine Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Form
6.1 Powder
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Liquid
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Crystal
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1 Dairy and Frozen Products
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Food and Beverages
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Cosmetics
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Bakery and Confectionery
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Meat Products
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End User
8.1 Food Processing Companies
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Beverage Industry
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Catering Industry
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Cosmetics and Pharmaceutical Industry
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Amerilure Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 BioconColors
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Clariant AG
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Colormaker Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 DyStar Singapore Pte Ltd
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Imbarex S.A.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Proquimac Pfc Sa
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Vinayak Ingredients (INDIA) Pvt. Ltd.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio

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