Global Carmine Market to Grow at 5.23% during 2025-2033, Impelled by Rising Preference for Natural Food Colors

November 19, 2024 | Food & Beverages

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According to the latest report by IMARC Group, titled "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 2025-2033," the global carmine market reached a value of USD 57.1 Million in 2024. Carmine refers to a red food color produced by utilizing cochineal extract, which is usually derived from the shell of the female cochineal insect. It is prepared by boiling the insect and mixing the extract with calcium and aluminum ions for producing the red pigment. It is commonly available in different forms that aid in enhancing the shade intensity and color vibrancy of the end product. Due to the shifting preference toward the usage of organic food colorants in the preparation of various foods and beverages, this is providing a boost to the market growth across the globe.

Global Carmine Market Trends:

The global market is primarily driven by significant growth in the food and beverages industry. In line with this, rising investments by leading players for producing natural and vegan food colors due to the increasing health-consciousness among the masses is creating a positive outlook for the market. Moreover, the rising utilization of carmine in the manufacturing of tinted lip gloss, lipsticks and eye shadows across the cosmetic industry is further propelling the market growth. Along with this, the increasing product application in the production of tablets in the pharmaceutical sector is providing an impetus to the market growth. Other factors, including continuous product innovations, the rising adoption of innovative marketing strategies by manufacturers and sellers, the easy product availability via online and offline distribution channels and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of USD 92.4 Million by 2033, exhibiting a CAGR of 5.23% during 2025-2033.

Market Summary:

On the basis of the form, the market has been segmented into powder, liquid and crystal.
Based on the application, the market has been segregated into dairy and frozen products, food and beverages, cosmetics, bakery and confectionery, and meat products.
On the basis of the end-user, the market has been classified into food processing companies, beverage industry, catering industry, and cosmetics and pharmaceutical industry.
Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of the key players are Amerilure Inc., BioconColors, Clariant AG, Colormaker Inc., DyStar Singapore Pte Ltd, Imbarex S.A., Proquimac Pfc Sa and Vinayak Ingredients (INDIA) Pvt. Ltd.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Segment Coverage	Form, Application, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Amerilure Inc., BioconColors, Clariant AG, Colormaker Inc., DyStar Singapore Pte Ltd, Imbarex S.A., Proquimac Pfc Sa and Vinayak Ingredients (INDIA) Pvt. Ltd.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Carmine Market to Grow at 5.23% during 2025-2033, Impelled by Rising Preference for Natural Food Colors

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