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The global carmine market was valued at USD 41.02 million in 2021 and growing at a CAGR of 6.44% from 2022 to 2030. The market is expected to reach USD 71.93 million by 2030. The Asia Pacific is expected to grow the fastest during the forecast period.
Carmine is a pigment that is bright red and is obtained from carminic acid. The pigment is extracted from the dead and dried bodies of specific female insects, usually native to tropical and subtropical regions. Carmines are widely used as natural colors in the food and beverages industry. It provides natural pigmentation in bakery and confectionery products, cosmetics, drug preparations, etc. The production of carmine involves boiling powdered bodies of female insects in an ammonia or sodium carbonate solution. The insoluble compound is then removed by filtration. Further, alum is mixed in the solution to precipitate the red salt of aluminum. Carmine contains at least fifty percent of carminic acid and is naturally concentrated. A wide range of cosmetics products contains carmine.
Bakery and confectionery products are in high demand due to the sales of bakery and confectionery products. Carmine is used in many food and beverage applications owing to its versatility. The use of carmine is increasing in cosmetics and pharmaceutical products such as face creams, tints, drugs, etc. There is a rise in demand for natural food colors among consumers due to the health complexity related to the use of synthetic dyes in food products. The demand for naturally extracted carmine is on the rise as it has fewer side effects and is versatile in terms of use.
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Drivers:
Increasing use of carmine in the food and beverages industry- The carmine market is driven by an increase in the number of applications in the food and beverages industry. The demand for natural and organic products is rising, which has increased the market share of carmine-made products. It is also highly used in baked products and confectionery as a natural food color. The manufacturers use the product to enhance the color of the food product while avoiding using any synthetic substance. Carmine-based foods are on the rise as they are considered to be safe for consumption. Many food companies aim to increase their production of carmine to satisfy the demand from the food and beverages industry. Carmine is used during the production of pastries, cakes, and candies.
Restraints:
High cost of extracting: The cost of extracting the carmine from natural sources is high for the extraction process. In general, it is time taking and complex and thus requires the use of many resources, which adds to the total cost of manufacturing. The color formulations are a bit pricey, and the manufacturing process is laborious and thus restraints the market growth.
Opportunities:
Rising demand for processed food & beverage- The food and beverages sector consists of many segments like food additives, bakery, and confectionery, functional beverages, dairy, and frozen products, meat products, etc. Due to the rise in per capita income, the high demand for bakery and confectionery products is a lucrative opportunity for market growth. The sector is propelling mainly because of the developed and developing countries as the economies of these countries are improving, and more people are spending on such products. Food manufacturers have been encouraged to boost production and invest extensively in the appearance of food products to attract more consumers. The market growth of carmine is significantly dependent on the performance of the bakery and confectionery food industry. As a result, the rising demand for processed and packaged foods is a strong incentive for carmine manufacturers to increase production capacity.
Challenges:
Lack of awareness in developing regions- Carmine is not well-known. The employment of such carmine is not well known in these regions' businesses. Furthermore, the manufacturers are cautious about investing in the production of carmine since they are unsure of the prospective profits. In addition, many people in developing countries are unaware of the advantages of using carmine in the bakery and confectionery industry. This aspect limits the market's expansion in these areas even further.
Regional segmentation analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Europe emerged as the largest market for the global carmine market, with a 32.74% share of the market revenue in 2021.
Europe currently dominates the carmine market due to rising per capita income and the growth of the end-user’s industry. Furthermore, the growing use of carmine in cosmetics formulation contributes significantly to the regional market's growth. Due to many stringent regulations, artificial colors are not allowed in most regional countries. Thus, many bakeries and confectioneries use natural coloring agents such as carmine. Further, there is an extensive presence of meat producers in the region due to high consumption. Therefore, the North American market is flooded with several organic and branded carmine products, unlike the developing and under-developing nations, which have loose and unbranded products in their local markets. The Asia Pacific is expected to grow the fastest during the forecast period, given the increasing growth rate of bakeries and confectioneries, cosmetics, and pharmaceuticals, which is driving the consumer market in the region. Consumers' protest against synthetic food additives has improved regulatory frameworks in many regional countries.
Europe Region Carmine Market Share in 2021 - 32.74%
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Product Type Segment Analysis
The product type segment is divided into carminic acid, color-based, and high tint. The color-based segment dominated the market, with a market share of around 48.10% in 2021. Color-based carmine is free from preservatives and thus is used in most bakery products, including desserts, ice cream, etc. Many bakeries now only use color-based carmine to eliminate the possibility of intolerance due to synthetic colors. It also enables food, beverage, and pharmaceutical products to improve the final product's appearance.
Form Type Segment Analysis
The form type segment is divided into crystal, powder, and liquid. In 2021, the powder segment dominated the market, accounting for around 42.21% of global revenue. Powder-carmine is a natural coloring agent used primarily on bakery products such as cakes, pastries, etc. Powder carmine is easy to use and dissolves efficiently with bakery products, cosmetics formulations, and drugs. The powdered carmine's shelf life is more significant than other forms.
Application Segment Analysis
The application segment includes food and beverages, pharmaceutical, and cosmetics. The food and beverages segment includes dairy and frozen products, confectioneries and bakeries, meat products, fruits and vegetables, and others. In 2021, the food and beverages segment dominated the market, accounting for around 51.03% of global revenue. Food and beverage products use carmine to provide rich color to the final product to make it look attractive. The imposition of various global and regional stringent regulations by the concerned authority has restricted or completely banned the use of synthetic food colors.
Sales Channel Segment Analysis
The sales channel segment is divided into retail stores, wholesalers, and online. The retail store segment dominated the market, with a market share of around 35.19%. Rapid urbanization has led to several lifestyle changes, one of which is the growing consumption of processed food and functional beverages. The increase in disposable income of the population is also contributing to the increasing demand for cosmetics products. Retail stores offer various carmine options at the convenience of their customers. Further, customers can get assistance in retail stores, and thus they prefer to purchase items from these stores.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Million), Volume (MT) |
| Market size value in 2022 | USD 41.02 Million |
| Market size value in 2030 | USD 71.93 Million |
| CAGR (2022 to 2030) | 7.60% |
| Historical data | 2019-2020 |
| Base Year | 2021 |
| Forecast | 2022-2030 |
| Segments | Product Type, Form Type, End-users, and Sales Channel |
| Regional Segments | The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. |
As per The Brainy Insights, the size of the carmine market was valued USD 41.02 million in 2021 to USD 71.93 million by 2030.
Global carmine market is growing at a CAGR of 6.44% during the forecast period 2022-2030.
The market's growth will be influenced by the rising preference for natural food colouring in food and beverages industry.
The high cost associated with production of carmine could hamper the market growth.
The increasing preference for organically prepared bakery and confectionery products is providing huge opportunities to the market.
1. Introduction
1.1. Objective of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product Type
4.3.2. Market Attractiveness Analysis By Form Type
4.3.3. Market Attractiveness Analysis By Application
4.3.4. Market Attractiveness Analysis By Sales Channel
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing use of carmine in bakery and confectionery products
5.3. Restraints
5.3.1. High cost associated with manufacturing of carmine
5.4. Opportunities
5.4.1. Rising demand for processed food & beverage
5.5. Challenges
5.5.1. Lack of awareness in developing regions
6. Global Carmine Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Carminic Acid
6.3. Color-Based
6.4. High Tint
7. Global Carmine Market Analysis and Forecast, By Form Type
7.1. Segment Overview
7.2. Crystal
7.3. Powder
7.4. Liquid
8. Global Carmine Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Food and Beverages
8.2.1. Dairy and Frozen Products
8.2.2. Confectioneries and Bakery
8.2.3. Meat Products
8.2.4. Fruits and Vegetables
8.2.5. Others
8.3. Pharmaceutical
8.4. Cosmetics
9. Global Carmine Market Analysis and Forecast, By Sales Channel
9.1. Segment Overview
9.2. Retail Stores
9.3. Wholesalers
9.4. Online
10. Global Carmine Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Carmine Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in the Carmine Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Chr. Hansen Holding A/S
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Sensient Technologies Corporation
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Naturex
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Diana Naturals
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
1.1. Roha Dyechem Pvt. Ltd.
1.1.1. Business Overview
1.1.2. Company Snapshot
1.1.3. Company Market Share Analysis
1.1.4. Company Product Portfolio
1.1.5. Recent Developments
1.1.6. SWOT Analysis
1.2. The Hershey Company
1.2.1. Business Overview
1.2.2. Company Snapshot
1.2.3. Company Market Share Analysis
1.2.4. Company Product Portfolio
1.2.5. Recent Developments
1.2.6. SWOT Analysis
1.3. DDW The Color House
1.3.1. Business Overview
1.3.2. Company Snapshot
1.3.3. Company Market Share Analysis
1.3.4. Company Product Portfolio
1.3.5. Recent Developments
1.3.6. SWOT Analysis
1.4. GNT Group B.V.
1.4.1. Business Overview
1.4.2. Company Snapshot
1.4.3. Company Market Share Analysis
1.4.4. Company Product Portfolio
1.4.5. Recent Developments
1.4.6. SWOT Analysis
1.5. ColorMaker, Inc
1.5.1. Business Overview
1.5.2. Company Snapshot
1.5.3. Company Market Share Analysis
1.5.4. Company Product Portfolio
1.5.5. Recent Developments
1.5.6. SWOT Analysis
12.5. BioconColors
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Proquimac Color S.L.
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Miguz International
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Sensient Colors Europe GmbH
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. Imbarex
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. Amerilure Inc.
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
List of Table
1. Global Carmine Market, By Product Type, 2019-2030 (USD Million)
2. Global Carminic Acid, Carmine Market, By Region, 2019-2030 (USD Million)
3. Global Color-Based, Carmine Market, By Region, 2019-2030 (USD Million)
4. Global Carmine Market, By Form Type, 2019-2030 (USD Million)
5. Global Crystal, Carmine Market, By Region, 2019-2030 (USD Million)
6. Global Powder, Carmine Market, By Region, 2019-2030 (USD Million)
7. Global Liquid, Carmine Market, By Region, 2019-2030 (USD Million)
8. Global Carmine Market, By Application, 2019-2030 (USD Million)
9. Global Food and Beverages, Carmine Market, By Region, 2019-2030 (USD Million)
10. Global Pharmaceuticals, Carmine Market, By Region, 2019-2030 (USD Million)
11. Global Cosmetics, Carmine Market, By Region, 2019-2030 (USD Million)
12. Global Carmine Market, By Sales Channel, 2019-2030 (USD Million)
13. Global Retail Stores, Carmine Market, By Region, 2019-2030 (USD Million)
14. Global Wholesalers, Carmine Market, By Region, 2019-2030 (USD Million)
15. Global Online, Carmine Market, By Region, 2019-2030 (USD Million)
16. Global Carmine Market, By Region, 2019-2030 (USD Million)
17. North America Carmine Market, By Product Type, 2019-2030 (USD Million)
18. North America Carmine Market, By Form Type, 2019-2030 (USD Million)
19. North America Carmine Market, By Application, 2019-2030 (USD Million)
20. North America Carmine Market, By Sales Channel, 2019-2030 (USD Million)
21. U.S. Carmine Market, By Product Type, 2019-2030 (USD Million)
22. U.S. Carmine Market, By Form Type, 2019-2030 (USD Million)
23. U.S. Carmine Market, By Application, 2019-2030 (USD Million)
24. U.S. Carmine Market, By Sales Channel, 2019-2030 (USD Million)
25. Canada Carmine Market, By Product Type, 2019-2030 (USD Million)
26. Canada Carmine Market, By Form Type, 2019-2030 (USD Million)
27. Canada Carmine Market, By Application, 2019-2030 (USD Million)
28. Canada Carmine Market, By Sales Channel, 2019-2030 (USD Million)
29. Mexico Carmine Market, By Product Type, 2019-2030 (USD Million)
30. Mexico Carmine Market, By Form Type, 2019-2030 (USD Million)
31. Mexico Carmine Market, By Application, 2019-2030 (USD Million)
32. Mexico Carmine Market, By Sales Channel, 2019-2030 (USD Million)
33. Europe Carmine Market, By Product Type, 2019-2030 (USD Million)
34. Europe Carmine Market, By Form Type, 2019-2030 (USD Million)
35. Europe Carmine Market, By Application, 2019-2030 (USD Million)
36. Europe Carmine Market, By Sales Channel, 2019-2030 (USD Million)
37. Germany Carmine Market, By Product Type, 2019-2030 (USD Million)
38. Germany Carmine Market, By Form Type, 2019-2030 (USD Million)
39. Germany Carmine Market, By Application, 2019-2030 (USD Million)
40. Germany Carmine Market, By Sales Channel, 2019-2030 (USD Million)
41. France Carmine Market, By Product Type, 2019-2030 (USD Million)
42. France Carmine Market, By Form Type, 2019-2030 (USD Million)
43. France Carmine Market, By Application, 2019-2030 (USD Million)
44. France Carmine Market, By Sales Channel, 2019-2030 (USD Million)
45. U.K. Carmine Market, By Product Type, 2019-2030 (USD Million)
46. U.K. Carmine Market, By Form Type, 2019-2030 (USD Million)
47. U.K. Carmine Market, By Application, 2019-2030 (USD Million)
48. U.K. Carmine Market, By Sales Channel, 2019-2030 (USD Million)
49. Italy Carmine Market, By Product Type, 2019-2030 (USD Million)
50. Italy Carmine Market, By Form Type, 2019-2030 (USD Million)
51. Italy Carmine Market, By Application, 2019-2030 (USD Million)
52. Italy Carmine Market, By Sales Channel, 2019-2030 (USD Million)
53. Spain Carmine Market, By Product Type, 2019-2030 (USD Million)
54. Spain Carmine Market, By Form Type, 2019-2030 (USD Million)
55. Spain Carmine Market, By Application, 2019-2030 (USD Million)
56. Spain Carmine Market, By Sales Channel, 2019-2030 (USD Million)
57. Asia Pacific Carmine Market, By Product Type, 2019-2030 (USD Million)
58. Asia Pacific Carmine Market, By Form Type, 2019-2030 (USD Million)
59. Asia Pacific Carmine Market, By Application, 2019-2030 (USD Million)
60. Asia Pacific Carmine Market, By Sales Channel, 2019-2030 (USD Million)
61. Japan Carmine Market, By Product Type, 2019-2030 (USD Million)
62. Japan Carmine Market, By Form Type, 2019-2030 (USD Million)
63. Japan Carmine Market, By Application 2019-2030 (USD Million)
64. Japan Carmine Market, By Sales Channel, 2019-2030 (USD Million)
65. China Carmine Market, By Product Type, 2019-2030 (USD Million)
66. China Carmine Market, By Form Type, 2019-2030 (USD Million)
67. China Carmine Market, By Application, 2019-2030 (USD Million)
68. China Carmine Market, By Sales Channel, 2019-2030 (USD Million)
69. India Carmine Market, By Product Type, 2019-2030 (USD Million)
70. India Carmine Market, By Form Type, 2019-2030 (USD Million)
71. India Carmine Market, By Application, 2019-2030 (USD Million)
72. India Carmine Market, By Sales Channel, 2019-2030 (USD Million)
73. South America Carmine Market, By Product Type, 2019-2030 (USD Million)
74. South America Carmine Market, By Form Type, 2019-2030 (USD Million)
75. South America Carmine Market, By Application, 2019-2030 (USD Million)
76. South America Carmine Market, By Sales Channel, 2019-2030 (USD Million)
77. Brazil Carmine Market, By Product Type, 2019-2030 (USD Million)
78. Brazil Carmine Market, By Form Type, 2019-2030 (USD Million)
79. Brazil Carmine Market, By Application, 2019-2030 (USD Million)
80. Brazil Carmine Market, By Sales Channel, 2019-2030 (USD Million)
81. Middle East and Africa Carmine Market, By Product Type, 2019-2030 (USD Million)
82. Middle East and Africa Carmine Market, By Form Type, 2019-2030 (USD Million)
83. Middle East and Africa Carmine Market, By Application, 2019-2030 (USD Million)
84. Middle East and Africa Carmine Market, By Sales Channel, 2019-2030 (USD Million)
85. UAE Carmine Market, By Product Type, 2019-2030 (USD Million)
86. UAE Carmine Market, By Form Type, 2019-2030 (USD Million)
87. UAE Carmine Market, By Application, 2019-2030 (USD Million)
88. UAE Carmine Market, By Sales Channel, 2019-2030 (USD Million)
89. South Africa Carmine Market, By Product Type, 2019-2030 (USD Million)
90. South Africa Carmine Market, By Form Type, 2019-2030 (USD Million)
91. South Africa Carmine Market, By Application, 2019-2030 (USD Million)
92. South Africa Carmine Market, By Sales Channel, 2019-2030 (USD Million)
List of Figures
1. Global Carmine Market Segmentation
2. Carmine Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Carmine Market Attractiveness Analysis By Product Type
9. Global Carmine Market Attractiveness Analysis By Form Type
10. Global Carmine Market Attractiveness Analysis By Application
11. Global Carmine Market Attractiveness Analysis By Sales Channel
12. Global Carmine Market Attractiveness Analysis By Region
13. Global Carmine Market: Dynamics
14. Global Carmine Market Share by Product Type (2022 & 2030)
15. Global Carmine Market Share by Form Type (2022 & 2030)
16. Global Carmine Market Share by Application (2022 & 2030)
17. Global Carmine Market Share by Sales Channel (2022 & 2030)
18. Global Carmine Market Share by Regions (2022 & 2030)
19. Global Carmine Market Share by Company (2021)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global carmine market based on below mentioned segments:
Global Carmine Market by Product Type:
Global Carmine Market by Form Type:
Global Carmine Market by Application:
Global Carmine Market by Sales Channel:
Global Carmine Market by Region:
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