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Global Carmine Market: By Form: Powder, Liquid, Crystal; By Application: Dairy and Frozen Products, Cosmetics, Meat Products, Bakery and Confectionery, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Carmine Market Outlook

The global carmine market is expected to grow at a CAGR of about 5% in the forecast period of 2023-2028 to reach a value of around USD 26 million by 2026.

 

Global Carmine Market

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Growing Demand for Carmine as a Pigment to Support the Market Growth

The growing demand for carmine as pigments in the meat industry is expected to support the growth of the market in regions like North America. Since carmine is made using cochineal extract, which is obtained from female cochineal insects growing in specific climates, Latin American countries like Peru, Chile, Mexico, and others are expected to be lucrative supply markets. In the coming years, the Asia Pacific is expected to emerge as a major regional market for carmine supported by the robust growth of the food processing industry in the region.

 

Carmine: Market Segmentation

Carmine is a colouring extract obtained from the female cochineal insects, which thrive on Coccus cacti, growing in semi-arid climates. The pigment is magenta or pinkish red in colour, which makes it a valuable colouring agent for meat and confectioneries. Carmine is also used in pharmaceutical and cosmetic applications.

 

Global Carmine Market by Segment

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The market can be segmented on the basis of form as:

  • Powder
  • Liquid
  • Crystal

The market can be differentiated by application into:

  • Dairy and Frozen Products
  • Cosmetics
  • Meat Products
  • Bakery and Confectionery
  • Others

The regional markets for carmine can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Carmine Market by Region

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Growing Demand from North America and Europe to Aid the Market Growth for Carmine

Since there is a high demand from the meat industry for colourants to make the meat look more natural, carmine is being increasingly imported into the United States of America and Europe, thus, propelling the market growth. As greater R&D takes place in this sector, there is a possibility that these colouring agents can be used with different formulations without adverse effects, which is further projected to propel the growth of the market. The market is further projected to be catalysed by the growing awareness among consumers about natural products. 

Europe and North America have a high demand for colourants for food products but there are food regulations that make the import or use of synthetic colouring additives difficult. Such regulations make carmine a valued import commodity and are expected to bolster its demand in the coming years. While the endemic nature of the insects can constrain the market growth, efforts are being made to replicate conducive growth conditions in other countries for carmine production.

 

Key Industry Players in the Global Carmine Market

The report gives a detailed analysis of the following key players in the global carmine market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Amerilure Inc.
  • BIOCONCOLORS
  • Vinayak Ingredients (India) Pvt. Ltd.
  • Proquimac
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Form, Application, Region
Breakup by Form Powder, Liquid, Crystal
Breakup by Application Dairy and Frozen Products, Cosmetics, Meat Products, Bakery and Confectionery, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Amerilure Inc., BIOCONCOLORS, Vinayak Ingredients (India) Pvt. Ltd., Proquimac, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Carmine Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Carmine Historical Market (2018-2022) 
    8.3    Global Carmine Market Forecast (2023-2028)
    8.4    Global Carmine Market by Form
        8.4.1    Powder
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Liquid
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Crystal
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Carmine Market by Application
        8.5.1    Dairy and Frozen Products
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Cosmetics
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Meat Products
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Bakery and Confectionery
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Others    
    8.6    Global Carmine Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Carmine Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Carmine Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Carmine Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Carmine Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Carmine Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market  Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Amerilure Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    BIOCONCOLORS
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Vinayak Ingredients (India) Pvt. Ltd.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Proquimac
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Others
17    Key Trends  and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Materials
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments

 

List of Key Figures and Tables

1.    Global Carmine Market: Key Industry Highlights, 2018 and 2028
2.    Global Carmine Historical Market: Breakup by Form (USD Million), 2018-2022
3.    Global Carmine Market Forecast: Breakup by Form (USD Million), 2023-2028
4.    Global Carmine Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Carmine Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Carmine Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Carmine Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Carmine Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Carmine Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Carmine Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Carmine Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Carmine Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Carmine Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Carmine Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Carmine Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Carmine Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Carmine Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Global Carmine Market Structure

Key Questions Answered in the Report

The global carmine market is projected to grow at a CAGR of 5% between 2021 and 2026.

The market is estimated to witness a robust growth in the forecast period of 2023-2028 to reach nearly USD 26 million by 2026.

The major drivers of the industry include the growing demand from the meat industry, increasing governmental regulations about synthetic food additives and colourants, and the rising R&D activities.

The stricter governmental regulations on synthetic food colourants and the growing demand for natural products are expected to be the key trends guiding the growth of the carmine industry.

The major forms of carmine in the market are powder, liquid, and crystal.

The leading application segments of carmine in the industry are dairy and frozen products, cosmetics, meat products, and bakery and confectionery, among others.

The leading players in this market are Amerilure Inc., BIOCONCOLORS, Vinayak Ingredients (India) Pvt. Ltd., and Proquimac, among others.

Analyst Review

The global carmine market is primarily driven by the growing demand from the meat industry. Aided by the growing demand for natural ingredients, the industry is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5% to reach an estimated value of USD 26 million by 2026.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on form, the market can be segmented into dairy and frozen products, cosmetics, meat products, and bakery and confectionery, among others. The major regional markets of carmine are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Amerilure Inc., BIOCONCOLORS, Vinayak Ingredients (India) Pvt. Ltd., and Proquimac, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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