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Carmine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 143 Pages
  • March 2023
  • Region: Global
  • IMARC Group
  • ID: 5768948
The global carmine market size reached US$ 50.6 Million in 2022. Looking forward, the publisher expects the market to reach US$ 72.5 Million by 2028, exhibiting a CAGR of 6.18% during 2022-2028.

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:

The publisher 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 2023-2028. 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 2022?
2. What is the expected growth rate of the global carmine market during 2023-2028?
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?

Table of Contents

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
List of Figures
Figure 1: Global: Carmine Market: Major Drivers and Challenges
Figure 2: Global: Carmine Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Carmine Market: Breakup by Form (in %), 2022
Figure 5: Global: Carmine Market: Breakup by Application (in %), 2022
Figure 6: Global: Carmine Market: Breakup by End User (in %), 2022
Figure 7: Global: Carmine Market: Breakup by Region (in %), 2022
Figure 8: Global: Carmine (Powder) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Carmine (Powder) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Carmine (Liquid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Carmine (Liquid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Carmine (Crystal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Carmine (Crystal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Carmine (Dairy and Frozen Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Carmine (Dairy and Frozen Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Carmine (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Carmine (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Carmine (Cosmetics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Carmine (Cosmetics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Carmine (Bakery and Confectionery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Carmine (Bakery and Confectionery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Carmine (Meat Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Carmine (Meat Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Carmine (Food Processing Companies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Carmine (Food Processing Companies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Carmine (Beverage Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Carmine (Beverage Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Carmine (Catering Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Carmine (Catering Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Carmine (Cosmetics and Pharmaceutical Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Carmine (Cosmetics and Pharmaceutical Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: North America: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: North America: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: United States: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: United States: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Canada: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Canada: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Asia-Pacific: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Asia-Pacific: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: China: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: China: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Japan: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Japan: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: India: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: India: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: South Korea: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: South Korea: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Australia: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Australia: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Indonesia: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Indonesia: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Others: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Others: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Europe: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Europe: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Germany: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Germany: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: France: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: France: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: United Kingdom: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: United Kingdom: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Italy: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Italy: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Spain: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Spain: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Russia: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Russia: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Latin America: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Latin America: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Brazil: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Brazil: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Mexico: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Mexico: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Others: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Others: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Middle East and Africa: Carmine Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Middle East and Africa: Carmine Market: Breakup by Country (in %), 2022
Figure 80: Middle East and Africa: Carmine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Global: Carmine Industry: SWOT Analysis
Figure 82: Global: Carmine Industry: Value Chain Analysis
Figure 83: Global: Carmine Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Carmine Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Carmine Market Forecast: Breakup by Form (in Million US$), 2023-2028
Table 3: Global: Carmine Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Carmine Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Carmine Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Carmine Market: Competitive Structure
Table 7: Global: Carmine Market: Key Players

Companies Mentioned

  • Amerilure Inc.
  • BioconColors
  • Clariant AG
  • Colormaker Inc.
  • DyStar Singapore Pte Ltd
  • Imbarex S.A.
  • Proquimac Pfc Sa
  • Vinayak Ingredients (INDIA) Pvt. Ltd.

Methodology

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Table Information