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Carmine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global carmine market reached a value of US$ 47.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 68.5 Million by 2027 exhibiting a CAGR of 6.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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. 

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on form, application and end user.

Breakup by Form:

  • Powder
  • Liquid
  • Crystal
     

Breakup by Application:

 

 
 

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  • 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:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
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
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

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$), 2016-2021
Figure 3: Global: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Carmine Market: Breakup by Form (in %), 2021
Figure 5: Global: Carmine Market: Breakup by Application (in %), 2021
Figure 6: Global: Carmine Market: Breakup by End User (in %), 2021
Figure 7: Global: Carmine Market: Breakup by Region (in %), 2021
Figure 8: Global: Carmine (Powder) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Carmine (Powder) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Carmine (Liquid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Carmine (Liquid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Carmine (Crystal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Carmine (Crystal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Carmine (Dairy and Frozen Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Carmine (Dairy and Frozen Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Carmine (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Carmine (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Carmine (Cosmetics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Carmine (Cosmetics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Carmine (Bakery and Confectionery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Carmine (Bakery and Confectionery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Carmine (Meat Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Carmine (Meat Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Carmine (Food Processing Companies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Carmine (Food Processing Companies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Carmine (Beverage Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Carmine (Beverage Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Carmine (Catering Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Carmine (Catering Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Carmine (Cosmetics and Pharmaceutical Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Carmine (Cosmetics and Pharmaceutical Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia-Pacific: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia-Pacific: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: Carmine Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: Carmine Market: Breakup by Country (in %), 2021
Figure 80: Middle East and Africa: Carmine Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Carmine Market Forecast: Breakup by Form (in Million US$), 2022-2027
Table 3: Global: Carmine Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Carmine Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Carmine Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Carmine Market: Competitive Structure
Table 7: Global: Carmine Market: Key Players

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Key Questions Answered in This Report

The global carmine market was valued at US$ 47.2 Million in 2021.

We expect the global carmine market to exhibit a CAGR of 6.10% during 2022-2027.

The growing utilization of carmine in bakery and confectionery products, soft drinks, strawberries,
and jams as a pigmenting and flavoring agent is primarily driving the global carmine market.

The sudden outbreak of the COVID-19 pandemic has led to the shifting consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase
of carmine extracts.

Based on the form, the global carmine market has been segmented into powder, liquid, and crystal.
Currently, powder form represents the largest market share.

Based on the application, the global carmine market can be bifurcated into dairy and frozen
products, food and beverages, cosmetics, bakery and confectionery, and meat products. Among
these, dairy and frozen products account for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global carmine market include Amerilure Inc., BioconColors,
Clariant AG, Colormaker Inc., DyStar Singapore Pte Ltd, Imbarex S.A., Proquimac Pfc Sa, and Vinayak
Ingredients (INDIA) Pvt. Ltd.

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