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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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