The carmine color market is expected to expand its roots at a steady CAGR of 8.0% during the forecast period. The market is likely to hold a revenue of US$ 37 million in 2023 while it is anticipated to cross a value of US$ 78.7 million by 2033.
The research report on the carmine color market states that the long range of applications includes food and beverages, pharmaceuticals, chemistry, and other artificial products. Majorly used in meat products and seafood, carmine is also used in alcoholic and non-alcoholic drinks as a colorant. Furthermore, the restored food and beverages industry along with the expanding pharmaceutical and biotechnology sector is expected to have a strong positive impact on the market. Obtained from cochineal (a red dyestuff extracted through dead female scale insects), carmine color has been a successful colorant when it comes to acting as an additive in cosmetics, specifically relating to eye makeup. This long range of applications has made the market dynamic and transformative. The different formations and concentrations of carmine such as water-soluble carmine liquid carmine, lacquer carmine, and oil-soluble carmine have different applications. The rapidly rising food export is also flourishing the demand for carmine color.
Carmine color market analysis explains that the advanced extracting techniques coupled with the high demand for liquor and other beverages carrying natural colors are flourishing the market growth. Alongside this, the great staining power of carmine color makes it an exclusive option for coloring artificial flowers and other cosmetic products. Moreover, the carmine lake is used in a wide variety of food applications due to its excellent light and temperature stability. Apart from these, carmine powder and liquid have other applications. The new and innovative business ideas and growing awareness around natural colors are pushing companies to adopt the carmine color as an option.
| Attributes | Details |
|---|---|
| Carmine Color Market CAGR (2023 to 2033) | 8.0% |
| Carmine Color Market Size (2023) | US$ 37 million |
| Carmine Color Market Size (2033) | US$ 78.7 million |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Short-term Growth (2023 to 2026): The expanding food and beverage chains along with the application of carmine in soft drinks, cider vinegar, yogurt, baked goods, and dairy products are fuelling the market growth. Furthermore, the higher demand for convenient food and seasoning is also pushing manufacturers to adopt the carmine color. With these wide ranges of applications, the market is expected to hold US$ 37 million in 2023 while it is anticipated to reach US$ 46.61 million by 2026.
Mid-term Growth (2026 to 2029): The higher penetration of sustainability in the food and beverage industry coupled with increasing health consciousness among end users is expected to garner market growth during this period. Alongside this, the use of carmine colorant in enhancing the food aesthetic is likely to contribute to the market’s upward trajectory. This takes a market value from US$ 46.61 million in 2026 to a value of US$ 60.40 million in 2029.
Long-term Growth (2029 to 2033): The transformative carmine color market is yet to expand at its fullest. This period is likely to witness that as the demand for organic additives is expected to rise. Thus, the market is anticipated to thrive at a slightly lower CAGR of 8.0% between 2023 and 2033.
The rapidly growing drugs and cosmetics industry along with the restored food and beverage industry is flourishing the demand for the carmine color market. Furthermore, the increasing demand for fun food and enhanced supply chains have contributed to the market growth.
The organic carmine color options based on solubility are targeting different verticals including confectioneries and innovative food spaces are garnering market growth. High-quality, natural, and organic food options are flourishing in market growth. Alongside this, natural colors such as carmine enhance the appearance of food products.
These colors are used in bakery and confectionery items for aesthetic or artistic purposes, and they improve the quality and extend the shelf life of bakery and confectionery products. The sales of carmine are getting fueled through the higher sales of packaged food and certain medicines.
Principal Consultant
Some of the major restraints for the carmine color market are the vegan and animal rights movements as the color is extracted through the killing of certain female bugs. The frequent approvals and ban of color in certain regions are also limiting the growth rate of the market. For example, food manufacturers who are offering halal and kosher certification on their products are avoiding the use of carmine color in their products. Companies launching carmine color alternatives in the market are also affecting the market adversely.
| Region/Country | Revenue Share % (2022) |
|---|---|
| United States | 35.7% |
| Germany | 5.1% |
| Japan | 6.5% |
| Australia | 4.2% |
Increasing Demand from the Bakery & Confectionery Sector is Boosting Sales of Red Carmine Color
The United States carmine color market leads in terms of market share in the North American region. The region is expected to hold a market share of 26.1% in 2023. The regional growth is attributed to the increasing consumption and sales of processed foods in the region
Rapidly rising per capita income and enhanced lifestyle are also pushing end users to add natural and organic food products to their diets. This is compelling manufacturers to use organic ingredients in processed food products, which in turn is spurring demand for natural colors and flavors.
Growing Demand for Ready-to-eat Food Packages along with Rising Food Innovation is garnering the Regional Growth
The Indian carmine color market thrives at a CAGR of 10.8% between 2023 and 2033. Though the market held a share of US$ 1.1 million in 2022. The ongoing growth trajectory is attributed to the transformed consumer preference for high-quality food products. This is flourishing the sales of natural ingredients in the region. International manufacturers and producers are investing in research and development to create distinctive and innovative high-quality products. Furthermore, cutting-edge food technology is expected to maintain high-quality standards. The increasing number of confectioneries and nonvegetarians in the country is also helping the market thrive in the region.
Increasing Preference for Organic Pet Food is expected to fuel the Carmine Color Sales
The German market held a market share of 5.1% in 2022. The growth is attributed to the increasing pet ownership that has led to high demand for premium pet food. Consumers are willing to pay extra to provide their pets with the highest quality food. Also, the health consciousness among people around natural and organic colors is fueling the demand for carmine colors in the region.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
| Category | By Nature |
|---|---|
| Leading Segment | Conventional |
| Market Share (2022) | 90.8% |
| Category | By Application |
|---|---|
| Leading Segment | Meat, Poultry, Fish, and Eggs |
| Market Share (2022) | 24.8% |
Based on nature type, conventional lead as it held a major market share of 90.8% in 2022. The growth of this segment is due to cheaper prices and higher consumption. The segment is expected to reach US$ 70.5 million by 2032. The segment is used as a dye for summer wear clothes printing along with other food-based applications.
Based on application, the meat, poultry, fish, and eggs segment lead as it held a market share of 24.8% in 2022. The growth is attributed to the higher consumption as carmine color is used in meat casings, egg & egg substitutes, fish/seafood, jerky, meat substitute, and processed meat & poultry.
The key players in the market focus on providing 100% natural carmine color. Alongside this, the research and development of color and its different versions for various applications are also elements that key companies focus on. Leading players operating in the carmine color market are investing in the expansion of production facilities to cater to a growing consumer pool.
How can Carmine Color Vendors Providers Scale their Businesses in the Market?
Market players in the market are working on three major strategies.
Market Developments
The carmine color market size is valued at US$ 437 million in 2023.
The carmine color market is projected to thrive at 8.0% CAGR through 2033.
The carmine color market is predicted to surpass US$ 78.7 million by 2033.
The meat, poultry, fish, and eggs segment leads with an acquired 24.8% of the carmine color market share in 2022.
Japan occupied 6.5% of the carmine color market revenue share in 2022.
1. Executive Summary | Carmine Color Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyers 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nature 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Nature, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Nature, 2023 to 2033 5.3.1. Organic 5.3.2. Conventional 5.4. Y-o-Y Growth Trend Analysis By Nature, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Nature, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Application, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Application, 2023 to 2033 6.3.1. Beverage 6.3.2. Bakery 6.3.3. Snacks 6.3.4. Cereal 6.3.5. Candy 6.3.6. Dairy 6.3.7. Fruit Preparations 6.3.8. Meat 6.3.9. Poultry 6.3.10. others 6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. Middle East and Africa(MEA) 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. The USA 8.2.1.2. Canada 8.2.2. By Nature 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Nature 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Nature 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Nature 9.3.3. By Application 9.4. Key Takeaways 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. United Kingdom 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Nature 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Nature 10.3.3. By Application 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Singapore 11.2.1.5. Thailand 11.2.1.6. Indonesia 11.2.1.7. Australia 11.2.1.8. New Zealand 11.2.1.9. Rest of Asia Pacific 11.2.2. By Nature 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Nature 11.3.3. By Application 11.4. Key Takeaways 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of Middle East and Africa(MEA) 12.2.2. By Nature 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Nature 12.3.3. By Application 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. USA 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2022 13.1.2.1. By Nature 13.1.2.2. By Application 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2022 13.2.2.1. By Nature 13.2.2.2. By Application 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2022 13.3.2.1. By Nature 13.3.2.2. By Application 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2022 13.4.2.1. By Nature 13.4.2.2. By Application 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2022 13.5.2.1. By Nature 13.5.2.2. By Application 13.6. United Kingdom 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2022 13.6.2.1. By Nature 13.6.2.2. By Application 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2022 13.7.2.1. By Nature 13.7.2.2. By Application 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2022 13.8.2.1. By Nature 13.8.2.2. By Application 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2022 13.9.2.1. By Nature 13.9.2.2. By Application 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2022 13.10.2.1. By Nature 13.10.2.2. By Application 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2022 13.11.2.1. By Nature 13.11.2.2. By Application 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2022 13.12.2.1. By Nature 13.12.2.2. By Application 13.13. Singapore 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2022 13.13.2.1. By Nature 13.13.2.2. By Application 13.14. Thailand 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2022 13.14.2.1. By Nature 13.14.2.2. By Application 13.15. Indonesia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2022 13.15.2.1. By Nature 13.15.2.2. By Application 13.16. Australia 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2022 13.16.2.1. By Nature 13.16.2.2. By Application 13.17. New Zealand 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2022 13.17.2.1. By Nature 13.17.2.2. By Application 13.18. GCC Countries 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2022 13.18.2.1. By Nature 13.18.2.2. By Application 13.19. South Africa 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2022 13.19.2.1. By Nature 13.19.2.2. By Application 13.20. Israel 13.20.1. Pricing Analysis 13.20.2. Market Share Analysis, 2022 13.20.2.1. By Nature 13.20.2.2. By Application 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Nature 14.3.3. By Application 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. DDW The Color House 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Archer Daniels Midland Company 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. McCormick & Company 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Chr.Hansen A/S 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Naturex S.A. 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Riken Vitamin Co., Ltd. 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. Döhler Group 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Kalsec Inc. 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. Sensient Colors LLC 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. BioconColors 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
Explore Food and Beverage Insights
View Reports
Carmine Color Market
