Carmine Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3838
Carmine Market Size should achieve substantial growth during the forecast time period owing to its increasing application in food products such as meat, frozen food, dairy products and beverages. Rising demand of processed food owing to rapid urbanization and changing lifestyle is likely to drive overall market size.
Carmine is a bright red colored powder which is obtained from aluminum salt of carminic acid. It is extracted from cochineal, a scaled insect native to tropical and subtropical regions of South America. Unavailability of any sustainable alternatives and lesser side effects than other synthetic color additives are the key factors which may drive market size.
Shifting consumer preference towards natural food colors owing to adverse health impact of synthetic food colors may stimulate the overall product demand. Global food color market size was valued at over USD 3 billion in 2018 owing to rising applications of food colors in processed food. Carmine is widely used as a food color additive in foods and beverages as it is obtained naturally and has less adverse impact on health thereby driving market size.
Growing demand for meat and sausages owing to rising population and increasing average income are expected to stimulate Carmine Market growth. Global meat production was accounted at over 330 million tons in 2018 owing to surge in meat demand. Carmine is used as a coloring agent to provide the intense red color to meat, salami, pork and sausages thereby fostering product demand.
Rising demand of dairy products like yogurt and ice cream owing to increasing purchase power parity and growing population may foster the overall market size. Global frozen yogurt market size is expected to be valued at over USD 30 billion by the year 2022. Carmine is used as a food coloring agent in frozen yogurt owing to its high stability under neutral pH of ice-cream thereby fostering product demand.
Carmine is widely used in cosmetics including nail polish, lip stick, eye shadows and blush owing to its bright red color. Global lipstick market size is expected to surpass USD 13 billion by 2024. Rising demand of cosmetics owing to increasing female population may act as the key factor responsible for the product growth.
The use of Carmine as a food colorant is controversial; it is not considered as a clean product as it is derived from cochineal extract. European Union restricted the use of carmine in ice-cream because it is extracted from insects. Producers of halal certified products also refrain themselves from carmine owing to its doubtful halal and kosher status among consumers thereby acting as a restrain to the market size.
North America led by Canada, Mexico and U.S. carmine market size may account a significant growth by the year 2025. Growing demand for meat products like beacons and sausages owing to their high protein and nutritional value may fuel the regional product demand. In 2018, U.S sausage market size accounted for a revenue at over USD 20 billion owing to increasing population. The product is widely used as a food coloring agent in beacons and sausages as it is obtained naturally and less harmful than synthetic food colors thereby accelerating regional market size.
Europe driven by Italy, Spain, UK and Germany carmine market size is likely to witness a surge in demand during the forecast timeframe. Growing cosmetic industry owing to increasing female population and rising desire to look beautiful among young generation are the key factors which may foster the regional product demand. In 2018, cosmetic market size in Germany accounted at over USD 2 billion. Carmine is widely used in cosmetics products like eye shadows, blush, lipsticks and nail paints as it provides a unique red and magenta color. It is obtained from natural source thus it is less harmful than synthetic colors thereby fostering regional market size.
Asia Pacific carmine market size steered by India, Japan, Thailand and China should account a substantial growth during the foreseeable time period. Increasing demand of meat and pork owing to rising trend for high calorie food and growing population may act as the factors which may foster the regional market size. In 2018, China annual pork production was accounted at over 50 million metric tons. The product is used to provide a bright red color to processed meat for better visual appeal thereby stimulating regional carmine demand.
Carmine market share is moderately fragmented. The market consists of players including DDW The Color House, Vinayak ingredients, Hansen Holding A/S, Biocon colors, IMBAREX and Amerilure.
Carmine Market, By Form, 2014-2025 (Tons) (USD Million)
Carmine Market, By Applications, 2014-2025 (Tons) (USD Million)
- Processed Food
Carmine Market, By End Use, 2014-2025 (Tons) (USD Million)
- Meat products
- Dairy and frozen products
- Bakery and confectionary
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- DDW The Color House
- Vinayak ingredients
- Chr. Hansen Holding A/S
- Biocon colors
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