Carmine Market

Carmine Market: Overview

The market size for carmine was USD 40.1 million in 2021, and it is projected to grow at a CAGR of 5.5 percent during the forecast period. Carmine is created using cochineal extracts. It is not regarded as a clean-label product as a result. Customers' reactions to it as a result have been conflicted. However, the scarcity of environmentally friendly substitutes and the fact that they are less harmful than synthetic alternatives are increasing demand from a variety of end-use sectors. Growing consumer desire for natural food colors to replace synthetic ones in order to mitigate their detrimental impact on health is projected to support market expansion. As the only pure source of carmine, female cochineal bugs are in high demand. In order to help these pests breed, some businesses are using artificial means to recreate similar climatic conditions in other parts of the world.

Female cochineal insects are found on Coccus cacti, and they are utilized to make the cochineal extract that is required to make pure carmine. The main producers of pure carmine, which the United States imports, are Peru and the Canary Islands. The pigment gives meat goods, candy, and ice cream an unusual magenta-pink-red hue, which is driving up demand in the United States. Growing consumer desire for natural food colors to replace synthetic ones in order to lessen their detrimental effects on health is anticipated to support market expansion. Food firms investing in the introduction of new food products with natural additives and the development of enhanced formulations of carmine food color are working toward a future where food is more hygienic.

Since female cochineal bugs are the sole pure source of carmine, the demand for them is increasing. In order to help these bugs breed in other regions of the world, some businesses are utilizing artificial ways to create climatic conditions that are comparable to those found there. Over the course of the forecast period, this is anticipated to cut the price of carmine overall. The expansion of the carmine market is anticipated to be constrained by high pricing for color formulations due to the difficult manufacturing process in comparison to its synthetic counterparts. However, it is anticipated that the price may drop even more in the near future due to an increase in carminic acid yield brought on by the use of improved extraction and processing techniques.

Carmine Market: COVID-19 Impact

The global COVID-19 pandemic outbreak in 2020 had a big influence on the carmine market worldwide. As people's awareness of health and the use of natural ingredients in food has grown, the market has expanded during the epidemic. However, the market saw a slowdown in the cosmetics sector as a result of a stop in production, a break in supply chains, and a decline in demand.

Carmine Market: Drivers

Increasing Demand for Carmine in Cosmetics Sector to Drive Market Growth

In the personal care sector, carmine is frequently used in lip gloss, eye makeup, and lipstick. It can be used as a base to obtain cooler pinks and purples without the use of artificial dyes, as well as to produce a strong red color and boost the wearability or shading intensity of cosmetics. Even while carmine is perfectly natural, there has been controversy over the lack of transparency regarding its widespread use in the cosmetics industry. The cool, blue undertone color spectrum that Carmine gives to pink and red cosmetic products is not a result of any natural pigments or dyes. All-natural pigments and colors made from natural sources, including iron oxides, have warm, rusty, or orange undertones. Other organic substances sold as "fruit pigments" lose their vibrant and lovely pink or red color with time. All-natural fruit colors oxidize in a recipe and become dark as a result of going organic. Although it comes from a beetle, carmine is the only consistently natural color that offers the gorgeous range of pinks and reds that consumers want in organic cosmetic products.

Rising Demand for Carmine as Pigments Driving Market Growth

In markets like North America, the increasing demand for carmine as pigments in the meat sector is anticipated to promote market expansion. Latin American nations like Peru, Chile, Mexico, and others are anticipated to be profitable supply markets for carmine since it is created using cochineal extract, which is derived from female cochineal insects thriving in particular conditions. The Asia Pacific area is anticipated to become a significant regional market for carmine in the upcoming years thanks to the region's rapid growth in the food processing sector.

Carmine Market: Restraints

Health Risks Associated with Use of Carmine to Hamper Market Growth

The use of cochineal products has also been connected to health issues, with studies showing that the chemical can cause severe allergic reactions, contact sensitivity, and occasionally even asthma. The FDA started requiring manufacturers of foods and cosmetics containing carmine to disclose the ingredient on the label. Others contend that because carmine is entirely natural, it is better for the environment than substitutes made from synthetic materials. Synthetic colorings are commonly made from petroleum or coal wastes. Studies have found a connection between even the most widely used food colors and children's hyperactivity as well as allergy reactions and other harmful effects.

Carmine Market: Segment Overview

Dairy and Frozen Products will Dominate Market due to Regulatory Restrictions Against Use of Artificial Food Colors

Over the projection period, demand for dairy and frozen products is anticipated to increase. This is due to the strict regulatory restrictions against the use of artificial food colors that concerned authorities have put in place. As a result, artificial coloring is now used far less frequently in dairy products like flavored milk and frozen yogurt. Over the course of the forecast period, the market is anticipated to be driven by rising consumer demand for the color in processed meats and meat-based goods like sausage and bacon. Growing demand for meat products in developed economies like the U.S. and the U.K. combined with an increase in the use of carmine to create a film over sausages to enhance their aesthetic appeal is projected to drive market expansion.

With Increased Demand for Carmine Powder, Powder Category Dominated Market

The carmine market has been divided into powder, crystal, and liquid based on form. Over the course of the projected period, the powder segment is anticipated to experience substantial revenue growth. This is a result of more people using carmine powder. Due to its widespread use in the food industry to color products that need a tone ranging from pink to deep red, such as syrups, sausages, jams, sweets, industrial cakes, gums, ice creams, vegetable preserves, and dairy products, such as red fruits and strawberry yogurt, or a few energy drinks and sausages, carmine powder from cochineal is regarded as the best natural coloring. Meat, dairy, high-end cosmetics, chocolates, alcoholic beverages, medications, textiles, old paintings, and high-end industrial paints are all products that include cochineal powder.

Carmine Market: Regional Landscape

North America to Dominate Market due to High Consumption of Meat Products

During the projected period, North America's market is anticipated to generate the greatest revenue share, which can be mostly ascribed to the U.S. From 2015 through 2019, the amount of meat consumed per person increased yearly, peaking at 264 pounds in 2020. The overall amount of meat consumed in the United States has increased by 40% since 1961. Because of this, the North American market has been able to grow quickly.

Over the course of the projection period, the Asia Pacific market revenue is anticipated to grow at the fastest rate, which can be due to public indignation over artificial items, increased media exposure, improved lifestyles, and rising health consciousness. The proportion of people in China with good health knowledge and abilities, or health awareness level, improved from 2019 to 2020 by 3.98%, reaching 23.15%, according to the National Health Commission. The administration claims that this represented the nation's largest annual increase in health awareness. As a result, rising health consciousness in the region's nations is anticipated to fuel market revenue growth.  Due to rising health consciousness in the region's nations, the market revenue in Europe is anticipated to expand steadily over the course of the projected period. For instance, a statewide poll of more than 5,000 persons in England found that 80% of adults over the age of 18 had made the decision to change their lifestyle to one that was healthier in 2021. In 2021, 8 out of 10 adults over the age of 18 planned to modify their lifestyle, with the coronavirus cited as the primary motivator for change by 7 out of 10 adults.

Global Carmine Market: Competitive Landscape

Givaudan bought DDW, The Color House, a provider of natural colors to the food and beverage industry, in December 2021. The company has 12 manufacturing facilities worldwide, and this acquisition of Givaudan is a component of its 2025 strategy for portfolio expansion. The corporation will be able to dominate the market for natural hues thanks to this acquisition. Moreover, in order to overcome consumers' hesitation to try plant-based beverages, Danone will launch a plant-based next-milk in June 2022 under the Silk Canada brand. This project includes an analysis of milk's molecular makeup and sensory experience in order to develop a plant-based product that has a mouthfeel and flavor profile that are comparable to those of dairy. Additionally, the U.S. Food and Drug Administration stated in May 2022 that it has expanded its partnership with Danone's Nutrica division in order to improve the supply of specialist medical infant formula bottles. Danone will send 500,000 more cans to the United States as a result of this agreement.

Few of the players in the 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.

Regional Classification of the Global Carmine Market is Described Below:

North America

• U.S.
• Canada

Europe

• Germany
• France
• Spain
• U.K.
• Italy
• Russia
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East and Africa

• GCC
• South Africa
• Rest of Middle East and Africa

*Regions and countries are subject to change based on data availability

Key Elements Included In The Study: Global Carmine Market

• Carmine Market by Product/Technology/Grade, Application/End-user, and Region
• Executive Summary (Opportunity Analysis and Key Trends)
• Historical Market Size and Estimates, Value and Volume, 2018 - 2022
• Volume Consumption at Regional and Country Level, 2023 - 2030
• Market Dynamics and Economic Overview
• Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2023 - 2030
• Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
• Regional and Product/Grade/Application/End-user Price Trends Analysis
• Value Chain and Five Force’s Analysis
• Regional/Sub-region/Country Market Size and Trend Analysis
• Company Market Share Analysis and Key Player Profiles

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