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Carmine Market Trends

  • Report ID: GMI10311
  • Published Date: Jul 2024
  • Report Format: PDF

Carmine Market Trends

The carmine industry is witnessing several notable trends driven by evolving consumer preferences and industry dynamics. There's a growing shift towards clean-label and natural products, pushing manufacturers to replace synthetic dyes with carmine in various applications. The cosmetics industry is increasingly adopting carmine for its vibrant red hues in lipsticks and other color cosmetics. In the food and beverage sector, there's a rising demand for carmine in plant-based and vegan products, paradoxically, as manufacturers seek to mimic the appearance of meat and dairy.
 

Sustainability is becoming a key focus, with companies investing in responsible sourcing practices and exploring ways to optimize cochineal insect farming. Additionally, there's a trend towards developing new formulations that enhance the stability and versatility of carmine, expanding its potential applications. As health consciousness grows, the market is also seeing increased use of carmine in functional foods and nutraceuticals. These trends collectively contribute to the robust growth and evolution of the global market.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of carmine reached USD 50.1 billion in 2023 and is set to witness 6.5% CAGR from 2024 to 2032, owing to the increasing consumer demand for natural food colorants and the rising awareness of potential health concerns associated with synthetic dyes worldwide.

Carmine industry from the crystal form segment is expected to register 2.5% CAGR through 2032, due to the rising consumer awareness regarding health concerns associated with synthetic additives.

Asia Pacific market is expected to register 6.7% CAGR from 2024-2032, attributed to increasing urbanization and changing dietary habits, bolstering the demand for convenience foods in the region.

Amerilure, Inc., BiocoChr. Hansen Holding A/S, Colormaker, Inc., Ddw TheColor House, Diana Natural, Gnt Group B V, Naturex, Proquimac, RohaDyechem Pvt Ltd, Sensient Technology Corporation, and The Hershey Company, are some of the major carmine companies worldwide.

Carmine Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 172
  • Countries covered: 21
  • Pages: 200
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