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Global Carminic Acid Market Expected to Witness a Sustainable Growth over 2025 - QY Research

08-22-2018 11:48 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QYResearch Co.Ltd

/ PR Agency: QYR
Global Carminic Acid Market Expected to Witness a Sustainable Growth over 2025 - QY Research

Global Carminic Acid Market Expected to Witness a Sustainable Growth over 2025 - QY Research

This report studies the Carminic Acid market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Carminic acid is a natural colorant extracted from cochineal, the desiccated bodies of dactylopius coccus costa female insects, used widely in making food, cosmetic and medicine.

Carminic acid is the extract from cochineal. The major cultivation countries of cochineal are Peru, Chile, and Mexico, among which Peru produces the most with 75% share worldwide. The main extracts of cohineal are carminic acid and carminic lake, and the former is mainly used in alcoholic beverages, soft drinks, fruit juices, yoghurts, milk drinks, ice creams, confectionery, pastry and pharmaceuticals.

Global production of Carminic Acid increase from 31513 kg in 2011 to 37697 kg in 2015, with average growth rate around 4%. The growth rate is limited by the cultivation capability, although downstream demand is strong. The cultivation area mainly concentrates in South America, and Peru is estimated to occupy 61.39% of the global production in 2016, while Chile is estimated to occupy 8.68%, Mexico 4.65%. For carminic acid produced in other areas, the raw cochineal is also exported from South America.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Carminic Acid in these regions, from 2013 to 2025, covering

    North America (United States, Canada and Mexico)

    Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

    Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

    South America (Brazil etc.)

    Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

    DDW COLOR

    Holland Ingredients

    COLORMAKER

    Frutarom

    Biocon Del Peru

    Proagrosur Perú

    Natcolor Peru

By the product type, the market is primarily split into

    Type I

    Carminic acid content:≤6%

    Carminic acid content: ≤7.5%

    Carminic Acid Content: <90%

    Carminic Acid Content: ≥90%

By the end users/application, this report covers the following segments

    Food

    Pharmaceuticals

    Others

The study objectives of this report are:

    To study and analyze the global Carminic Acid market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.

    To understand the structure of Carminic Acid market by identifying its various subsegments.

    To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

    Focuses on the key global Carminic Acid manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

    To analyze the Carminic Acid with respect to individual growth trends, future prospects, and their contribution to the total market.

    To project the value and volume of Carminic Acid submarkets, with respect to key regions (along with their respective key countries).

    To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

    To strategically profile the key players and comprehensively analyze their growth strategies.

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QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.

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QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.

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