COVID-19: Impact on Carmine Market Future Scenarios and Business Opportunity Analysis 2025

AMR team is working exclusively on COVID-19 impact on various Carmine Market. The COVID-19 update is in progress and our research team is doing primary research activity to find out the revised growth curve of across all the industries at country level. Conducting an exclusive study keeping COVID-19 in mind would help client to interpret the economic impact in near-terms of and long term future. AMR research team is also tracking the changing dynamics of Carmine industry along with its immediate impact on the market.

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Carmine Market by Form (Powder, Liquid, and Crystal), Application (Dairy & Frozen Products, Food & Beverages, Cosmetics, Bakery & Confectionery, and Meat products), and End User (Food Processing Companies, Beverage Industry, Catering Industry, and Cosmetics & Pharmaceutical Industry): Global Opportunity Analysis and Industry Forecast, 2018 - 2025." The report provides a detailed analysis of drivers & opportunities, market size & share, segmentation, top investment pockets, and technology trends that prevail in the industry. Information about the major market players operating in the segment are also discussed. As per the report, the global carmine market was estimated at $33.9 million in 2017 and is expected to hit $57.5 million in 2025, growing at a CAGR of 6.7% from 2018 to 2025.

Health fears over artificial food additives, the colors used in the production of such additives, growth in need for naturally extracted carmine for processed food, and rise in demand for natural colors on account of health benefits & cost-effectiveness have fueled the growth of the global carmine market. On the other hand, slow adoption of carmine in developing nations, lack of awareness in undeveloped nations, and high cost associated with extraction of carmine on account of biotech processes have hindered the growth to some extent. Nevertheless, technological advancements in food industries and continuous R&D for deriving cost-effective carmine by private organizations and government have created multiple opportunities in the segment.

Dairy and frozen segment to rule the roost

Based on application, the dairy and frozen product segment held nearly two-fifth of the total market share and is anticipated to dominate throughout the study period. Its extensive use in dairy products such as drinking yogurt, chocolate milk, eggnog, and whey-based drinks has driven the growth. Also, wide consumption of dairy & frozen products in the developing countries has propelled the growth of the market.

Powder segment to remain dominant through 2025

Based on form, the powder segment contributed to more than three-fifth of the total market and also came out as the fastest growing segment, registering a CAGR of 7.1% during the forecast period. The increasing demand for non-toxic natural coloring ingredient used in the food industry has spurred the growth.

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North America to retain its highest share during the study period

Based on region, North America accounted for more than one-third of the total market share and is anticipated to maintain its dominance till 2025. High consumption of meat products in the region over the past few years has driven the market.

Frontrunners in the market

Leading market players analyzed in the research include Hansen Holding A/S, Amerilure, DDW The Color House, Chr. Naturex, colorMaker, Inc., Roha, Sensient Colors LLC, Proquimac, The Hershey Company, and Biocon. They are expanding the scope of their business operations in the developing countries by incorporating cutting-edge products in their product portfolios.

Key Benefits

o The report provides a qualitative and quantitative analysis of the current Carmine market trends, forecasts, and market size from 2018 to 2025 to determine the prevailing opportunities.
o Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
o Top impacting factors & major investment pockets are highlighted in the research.
o The major countries in each region are analyzed and their revenue contribution is mentioned.
o The market report also provides an understanding of the current position of the market players active in the Carmine industry.

Highlights of the Report

o Competitive landscape of the Carmine Market.
o Revenue generated by each segment of the Carmine market by 2025.
o Factors expected to drive and create new opportunities in the Carmine industry.
o Strategies to gain sustainable growth of the market.
o Region that would create lucrative business opportunities during the forecast period.
o Top impacting factors of the Carmine market.

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