Carmine Market Share Growing at 6.7% CAGR - Global and Regional Analysis

Carmine Market is projected to reach $57.5 million in 2025, registering a CAGR of 6.7% from 2018 to 2025. The powder form segment accounted for maximum share in 2017. Carmine is a dye majorly used for coloring food products and galenicals. It is also used in inks. This natural colorant Carmine is the purified form of a colorant known as cochineal. It is derived from the shell of the female cochineal insect (Dactylopius coccus Costa). Cochineal and its derivatives come from the bodies of female cochineal beetles. The carmine industry offers wide range of applications in cosmetics, pharmaceutical coatings, cake icings, fillings, and hard candy, icings, yogurt, gelatin dessert, alcoholic beverages, bakery products, and cosmetics.

Download Sample Copy Of Report@ https://www.alliedmarketresearch.com/request-sample/5247

The dairy & frozen products segment dominated the global carmine market, accounting for $12.49 million, and is expected to grow at a notable CAGR of 7.5% during the forecast period. This is attributed due to major use in dairy products such as drinking yogurt, chocolate milk, eggnog, and whey-based drinks. The segment is also estimated to witness a healthy growth rate in the future.

The cosmetics segment is estimated to be the fastest growing segment in the application segment during the forecast period. Carmine in cosmetics is mostly used to add color vibrancy and shade intensity to makeup. In cosmetics, it is used as natural color for personal care application, makeup application, and coloring cosmetic formulas. The increase in consumption of cosmetics and personal care products by majority of women worldwide is anticipated to drive the global carmine market in future.

In 2017, by end users, the food processing companies acquired the maximum market share of 34.1owing to rise in need for natural carmine extracts for processed food and surge in health consciousness among the people globally.

The cosmetics and pharmaceutical industry is anticipated to grow with the highest CAGR of 8.4% during the forecast period (2018-2025).

Enquire More About This Report At: https://www.alliedmarketresearch.com/purchase-enquiry/5247

By form, the powder segment dominated the overall market with 61.2% share and is expected to grow at a CAGR of 7.1% during the forecast period.

Based on region, Asia-Pacific is expected to witness the highest growth rate of 8.1% during the forecast period, owing to improvement in lifestyle, rise in health awareness, and development in regulatory framework.

The major companies profiled in the report include are Amerilure, The Hershey Company, DDW The Color House, Sensient Colors LLC, Proquimac, Chr. Hansen Holding A/S, Naturex, colorMaker, Inc., Biocon, and Roha.

Key Findings of the Carmine Market:
• Based on region, Asia-Pacific is anticipated to lead the carmine market in 2025, growing at a CAGR of 8.1%, in terms of value.
• In 2017, based on form, the powder segment occupied nearly 61% of the carmine market share.
• In 2017, based on application, the dairy & frozen products segment dominated the global market and is expected to grow at a CAGR of 7.5% during the forecast period.
• In 2017, based on end user, the food processing companies segment occupied around 34.1% of the carmine market size.

Browse In-depth Market Research Report (186 pages) on carmine market: https://www.alliedmarketresearch.com/carmine-market

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.