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Carmine Market Share, Size, Statistics & Industry Forecast Report, 2020-2027

04-12-2021 01:59 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: GMI Research

Growth opportunities in the carmine market look promising over the next six years. This is mainly due to the expansion of the pharmaceutical and cosmetic industry, rising health awareness among individuals worldwide, strict government regulations, and increasing demand for natural food colorants and ingredients.

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Carmine Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The drivers stimulating the growth of the global carmine market include the growing demand for natural ingredients and colorants, stringent government norms, and the boost in the cosmetic and pharmaceutical companies. The artificial food color extracted from petroleum products makes food look more appealing and attractive but results in numerous health issues like restlessness, irritability, aggression, and sleeplessness. The increasing health awareness led by the surging health risk has stimulated the demand for natural food colorants and ingredients among consumers throughout the world. Carmine is a natural color synthesized from raw materials and does not cause any harm to mental or physical health, thereby augmenting its demand in the market.
Government throughout the world has imposed strict norms on manufacturing and trading of synthetic chemicals owing to the health risk associated with them. This has resulted in shifting the focus of industries towards natural colors in food and products like infant toys, textile printing, and handmade paper, which further boosts the market growth.

End-User Segment Drivers

Based on end-user, the market is segmented into the cosmetics & pharmaceutical industry, catering industry, food processing companies, and beverage industry. The food processing industry is predicted to lead the market over the forecast period due to the prominent adoption of carmine or food colors in processed foods. Carmine is also used in processed meats to maintain its red color, which boosts the growth of the segment.

To Know More About Global Carmine Market - https://www.gmiresearch.com/report/carmine-market/

Regional Drivers

Based on the regional coverage, North America is projected to dominate the market during the forecast period owing to the adoption of processed food by consumers. Also, the choice of dairy and meat products contributes to the growth of the market. On the other hand, Asia-Pacific is expected to expand at a higher CAGR over the forecast period attributing to the growing health awareness among individuals.

Carmine Market’s leading Manufacturers:
• Roha Inc.
• colorMaker, Inc.
• Chr. Hansen Holding A/S
• Sensient Technologies Corporation
• Amerilure, Inc.
• Biocon Ltd.
• Proquimac PFC S.A.
• NATUREX SA
• DDW, Inc.
• The Hershey Company

Carmine Market Segmentation:

Segmentation by Form:
• Powder
• Liquid
• Crystal

Segmentation by Application:
• Dairy & Frozen Products
• Food & Beverages
• Cosmetics
• Bakery & Confectionary
• Meat Products

Segmentation by End-User:
• Food Processing Companies
• Beverage Industry
• Catering Industry
• Cosmetics and Pharmaceutical Industry

Segmentation by Region:

• North America
o United States of America
o Canada

• Asia Pacific
o China
o Japan
o India
o Rest of APAC

• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)

Media Contact

Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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