Rising demand for natural food ingredients and colorings is a significant driver for the revenue growth of the global carmine market
— Emerging research
VANCOUVER, BC, CANADA, July 16, 2022 /EINPresswire.com/ — The Global carmine market the size is expected to reach $78.5 billion with a stable revenue CAGR of 6.7% in 2030, according to a latest analysis from Emergen Research.
The rise in demand for natural food ingredients and colorants can be attributed to the steady growth in carmine market revenue. Natural food ingredients and colorings have many benefits. Health-conscious consumers take the more than superficial aspect very seriously. Although they want it “natural”, they also want the right color. Customers are concerned about the impact of the food and drink they consume on their health and that of their children.
The beta-carotene, lutein, lycopene, anthocyanins, and flavonoid compounds from grape, bilberry, and bilberry skin, as well as turmeric, are all powerful antioxidant or anti-inflammatory compounds. For the majority of major ingredient suppliers, their inventories of natural origin colors are healthy. Indeed, the majority of plant and animal pigments serve as a defense against the negative effects of UV light and oxygen.
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A recent trend in the market is the use of carminic acid. It can be used in the aqueous phase in ice cream, baked goods, pastries, desserts, beverages and other food products. Depending on the pH of the food product and the amount used, it gives the finished product an orange or red hue. It is soluble throughout the pH range, but especially in low pH products.
The global carmine market is highly consolidated owing to the presence of a large number of companies in this industry. The report examines in detail the current position of these companies in the market, their past performance, supply and demand graph, production and consumption patterns, sales network, distribution channels and opportunities. growth in the market. The report examines the strategic approach of leading market players to expand their product offerings and strengthen their market presence.
Major participants include com, Biocon, Chr. Hansen Holding A/S, Colormaker, Inc., DDW The Color House, Naturex, Proquimac, Roha, Sensient Technologies Corporation and The Hershey Company.
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On April 10, 2022, the European Union announced that it would vote on the “Red Tree Food Pigment Use Regulations”, which refines several carmine food categories and implements new labels. If approved, this regulation may affect European foodservice manufacturers and manufacturers exporting to Europe. Danish bioscience company Ke Hansen said the new regulations could open new doors for the application of this pigment.
The powders segment is expected to witness a rapid revenue growth rate over the forecast period. This is attributed to the increasing use of carmine powder. Cochineal carmine powder is recognized as the best natural colorant due to its widespread use in the food industry to impart color to products requiring a tone ranging from pink to dark red, such as sausages, syrups, sweets, jams, gums, industrial cakes, vegetables. preserves, ice cream and dairy products, such as red fruits and strawberry yogurt or some energy drinks and sausages. Meat, dairy products, sweets, alcoholic beverages, pharmaceuticals, textiles, historical works of art, high-end industrial paints (for luxury or historical design buildings), as well as cosmetics top-of-the-range (lip tints, nail polish), are all products that contain cochineal powder.
The dairy and frozen products segment is expected to account for a major share of the global market revenue during the forecast period owing to the major usage of carmine in dairy products such as drinkable yogurt, chocolate milk, eggnog and whey drinks. For different dairy products, various forms of carmine are used. For example, Carmine Laca can be used to flavor dairy products such as ice cream and yogurt. Dairy products that call for pink or red coloring can also use water-soluble carmine. Juices, energy drinks, and alcoholic beverages are just a few of the dairy products and beverages that can use liquid carmine.
Emergen Research has segmented the global carmine market based on form, application, end use, and region:
Form Outlook (Revenue, USD Million; 2019-2030)
Application Outlook (Revenue, USD Million; 2019-2030)
Dairy and frozen products
Food and drinks
Bakery & Confectionery
End-Use Outlook (Revenue, USD Million; 2019-2030)
Food processing companies
The beverage industry
The restaurant industry
Cosmetic & Pharmaceutical Industry
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Valuable Market Information:
The report highlights the latest trends observed in the consumption pattern of each regional segment.
The extensive market segmentation included in the report provides insight into the revenue and estimated growth of individual regions.
The report throws light on the historical and current market scenarios and provides a concise year-over-year growth rate of the global Carmine market.
The report further presents current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
The report further examines the market in key regions of the world with respect to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of leading players in the regions. The report also covers the expansion plans undertaken by the companies in the regions under the regional analysis section.
Key market regions include:
Rest of EU
Rest of APAC
Rest of Latin America
Middle East and Africa
United Arab Emirates
Rest of MEA
Key questions addressed in the report:
Who are the major players in the Carmine industry?
Which region is expected to dominate the market in the coming years?
What are the main applications of Carmine?
Which segment is expected to gain ground in the coming years?
What are the main strategies adopted by the main players in the market?
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