The new report by Expert Market Research titled, Global Carmine Market Report and Forecast 2021-2026’, gives an in-depth analysis global carmine market assessing the market based on form, application and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents: https://bit.ly/3OeGs7U
The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 20.37 Million
- Forecast CAGR (2021-2026): 5%
- Forecast Market Size (2026): USD 26 Million
Demand for naturally extracted carmine in processed foods and natural colors is on the rise since they are healthier and more cost-effective than synthetic alternatives. However, the market for carmine is being held back by a lack of adoption in poor countries, a lack of knowledge in underdeveloped countries, and the high cost of extracting carmine due to biotech methods. Technological advances in the food industry, as well as government and private sector research and development efforts to develop low-cost carmine, are projected to open new market opportunities in the near future.
Industry Definition and Major Segments
Insects that feed on Coccus cacti in semi-arid areas produce carmine, a colorant extracted from the female cochineal insects. The color is magenta or pinkish red, making it a useful coloring ingredient for meat and confectionery. Carmine can also be found in pharmaceutical and cosmetic products.
Read Full Report with Table of Contents: https://bit.ly/3HFJBLI
The market can be segmented on the basis of form as:
The market can be differentiated by application into:
- Dairy and Frozen Products
- Meat Products
- Bakery and Confectionery
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The cosmetics and pharmaceutical industries are expected to develop at the greatest rate of CAGR during the next five years. As far as application segments go, the cosmetics market is expected to grow at the fastest rate over the next several years. Carmine is mostly used in cosmetics to enhance colour vibrancy and shade intensity. It is utilized in personal care products as a natural colour. Makeup and cosmetics formulae can be coloured and tinted with this natural component. A rise in the number of women throughout the world using cosmetics and personal care products is expected to be a major driver of the market over the projected period.
In terms of revenue, it is predicted that Asia Pacific would have significant increase in the next years. Customer indignation against artificial items, increased media exposure, an improved administrative framework, and losses in market share and value have all contributed to the rapid acceptance of carmine and other characteristic added compounds by regional producers, among other things.
Key Market Players
The major players in the market are Amerilure Inc., BIOCONCOLORS, Vinayak Ingredients (India) Pvt. Ltd., Proquimac and among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
Company Name: Claight Corporation
Contact Person:-Ian Bell, Business Consultant
Email: [email protected]
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Country: United States
Read More Reports:
Global Electrical Steel Market: https://sjindependent.org/community/global-electrical-steel-market-to-be-driven-by-the-increasing-demand-from-the-automotive-sector-in-the-forecast-period-of-2022-2027/
Explore more on Procurement Intelligence services of EMR Inc.
**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.