Global carmine market has been witnessing strong growth over the past few years on account of increasing demand for natural food colors and the trend is expected to continue over the forecast period. Rising demand from food & beverage industry is the key factor to drive the market over the next seven years. Increasing health concerns coupled with stringent regulations to reduce the usage of artificial colorants in foods & beverages is further expected to complement the market growth over the projected period. Moreover, rising application scope of carmine in cosmetics and pharmaceuticals is anticipated to boost the market demand in near future. Government bodies such as FDA support the usage of carmine in wide range of foods products and drugs, and this is one of the key factors anticipated to augment market growth over the next seven years. In addition, strong demand from textile industry for carmine as a dyeing agent is likely to have a positive impact on carmine market’s future growth. Increasing awareness in developed countries including U.S., UK, Germany, and Japan towards harmful effects and consequences of synthetic colors is anticipated to boost the carmine demand over the foreseeable period. However, major industries have been shifting their demand towards other substitute colorants owing to volatile carmine prices, which is expected to inhibit the market growth over the forecast period.
Carmine is available in various types such as color-based including pink, gold, purple, high tint, blue shade, carminic acid, solution and blend. Major applications of carmine include bakery & confectionery, beverages, cosmetics, dairy & frozen products, meat products, drugs, and textile dyes among many others. Dairy & frozen products was the major application segment for carmine market owing to its increased use in dairy products such as butter, cheese, ghee, ice creams and many more. Bakery and confectionery is the second major market for carmine followed by cosmetics and drugs.
Major end-use industries of the market include food & beverages, personal care & cosmetics, medical & pharmaceuticals, textiles and other niche industries like printing inks, crayons, show polishes, and floor waxes. Food & beverages industry was the major end-use industry for carmine market over the past few years and the trend is expected to continue over the forecast period. Rising demand for carmine as a food colorant is the key factor to drive the market in this industry. Personal care & cosmetics industry was the second major industry for the market owing to its increasing application in lipsticks, foundations, hair colors, dyes, and in other cosmetic products. Pharmaceutical & medical industry has been witnessing significant growth for carmine market owing to strong support from FDA to use carmine in various medicines and drugs.
Europe was the largest regional market for carmine in 2013 and the trend is expected to continue over the forecast period. Stringent regulations from European government to ban the usage of synthetic colors and import of food products made from synthetic colorants are the key factor to drive the market in this region. Asia Pacific and North America are expected to witness strong growth over the forecast period on account of increasing demand for natural colorants in food & beverage industry. Key players in carmine market include Amerilure, Inc., Danone S.A., GNT Group, The Hershey Company, DDW Color House, Sensient Colors Europe GmbH and Proquimac.
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