Carmine Market Size To Reach $29,570.8 Million By 2033

Carmine Market Growth & Trends

The global carmine market size is expected to reach USD 29,570.8 million by 2033, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.2% from 2026 to 2033. Increasing demand from food and beverage industry owing to its unique red color is the primary market driver. Unavailability of substitutes is expected to drive product demand in the forthcoming years.

Rising consumer awareness regarding harmful effects of synthetic food colors has resulted in increasing demand for carmine in bakery and confectionery products. In addition, use of natural colors as substitutes to synthetic red in novel beverages is expected to drive market growth over the forecast period.

Growth of food and beverage industry in developing economies, in light of increased domestic consumption, is anticipated to be a major factor driving the carmine market. Rising preference for natural food colors owing to their health benefits is expected to drive product demand from food and beverage manufacturers over the next eight years.

Factors such as raw material supply, price, and consumer demand, and regulatory trends widely influence the market for carmine. The insect harvesting process used for the production of carmine is laborious and requires a span of minimum three months. This results in tight raw material supply. As a result, the bargaining power of suppliers is high in the industry.

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Carmine Market Report Highlights

• The bakery & confectionery segment led the carmine industry with the largest revenue share of 30.1% in 2025.

• The Asia Pacific is expected to grow the fastest with a CAGR of 8.3% during the forecast period. Asia Pacific is the fastest-growing regional market for carmine, driven by rapid expansion of the food and beverage processing industry.

• The Europe carmine market accounted for the largest revenue share of 32.6% in 2025. The market is driven by strong demand for natural food colorants across bakery, confectionery, dairy, and processed food applications.

Carmine Market Segmentation

Grand View Research has segmented the global carmine market on the basis of type, application, and region:

Carmine Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2033)

• Bakery & Confectionery

• Dairy & Frozen Products

• Meat Products

• Oil & Fat

• Fruits & Vegetables

• Other Application

Carmine Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players of Carmine Market

• Chr. Hansen A/S

• Sensient Technologies Corporation

• Givaudan

• IMBAREX

• Roha Dyechem Pvt Ltd

• Naturex S.A.

• Kalsec Inc.

• GNT Group B.V.

• Kanto Chemical Co., Inc.

• Kishida Chemical Co., Ltd.

• Clariant AG

• ADM

• Döhler Group