The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Carmine market. The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans.
The global carmine market size is expected to reach USD 78.5 Billion at a steady revenue CAGR of 6.7% in 2030, according to a latest analysis by Emergen Research. Increase in demand for natural food ingredients and colorants can be attributed to the steady market revenue growth of carmine. Natural food ingredients and colorants have a number of advantages. Consumers who are concerned about their health are highly serious about the more-than-skin-deep aspect. Although they want it “natural,” they want the right color as well. Customers are worried about the impact of the foods and drinks they eat on their health and the health of their children. Beta-carotene, lutein, lycopene, anthocyanins, and flavanoid compounds from grape skin, blueberry, and bilberry, along with turmeric, are all potent antioxidant or anti-inflammatory compounds. For the majority of top ingredient suppliers, their inventories of naturally derived colorants are healthy. That is because the majority of plant and animal pigments serve as defense against UV light and oxygen’s negative effects.
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Some Key Highlights From the Report
- On 10 April 2022, the European Union announced that it will vote on the “Rouge Tree Food Pigment Use Regulations”, which fine-tunes several food categories of carmine and implements new labels. If approved, this regulation may affect European catering manufacturers and manufacturers exporting to Europe. Danish bioscience company Ke Hansen said that the new regulations may open new doors for the application of this pigment.
- The powder segment is expected to register a rapid revenue growth rate over the forecast period. This is attributed to the increasing use of carmine powder. Cochineal’s carmine powder is known as the best natural coloring due to its widespread use in the food industry to give colour to goods requiring a tone ranging from pink to deep red, such as sausages, syrups, sweets, jams, gums, industrial cakes, vegetable preserves, ice creams, and dairy products, such as red fruits and strawberry yoghurt or a few energy drinks and sausages. Meat, dairy, candy, alcoholic drinks, pharmaceuticals, textiles, historical artworks, high-end industrial paints (for buildings with luxury design or historical), as well as high-end cosmetics (lip tints, nail polish), are all products that contain cochineal’s powder.
Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
Market Taxonomy:
Chapter 1: Methodology & Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2:
Executive Summary
- Business trends
- Regional trends
- Product trends
- End-use trends
Chapter 3:
Industry Insights
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
Leadgenius, Duedil, Gryphon Networks, Everstring Technology, Zoho Corporation Pvt. Ltd., Discoverorg, Infogroup.com, Oracle, Clearbit, and Insideview.
Chapter 4:
Regional Landscape
Chapter 5:
Company Profile
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
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Emergen Research has segmented the global carmine market on the basis of form, application, end-use, and region:
- Form Outlook (Revenue, USD Million; 2019–2030)
- Powder
- Liquid
- Application Outlook (Revenue, USD Million; 2019–2030)
- Dairy & Frozen Products
- Food & Beverages
- Cosmetics
- Bakery & Confectionary
- Meat Products
- End-Use Outlook (Revenue, USD Million; 2019–2030)
- Food Processing Companies
- Beverage Industry
- Catering Industry
- Cosmetics & Pharmaceutical Industry
Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
Unfolding the prime factors prompting global market growth:
- The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Carmine market into a broad product spectrum.
- The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
- A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.
Global Carmine Market Geographical Landscape – Synopsis:
- The report closely studies the growth trajectory of the global Carmine market. It brings to light the global dominance of the leading regional segments.
- The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
- Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
Elucidating the competitive landscape of the Global Carmine Market:
- The global Carmine market report offers viable insights into the competitive spectrum of the Carmine business sphere.
- The report systematically profiles the company information of each market player.
- It identifies the estimated industry share, production facilities, development prospects, and geographies served by each market player.
- The study showcases the extensive product portfolios of the prominent market contenders.
- It offers critical data & information about the product application scope and the end-user landscape.
- The study provides salient information about the pricing models of the products offered by these companies. Moreover, it determines the gross profits and losses experienced by them throughout their market tenures.
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About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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