Carmine Market Size, Share & Trends Analysis Report By Application (Beverages, Bakery & Confectionery, Dairy & Frozen Products, Meat, Oil & Fat), By Region, And Segment Forecasts, 2018 - 2025

Published: Aug, 2018 | Pages: 82 | Publisher: Grand View Research
Industry: Food & Beverages | Report Format: Electronic (PDF)

The global carmine market size is expected to reach USD 26.0 million by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a 5.8% CAGR in terms of revenue over the forecast period. 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.

Further key findings from the report suggest:

• Bakery and confectionery accounted for around 22.7% of revenue share in 2017 owing to increasing usage in production of pastries, cupcakes, muffins, specialty baked goods, and candies

• Carmine in meat products is expected to witness a 4.1% CAGR from 2018 to 2025 in terms of revenue owing to development of new formulations with improved heat stability useful in meat preparations at high temperatures

• Europe accounted for a significant revenue share of carmine market in 2017 on account of demand from producers of novel beverages such as juices, health drinks, and dairy and frozen products including ice creams and yogurts

• U.S. is expected to expand at a steady CAGR in terms of revenue owing to rising adoption in ready-to-eat foods with presence of major players such as Nestle, Kellogg's, H.J Heinz, and ConAgra

• Companies catering to the international market distribute carmine through dedicated direct, indirect, and online distribution channels. Raw material suppliers play a major role in enabling availability of cochineal bugs as production is concentrated in Peru.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Research methodology
                    1.2. Research scope & assumptions
                    1.3. List of data sources
Chapter 2. Executive Summary
                    2.1. Market snapshot
Chapter 3. Carmine Market Variables, Trends & Scope
                    3.1. Carmine - Market segmentation
                    3.2. Carmine market - Penetration and growth prospect mapping
                    3.3. Carmine - Value chain analysis
                    3.4. Raw material outlook
                    3.5. Carmine - Future trends
                    3.6. Regulatory framework
                    3.7. Carmine - Market dynamics
                         3.7.1. Market driver analysis
                              3.7.1.1. Growing demand for processed meat
                              3.7.1.2. Growth of food industry
                         3.7.2. Market restraint analysis
                              3.7.2.1. High price of carmine as compared to substitutes
                    3.8. Carmine market - Porter's analysis
                    3.9. Carmine market - PESTEL analysis
Chapter 4. Carmine Market: Application Estimates & Trend Analysis
                    4.1. Carmine market: Application movement analysis, 2017 & 2025
                    4.2. Bakery & Confectionery
                         4.2.1. Market estimates and forecasts in bakery & confectionery, 2014 - 2025 (Tons) (USD Thousand)
                    4.3. Beverages
                         4.3.1. Market estimates and forecasts in beverages, 2014 - 2025 (Tons) (USD Thousand)
                    4.4. Dairy & frozen products
                         4.4.1. Market estimates and forecasts in dairy & frozen products, 2014 - 2025 (Tons) (USD Thousand)
                    4.5. Meat products
                         4.5.1. Market estimates and forecasts in meat products, 2014 - 2025 (Tons) (USD Thousand)
                    4.6. Oil & Fat
                         4.6.1. Market estimates and forecasts in oil & fat, 2014 - 2025 (Tons) (USD Thousand)
                    4.7. Fruits & vegetables
                         4.7.1. Market estimates and forecasts in fruits & vegetables, 2014 - 2025 (Tons) (USD Thousand)
                    4.8. Other food products
                         4.8.1. Market estimates and forecasts in other food products, 2014 - 2025 (Tons) (USD Thousand)
Chapter 5. Carmine Market: Regional Estimates & Trend Analysis
                    5.1. Carmine market: Regional movement analysis, 2017 & 2025
                    5.2. North America
                         5.2.1. Market estimates and forecasts, 2014 - 2025 (Tons) (USD Million)
                         5.2.2. Market estimates and forecasts, by application, 2014 - 2025 (Tons) (USD Million)
                         5.2.3. The U.S.
                              5.2.3.1. Market estimates and forecasts, 2014 - 2025 (Tons) (USD Million)
                              5.2.3.2. Market estimates and forecasts, by application, 2014 - 2025 (Tons) (USD Million)
                         5.2.4. Canada
                              5.2.4.1. Market estimates and forecasts, 2014 - 2025 (Tons) (USD Million)
                              5.2.4.2. Market estimates and forecasts, by application, 2014 - 2025 (Tons) (USD Million)
                         5.2.5. Mexico
                              5.2.5.1. Market estimates and forecasts, 2014 - 2025 (Tons) (USD Million)
                              5.2.5.2. Market estimates and forecasts, by application, 2014 - 2025 (Tons) (USD Million)
                    5.3. Europe
                         5.3.1. Market estimates and forecasts, 2014 - 2025 (Tons) (USD Million)
                         5.3.2. Market estimates and forecasts, by application, 2014 - 2025 (Tons) (USD Million)
                         5.3.3. Germany
                              5.3.3.1. Market estimates and forecasts, 2014 - 2025 (Tons) (USD Million)
                              5.3.3.2. Market estimates and forecasts, by application, 2014 - 2025 (Tons) (USD Million)
                         5.3.4. U.K.
                              5.3.4.1. Market estimates and forecasts, 2014 - 2025 (Tons) (USD Million)
                              5.3.4.2. Market estimates and forecasts, by application, 2014 - 2025 (Tons) (USD Million)
                    5.4. Asia Pacific
                         5.4.1. Market estimates and forecasts, 2014 - 2025 (Tons) (USD Million)
                         5.4.2. Market estimates and forecasts, by application, 2014 - 2025 (Tons) (USD Million)
                         5.4.3. China
                              5.4.3.1. Market estimates and forecasts, 2014 - 2025 (Tons) (USD Million)
                              5.4.3.2. Market estimates and forecasts, by application, 2014 - 2025 (Tons) (USD Million)
                         5.4.4. India
                              5.4.4.1. Market estimates and forecasts, 2014 - 2025 (Tons) (USD Million)
                              5.4.4.2. Market estimates and forecasts, by application, 2014 - 2025 (Tons) (USD Million)
                         5.4.5. Japan
                              5.4.5.1. Market estimates and forecasts, 2014 - 2025 (Tons) (USD Million)
                              5.4.5.2. Market estimates and forecasts, by application, 2014 - 2025 (Tons) (USD Million)
                    5.5. Central & South America
                         5.5.1. Market estimates and forecasts, 2014 - 2025 (Tons) (USD Million)
                         5.5.2. Market estimates and forecasts, by application, 2014 - 2025 (Tons) (USD Million)
                         5.5.3. Brazil
                              5.5.3.1. Market estimates and forecasts, 2014 - 2025 (Tons) (USD Million)
                              5.5.3.2. Market estimates and forecasts, by application, 2014 - 2025 (Tons) (USD Million)
                    5.6. Middle East & Africa
                         5.6.1. Market estimates and forecasts, 2014 - 2025 (Tons) (USD Million)
                         5.6.2. Market estimates and forecasts, by application, 2014 - 2025 (Tons) (USD Million)
Chapter 6. Competitive Landscape
                    6.1. Vendor landscape
                    6.2. Competitive environment
                    6.3. Competitive market positioning
                    6.4. Strategic framework
                    6.5. Heat map analysis
Chapter 7. Company Profiles
                    7.1. Chr. Hansen Holding A/S
                         7.1.1. Company overview
                         7.1.2. Financial performance
                         7.1.3. Product benchmarking
                         7.1.4. Strategic initiatives
                    7.2. Naturex
                         7.2.1. Company overview
                         7.2.2. Financial performance
                         7.2.3. Product benchmarking
                         7.2.4. Strategic initiatives
                    7.3. Sensient Technologies Corporation
                         7.3.1. Company overview
                         7.3.2. Financial performance
                         7.3.3. Product benchmarking
                         7.3.4. Strategic initiatives
                    7.4. Roha Dyechem Pvt. Ltd.
                         7.4.1. Company Overview
                         7.4.2. Financial performance
                         7.4.3. Product benchmarking
                    7.5. Diana Naturals
                         7.5.1. Company overview
                         7.5.2. Financial performance
                         7.5.3. Product benchmarking
                    7.6. DDW The Color House
                         7.6.1. Company overview
                         7.6.2. Financial performance
                         7.6.3. Product benchmarking
                         7.6.4. Strategic initiatives
                    7.7. The Hershey Company
                         7.7.1. Company overview
                         7.7.2. Financial performance
                         7.7.3. Product benchmarking
                         7.7.4. Strategic initiatives
                    7.8. GNT Group B.V.
                         7.8.1. Company overview
                         7.8.2. Financial performance
                         7.8.3. Product benchmarking
                         7.8.4. Strategic initiatives
                    7.9. BioconColors
                         7.9.1. Company overview
                         7.9.2. Financial performance
                         7.9.3. Product benchmarking
                         7.9.4. Strategic initiatives
                    7.10. ColorMaker, Inc.
                         7.10.1. Company overview
                         7.10.2. Financial performance
                         7.10.3. Product benchmarking
                         7.10.4. Strategic initiatives

List of Tables

1. Carmine market - Cost analysis
2. Carmine market estimates and forecasts in bakery & confectionery, 2014 - 2025 (Tons) (USD Thousand)
3. Carmine market estimates and forecasts in beverages, 2014 - 2025 (Tons) (USD Thousand)
4. Carmine market estimates and forecasts in dairy & frozen products, 2014 - 2025 (Tons) (USD Thousand)
5. Carmine market estimates and forecasts in meat products, 2014 - 2025 (Tons) (USD Thousand)
6. Carmine market estimates and forecasts in oil & fat, 2014 - 2025 (Tons) (USD Thousand)
7. Carmine market estimates and forecasts in fruits & vegetables, 2014 - 2025 (Tons) (USD Thousand)
8. Carmine market estimates and forecasts in food, 2014 - 2025 (Tons) (USD Thousand)
9. North America carmine market estimates and forecasts, 2014 - 2025 (Tons) (USD Thousand)
10. North America carmine market estimates and forecasts, by application, 2014 - 2025 (Tons)
11. North America carmine market estimates and forecasts, by application, 2014 - 2025 (USD Thousand)
12. U.S. carmine market estimates and forecasts, 2014 - 2025 (Tons) (USD Thousand)
13. U.S. carmine market estimates and forecasts, by application, 2014 - 2025 (Tons)
14. U.S. carmine market estimates and forecasts, by application, 2014 - 2025 (USD Thousand)
15. Canada carmine market estimates and forecasts, 2014 - 2025 (Tons) (USD Thousand)
16. Canada carmine market estimates and forecasts, by application, 2014 - 2025 (Tons)
17. Canada carmine market estimates and forecasts, by application, 2014 - 2025 (USD Thousand)
18. Mexico carmine market estimates and forecasts, 2014 - 2025 (Tons) (USD Thousand)
19. Mexico carmine market estimates and forecasts, by application, 2014 - 2025 (Tons)
20. Mexico carmine market estimates and forecasts, by application, 2014 - 2025 (USD Thousand)
21. Europe carmine market estimates and forecasts, 2014 - 2025 (Tons) (USD Thousand)
22. Europe carmine market estimates and forecasts, by application, 2014 - 2025 (Tons)
23. Europe carmine market estimates and forecasts, by application, 2014 - 2025 (USD Thousand)
24. Germany carmine market estimates and forecasts, 2014 - 2025 (Tons) (USD Thousand)
25. Germany carmine market estimates and forecasts, by application, 2014 - 2025 (Tons)
26. Germany carmine market estimates and forecasts, by application, 2014 - 2025 (USD Thousand)
27. U.K. carmine market estimates and forecasts, 2014 - 2025 (Tons) (USD Thousand)
28. U.K. carmine market estimates and forecasts, by application, 2014 - 2025 (Tons)
29. U.K. carmine market estimates and forecasts, by application, 2014 - 2025 (USD Thousand)
30. Asia Pacific carmine market estimates and forecasts, 2014 - 2025 (Tons) (USD Thousand)
31. Asia Pacific carmine market estimates and forecasts, by application, 2014 - 2025 (Tons)
32. Asia Pacific carmine market estimates and forecasts, by application, 2014 - 2025 (USD Thousand)
33. China carmine market estimates and forecasts, 2014 - 2025 (Tons) (USD Thousand)
34. China carmine market estimates and forecasts, by application, 2014 - 2025 (Tons)
35. China carmine market estimates and forecasts, by application, 2014 - 2025 (USD Thousand)
36. India carmine market estimates and forecasts, 2014 - 2025 (Tons) (USD Thousand)
37. India carmine market estimates and forecasts, by application, 2014 - 2025 (Tons)
38. India carmine market estimates and forecasts, by application, 2014 - 2025 (USD Thousand)
39. Japan carmine market estimates and forecasts, 2014 - 2025 (Tons) (USD Thousand)
40. Japan carmine market estimates and forecasts, by application, 2014 - 2025 (Tons)
41. Japan carmine market estimates and forecasts, by application, 2014 - 2025 (USD Thousand)
42. Central & South America carmine market estimates and forecasts, 2014 - 2025 (Tons) (USD Thousand)
43. Central & South America carmine market estimates and forecasts, by application, 2014 - 2025 (Tons)
44. Central & South America carmine market estimates and forecasts, by application, 2014 - 2025 (USD Thousand)
45. Brazil carmine market estimates and forecasts, 2014 - 2025 (Tons) (USD Thousand)
46. Brazil carmine market estimates and forecasts, by application, 2014 - 2025 (Tons)
47. Brazil carmine market estimates and forecasts, by application, 2014 - 2025 (USD Thousand)
48. Middle East & Africa carmine market estimates and forecasts, 2014 - 2025 (Tons) (USD Thousand)
49. Middle East & Africa carmine market estimates and forecasts, by application, 2014 - 2025 (Tons)
50. Middle East & Africa carmine market estimates and forecasts, by application, 2014 - 2025 (USD Thousand)

List of Figures

1. Market snapshot
2. Market trends & outlook
3. Carmine - Market segmentation
4. Carmine market - Penetration and growth prospect mapping
5. Carmine market - Value chain analysis
6. Carmine - Market dynamics
7. Market driver analysis
8. Global processed meat market revenue, 2012 - 2016 (USD Million)
9. Global processed meat market, by region, 2016 (%)
10. Global processed meat market, by meat type, 2016 (%)
11. Asia Pacific food & beverage market, 2009 - 2014 (USD Billion)
12. Global packaged food market, 2014 - 2025 (Million Tons)
13. Market restraint analysis
14. Carmine market - Porter's analysis
15. Carmine market - PESTEL analysis
16. Carmine market - Price trend analysis, 2014 to 2025
17. Carmine market: Application movement analysis, 2017 & 2025
18. Regional market place: Key takeaways
19. Carmine market: Regional movement analysis, 2017 & 2025
20. Strategic framework