Global Indigo Carmine Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Carmine, often called cochineal extract, is a crimson or purplish-red pigment derived from the shell of the female cochineal insect. It's widely used as a food colouring to bring out an ingredient's flavour and colour. Cochineal extract is precipitated, then aluminium and calcium ions are added. Carmine can be found in cake icings, fillings, yoghurt, gelatin, alcoholic beverages, gelatin desserts, meat, processed foods, sweets, and ice creams. Powder, crystal, and liquid forms are all available. It's also used to enhance the colour vibrancy and intensity of cosmetics such as nail polish.

Data Bridge Market Research analyses that the indigo carmine market which was USD 30.33 billion in 2021, would rocket up to USD 62.10 billion by 2029, and is expected to undergo a CAGR of 9.37% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Market Definition

Carmine is a colour pigment derived from beetles and bugs that is sun dried before being mixed with natural minerals to create powder, liquid, or crystal form. These are cochineal extracts produced from cochineal bug scales found on coccus cactus, to make it seem more appropriate. The final extraction produces a magnificent deep red pigment that is used in a number of goods.

Indigo carmine Market Dynamics

Drivers

• Usage of Indigo carmine dye

The intra-operative use of indigo carmine dye for delineating ill-defined tumour borders utilising stereotactic injection will also be a driving element, in the forecast period of 2022-2029. Other factors boosting the market includes the use of indigo carmine in chromoendoscopy of the colon following oral administration.

• Expanding population's need for untainted products

Market demand will be accelerated by the expanding population's need for untainted products. The pharmaceutical and cosmetic sectors' growing emphasis on the adoption and use of naturally derived and processed colour replacements will also help drive market expansion. A significant shift toward health caution against artificial pigments and food derivatives is likely to drive important industrial growth.

• Demand of Indigo dye

The rising demand for processed meat will generate new chances for the indigo carmine market during the projected period of 2022-2029. During the forecast period, the indigo carmine market will be driven by the rapidly expanding food and beverage sector's rising usage of natural food additives over artificial ones and the use of organic cum natural replacements in the cosmetics industry.

Opportunities

The market is predicted to grow due to rising health awareness about artificial food additives and the colours used in production and increased demand for naturally derived carmine and technical advancements. In addition, continued R&D by the government and commercial enterprises for low-cost carmine market growth.

Restraints/Challenges

High cost of carmine extraction and processing, will limit market expansion. The availability of substitutes on the market and their low prices, as well as a lack of awareness challenge in emerging countries, may also limits the market expansion.

This indigo carmine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the indigo carmine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Indigo carmine Market Scope

The indigo carmine market is segmented on the basis of product type, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Product Type I
• Product Type II
• Product Type III

Application

• Food Colorant
• PH Indicator

Indigo carmine Market Regional Analysis/Insights

The indigo carmine market is analysed and market size insights and trends are provided by country, product type, application as referenced above.

The countries covered in the indigo carmine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to grow during the forecast period of 2022-2029.

Asia-Pacific is dominating the Indigo carmine market from 2022 to 2029, owing to rising demand for food and beverage, cosmetics, and natural food additives in the region and rising urbanization.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Indigo carmine Market Share Analysis

The indigo carmine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to indigo carmine market.

Some of the major players operating in the indigo carmine market are:

• Gogia Chemicals Industries Private Limited (China)
• Wuxi Ding Tai Chemical Co., Ltd (China)
• Kelco Chemicals Co.,Ltd (China)
• MOLBASE (China)
• Beijing Chemical Factory (China)
• Damao Chemical Reagent Factory (China)
• ChinaChemNet.com Corporation (China)
• Chinasun Specialty Products Co., Ltd (China)
• Tianjin Baishi Chemical Co., Ltd. (China)
• Beijing Hengye Zhongyuan Chemical Co., Ltd. (China)
• Wenzhou Dongsheng Chemical Reagent Factory (China)
• Damao Chemical Reagent Factory (China)
• Loudi Kechuang Chemical Reagent Co., Ltd. (China)
• Asim Products (India)

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