Carmoisine Market

Global Carmoisine Market Size (2024 to 2029)

The Carmoisine Market size is expected to be worth USD 613.53 billion in 2024 and is expected to reach over USD 751.13 billion in 2029, recording a CAGR of 4.13% throughout the forecast period 2024 to 2029.

Carmoisine Market Drivers and Restraints

The growth of the Global Carmoisine Market is driven by the food and beverage industry, such as nuts, cheese, and some alcoholic beverages, as they are cheap to produce and more stable than most food natural colors.

The main factors limiting the global market for carmoisine are due to studies that have shown that the consumption of this can cause allergies, rhinitis and hives, respiratory problems, hives, swelling of the skin, especially for people sensitive to benzoic and salicylic acid. They also cause asthma and the formation of neurodermatitis. It also causes intolerance reactions in people who are intolerant to aspirin. Carmoisine can also cause other skin rashes such as hives and fluid retention. Due to its setbacks, carmoisine was only used externally in medicines and cosmetics in 1939. In 2010, the European Parliament made a decision that affected all member states of the European Union with the addition of E122 and other colors in food products must carry warnings on food labels stating "may interfere with activities and attention of children" to avoid this. It is used in the pharmaceutical industries only as an excipient in medicines and is not authorized for any other use. Food and beverage manufacturers are moving toward adding natural and non-synthetic color substitutes to food and beverage and pharmaceutical products.

REPORT COVERAGE

Carmoisine Market Detailed Segmentation Analysis

This market is segmented by application and by type. By application, the market is segmented into

• Food and Beverages
• Chemicals
• Pharmaceuticals
• Personal care & toiletries

Food and beverages is further sub-segmented into

• Confectionery
• Cheese
• Dried Fruit
• Soda
• Jams
• Jellies
• Alcoholic Beverages
• Bakery Products

Chemicals are further sub-segmented into Colouring agent, Dyes and lakes, staining agent. Personal care & toiletries are further sub-segmented into Shampoos & Conditioners, Bath Soaps, Hair gels & Hair oils, Toothpaste, aftershave, Shower gel, others. By type, the market is segmented into Powdered, Syrup, and suspension.

Carmoisine Market Regional Insights

Carmoisine Market has been segmented on the basis of geography to offer a clear understanding of the business, the worldwide market has been studied in four regions of

• North America
• Asia Pacific
• Europe
• Latin America
• the Middle East and Africa

the Asia Pacific accounted for the prominent share among other regions in this world. This can be attributed to the increased application of carmoisine as a food coloring among food and beverage manufacturers and to the large-scale production of carmoisine products such as colorants. The growth is particularly visible in countries like China, Japan, and India. Latin America is in the footsteps of the Asia Pacific. The growing demand for longer shelf life, food colors, and high stability in Latin America has driven market growth in this area. Other regions that contribute moderately to the market growth are North America, Europe, and the Middle East, and Africa.

Carmoisine Market Key Players

1. Neelikon Food Colours & Chemicals Ltd.
2. Dynamic Products Ltd.
3. Matrix Pharma-Chem (I) Pvt. Ltd.
4. Ajanta Chemical Industries
5. Vinayak Ingredients (India) Pvt. Ltd.
6.  National Foods (Pvt.) Ltd.

RECENT HAPPENINGS IN THE MARKET

• Arbor Investments announced that it has completed the acquisition of the private label business of Mars Petcare US, Inc. The company manufactures private label pet food and processing products for several national retail clients. The acquisition includes five manufacturing plants in the USA. With the closing of the transaction, Exclusive Brands was relaunched under the name Red Collar Pet Foods.
• GNT Group, a renowned food colors provider, has started its new affiliate office in the Gulf Cooperation Council (GCC) region of the Middle East, located in Dubai. Food and beverage manufacturers located in the GCC region (which includes Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain) need to prepare for the major regulatory changes that lie ahead. The Gulf Cooperation Council recently announced abouts its latest legislation GSO 2500/2015 related to the usage of food additives, which should be in compliance with international norms.
• Emirates, Qatar, Kuwait, Oman, and Bahrain) need to prepare for the major regulatory changes that lie ahead. The Gulf Cooperation Council recently announced abouts its latest legislation GSO 2500/2015 related to the usage of food additives, which should be in compliance with international norms.