Carmoisine Market Share Set for Broad Growth by 2024

Carmoisine Market
Carmoisine Market

Global Carmoisine Market: Overview

Carmoisine is a form of synthetic food dye. It may be in the liquid or powder form and is red or maroon in color. Carmoisine has high stability and long shelf life property which makes it easy to store. They are mainly used for the coloring of food and beverages and are also used in cosmetics and pharmaceuticals. Coloring the products makes them more attractive to the consumers which help to acquire more buyers for the product.

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Global Carmoisine Market: Segmentation

The global carmoisine market is segmented into its form, application, and geography. On the basis of form type, the carmoisine market is divided into suspension, syrup, and powder. Based on application, the market is segregated into food and beverages which include cheese, soda, jellies, dry fruits, jams, and others; chemicals which further includes coloring agent, dyes and lakes and staining agent; personal care and toiletries further classified into bath soaps, shampoos and conditioners, toothpastes, hair gels and hair oils, and pharmaceutical applications. Diversification of the market on the basis of geography is seen in Europe, North America, Asia-Pacific, Latin America, and the Middle East and Africa.

Global Carmoisine Market: Growth Factors

The carmoisine market is a growing market owing to factors such as a rise in demand for the food colorants in many countries, the inclination of the manufacturers to developing more long-lasting, appealing, and longer shelf life food colorants. Carmoisine is mainly used to color foods especially commodities such as energy drinks, candies, sugar gummies, and juices to make them more appealing and attractive to the consumers. They are also used in the coloring of cosmetic products such as colored lip balms, lipsticks, nail paints, and others. However, owing to the harmful effects of excessive use of carmoisine the manufacturers are slowing reducing its application in their products. This may cause a hindrance to the market growth of carmoisine.

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Global Carmoisine Market: Regional Analysis

Geographically, the carmoisine market is divided into North America, Latin America, Asia-Pacific, Europe and the Middle East and Africa of which the largest market share is held by the Asia Pacific. This can be attributed to the increased application of carmoisine as food colorant among the beverage and food manufacturers and large-scale production of carmoisine products such as carmoisine dyes. Growth can be specifically seen in countries such as China, Japan, and India. Following the Asia Pacific in its footsteps is Latin America. Growing demand for longer shelf life, food colorants, and high stability in Latin America has boosted the market growth in this region. Other regions contributing a moderate share to the market growth include North America, Europe, and the Middle East and Africa.

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Global Carmoisine Market: Competitive Players

Some of the major companies in the global carmoisine market include Dynamic Products Ltd., Matrix Pharma-Chem (I) Pvt. Ltd., Neelikon Food Colours & Chemicals Ltd., Ajanta Chemical Industries, Vinayak Ingredients (India) Pvt. Ltd. and, National Foods (Pvt.) Ltd.

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