(Food-Beverage-News.Com, January 29, 2018 ) The Global Carmoisine market size was around USD XX billion in 2017. It is expected to grow at a CAGR of XX% to reach USD XX billion by 2022. Carmoisine is a form of synthetic food dye. It may be in the liquid or powder form and is red or maroon in colour. It has high stability and relatively large shelf life which makes it easy for storage. They are primarily used for the colouring of food and beverages and are also utilized in cosmetics and pharmaceuticals. Colouring the products makes them more attractive to the consumers which help to acquire more buyers to the product.
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 colour 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 colouring of cosmetic products such as coloured 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.
This market is segmented by application and by type. By application the market is segmented into Food and Beverages, Chemicals, Pharmaceuticals, and Personal care & toiletries. Food and beverages is further sub-segmented into Confectionery, Cheese, Dried Fruit, Soda, Jams, Jellies, Alcoholic Beverages, Bakery products, and others. 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, Toothpastes, after shave, Shower gel, others. By type the market is segmented into Powdered, Syrup, and suspension.
By geography the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa. Asia Pacific is the market leader. It is because of the rising application of Carmoisine as food colorant among the beverage and food manufacturers and large scale production of Carmoisine products like Carmoisine dyes. Growth can be specifically seen in countries like China, Japan, and India. Latin America is the second largest market. Rising demand for longer shelf life, food colorants, and high stability in Latin America has driven the market growth in this region. Other regions contributing an average share to the market growth include North America, Europe, and the Middle East and Africa.
Major companies in the market include Neelikon Food Colours & Chemicals Ltd., Dynemic Products Ltd., Matrix Pharma-Chem (I) Pvt. Ltd., Ajanta Chemical Industries, Vinayak Ingredients (India) Pvt. Ltd. and, National Foods (Pvt.) Ltd.
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