Health fears over artificial food additives, the colors used in the production of such additives, growth in need for naturally extracted carmine for processed food, and rise in demand for natural colors on account of health benefits & cost-effectiveness have fueled the growth of the global carmine market. On the other hand, slow adoption of carmine in developing nations, lack of awareness in undeveloped nations, and high cost associated with extraction of carmine on account of biotech processes have hindered the growth to some extent. Nevertheless, technological advancements in food industries and continuous R&D for deriving cost-effective carmine by private organizations and government have created multiple opportunities in the segment.

Request The Free Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/5247

Frontrunners in the market
Leading market players analyzed in the research include Hansen Holding A/S, Amerilure, DDW The Color House, Chr. Naturex, colorMaker, Inc., Roha, Sensient Colors LLC, Proquimac, The Hershey Company, and Biocon. They are expanding the scope of their business operations in the developing countries by incorporating cutting-edge products in their product portfolios.

Powder segment to remain dominant through 2025
Based on form, the powder segment contributed to more than three-fifth of the total market and also came out as the fastest growing segment, registering a CAGR of 7.1% during the forecast period. The increasing demand for non-toxic natural coloring ingredient used in the food industry has spurred the growth.