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Carmine Market

Publisher Grand View Research
Published Jan 15, 2026
Length 80 Pages
SKU # GV20873423

Description

Carmine Market Summary

The global carmine market size was estimated at USD 18,521.6 million in 2025 and is projected to reach USD 29,570.8 million by 2033, growing at a CAGR of 6.2% from 2026 to 2033. The market is driven by the growing consumer preference for natural and clean-label food ingredients.

As awareness of the potential health and environmental impacts of synthetic colorants increases, food and beverage manufacturers are actively reformulating products to replace artificial dyes with naturally derived alternatives. Carmine, being a natural colorant with strong red hues, benefits from this shift, particularly in applications where label transparency and ingredient authenticity influence purchasing decisions. Another key driver is the superior performance characteristics of carmine compared to many other natural red colorants. Carmine offers excellent heat, light, and pH stability, making it suitable for a wide range of food processing conditions, including baking, confectionery manufacturing, and dairy processing. These functional advantages allow manufacturers to achieve consistent coloration without compromising product quality, supporting continued demand despite the availability of alternative natural colors.

In addition, the expansion of processed food, beverage, and confectionery industries globally is supporting carmine consumption. Growth in premium confectionery, bakery products, flavored dairy items, and beverages has increased the need for reliable natural color solutions. In emerging markets, rising disposable incomes and urbanization are driving demand for visually appealing packaged foods, further reinforcing the role of carmine as a preferred natural red colorant in commercial food formulations.

Global Carmine Market Report Segmentation

This report forecasts volume & revenue growth at the global level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the global carmine market report based on application, and region:
  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2033)
  • Bakery & Confectionery
  • Dairy & Frozen Products
  • Meat Products
  • Oil & Fat
  • Fruits & Vegetables
  • Other Application
  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2033)
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Latin America
  • Brazil
  • Argentina
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
Please note The report will be delivered in 4-8 business days upon order notification.

Table of Contents

80 Pages
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Product & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Estimation & Data Visualization
1.6. List of Data Products
Chapter 2. Executive Summary
2.1. Market Outlook, 2025 (USD Million)
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Magnesium Oxide Market Variables, Trends & Scope
3.1. Market Lineage/Ancillary Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Sales Channel Analysis
3.2.2. Manufacturing Trends/Technological Advancements
3.2.3. Raw Product Trends
3.3. Price Trend Analysis, 2018-2033 (USD/KG)
3.3.1. Key Factors Influencing Prices
3.4. Regulatory Framework
3.4.1. Analyst Perspective
3.4.2. Regulations & Standards
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Opportunities
3.5.4. Industry Challenges
3.6. Other Business Applications Tools Analysis: Magnesium Oxide Market
3.6.1. Porter’s Five Forces Analysis
3.6.1.1. Bargaining Power of Suppliers
3.6.1.2. Bargaining Power of Buyers
3.6.1.3. Threat of Substitution
3.6.1.4. Threat of New Entrants
3.6.1.5. Competitive Rivalry
3.6.2. PESTLE Analysis
3.6.2.1. Political Landscape
3.6.2.2. Economic Landscape
3.6.2.3. Social Landscape
3.6.2.4. Polymer Product Landscape
3.6.2.5. Other Applications Landscape
3.6.2.6. Legal Landscape
Chapter 4. Magnesium Oxide Market: Product Estimates & Trend Analysis
4.1. Key Takeaways
4.2. Product Movement Analysis & Market Share, 2025 & 2033
4.3. Global Magnesium Oxide Market by Product, 2018 - 2033 (Kilotons) (USD Million)
4.4. Dead Burned Magnesia (DBM)
4.4.1. Magnesium Oxide Market Estimates and Forecasts, for Dead Burned Magnesia (DBM), 2018-2033 (Kilotons)
4.5. Caustic Calcined Magnesia (CCM)
4.5.1. Magnesium Oxide Market Estimates and Forecasts, for Caustic Calcined Magnesia (CCM), 2018-2033 (Kilotons) (USD Million)
4.6. Fused/Electrofused MgO
4.6.1. Magnesium Oxide Market Estimates and Forecasts, for Fused/Electrofused MgO, 2018-2033 (Kilotons)
Chapter 5. Magnesium Oxide Market: Application Estimates & Trend Analysis
5.1. Key Takeaways
5.2. Application Movement Analysis & Market Share, 2025 & 2033
5.3. Global Magnesium Oxide Market by Application, 2018 - 2033 (Kilotons) (USD Million)
5.4. Agriculture
5.4.1. Magnesium Oxide Market Estimates and Forecasts, for Agriculture, 2018-2033 (Kilotons)
5.5. Industrial
5.5.1. Magnesium Oxide Market Estimates and Forecasts, for Industrial, 2018-2033 (Kilotons)
5.6. Building and Construction
5.6.1. Magnesium Oxide Market Estimates and Forecasts, for Building and Construction, 2018-2033 (Kilotons)
5.7. Pharmaceuticals
5.7.1. Magnesium Oxide Market Estimates and Forecasts, for Pharmaceuticals, 2018-2033 (Kilotons)
5.8. Environmental (FGD, Wastewater, Flue Gas)
5.8.1. Magnesium Oxide Market Estimates and Forecasts, for Environmental (FGD, Wastewater, Flue Gas), 2018-2033 (Kilo Tons)
5.9. Other Applications
5.9.1. Magnesium Oxide Market Estimates and Forecasts, for Other Applications, 2018-2033 (Kilotons)
Chapter 6. Magnesium Oxide Market: Regional Estimates & Trend Analysis
6.1. Key Takeaways
6.2. Regional Market Share Analysis, 2025 & 2033
6.3. North America
6.3.1. North America Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.3.2. North America Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.3.3. North America Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.3.4. U.S.
6.3.4.1. U.S. Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.3.4.2. U.S. Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.3.4.3. U.S. Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.3.5. Canada
6.3.5.1. Canada Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.3.5.2. Canada Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.3.5.3. Canada Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.3.6. Mexico
6.3.6.1. Mexico Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.3.6.2. Mexico Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.3.6.3. Mexico Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.4. Europe
6.4.1. Europe Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.4.2. Europe Magnesium Oxide Market Estimates and Forecasts, Product, 2018 - 2033 (Kilotons) (USD Million)
6.4.3. Europe Magnesium Oxide Market Estimates and Forecasts, Application, 2018 - 2033 (Kilotons) (USD Million)
6.4.4. Germany
6.4.4.1. Germany Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.4.4.2. Germany Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.4.4.3. Germany Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.4.5. UK
6.4.5.1. UK Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.4.5.2. UK Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.4.5.3. UK Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.4.6. France
6.4.6.1. France Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.4.6.2. France Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.4.6.3. France Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.4.7. Italy
6.4.7.1. Italy Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.4.7.2. Italy Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.4.7.3. Italy Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.4.8. Spain
6.4.8.1. Spain Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.4.8.2. Spain Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.4.8.3. Spain Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.5. Asia Pacific
6.5.1. Asia Pacific Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.5.2. Asia Pacific Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.5.3. Asia Pacific Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.5.4. China
6.5.4.1. China Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.5.4.2. China Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.5.4.3. China Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.5.5. India
6.5.5.1. India Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.5.5.2. India Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.5.5.3. India Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.5.6. Japan
6.5.6.1. Japan Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.5.6.2. Japan Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.5.6.3. Japan Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.5.7. South Korea
6.5.7.1. South Korea Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.5.7.2. South Korea Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.5.7.3. South Korea Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.6. Middle East & Africa
6.6.1. Middle East & Africa Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.6.2. Middle East & Africa Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.6.3. Middle East & Africa Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.6.4. Saudi Arabia
6.6.4.1. Saudi Arabia Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.6.4.2. Saudi Arabia Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.6.4.3. Saudi Arabia Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.6.5. South Africa
6.6.5.1. South Africa Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.6.5.2. South Africa Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.6.5.3. South Africa Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.7. Latin America
6.7.1. Latin America Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.7.2. Latin America Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.7.3. Latin America Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.7.4. Brazil
6.7.4.1. Brazil Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.7.4.2. Brazil Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.7.4.3. Brazil Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
6.7.5. Argentina
6.7.5.1. Argentina Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
6.7.5.2. Argentina Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
6.7.5.3. Argentina Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
Chapter 7. Competitive Landscape
7.1. Key Players, their Recent Developments, and their Impact on Industry
7.2. Competition Categorization
7.3. Company Market Position Analysis
7.4. Company Heat Map Analysis
7.5. Strategy Mapping, 2025
7.6. Company Listing
7.6.1. Israel Chemical Ltd. (ICL)
7.6.1.1. Company Overview
7.6.1.2. Financial Performance
7.6.1.3. Product Type Benchmarking
7.6.2. Martin Marietta Magnesia Specialties
7.6.2.1. Company Overview
7.6.2.2. Financial Performance
7.6.2.3. Product Type Benchmarking
7.6.3. Premier Magnesia
7.6.3.1. Company Overview
7.6.3.2. Financial Performance
7.6.3.3. Product Type Benchmarking
7.6.4. Grecian Magnesite
7.6.4.1. Company Overview
7.6.4.2. Financial Performance
7.6.4.3. Product Type Benchmarking
7.6.5. NEDMAG B.V.
7.6.5.1. Company Overview
7.6.5.2. Financial Performance
7.6.5.3. Product Type Benchmarking
7.6.6. Magnezit Group
7.6.6.1. Company Overview
7.6.6.2. Financial Performance
7.6.6.3. Product Type Benchmarking
7.6.7. Haicheng Guangling Refractory Manufacturing Co. LTD
7.6.7.1. Company Overview
7.6.7.2. Financial Performance
7.6.7.3. Product Type Benchmarking
7.6.8. YINGKOU MAGNESITE CHEMICAL IND GROUP CO., LTD
7.6.8.1. Company Overview
7.6.8.2. Financial Performance
7.6.8.3. Product Type Benchmarking
7.6.9. Bhavani Chemicals
7.6.9.1. Company Overview
7.6.9.2. Financial Performance
7.6.9.3. Product Type Benchmarking
7.6.10. Ube Material Industries Ltd
7.6.10.1. Company Overview
7.6.10.2. Financial Performance
7.6.10.3. Product Type Benchmarking

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