Global Carmine Market Key Players Analysis, Company Profiles, Strategic Developments, Mergers, Product Innovations, Revenue Insights, and Future Forecasts
Description
Global Carmine Market Size and Forecast 2025-2033
The global carmine market is projected to expand from approximately US$ 51.76 million in 2025 to around US$ 85.40 million by 2033, reflecting a compound annual growth rate (CAGR) of 6.40% during the period from 2025 to 2033. This growth can be attributed primarily to the increasing demand for natural food colorants and the extensive applications of carmine within the food and cosmetic industries.
Carmine is a bright red pigment made from the crushed bodies of female cochineal insects, also known as cochineal or E120. Native mainly to Central and South America, these insects are collected and undergo a processing procedure to obtain the pigment, which has been used in art and textiles for hundreds of years.
Carmine gained high popularity due to its natural content and vivid color and is thus in high demand in many industries: food, cosmetics, and textiles. In the food and beverage industry, carmine offers a bright red appearance in yogurts, ice creams, soft drinks, and other products, usually positioned as a natural substitute for artificial colors. It is also used in cosmetic products, where the pigment gives color to lipsticks and blushes.
Due to ethical issues raised by insect-derived ingredients and the fast-growing demand for vegan-friendly products, the popularity of carmine has come under scrutiny and controversy. Nevertheless, its unique properties and versatility will ensure that carmine remains a notable player in the world of natural dyes, appealing to those seeking both aesthetic and natural solutions.
Top 5 Companies in the Carmine Market
Clariant AG
Establishment: 1995
Headquarters: Switzerland
Website: www.clariant.com
Clariant International Ltd, a subsidiary of Clariant AG, is a chemicals manufacturing company. The company produces and distributes specialty chemicals, fertilizers for different industries including agricultural, healthcare, personal care, and various other industries. Clariant International is based in Muttenz, Basel-Landschaft, Switzerland.
Hansen Holding A/S
Establishment: 1874
Headquarters: Denmark
Website: www.chr-hansen.com
Chr. Hansen Holding AS (Chr. Hansen) is a developer of natural ingredient solutions for the food, pharmaceutical, nutritional and agricultural industries. The company produces and markets cultures, solutions, enzymes and probiotics. It also produces bacterial solutions for poultry, swine, cattle, and silage. Chr. Hansen's products are used in cheese and fermented dairy, meat, dietary supplements, infant formula, biofertilizer for fruit and vegetables, animal feed, and wine industries. It also develops and produces products for over-the -counter pharmaceuticals, and plant protection industries. The company operates production plants and R&D facilities in the US, Germany, Czech Republic, India, and Brazil. It has business presence in Europe, the Middle East and Africa, the Americas and Asia-Pacific.
Naturex (Givaudan)
Establishment: 1992
Headquarters: Switzerland
Website: www.givaudan.com
Givaudan SA (Givaudan) manufactures and sells fragrances and flavors. The company provides various fragrances for fabric, personal care, household care, hair and skin care, and oral care products. Givaudan offers solutions for taste, sense, nutrition, and health. It supplies to personal, home and laundry care brands and perfumes. The products are marketed under the brands of Nutri Essentials, Nutri TasteSolutions, TasteTrek, Taste Essentials, and TasteEssentials. Givaudan offers it solutions to beverages, savory-sweet goods, snacks, dairy and cheese, and nutraceuticals. The company has business presence across Europe, the Middle East, Africa, the Americas, and Asia-Pacific.
Sensient Technologies Corporation
Establishment: 1882
Headquarters: United States of America
Website: www.sensient.com
Sensient Technologies Corp (Sensient) is a specialty chemical company that produces and supplies flavors, colors, and specialty ingredients. The company primarily develops and markets advanced solutions for food, beverage, pharmaceutical, nutraceutical, and personal care applications. The key products that Sensient markets are flavors, essential oils, dehydrated vegetables, natural and artificial colors, and specialty dyes and pigments. Among the key brands which Sensient owns are Sensient Flavors and Sensient Natural Ingredients. The company has a presence in various parts of the world through its plants and sales offices in North America, Europe, Asia Pacific, and Latin America.
The Hershey Company
Establishment: 1894
Headquarters: United States of America
Website: www.thehersheycompany.com
The Hershey Co (Hershey) is a manufacturer and distributer of chocolate and non-chocolate confectionery. The company’s product offerings include chocolate and non-chocolate confectionery products, gum and mint refreshment products, protein bars, and snack items such as popcorn, pretzels, spreads, snack bites, and mixes. It markets its products under Hershey’s, Reese’s, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, and Kit Kat brand name. The company’s major customers include grocery stores, dollar stores, concessionaires, drug stores, department stores, mass merchandisers, convenience stores, wholesale clubs, wholesale distributers, and vending companies. It has business presence across Asia, Latin America, the Middle East, Europe, Africa, and North America.
Product Launches in the Carmine Market worldwide
Debut
In March 2025, Debut, a US-based biotech firm, launched a breakthrough biotech version of carmine after four years of R&D. This was considered a sea change from beetle-sourced pigment. It also partnered with L'Oréal last July to co-develop more than a dozen bio-identical ingredients across all its lines of beauty products.
Crimson Color Co.
January 2023- Crimson Color Co. recently introduced a series of carmine-based natural food colorings with increased stability and improved application properties. New formulations will better enable food manufacturers to achieve bright red shades while adhering to the most stringent regulatory requirements.
SWOT Analysis of Company
DDW Color House
Strength – Expertise in Natural Color Solutions and Global Production Network
The great strengths of DDW Color House in the carmine market result from its deep experience in natural color formulation and its strong global production and supply network. As one of the world's leading natural color manufacturers, DDW combines decades of expertise in the extraction, stabilization, and application of carmine and other natural pigments for food, beverage, and cosmetic applications. Its advanced R&D enables it to create carmine-based solutions with the brightest and most stable characteristics possible according to varying processing conditions. With production plants strategically situated across North America, Europe, and Asia, DDW maintains the highest quality and regulatory standards and manages its supply chain very efficiently. Strong relationships with multinational brands across the food sector, together with DDW's commitment to sustainability through responsible sourcing and natural ingredient innovation, further reinforce its leadership position. This combination of scientific knowledge, global reach, and reliability positions DDW as a trusted leader in the carmine industry.
Colormaker, Inc.
Strength – Innovation Leadership in Natural and Clean-Label Pigments
Colormaker, Inc. believes that its commitment to innovation in clean-label and plant-based color solutions is the strong point in the global carmine market. With a solid backbone of R&D, the company can create customized natural colorants of carmine alternatives and blends in response to the changing consumer and regulatory demands for transparency and sustainability. Given that the company is an expert in the formulation of natural pigments, it can provide hue stability, purity, and effectiveness for a wide range of applications in food and beverages. In addition, by focusing on eco-friendly production, Colormaker sources natural raw materials in an ethical way and minimizes wastes and energy consumption throughout production. The company offers a customer-centric approach and technical support services, which help its customers transition smoothly from synthetic coloring systems to natural ones. This combination of scientific innovation, sustainability, and flexibility has established Colormaker as a trusted partner for companies seeking natural and high-quality carmine and carmine-free solutions in the highly competitive global food color market.
Recent Development in Global Carmine Market
GNT Group B.V.
This October, GNT will be demonstrating its plant-based EXBERRY® colors at Gulfood Manufacturing 2025 with shade-shifting drinks, a build-your-own rocky road station, and bold new concepts. EXBERRY® colors are derived from non-GMO fruits, vegetables, and plants. They offer a natural alternative to synthetic dyes and are available for the creation of a complete spectrum of shades in foods and drinks. The full EXBERRY® rainbow is also sure to be on show through colorful concepts like ice cream, wafer cones, noodles, mayonnaise, and snacks.
Kalsec Inc
Dec 2024 – Kalsec ® Inc., a global natural ingredient solution provider for the food and beverage industry, has announced an expanded partnership with Connell Caldic, a leading innovator and distributor of high-quality ingredients. Under the new agreement, Kalsec ® will tap into Caldic's China-based operations, sales, and marketing groups to expand its presence in and build stronger brand awareness within the Asia-Pacific region.
Sustainability Goal
Diana Natural
The Diana Natural sustainability objective is to create natural, healthy, and environmentally responsible ingredients that improve human and animal nutrition while preserving natural ecosystems. As part of the Symrise Group, Diana Natural insists on sustainable sourcing of raw materials by directly working with farmers and local communities to guarantee traceability, preservation of biodiversity, and fair trade. It also invests in regenerative agriculture, responsible water management, and renewable energy. The company minimizes environmental impact through carbon reduction and circularity in its operations: reusing co-products and minimizing waste along the production cycle. Socially, it supports rural development, education programs in farming regions, and sustainable livelihoods. By combining natural science and eco-innovation, it delivers solutions to meet consumer demand for clean-label, sustainable ingredients. Diana Natural's holistic approach ensures nutrition, sustainability, and ethical responsibility are kept at the heart of its long-term business strategy.
Clariant AG
Clariant AG's sustainability goal is to drive the innovation in specialty chemicals that enables a more sustainable, circular, and low-carbon future. The company strives for net-zero greenhouse gas emissions by 2050, in accordance with its ""EcoFuture"" strategy, based on resource efficiency, green chemistry, and renewable raw material usage. It places a premium on climate-neutral production, water usage reduction, and replacing feedstocks with renewable resources, while waste and energy consumption are minimized in production sites worldwide. Its EcoTain® label features products that have both environmental and social benefits, thereby helping customers reduce their ecological footprint. Clariant also illustrates compliance with ethical sourcing, biodiversity protection, and employee safety and inclusion principles. In this way, Clariant strengthens its position as a responsible chemical innovator through integrating sustainability into product design and corporate governance. Clariant AG, through value creation with science-driven environmental stewardship for customers, communities, and the planet, makes sure that sustainable chemistry will power industrial transformation in the future.
Market Segmentation
Global Carmine Market
• Historical Trends
• Forecast Analysis
Market Share Analysis – Global Carmine Market
Clariant AG
Overview
• Company History and Mission
• Business Model and Operations
Workforce
Key Persons
• Executive Leadership
• Operational Management
• Division Leaders
• Board Composition
Recent Development & Strategies
• Mergers & Acquisitions
• Partnerships
• Investments
Sustainability Analysis
• Renewable Energy Adoption
• Energy-Efficient Infrastructure
• Use of Sustainable Packaging Materials
• Water Usage and Conservation Strategies
• Waste Management and Circular Economy Initiatives
Product Analysis
• Product Profile
• Quality Standards
• Product Pipeline
• Product Benchmarking
Strategic Assessment: SWOT Analysis
• Strengths
• Weaknesses
• Opportunities
• Threats
Revenue Analysis
The above information will be available for all the following companies:
1. Clariant AG
2. Chr. Hansen Holding A/S
3. Naturex (Givaudan)
4. Sensient Technologies Corporation
5. The Hershey Company
6. Biocon
7. Amerilure
8. DDW Color House
9. Colormaker, Inc.
10. Diana Natural
11. GNT Group B.V.
12. Naturex (Givaudan)
13. Proquimac
14. Roha Dyechem Pvt Ltd
15. Crimson Color Co.
16. Debut
17. Clariant AG
18. DyStar Singapore Pte Ltd
19. Kalsec Inc.
20. Allied Biotech Corporation
The global carmine market is projected to expand from approximately US$ 51.76 million in 2025 to around US$ 85.40 million by 2033, reflecting a compound annual growth rate (CAGR) of 6.40% during the period from 2025 to 2033. This growth can be attributed primarily to the increasing demand for natural food colorants and the extensive applications of carmine within the food and cosmetic industries.
Carmine is a bright red pigment made from the crushed bodies of female cochineal insects, also known as cochineal or E120. Native mainly to Central and South America, these insects are collected and undergo a processing procedure to obtain the pigment, which has been used in art and textiles for hundreds of years.
Carmine gained high popularity due to its natural content and vivid color and is thus in high demand in many industries: food, cosmetics, and textiles. In the food and beverage industry, carmine offers a bright red appearance in yogurts, ice creams, soft drinks, and other products, usually positioned as a natural substitute for artificial colors. It is also used in cosmetic products, where the pigment gives color to lipsticks and blushes.
Due to ethical issues raised by insect-derived ingredients and the fast-growing demand for vegan-friendly products, the popularity of carmine has come under scrutiny and controversy. Nevertheless, its unique properties and versatility will ensure that carmine remains a notable player in the world of natural dyes, appealing to those seeking both aesthetic and natural solutions.
Top 5 Companies in the Carmine Market
Clariant AG
Establishment: 1995
Headquarters: Switzerland
Website: www.clariant.com
Clariant International Ltd, a subsidiary of Clariant AG, is a chemicals manufacturing company. The company produces and distributes specialty chemicals, fertilizers for different industries including agricultural, healthcare, personal care, and various other industries. Clariant International is based in Muttenz, Basel-Landschaft, Switzerland.
Hansen Holding A/S
Establishment: 1874
Headquarters: Denmark
Website: www.chr-hansen.com
Chr. Hansen Holding AS (Chr. Hansen) is a developer of natural ingredient solutions for the food, pharmaceutical, nutritional and agricultural industries. The company produces and markets cultures, solutions, enzymes and probiotics. It also produces bacterial solutions for poultry, swine, cattle, and silage. Chr. Hansen's products are used in cheese and fermented dairy, meat, dietary supplements, infant formula, biofertilizer for fruit and vegetables, animal feed, and wine industries. It also develops and produces products for over-the -counter pharmaceuticals, and plant protection industries. The company operates production plants and R&D facilities in the US, Germany, Czech Republic, India, and Brazil. It has business presence in Europe, the Middle East and Africa, the Americas and Asia-Pacific.
Naturex (Givaudan)
Establishment: 1992
Headquarters: Switzerland
Website: www.givaudan.com
Givaudan SA (Givaudan) manufactures and sells fragrances and flavors. The company provides various fragrances for fabric, personal care, household care, hair and skin care, and oral care products. Givaudan offers solutions for taste, sense, nutrition, and health. It supplies to personal, home and laundry care brands and perfumes. The products are marketed under the brands of Nutri Essentials, Nutri TasteSolutions, TasteTrek, Taste Essentials, and TasteEssentials. Givaudan offers it solutions to beverages, savory-sweet goods, snacks, dairy and cheese, and nutraceuticals. The company has business presence across Europe, the Middle East, Africa, the Americas, and Asia-Pacific.
Sensient Technologies Corporation
Establishment: 1882
Headquarters: United States of America
Website: www.sensient.com
Sensient Technologies Corp (Sensient) is a specialty chemical company that produces and supplies flavors, colors, and specialty ingredients. The company primarily develops and markets advanced solutions for food, beverage, pharmaceutical, nutraceutical, and personal care applications. The key products that Sensient markets are flavors, essential oils, dehydrated vegetables, natural and artificial colors, and specialty dyes and pigments. Among the key brands which Sensient owns are Sensient Flavors and Sensient Natural Ingredients. The company has a presence in various parts of the world through its plants and sales offices in North America, Europe, Asia Pacific, and Latin America.
The Hershey Company
Establishment: 1894
Headquarters: United States of America
Website: www.thehersheycompany.com
The Hershey Co (Hershey) is a manufacturer and distributer of chocolate and non-chocolate confectionery. The company’s product offerings include chocolate and non-chocolate confectionery products, gum and mint refreshment products, protein bars, and snack items such as popcorn, pretzels, spreads, snack bites, and mixes. It markets its products under Hershey’s, Reese’s, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, and Kit Kat brand name. The company’s major customers include grocery stores, dollar stores, concessionaires, drug stores, department stores, mass merchandisers, convenience stores, wholesale clubs, wholesale distributers, and vending companies. It has business presence across Asia, Latin America, the Middle East, Europe, Africa, and North America.
Product Launches in the Carmine Market worldwide
Debut
In March 2025, Debut, a US-based biotech firm, launched a breakthrough biotech version of carmine after four years of R&D. This was considered a sea change from beetle-sourced pigment. It also partnered with L'Oréal last July to co-develop more than a dozen bio-identical ingredients across all its lines of beauty products.
Crimson Color Co.
January 2023- Crimson Color Co. recently introduced a series of carmine-based natural food colorings with increased stability and improved application properties. New formulations will better enable food manufacturers to achieve bright red shades while adhering to the most stringent regulatory requirements.
SWOT Analysis of Company
DDW Color House
Strength – Expertise in Natural Color Solutions and Global Production Network
The great strengths of DDW Color House in the carmine market result from its deep experience in natural color formulation and its strong global production and supply network. As one of the world's leading natural color manufacturers, DDW combines decades of expertise in the extraction, stabilization, and application of carmine and other natural pigments for food, beverage, and cosmetic applications. Its advanced R&D enables it to create carmine-based solutions with the brightest and most stable characteristics possible according to varying processing conditions. With production plants strategically situated across North America, Europe, and Asia, DDW maintains the highest quality and regulatory standards and manages its supply chain very efficiently. Strong relationships with multinational brands across the food sector, together with DDW's commitment to sustainability through responsible sourcing and natural ingredient innovation, further reinforce its leadership position. This combination of scientific knowledge, global reach, and reliability positions DDW as a trusted leader in the carmine industry.
Colormaker, Inc.
Strength – Innovation Leadership in Natural and Clean-Label Pigments
Colormaker, Inc. believes that its commitment to innovation in clean-label and plant-based color solutions is the strong point in the global carmine market. With a solid backbone of R&D, the company can create customized natural colorants of carmine alternatives and blends in response to the changing consumer and regulatory demands for transparency and sustainability. Given that the company is an expert in the formulation of natural pigments, it can provide hue stability, purity, and effectiveness for a wide range of applications in food and beverages. In addition, by focusing on eco-friendly production, Colormaker sources natural raw materials in an ethical way and minimizes wastes and energy consumption throughout production. The company offers a customer-centric approach and technical support services, which help its customers transition smoothly from synthetic coloring systems to natural ones. This combination of scientific innovation, sustainability, and flexibility has established Colormaker as a trusted partner for companies seeking natural and high-quality carmine and carmine-free solutions in the highly competitive global food color market.
Recent Development in Global Carmine Market
GNT Group B.V.
This October, GNT will be demonstrating its plant-based EXBERRY® colors at Gulfood Manufacturing 2025 with shade-shifting drinks, a build-your-own rocky road station, and bold new concepts. EXBERRY® colors are derived from non-GMO fruits, vegetables, and plants. They offer a natural alternative to synthetic dyes and are available for the creation of a complete spectrum of shades in foods and drinks. The full EXBERRY® rainbow is also sure to be on show through colorful concepts like ice cream, wafer cones, noodles, mayonnaise, and snacks.
Kalsec Inc
Dec 2024 – Kalsec ® Inc., a global natural ingredient solution provider for the food and beverage industry, has announced an expanded partnership with Connell Caldic, a leading innovator and distributor of high-quality ingredients. Under the new agreement, Kalsec ® will tap into Caldic's China-based operations, sales, and marketing groups to expand its presence in and build stronger brand awareness within the Asia-Pacific region.
Sustainability Goal
Diana Natural
The Diana Natural sustainability objective is to create natural, healthy, and environmentally responsible ingredients that improve human and animal nutrition while preserving natural ecosystems. As part of the Symrise Group, Diana Natural insists on sustainable sourcing of raw materials by directly working with farmers and local communities to guarantee traceability, preservation of biodiversity, and fair trade. It also invests in regenerative agriculture, responsible water management, and renewable energy. The company minimizes environmental impact through carbon reduction and circularity in its operations: reusing co-products and minimizing waste along the production cycle. Socially, it supports rural development, education programs in farming regions, and sustainable livelihoods. By combining natural science and eco-innovation, it delivers solutions to meet consumer demand for clean-label, sustainable ingredients. Diana Natural's holistic approach ensures nutrition, sustainability, and ethical responsibility are kept at the heart of its long-term business strategy.
Clariant AG
Clariant AG's sustainability goal is to drive the innovation in specialty chemicals that enables a more sustainable, circular, and low-carbon future. The company strives for net-zero greenhouse gas emissions by 2050, in accordance with its ""EcoFuture"" strategy, based on resource efficiency, green chemistry, and renewable raw material usage. It places a premium on climate-neutral production, water usage reduction, and replacing feedstocks with renewable resources, while waste and energy consumption are minimized in production sites worldwide. Its EcoTain® label features products that have both environmental and social benefits, thereby helping customers reduce their ecological footprint. Clariant also illustrates compliance with ethical sourcing, biodiversity protection, and employee safety and inclusion principles. In this way, Clariant strengthens its position as a responsible chemical innovator through integrating sustainability into product design and corporate governance. Clariant AG, through value creation with science-driven environmental stewardship for customers, communities, and the planet, makes sure that sustainable chemistry will power industrial transformation in the future.
Market Segmentation
Global Carmine Market
• Historical Trends
• Forecast Analysis
Market Share Analysis – Global Carmine Market
Clariant AG
Overview
• Company History and Mission
• Business Model and Operations
Workforce
Key Persons
• Executive Leadership
• Operational Management
• Division Leaders
• Board Composition
Recent Development & Strategies
• Mergers & Acquisitions
• Partnerships
• Investments
Sustainability Analysis
• Renewable Energy Adoption
• Energy-Efficient Infrastructure
• Use of Sustainable Packaging Materials
• Water Usage and Conservation Strategies
• Waste Management and Circular Economy Initiatives
Product Analysis
• Product Profile
• Quality Standards
• Product Pipeline
• Product Benchmarking
Strategic Assessment: SWOT Analysis
• Strengths
• Weaknesses
• Opportunities
• Threats
Revenue Analysis
The above information will be available for all the following companies:
1. Clariant AG
2. Chr. Hansen Holding A/S
3. Naturex (Givaudan)
4. Sensient Technologies Corporation
5. The Hershey Company
6. Biocon
7. Amerilure
8. DDW Color House
9. Colormaker, Inc.
10. Diana Natural
11. GNT Group B.V.
12. Naturex (Givaudan)
13. Proquimac
14. Roha Dyechem Pvt Ltd
15. Crimson Color Co.
16. Debut
17. Clariant AG
18. DyStar Singapore Pte Ltd
19. Kalsec Inc.
20. Allied Biotech Corporation
Table of Contents
200 Pages
- 1. Carmine Market
- 1.1 Historical Trends
- 1.2 Forecast Analysis
- 2. Market Share Analysis – Carmine Market
- 3. Clariant AG
- 3.1 Overview
- 3.1.1 Company History and Mission
- 3.1.2 Business Model and Operations
- 3.1.3 Workforce
- 3.2 Key Persons
- 3.2.1 Executive Leadership
- 3.2.2 Operational Management
- 3.2.3 Division Leaders
- 3.2.4 Board Composition
- 3.3 Recent Development & Strategies
- 3.3.1 Mergers & Acquisitions
- 3.3.2 Partnerships
- 3.3.3 Investments
- 3.4 Sustainability Analysis
- 3.4.1 Renewable Energy Adoption
- 3.4.2 Energy-Efficient Infrastructure
- 3.4.3 Use of Sustainable Packaging Materials
- 3.4.4 Water Usage and Conservation Strategies
- 3.4.5 Waste Management and Circular Economy Initiatives
- 3.5 Product Analysis
- 3.5.1 Product Profile
- 3.5.2 Quality Standards
- 3.5.3 Product Pipeline
- 3.5.4 Product Benchmarking
- 3.6 Strategic Assessment: SWOT Analysis
- 3.6.1 Strengths
- 3.6.2 Weaknesses
- 3.6.3 Opportunities
- 3.6.4 Threats
- 3.7 Revenue Analysis
- The above information will be available for all the following companies:
- 1. Clariant AG
- 2. Chr. Hansen Holding A/S
- 3. Naturex (Givaudan)
- 4. Sensient Technologies Corporation
- 5. The Hershey Company
- 6. Biocon
- 7. Amerilure
- 8. DDW Color House
- 9. Colormaker, Inc.
- 10. Diana Natural
- 11. GNT Group B.V.
- 12. Naturex (Givaudan)
- 13. Proquimac
- 14. Roha Dyechem Pvt Ltd
- 15. Crimson Color Co.
- 16. Debut
- 17. Clariant AG
- 18. DyStar Singapore Pte Ltd
- 19. Kalsec Inc.
- 20. Allied Biotech Corporation
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