Cochineal Extract Market: Global Industry Analysis and Forecast (2024-2030)

  • The Cochineal Extract Market size was valued at USD 41.14 Bn. in 2023 and the total Cochineal Extract Market size is expected to grow at a CAGR of 8.63% from 2024 to 2030, reaching nearly USD 73.44 Bn. by 2030.

  • Format : PDF | Report ID : SMR_1894

Cochineal Extract Market Overview

Cochineal extract is obtained from the dried bodies of female Dactylopius coccus Costa insects (cochineal). The extract is used directly in food and is also processed further to carmines. Specifications exist for cochineal extract and carmines, both of which contain carminic acid as the colouring principle. The global market is for cochineal extract is experiencing growth because of its widespread use in various industries, including food, pharmaceuticals, cosmetics, pet food, and textiles. Cochineal, an insect belonging to the Dactylopius Coccus species, produces carmine, a natural food color dye.

 

The insect is dried and used in food production, with the extracted carmines used in various industries. Originating in Peru and Mexico, cochineal insect agriculture raises insects for the production of red dye. The insects are raised on a cactus plant, where they feed on the leaves. The insects are dried in the sun to produce the extract, which contains 18% to 25% carminic extract. The growing awareness of the harmful health effects of synthetic colors and the demand for natural products is expected to drive the growth of the Cochineal Extract Market.

Cochineal Extract Market

 

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Cochineal Extract Market Dynamics:

The Cochineal Extract Market has been experiencing a surge in demand for natural food colors because of a shift in consumer tastes, health consciousness, and industry trends. The demand for natural food colors is driven by a growing awareness of potential health concerns associated with synthetic chemicals, particularly synthetic food colors. Natural food colors, derived from nature's abundance, are considered healthier alternatives because of their natural origins and less negative consequences.

 

The demand for natural food colors is also driven by consumers' increased focus on their health and choosing products that support these goals. In a society where transparency is valued, natural food colors offer simpler production methods and traceable origins, aligning with a general desire for a better understanding of food origins and production processes. This is driving the Cochineal Extract Market size.

 

Technological developments such as supercritical fluid and ultrasonic extraction methods, which grow production and purity while reducing their negative effects on the environment, are driving the growth of the Cochineal Extract Market . For the sustainable manufacture of carminic acid, biotechnological methods are being investigated, such as genetically engineered microbes. To satisfy regulatory requirements, efforts are also being made to enhance standardization and quality control. As a result of these advancements, natural colorant technologies are receiving more attention and investment, increasing consumer demand for clean-label goods.

Cochineal Extract Market1

The market is for cochineal extract is severely restricted because of its high cost and consumers' discomfort with animal-derived substances. The extract, a coloring agent, requires a large number of insects for production, making it an expensive and labour-intensive product. This has made it less competitive than synthetic substitutes. Also, ethical consumerism and veganism have led to a shift in consumer preferences, making it difficult for manufacturers to balance cruelty-free, plant-based alternatives with their natural product offerings. These factors are limiting the market's growth for cochineal extract, forcing producers to find economical and morally sound ways to remain in the industry.

 

The growing popularity of vegan and plant-based diets has significantly impacted the market of natural food colors. These diets offer food color options that align with these lifestyles, creating new market opportunities and product options. The vividness of natural food colors is used to create visually appealing items, attracting customers. The ability to produce brilliant and appealing colors from natural sources increases the appeal of natural food colors and encourages their adoption across various food and beverage applications, as visual cues significantly impact purchasing decisions.

 

Cochineal Extract Market Segment Analysis:

Based on Application, Cochineal Extract is a natural food colorant used to impart a bright red color to various dishes and is also used in wine production. It is obtained from the cochineal insect, which feeds on cactus plants. Cochineal Extract is a crucial natural dye in the textiles industry, used to color cotton, linen, wool, silk, and other fibers. It is a natural dye that does not fade over time and has good fastness for washing, light, and rubbing.

 

Cochineal Extract is also used in the preparation of medicine with anti-inflammatory, antiviral, and anticancer properties. It is taken orally for treating conditions like diarrhea, respiratory infections, stomach ulcers, eczema, and psoriasis. It is also used in personal care products like lipsticks, eye shadows, blushes, and shampoos, providing UV protection and anti-inflammatory properties. Some people also use it as a natural hair dye. Cochineal Extract is found in various cosmetics and personal care products on the market.

Cochineal Extract Market2

Cochineal Extract Market Regional Insight:

In North America, The Cochineal Extract Market had a dominant position in 2023. Food colors are widely used by the beverage and confectionery industries in North America to improve the look and feel of their products. Cochineal extract's enticing deep red color helps producers make items that are visually appealing for a variety of uses. In addition, the market of cochineal extract in the United States had the most market share, while the market in Canada had the highest rate of growth on the North American continent. Because of their hectic schedules, people in the area commonly choose to eat packaged food rather than a traditional dinner, which drives the growing demand for packaged food. Also, to obtain a larger market share, several significant food processing companies increase their product lines.

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Cochineal Extract Market Competitive Landscape:

Prominent industry participants are making significant R&D investments to increase their product offerings, hence contributing to the Cochineal Extract Market’s continued expansion. To increase their market share, market players are also engaging in a range of calculated strategic actions. Notable developments in this regard include the introduction of new products, contracts, mergers and acquisitions, increased investment, and cooperation with other businesses. To grow and thrive in an increasingly competitive and developing market, the cochineal extract sector needs to provide affordable products.

 

  • In 2022, Fermentalg & DDW Initiate Pre-Commercialization of Innovative Acid Stable Blue. The French expert in the microalgae bioindustry, announces that it has reached the final technical milestone in the scale-up of Galdieria Blue Extract the acid-stable natural blue food color developed in partnership with DDW, part of Givaudan. The completion of the industrialization work allows the partners to engage in the initial commercialization stage of this new product, an alternative to synthetic blue colors for low-pH food and beverage applications.

 

  • In 2020, food producers in their quest for the desired meat substitute BioconColors have developed a range of meat alternative coloring formulations. The coloring formulations are formulated in such a way as to help to mimic the appearance of real burgers. All colorants used in our meat alternative formulations are 100% based on natural colors. The growth potential for the European market is favorable, this is also because several leading players, like Unilever and Nestlé, believe in the market potential of the meat substitute market and are investing significantly to acquire their share.

Cochineal Extract Market  Scope

Market Size in 2023

USD 41.14 Bn.

Market Size in 2030

USD 73.44 Bn.

CAGR (2024-2030)

8.63 %

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

   Segments

By Type

Food Grade

Industrial Grade

Pharmaceutical Grade

By Application

Food

Textiles

Medicine

Personal Care Products

 Others

By Distribution Channel

Offline

Online

By End User    

Commercial

Individual

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Key Player in the Cochineal Extract Market

  1. Sensient Technologies Corporation - United States
  2. Bioway Organic Group Limited - China
  3. Alibaba.com - China
  4. Yangge Biotech Co., LTD - China
  5. Naturex - France
  6. ColorMaker Inc. - United States
  7. Kalsec Inc. - United States
  8. Döhler Group - Germany
  9. Amerilure, Inc. - United States
  10. Biocon Colors - India
  11. Roha Dyechem Pvt. Ltd. - India
  12. Hangzhou Focus Corporation - China
  13. Neelikon - India
  14. Chenguang Biotech Group Co., Ltd. - China
  15. Gentle World - United States
  16. Oterra - Denmark
  17. Couleurs de Plantes - France
  18. Green’ing - France
  19. Givaudan Sense Colour - Switzerland
  20. Vinayak Ingredients India Pvt Ltd – India
  21. XX.inc


Frequently Asked Questions

The forecast period of the market is 2024 to 2030.

1.    Cochineal Extract Market: Research Methodology 
2.    Cochineal Extract Market : Executive Summary
3.    Cochineal Extract Market : Competitive Landscape
4.    Potential Areas for Investment

4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1.    Market Leaders 
4.4.2.    Market Followers
4.4.3.    Emerging Players

4.5. Consolidation of the Market
4.6. Import and export of Cochineal Extract Market 
5.    Cochineal Extract Market : Dynamics
5.1. Market Driver 
5.1.1.    Increasing Consumer Awareness
5.1.2.    Innovation in Product Offerings

5.2. Market Trends by Region
5.2.1.    North America
5.2.2.    Europe
5.2.3.    Asia Pacific
5.2.4.    Middle East and Africa
5.2.5.    South America

5.3. Market Drivers by Region
5.3.1.    North America
5.3.2.    Europe
5.3.3.    Asia Pacific
5.3.4.    Middle East and Africa
5.3.5.    South America

5.4. Market Restraints
5.5. Market Opportunities
5.6. Market Challenges
5.7. PORTER’s Five Forces Analysis
5.8. PESTLE Analysis
5.9. Strategies for New Entrants to Penetrate the Market
5.10. Regulatory Landscape by Region
5.10.1.    North America
5.10.2.    Europe
5.10.3.    Asia Pacific
5.10.4.    Middle East and Africa
5.10.5.    South America

6.    Cochineal Extract Market Size and Forecast by Segments (by value Units)
6.1. Cochineal Extract Market Size and Forecast, by Type (2023-2030)
6.1.1.    Food Grade
6.1.2.    Industrial Grade
6.1.3.    Pharmaceutical Grade

6.2. Cochineal Extract Market Size and Forecast, by Application  (2023-2030)
6.2.1.    Food
6.2.2.    Textiles
6.2.3.    Medicine
6.2.4.    Personal Care Products
6.2.5.     Others

6.3. Cochineal Extract Market Size and Forecast, by Distribution Channel (2023-2030)
6.3.1.    Offline
6.3.2.    Online

6.4. Cochineal Extract Market Size and Forecast, by End User (2023-2030)
6.4.1.    Commercial
6.4.2.    Individual

6.5. Cochineal Extract Market Size and Forecast, by Region (2023-2030)
6.5.1.    North America
6.5.2.    Europe
6.5.3.    Asia Pacific
6.5.4.    Middle East and Africa
6.5.5.    South America

7.    North America Cochineal Extract Market Size and Forecast (by value Units)
7.1. North America Cochineal Extract Market Size and Forecast, by Type (2023-2030)
7.1.1.    Food Grade
7.1.2.    Industrial Grade
7.1.3.    Pharmaceutical Grade

7.2. North America Cochineal Extract Market Size and Forecast, by Application  (2023-2030)
7.2.1.    Food
7.2.2.    Textiles
7.2.3.    Medicine
7.2.4.    Personal Care Products
7.2.5.     Others

7.3. North America Cochineal Extract Market Size and Forecast, by Distribution Channel (2023-2030)
7.3.1.    Offline
7.3.2.    Online

7.4. North America Cochineal Extract Market Size and Forecast, by End User (2023-2030)
7.4.1.    Commercial
7.4.2.    Individual

7.5. North America Cochineal Extract Market Size and Forecast, by Country (2023-2030)
7.5.1.    United States
7.5.2.    Canada
7.5.3.    Mexico

8.    Europe Cochineal Extract Market Size and Forecast (by Value Units)
8.1. Europe Cochineal Extract Market Size and Forecast, by Type (2023-2030)
8.1.1.    Food Grade
8.1.2.    Industrial Grade
8.1.3.    Pharmaceutical Grade

8.2. Europe Cochineal Extract Market Size and Forecast, by Application  (2023-2030)
8.2.1.    Food
8.2.2.    Textiles
8.2.3.    Medicine
8.2.4.    Personal Care Products
8.2.5.     Others

8.3. Europe Cochineal Extract Market Size and Forecast, by Distribution Channel (2023-2030)
8.3.1.    Offline
8.3.2.    Online

8.4. Europe Cochineal Extract Market Size and Forecast, by End User (2023-2030)
8.4.1.    Commercial
8.4.2.    Individual

8.5. Europe Cochineal Extract Market Size and Forecast, by Country (2023-2030)
8.5.1.    UK
8.5.2.    France
8.5.3.    Germany
8.5.4.    Italy
8.5.5.    Spain
8.5.6.    Sweden
8.5.7.    Austria
8.5.8.    Rest of Europe

9.    Asia Pacific Cochineal Extract Market Size and Forecast (by Value Units)
9.1. Asia Pacific Cochineal Extract Market Size and Forecast, by Type (2023-2030)
9.1.1.    Food Grade
9.1.2.    Industrial Grade
9.1.3.    Pharmaceutical Grade

9.2. Asia Pacific Cochineal Extract Market Size and Forecast, by Application  (2023-2030)
9.2.1.    Food
9.2.2.    Textiles
9.2.3.    Medicine
9.2.4.    Personal Care Products
9.2.5.     Others

9.3. Asia Pacific Cochineal Extract Market Size and Forecast, by Distribution Channel (2023-2030)
9.3.1.    Offline
9.3.2.    Online

9.4. Asia Pacific Cochineal Extract Market Size and Forecast, by End User (2023-2030)
9.4.1.    Commercial
9.4.2.    Individual

9.5. Asia Pacific Cochineal Extract Market Size and Forecast, by Country (2023-2030)
9.5.1.    China
9.5.2.    S Korea
9.5.3.    Japan
9.5.4.    India
9.5.5.    Australia
9.5.6.    Asean
9.5.7.    Rest of Asia Pacific

10.    Middle East and Africa Cochineal Extract Market Size and Forecast (by Value Units)
10.1. Middle East and Africa Cochineal Extract Market Size and Forecast, by Type (2023-2030)
10.1.1.    Food Grade
10.1.2.    Industrial Grade
10.1.3.    Pharmaceutical Grade

10.2. Middle East and Africa Cochineal Extract Market Size and Forecast, by Application  (2023-2030)
10.2.1.    Food
10.2.2.    Textiles
10.2.3.    Medicine
10.2.4.    Personal Care Products
10.2.5.     Others

10.3. Middle East and Africa Cochineal Extract Market Size and Forecast, by Distribution Channel (2023-2030)
10.3.1.    Offline
10.3.2.    Online

10.4. Middle East and Africa Cochineal Extract Market Size and Forecast, by End User (2023-2030)
10.4.1.    Commercial
10.4.2.    Individual

10.5. Middle East and Africa Cochineal Extract Market Size and Forecast, by Country (2023-2030)
10.5.1.    South Africa
10.5.2.    GCC
10.5.3.    Rest of ME&A

11.    South America Cochineal Extract Market Size and Forecast (by Value Units)
11.1. South America Cochineal Extract Market Size and Forecast, by Type (2023-2030)
11.1.1.    Food Grade
11.1.2.    Industrial Grade
11.1.3.    Pharmaceutical Grade

11.2. South America Cochineal Extract Market Size and Forecast, by Application  (2023-2030)
11.2.1.    Food
11.2.2.    Textiles
11.2.3.    Medicine
11.2.4.    Personal Care Products
11.2.5.     Others

11.3. South America Cochineal Extract Market Size and Forecast, by Distribution Channel (2023-2030)
11.3.1.    Offline
11.3.2.    Online

11.4. South America Cochineal Extract Market Size and Forecast, by End User (2023-2030)
11.4.1.    Commercial
11.4.2.    Individual

11.5. South America Cochineal Extract Market Size and Forecast, by Country (2023-2030)
11.5.1.    Brazil
11.5.2.    Argentina
11.5.3.    Rest of South America

12.    Company Profile: Key players
12.1.  Sensient Technologies Corporation
12.1.1.    Company Overview
12.1.2.    Financial Overview
12.1.3.    Business Portfolio
12.1.4.    SWOT Analysis
12.1.5.    Business Strategy 
12.1.6.    Recent Developments

12.2. Bioway Organic Group Limited
12.3. Alibaba.com
12.4. Yangge Biotech Co.,LTD
12.5. Naturex
12.6. ColorMaker Inc.
12.7. Kalsec Inc.
12.8. Döhler Group
12.9. Amerilure, Inc.
12.10. Biocon Colors
12.11. Roha Dyechem Pvt. Ltd.
12.12. Hangzhou Focus Corporation
12.13. Neelikon 
12.14. Chenguang Biotech Group Co., Ltd.
12.15. Gentle world
12.16. Oterra
12.17. Couleurs de Plantes
12.18. Green’ing
12.19. Givaudan Sense Colour
12.20. Vinayak Ingredients India Pvt ltd
12.21. XX.inc
13.    Key Findings
14.    Industry Recommendation

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