The global cochineal extract market reached approximately USD 39.78 billion in 2023, marking a year-on-year growth of 9.3%. It is projected to continue expanding at a robust CAGR of 9.3% from 2023 to 2033, ultimately reaching a valuation of USD 90.91 billion by 2033. The increasing adoption of cochineal extract across various industries—including food and …
Tag Archives: Cochineal Extract Market Trends
Expanding Applications of Cochineal Extract Boost Market Growth in Multiple Sectors
The global cochineal extracts market is valued at USD 39,779.0 million as of 2023. The cochineal extracts market is expected to grow at a healthy CAGR of 9.3% during the forecast period and is anticipated to reach a valuation of USD 90,905.5 million by 2033. In 2022, the global cochineal extracts market had a valuation …