....... Another red dye used in foods, FD&C Red Dye #40 (alternatively known as Red #40), is often mistakenly assumed to be a euphemism for cochineal or carmine. It's not — it's bug-free and is actually derived from coal.
Our distaste at the thought of ingesting bugs is based on cultural factors rather than the properties or flavors of the insects themselves. Western society eschews (rather than chews) bugs, hence the widespread "Ewww!" reaction to the news that some of our favorite foods contain insect extract.
In March 2012, Starbucks was on the receiving end of that type of visceral reaction after it came to light that the colorant used in its Strawberries & Creme Frappuccino mix was cochineal. Starbucks asserted the switch to cochineal was part of a move away from artificial ingredients, an explanation that did little to endear the coffee giant to vegans. (The following month, the company announced it would be transitioning the red dyes used in their products from cochineal extract to tomato-based lycopene.)
http://www.snopes.com/food/ingredient/bugjuice.asp

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