Food coloring extracted from beetles now must be clarified: opinions?

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Hi everyone! I recently came across this news article which proclaims that starting January 5, carmine (also known as cochineal extract), which is a food coloring extract usually put into red or pinkish foods and obtained from a certain breed of beetle, now must be clarified as cochineal or carmine in a food's ingredient list. Before this new rule put into effect because of some people's allergic reactions, it was sometimes labeled as "Red 4" or a part of "artificial color". This coloring has been known to be found in ice cream, candy, lipstick, fruit juice, and anything that needs a deep red color. My question is this: what are your feelings on this? Do you believe that the consumers of food should know what is in it? Did you, as a consumer, even have an idea that such ingredients are commonly used? As a long time vegan, I have been aware of cochineal/carmine extract for many years now, and have avoided it because it is an animal. However, if this is something that causes near deaths and allergic reactions, I believe a consumer has the right to know. Unless an ingredient has negative effects such as this, however, I think that those consumers who want to avoid certain ingredients, like myself, need to take it upon themselves to research the foods they eat. So far, for example, gelatin and glycerin, an ingredient in marshmallows, jello, and other such foods, hasn't been known to cause any allergic reactions, but it is made from the process of boiling animal bones (teeth, bones, and hooves) to create a consistency that is spongy and/or gelatinous. Harmful? No. Good to know? For some people, such as myself! What are your feelings on odd ingredients and the names companies use to distract their actual sources? Here is the article, and this is NOT a referral link: http://www.livescience.com/health/beetles-used-for-artificial-coloring-110111.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Livesciencecom+%28LiveScience.com+Science+Headline+Feed%29