Red Dye No. 3 is a "color additive made from petroleum," which "could previously be used in foods in small amounts as approved by the FDA on a per-case basis," said Forbes. It was banned in cosmetics after being linked to cancer in rats.

Red dye No. 3 has been permissible for use in food despite the Delaney Clause of the FDA’s Federal Food, Drug, and Cosmetic Act. The clause, in part, “prohibits the FDA from approving a color additive that is ingested if it causes cancer in animals or humans when ingested,” according to the agency .

Red No. 3, also known as erythrosine, is a color additive made from petroleum that gives foods and drinks a bright, cherry-red color.

With the recent news that the Food and Drug Administration is banning Red No. 3, the artificial dye that is considered a potential carcinogen, some experts are saying it could be the start of a much larger trend to remove any number of additives from some of our favorite foods and drinks.

While the ban on Red No. 3 certainly impacts a handful of foods and drinks, it's not as widespread as some media outlets report. Many incorrectly claim that certain flavored puddings, strawberry Pediasure,