December 17, 2018: Global Annatto Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. Annatto is the seed or extract of the achiote tree (Bixaorellana), which is a tropical tree. It is a naturally intense dye and ranges in colour from bright yellow to deep orange. The colour of annatto originate from several carotenoid pigments.
It is widely used as a medicine, commercial dye, culinary spice and ingredient in various foods. In addition, they are also used in body paint, fabric dye, cosmetics, insect repellent, etc. The factors that propel the growth of the Annatto Market include increasing demand, rapid urbanization & industrialization and technological innovations.
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In addition, some of the other factors such as growing awareness regarding the harmful health effects of synthetic color agents and ban on trading of products made from artificial products. On the other hand, there are also factors that may hamper the growth of the market such as high cost and color degradation due to several external factors such as light, temperature, etc. Also, factors such as allergic nature and low stability of annatto as compared to synthetic agents.
Annatto Market is classified on the basis of form, product type, pigment, applications, distribution channel and geography. Annatto Market is classified by form as powder and liquid. Annatto Market is segmented by product type as emulsified annatto, oil-soluble annatto, water-soluble annatto, and others. Annatto Market is categorized by pigment as carotenoids, bixin, norbixin and others.
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Market Segment:
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Annatto in these regions, from 2013 to 2025 (forecast), covering
- North America
- Europe
- China
- Japan
- Southeast Asia
- India
Global Annatto market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
- DDW
- Hansen
- FMC
- WILD Flavors
- Kalsec
- Vinayak Ingredients
- Aarkay Food Products
- AICACOLOR
- Biocondel Peru
- Zhongda Biological
- Guangzhou Qianyi
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Oil-Soluble Annatto
- Water-Soluble Annatto
- Emulsified Annatto
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
- Food Industry
- Natural Fabric Industry
- Cosmetic Industry
Key questions answered in the report include
- What will be the market size in 2025?
- How will the market change over the forecast period and what will be the market size in 2025?
- What are the drivers and restraint associated with the market and how will these factors affect the dynamics over the forecast period?
- What are the growth areas within the market space and where should a participant focus to get maximum ROI?
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