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Annatto Extract-Global Market Insights and Sales Trends 2025
Synopsis
Annatto is an orange-red condiment and food coloring derived from the seeds of the achiote tree. It is often used to impart a yellow or orange color to foods, but sometimes also for its flavor and aroma. The color of annatto comes from various carotenoid pigments, mainly bixin and norbixin, found in the reddish waxy coating of the seeds.
Annatto and its extracts are now widely used in an artisanal or industrial scale as a coloring agent in many processed food products, such as cheeses, dairy spreads, butter and margarine, custards, cakes and other baked goods, potatoes, snack foods, breakfast cereals, smoked fish, sausages, and more. In these uses, annatto is a natural alternative to synthetic food coloring compounds, but it has been linked to cases of food-related allergies.
The global Annatto Extract market size is expected to reach US$ 58 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Annatto Extract in various end use industries. The expanding demands from the Manual Food and Industrial Food, are propelling Annatto Extract market. Yellow, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Orange segment is estimated at % CAGR for the next seven-year period.
Global Annatto key players include DDW, Hansen, FMC, AICACOLOR, Biocon del Peru, etc. Global top five manufacturers hold a share over 30%.
Asia-Pacific is the largest market, with a share about 40%, followed by Europe, and North America, both have a share about 45 percent.
In terms of product, Water-Soluble Annatto is the largest segment, with a share over 90%. And in terms of application, the largest application is Food Industrial, followed by Natural Fabric Industrial, Cosmetic Industrial, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Annatto Extract, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Annatto Extract market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Annatto Extract market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Annatto Extract sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Annatto Extract covered in this report include Fiorio Colori, Sensient Technology Corporation, D.D. Williamson & Co., Naturex S.A., Kalsec Inc., Chr. Hansen Holding A/S, FMC Corporation and Wild Flavors, etc.
The global Annatto Extract market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Fiorio Colori
Sensient Technology Corporation
D.D. Williamson & Co.
Naturex S.A.
Kalsec Inc.
Chr. Hansen Holding A/S
FMC Corporation
Wild Flavors
Global Annatto Extract market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Annatto Extract market, Segment by Type:
Yellow
Orange
Global Annatto Extract market, by Application
Manual Food
Industrial Food
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Annatto Extract manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Annatto Extract in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Annatto is an orange-red condiment and food coloring derived from the seeds of the achiote tree. It is often used to impart a yellow or orange color to foods, but sometimes also for its flavor and aroma. The color of annatto comes from various carotenoid pigments, mainly bixin and norbixin, found in the reddish waxy coating of the seeds.
Annatto and its extracts are now widely used in an artisanal or industrial scale as a coloring agent in many processed food products, such as cheeses, dairy spreads, butter and margarine, custards, cakes and other baked goods, potatoes, snack foods, breakfast cereals, smoked fish, sausages, and more. In these uses, annatto is a natural alternative to synthetic food coloring compounds, but it has been linked to cases of food-related allergies.
The global Annatto Extract market size is expected to reach US$ 58 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Annatto Extract in various end use industries. The expanding demands from the Manual Food and Industrial Food, are propelling Annatto Extract market. Yellow, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Orange segment is estimated at % CAGR for the next seven-year period.
Global Annatto key players include DDW, Hansen, FMC, AICACOLOR, Biocon del Peru, etc. Global top five manufacturers hold a share over 30%.
Asia-Pacific is the largest market, with a share about 40%, followed by Europe, and North America, both have a share about 45 percent.
In terms of product, Water-Soluble Annatto is the largest segment, with a share over 90%. And in terms of application, the largest application is Food Industrial, followed by Natural Fabric Industrial, Cosmetic Industrial, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Annatto Extract, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Annatto Extract market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Annatto Extract market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Annatto Extract sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Annatto Extract covered in this report include Fiorio Colori, Sensient Technology Corporation, D.D. Williamson & Co., Naturex S.A., Kalsec Inc., Chr. Hansen Holding A/S, FMC Corporation and Wild Flavors, etc.
The global Annatto Extract market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Fiorio Colori
Sensient Technology Corporation
D.D. Williamson & Co.
Naturex S.A.
Kalsec Inc.
Chr. Hansen Holding A/S
FMC Corporation
Wild Flavors
Global Annatto Extract market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Annatto Extract market, Segment by Type:
Yellow
Orange
Global Annatto Extract market, by Application
Manual Food
Industrial Food
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Annatto Extract manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Annatto Extract in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Annatto Extract Market Overview
1.1 Annatto Extract Product Overview
1.2 Annatto Extract Market Segment by Type
1.2.1 Yellow
1.2.2 Orange
1.3 Global Annatto Extract Market Size by Type
1.3.1 Global Annatto Extract Market Size Overview by Type (2018-2029)
1.3.2 Global Annatto Extract Historic Market Size Review by Type (2018-2023)
1.3.3 Global Annatto Extract Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Annatto Extract Sales Breakdown by Type (2018-2023)
1.4.2 Europe Annatto Extract Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Annatto Extract Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Annatto Extract Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Annatto Extract Sales Breakdown by Type (2018-2023)
2 Global Annatto Extract Market Competition by Company
2.1 Global Top Players by Annatto Extract Sales (2018-2023)
2.2 Global Top Players by Annatto Extract Revenue (2018-2023)
2.3 Global Top Players by Annatto Extract Price (2018-2023)
2.4 Global Top Manufacturers Annatto Extract Manufacturing Base Distribution, Sales Area, Product Type
2.5 Annatto Extract Market Competitive Situation and Trends
2.5.1 Annatto Extract Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Annatto Extract Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Annatto Extract as of 2022)
2.7 Date of Key Manufacturers Enter into Annatto Extract Market
2.8 Key Manufacturers Annatto Extract Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Annatto Extract Status and Outlook by Region
3.1 Global Annatto Extract Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Annatto Extract Historic Market Size by Region
3.2.1 Global Annatto Extract Sales in Volume by Region (2018-2023)
3.2.2 Global Annatto Extract Sales in Value by Region (2018-2023)
3.2.3 Global Annatto Extract Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Annatto Extract Forecasted Market Size by Region
3.3.1 Global Annatto Extract Sales in Volume by Region (2024-2029)
3.3.2 Global Annatto Extract Sales in Value by Region (2024-2029)
3.3.3 Global Annatto Extract Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Annatto Extract by Application
4.1 Annatto Extract Market Segment by Application
4.1.1 Manual Food
4.1.2 Industrial Food
4.2 Global Annatto Extract Market Size by Application
4.2.1 Global Annatto Extract Market Size Overview by Application (2018-2029)
4.2.2 Global Annatto Extract Historic Market Size Review by Application (2018-2023)
4.2.3 Global Annatto Extract Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Annatto Extract Sales Breakdown by Application (2018-2023)
4.3.2 Europe Annatto Extract Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Annatto Extract Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Annatto Extract Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Annatto Extract Sales Breakdown by Application (2018-2023)
5 North America Annatto Extract by Country
5.1 North America Annatto Extract Historic Market Size by Country
5.1.1 North America Annatto Extract Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Annatto Extract Sales in Volume by Country (2018-2023)
5.1.3 North America Annatto Extract Sales in Value by Country (2018-2023)
5.2 North America Annatto Extract Forecasted Market Size by Country
5.2.1 North America Annatto Extract Sales in Volume by Country (2024-2029)
5.2.2 North America Annatto Extract Sales in Value by Country (2024-2029)
6 Europe Annatto Extract by Country
6.1 Europe Annatto Extract Historic Market Size by Country
6.1.1 Europe Annatto Extract Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Annatto Extract Sales in Volume by Country (2018-2023)
6.1.3 Europe Annatto Extract Sales in Value by Country (2018-2023)
6.2 Europe Annatto Extract Forecasted Market Size by Country
6.2.1 Europe Annatto Extract Sales in Volume by Country (2024-2029)
6.2.2 Europe Annatto Extract Sales in Value by Country (2024-2029)
7 Asia-Pacific Annatto Extract by Region
7.1 Asia-Pacific Annatto Extract Historic Market Size by Region
7.1.1 Asia-Pacific Annatto Extract Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Annatto Extract Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Annatto Extract Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Annatto Extract Forecasted Market Size by Region
7.2.1 Asia-Pacific Annatto Extract Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Annatto Extract Sales in Value by Region (2024-2029)
8 Latin America Annatto Extract by Country
8.1 Latin America Annatto Extract Historic Market Size by Country
8.1.1 Latin America Annatto Extract Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Annatto Extract Sales in Volume by Country (2018-2023)
8.1.3 Latin America Annatto Extract Sales in Value by Country (2018-2023)
8.2 Latin America Annatto Extract Forecasted Market Size by Country
8.2.1 Latin America Annatto Extract Sales in Volume by Country (2024-2029)
8.2.2 Latin America Annatto Extract Sales in Value by Country (2024-2029)
9 Middle East and Africa Annatto Extract by Country
9.1 Middle East and Africa Annatto Extract Historic Market Size by Country
9.1.1 Middle East and Africa Annatto Extract Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Annatto Extract Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Annatto Extract Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Annatto Extract Forecasted Market Size by Country
9.2.1 Middle East and Africa Annatto Extract Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Annatto Extract Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Fiorio Colori
10.1.1 Fiorio Colori Company Information
10.1.2 Fiorio Colori Introduction and Business Overview
10.1.3 Fiorio Colori Annatto Extract Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Fiorio Colori Annatto Extract Products Offered
10.1.5 Fiorio Colori Recent Development
10.2 Sensient Technology Corporation
10.2.1 Sensient Technology Corporation Company Information
10.2.2 Sensient Technology Corporation Introduction and Business Overview
10.2.3 Sensient Technology Corporation Annatto Extract Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Sensient Technology Corporation Annatto Extract Products Offered
10.2.5 Sensient Technology Corporation Recent Development
10.3 D.D. Williamson & Co.
10.3.1 D.D. Williamson & Co. Company Information
10.3.2 D.D. Williamson & Co. Introduction and Business Overview
10.3.3 D.D. Williamson & Co. Annatto Extract Sales, Revenue and Gross Margin (2018-2023)
10.3.4 D.D. Williamson & Co. Annatto Extract Products Offered
10.3.5 D.D. Williamson & Co. Recent Development
10.4 Naturex S.A.
10.4.1 Naturex S.A. Company Information
10.4.2 Naturex S.A. Introduction and Business Overview
10.4.3 Naturex S.A. Annatto Extract Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Naturex S.A. Annatto Extract Products Offered
10.4.5 Naturex S.A. Recent Development
10.5 Kalsec Inc.
10.5.1 Kalsec Inc. Company Information
10.5.2 Kalsec Inc. Introduction and Business Overview
10.5.3 Kalsec Inc. Annatto Extract Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Kalsec Inc. Annatto Extract Products Offered
10.5.5 Kalsec Inc. Recent Development
10.6 Chr. Hansen Holding A/S
10.6.1 Chr. Hansen Holding A/S Company Information
10.6.2 Chr. Hansen Holding A/S Introduction and Business Overview
10.6.3 Chr. Hansen Holding A/S Annatto Extract Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Chr. Hansen Holding A/S Annatto Extract Products Offered
10.6.5 Chr. Hansen Holding A/S Recent Development
10.7 FMC Corporation
10.7.1 FMC Corporation Company Information
10.7.2 FMC Corporation Introduction and Business Overview
10.7.3 FMC Corporation Annatto Extract Sales, Revenue and Gross Margin (2018-2023)
10.7.4 FMC Corporation Annatto Extract Products Offered
10.7.5 FMC Corporation Recent Development
10.8 Wild Flavors
10.8.1 Wild Flavors Company Information
10.8.2 Wild Flavors Introduction and Business Overview
10.8.3 Wild Flavors Annatto Extract Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Wild Flavors Annatto Extract Products Offered
10.8.5 Wild Flavors Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Annatto Extract Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Annatto Extract Industrial Chain Analysis
11.4 Annatto Extract Market Dynamics
11.4.1 Annatto Extract Industry Trends
11.4.2 Annatto Extract Market Drivers
11.4.3 Annatto Extract Market Challenges
11.4.4 Annatto Extract Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Annatto Extract Distributors
12.3 Annatto Extract Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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