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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 market was valued at US$ 49 million in 2023 and is anticipated to reach US$ 61 million by 2030, witnessing a CAGR of 3.3% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Annatto, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Annatto.
Report Scope
The Annatto market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Annatto market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Annatto manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company (Partial List)
- DDW
- Hansen
- FMC
- WILD Flavors
- Kalsec
- Vinayak Ingredients
- Aarkay Food Products
- AICACOLOR
- Biocon del Peru
- Zhongda Biological
- Guangzhou Qianyi
Segment by Type
- Oil-Soluble Annatto
- Water-Soluble Annatto
- Emulsified Annatto
Segment by Application
- Food Industrial
- Cosmetic Industrial
- Natural Fabric Industrial
- Pharmaceutical Industrial
- Others
Production by Region
- North America
- Europe
- China
- South America
- India
Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Netherlands)
- Asia-Pacific (China, Japan, South Korea, China Taiwan, Southeast Asia, India)
- Latin America, Middle East & Africa (Latin America, Mexico, Brazil, Turkey)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Annatto manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Annatto by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Annatto in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
Index
1 Annatto Market Overview
1.1 Product Definition
1.2 Annatto Segment by Type
1.2.1 Global Annatto Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Oil-Soluble Annatto
1.2.3 Water-Soluble Annatto
1.2.4 Emulsified Annatto
1.3 Annatto Segment by Application
1.3.1 Global Annatto Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Food Industrial
1.3.3 Cosmetic Industrial
1.3.4 Natural Fabric Industrial
1.3.5 Pharmaceutical Industrial
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Annatto Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Annatto Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Annatto Production Estimates and Forecasts (2019-2030)
1.4.4 Global Annatto Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Annatto Production Market Share by Manufacturers (2019-2024)
2.2 Global Annatto Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Annatto, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Annatto Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Annatto Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Annatto, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Annatto, Product Offered and Application
2.8 Global Key Manufacturers of Annatto, Date of Enter into This Industry
2.9 Annatto Market Competitive Situation and Trends
2.9.1 Annatto Market Concentration Rate
2.9.2 Global 5 and 10 Largest Annatto Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Annatto Production by Region
3.1 Global Annatto Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Annatto Production Value by Region (2019-2030)
3.2.1 Global Annatto Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Annatto by Region (2025-2030)
3.3 Global Annatto Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Annatto Production by Region (2019-2030)
3.4.1 Global Annatto Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Annatto by Region (2025-2030)
3.5 Global Annatto Market Price Analysis by Region (2019-2024)
3.6 Global Annatto Production and Value, Year-over-Year Growth
3.6.1 North America Annatto Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Annatto Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Annatto Production Value Estimates and Forecasts (2019-2030)
3.6.4 South America Annatto Production Value Estimates and Forecasts (2019-2030)
3.6.5 India Annatto Production Value Estimates and Forecasts (2019-2030)
4 Annatto Consumption by Region
4.1 Global Annatto Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Annatto Consumption by Region (2019-2030)
4.2.1 Global Annatto Consumption by Region (2019-2024)
4.2.2 Global Annatto Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Annatto Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Annatto Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Annatto Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Annatto Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Annatto Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Annatto Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Annatto Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Annatto Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Annatto Production by Type (2019-2030)
5.1.1 Global Annatto Production by Type (2019-2024)
5.1.2 Global Annatto Production by Type (2025-2030)
5.1.3 Global Annatto Production Market Share by Type (2019-2030)
5.2 Global Annatto Production Value by Type (2019-2030)
5.2.1 Global Annatto Production Value by Type (2019-2024)
5.2.2 Global Annatto Production Value by Type (2025-2030)
5.2.3 Global Annatto Production Value Market Share by Type (2019-2030)
5.3 Global Annatto Price by Type (2019-2030)
6 Segment by Application
6.1 Global Annatto Production by Application (2019-2030)
6.1.1 Global Annatto Production by Application (2019-2024)
6.1.2 Global Annatto Production by Application (2025-2030)
6.1.3 Global Annatto Production Market Share by Application (2019-2030)
6.2 Global Annatto Production Value by Application (2019-2030)
6.2.1 Global Annatto Production Value by Application (2019-2024)
6.2.2 Global Annatto Production Value by Application (2025-2030)
6.2.3 Global Annatto Production Value Market Share by Application (2019-2030)
6.3 Global Annatto Price by Application (2019-2030)
7 Key Companies Profiled
7.1 DDW
7.1.1 DDW Annatto Corporation Information
7.1.2 DDW Annatto Product Portfolio
7.1.3 DDW Annatto Production, Value, Price and Gross Margin (2019-2024)
7.1.4 DDW Main Business and Markets Served
7.1.5 DDW Recent Developments/Updates
7.2 Hansen
7.2.1 Hansen Annatto Corporation Information
7.2.2 Hansen Annatto Product Portfolio
7.2.3 Hansen Annatto Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Hansen Main Business and Markets Served
7.2.5 Hansen Recent Developments/Updates
7.3 FMC
7.3.1 FMC Annatto Corporation Information
7.3.2 FMC Annatto Product Portfolio
7.3.3 FMC Annatto Production, Value, Price and Gross Margin (2019-2024)
7.3.4 FMC Main Business and Markets Served
7.3.5 FMC Recent Developments/Updates
7.4 WILD Flavors
7.4.1 WILD Flavors Annatto Corporation Information
7.4.2 WILD Flavors Annatto Product Portfolio
7.4.3 WILD Flavors Annatto Production, Value, Price and Gross Margin (2019-2024)
7.4.4 WILD Flavors Main Business and Markets Served
7.4.5 WILD Flavors Recent Developments/Updates
7.5 Kalsec
7.5.1 Kalsec Annatto Corporation Information
7.5.2 Kalsec Annatto Product Portfolio
7.5.3 Kalsec Annatto Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Kalsec Main Business and Markets Served
7.5.5 Kalsec Recent Developments/Updates
7.6 Vinayak Ingredients
7.6.1 Vinayak Ingredients Annatto Corporation Information
7.6.2 Vinayak Ingredients Annatto Product Portfolio
7.6.3 Vinayak Ingredients Annatto Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Vinayak Ingredients Main Business and Markets Served
7.6.5 Vinayak Ingredients Recent Developments/Updates
7.7 Aarkay Food Products
7.7.1 Aarkay Food Products Annatto Corporation Information
7.7.2 Aarkay Food Products Annatto Product Portfolio
7.7.3 Aarkay Food Products Annatto Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Aarkay Food Products Main Business and Markets Served
7.7.5 Aarkay Food Products Recent Developments/Updates
7.8 AICACOLOR
7.8.1 AICACOLOR Annatto Corporation Information
7.8.2 AICACOLOR Annatto Product Portfolio
7.8.3 AICACOLOR Annatto Production, Value, Price and Gross Margin (2019-2024)
7.8.4 AICACOLOR Main Business and Markets Served
7.7.5 AICACOLOR Recent Developments/Updates
7.9 Biocon del Peru
7.9.1 Biocon del Peru Annatto Corporation Information
7.9.2 Biocon del Peru Annatto Product Portfolio
7.9.3 Biocon del Peru Annatto Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Biocon del Peru Main Business and Markets Served
7.9.5 Biocon del Peru Recent Developments/Updates
7.10 Zhongda Biological
7.10.1 Zhongda Biological Annatto Corporation Information
7.10.2 Zhongda Biological Annatto Product Portfolio
7.10.3 Zhongda Biological Annatto Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Zhongda Biological Main Business and Markets Served
7.10.5 Zhongda Biological Recent Developments/Updates
7.11 Guangzhou Qianyi
7.11.1 Guangzhou Qianyi Annatto Corporation Information
7.11.2 Guangzhou Qianyi Annatto Product Portfolio
7.11.3 Guangzhou Qianyi Annatto Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Guangzhou Qianyi Main Business and Markets Served
7.11.5 Guangzhou Qianyi Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Annatto Industry Chain Analysis
8.2 Annatto Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Annatto Production Mode & Process
8.4 Annatto Sales and Marketing
8.4.1 Annatto Sales Channels
8.4.2 Annatto Distributors
8.5 Annatto Customers
9 Annatto Market Dynamics
9.1 Annatto Industry Trends
9.2 Annatto Market Drivers
9.3 Annatto Market Challenges
9.4 Annatto Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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