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Global Annatto Oil Market Research Report 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.
Global Annatto Oil market is projected to reach US$ 58 million in 2029, increasing from US$ 46 million in 2022, with the CAGR of 3.3% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Annatto Oil market research.
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 Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Annatto Oil market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Biocon del Peru
Zhongda Biological
Guangzhou Qianyi
The Color House
BioconColors
La Perla Spice Company Inc,
Solutions LLC,
Wesson
DW
Hansen
FMC
WILD Flavors
Kalsec
Vinayak Ingredients
Aarkay Food Products
AICACOLOR
Food Ingredient
Segment by Type
Oil-Soluble Annatto
Water-Soluble Annatto
Emulsified Annatto
Segment by Application
Food Industry
Natural Fabric Industry
Personal Care & Cosmetic Industry
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Annatto Oil report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
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.
Global Annatto Oil market is projected to reach US$ 58 million in 2029, increasing from US$ 46 million in 2022, with the CAGR of 3.3% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Annatto Oil market research.
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 Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Annatto Oil market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Biocon del Peru
Zhongda Biological
Guangzhou Qianyi
The Color House
BioconColors
La Perla Spice Company Inc,
Solutions LLC,
Wesson
DW
Hansen
FMC
WILD Flavors
Kalsec
Vinayak Ingredients
Aarkay Food Products
AICACOLOR
Food Ingredient
Segment by Type
Oil-Soluble Annatto
Water-Soluble Annatto
Emulsified Annatto
Segment by Application
Food Industry
Natural Fabric Industry
Personal Care & Cosmetic Industry
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Annatto Oil report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Index1 Annatto Oil Market Overview
1.1 Product Definition
1.2 Annatto Oil Segment by Type
1.2.1 Global Annatto Oil Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 Oil-Soluble Annatto
1.2.3 Water-Soluble Annatto
1.2.4 Emulsified Annatto
1.3 Annatto Oil Segment by Application
1.3.1 Global Annatto Oil Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Food Industry
1.3.3 Natural Fabric Industry
1.3.4 Personal Care & Cosmetic Industry
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Annatto Oil Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Annatto Oil Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Annatto Oil Production Estimates and Forecasts (2018-2029)
1.4.4 Global Annatto Oil Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Annatto Oil Production Market Share by Manufacturers (2018-2023)
2.2 Global Annatto Oil Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Annatto Oil, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Annatto Oil Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Annatto Oil Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Annatto Oil, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Annatto Oil, Product Offered and Application
2.8 Global Key Manufacturers of Annatto Oil, Date of Enter into This Industry
2.9 Annatto Oil Market Competitive Situation and Trends
2.9.1 Annatto Oil Market Concentration Rate
2.9.2 Global 5 and 10 Largest Annatto Oil Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Annatto Oil Production by Region
3.1 Global Annatto Oil Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Annatto Oil Production Value by Region (2018-2029)
3.2.1 Global Annatto Oil Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Annatto Oil by Region (2024-2029)
3.3 Global Annatto Oil Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Annatto Oil Production by Region (2018-2029)
3.4.1 Global Annatto Oil Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Annatto Oil by Region (2024-2029)
3.5 Global Annatto Oil Market Price Analysis by Region (2018-2023)
3.6 Global Annatto Oil Production and Value, Year-over-Year Growth
3.6.1 North America Annatto Oil Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Annatto Oil Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Annatto Oil Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Annatto Oil Production Value Estimates and Forecasts (2018-2029)
4 Annatto Oil Consumption by Region
4.1 Global Annatto Oil Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Annatto Oil Consumption by Region (2018-2029)
4.2.1 Global Annatto Oil Consumption by Region (2018-2023)
4.2.2 Global Annatto Oil Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Annatto Oil Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Annatto Oil Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Annatto Oil Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Annatto Oil Consumption by Country (2018-2029)
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 Oil Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Annatto Oil Consumption by Region (2018-2029)
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 Oil Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Annatto Oil Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Annatto Oil Production by Type (2018-2029)
5.1.1 Global Annatto Oil Production by Type (2018-2023)
5.1.2 Global Annatto Oil Production by Type (2024-2029)
5.1.3 Global Annatto Oil Production Market Share by Type (2018-2029)
5.2 Global Annatto Oil Production Value by Type (2018-2029)
5.2.1 Global Annatto Oil Production Value by Type (2018-2023)
5.2.2 Global Annatto Oil Production Value by Type (2024-2029)
5.2.3 Global Annatto Oil Production Value Market Share by Type (2018-2029)
5.3 Global Annatto Oil Price by Type (2018-2029)
6 Segment by Application
6.1 Global Annatto Oil Production by Application (2018-2029)
6.1.1 Global Annatto Oil Production by Application (2018-2023)
6.1.2 Global Annatto Oil Production by Application (2024-2029)
6.1.3 Global Annatto Oil Production Market Share by Application (2018-2029)
6.2 Global Annatto Oil Production Value by Application (2018-2029)
6.2.1 Global Annatto Oil Production Value by Application (2018-2023)
6.2.2 Global Annatto Oil Production Value by Application (2024-2029)
6.2.3 Global Annatto Oil Production Value Market Share by Application (2018-2029)
6.3 Global Annatto Oil Price by Application (2018-2029)
7 Key Companies Profiled
7.1 Biocon del Peru
7.1.1 Biocon del Peru Annatto Oil Corporation Information
7.1.2 Biocon del Peru Annatto Oil Product Portfolio
7.1.3 Biocon del Peru Annatto Oil Production, Value, Price and Gross Margin (2018-2023)
7.1.4 Biocon del Peru Main Business and Markets Served
7.1.5 Biocon del Peru Recent Developments/Updates
7.2 Zhongda Biological
7.2.1 Zhongda Biological Annatto Oil Corporation Information
7.2.2 Zhongda Biological Annatto Oil Product Portfolio
7.2.3 Zhongda Biological Annatto Oil Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Zhongda Biological Main Business and Markets Served
7.2.5 Zhongda Biological Recent Developments/Updates
7.3 Guangzhou Qianyi
7.3.1 Guangzhou Qianyi Annatto Oil Corporation Information
7.3.2 Guangzhou Qianyi Annatto Oil Product Portfolio
7.3.3 Guangzhou Qianyi Annatto Oil Production, Value, Price and Gross Margin (2018-2023)
7.3.4 Guangzhou Qianyi Main Business and Markets Served
7.3.5 Guangzhou Qianyi Recent Developments/Updates
7.4 The Color House
7.4.1 The Color House Annatto Oil Corporation Information
7.4.2 The Color House Annatto Oil Product Portfolio
7.4.3 The Color House Annatto Oil Production, Value, Price and Gross Margin (2018-2023)
7.4.4 The Color House Main Business and Markets Served
7.4.5 The Color House Recent Developments/Updates
7.5 BioconColors
7.5.1 BioconColors Annatto Oil Corporation Information
7.5.2 BioconColors Annatto Oil Product Portfolio
7.5.3 BioconColors Annatto Oil Production, Value, Price and Gross Margin (2018-2023)
7.5.4 BioconColors Main Business and Markets Served
7.5.5 BioconColors Recent Developments/Updates
7.6 La Perla Spice Company Inc,
7.6.1 La Perla Spice Company Inc, Annatto Oil Corporation Information
7.6.2 La Perla Spice Company Inc, Annatto Oil Product Portfolio
7.6.3 La Perla Spice Company Inc, Annatto Oil Production, Value, Price and Gross Margin (2018-2023)
7.6.4 La Perla Spice Company Inc, Main Business and Markets Served
7.6.5 La Perla Spice Company Inc, Recent Developments/Updates
7.7 Solutions LLC,
7.7.1 Solutions LLC, Annatto Oil Corporation Information
7.7.2 Solutions LLC, Annatto Oil Product Portfolio
7.7.3 Solutions LLC, Annatto Oil Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Solutions LLC, Main Business and Markets Served
7.7.5 Solutions LLC, Recent Developments/Updates
7.8 Wesson
7.8.1 Wesson Annatto Oil Corporation Information
7.8.2 Wesson Annatto Oil Product Portfolio
7.8.3 Wesson Annatto Oil Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Wesson Main Business and Markets Served
7.7.5 Wesson Recent Developments/Updates
7.9 DW
7.9.1 DW Annatto Oil Corporation Information
7.9.2 DW Annatto Oil Product Portfolio
7.9.3 DW Annatto Oil Production, Value, Price and Gross Margin (2018-2023)
7.9.4 DW Main Business and Markets Served
7.9.5 DW Recent Developments/Updates
7.10 Hansen
7.10.1 Hansen Annatto Oil Corporation Information
7.10.2 Hansen Annatto Oil Product Portfolio
7.10.3 Hansen Annatto Oil Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Hansen Main Business and Markets Served
7.10.5 Hansen Recent Developments/Updates
7.11 FMC
7.11.1 FMC Annatto Oil Corporation Information
7.11.2 FMC Annatto Oil Product Portfolio
7.11.3 FMC Annatto Oil Production, Value, Price and Gross Margin (2018-2023)
7.11.4 FMC Main Business and Markets Served
7.11.5 FMC Recent Developments/Updates
7.12 WILD Flavors
7.12.1 WILD Flavors Annatto Oil Corporation Information
7.12.2 WILD Flavors Annatto Oil Product Portfolio
7.12.3 WILD Flavors Annatto Oil Production, Value, Price and Gross Margin (2018-2023)
7.12.4 WILD Flavors Main Business and Markets Served
7.12.5 WILD Flavors Recent Developments/Updates
7.13 Kalsec
7.13.1 Kalsec Annatto Oil Corporation Information
7.13.2 Kalsec Annatto Oil Product Portfolio
7.13.3 Kalsec Annatto Oil Production, Value, Price and Gross Margin (2018-2023)
7.13.4 Kalsec Main Business and Markets Served
7.13.5 Kalsec Recent Developments/Updates
7.14 Vinayak Ingredients
7.14.1 Vinayak Ingredients Annatto Oil Corporation Information
7.14.2 Vinayak Ingredients Annatto Oil Product Portfolio
7.14.3 Vinayak Ingredients Annatto Oil Production, Value, Price and Gross Margin (2018-2023)
7.14.4 Vinayak Ingredients Main Business and Markets Served
7.14.5 Vinayak Ingredients Recent Developments/Updates
7.15 Aarkay Food Products
7.15.1 Aarkay Food Products Annatto Oil Corporation Information
7.15.2 Aarkay Food Products Annatto Oil Product Portfolio
7.15.3 Aarkay Food Products Annatto Oil Production, Value, Price and Gross Margin (2018-2023)
7.15.4 Aarkay Food Products Main Business and Markets Served
7.15.5 Aarkay Food Products Recent Developments/Updates
7.16 AICACOLOR
7.16.1 AICACOLOR Annatto Oil Corporation Information
7.16.2 AICACOLOR Annatto Oil Product Portfolio
7.16.3 AICACOLOR Annatto Oil Production, Value, Price and Gross Margin (2018-2023)
7.16.4 AICACOLOR Main Business and Markets Served
7.16.5 AICACOLOR Recent Developments/Updates
7.17 Food Ingredient
7.17.1 Food Ingredient Annatto Oil Corporation Information
7.17.2 Food Ingredient Annatto Oil Product Portfolio
7.17.3 Food Ingredient Annatto Oil Production, Value, Price and Gross Margin (2018-2023)
7.17.4 Food Ingredient Main Business and Markets Served
7.17.5 Food Ingredient Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Annatto Oil Industry Chain Analysis
8.2 Annatto Oil Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Annatto Oil Production Mode & Process
8.4 Annatto Oil Sales and Marketing
8.4.1 Annatto Oil Sales Channels
8.4.2 Annatto Oil Distributors
8.5 Annatto Oil Customers
9 Annatto Oil Market Dynamics
9.1 Annatto Oil Industry Trends
9.2 Annatto Oil Market Drivers
9.3 Annatto Oil Market Challenges
9.4 Annatto Oil 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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