Global Annatto Market
The Leisure Anti Fouling coating market forecast will surpass $268.3 Million by 2027, increasing from $199.1 Million in 2020, at a CAGR of 5.10%.
Annatto is also known as Achiote seed extracts is one of the oldest natural dyes known to people and are commonly used in the food industry as a natural food colorant. Several regional food safety authorities, like the U.S. Food and Drug Administration (FDA), the European Food Safety Authority (EFSA) etc have recognized the product as a safe condiment and food coloring product.
Market Drivers
Increasing awareness about health amongst people is boosting the demand for natural colorants in the food products and is one of the key factors contributing to the growth of annatto market.
Factor which drives the growth of the annatto market is that annatto possesses excellent heat stability and solubility in oil and water. Also, the improved application of annatto as a natural colorant in the food industry also boost the growth of the annatto market.
Market Restraints
The health issues like an allergic reaction and irritable bowel syndrome are the factors that hamper the growth of the annatto market.
Annatto has a lesser stability when compared to synthetic colorants like Azorubine, Allura Red, and others, which is a main restraining factor for market expansion.
Market Segmentation
Annatto Market sis segmented into major 3 categories. Based on Type, the market is segmented into Oil-soluble Annatto, Water-soluble Annatto, Emulsified and Solvent-extracted Annatto. Based on Applications, the market is segmented into Food Industry, Fabric Industry, Cosmetic Industry, Others. Based on Region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Regional Analysis
North America is likely to hold the highest market share in the annatto market owing to the escalating demand for natural colorants from various end-use industries like personal care and food & beverages. Moreover, clean-labeling practices, customer awareness, and regulatory scenario are other factors rising the annatto market in the region.
Europe is also a main region in the annatto market and is anticipated to remain the same over the forecast period owing to high demand for natural colorants for cosmetics and personal care products in the region.
Market Key Players
Some of the key players operating in Global Annatto Market are FMC, Chr. Hansen Holding A/S, Kalsec Inc., Dairy Connections Inc., Biocon Colors, Archer Daniels Midland Company, Sensient Technologies Corporaton, Dohler Group, IFC Solutions, and Aarkay Food Products Ltd.
Industry development
In 2018, FMC Corporation and Hansen, announced a five-year extension of their collaboration to develop and commercialize natural solutions for the agricultural industry
In Feb 2018, Sensient Technologies Corporation announced that it has reached a definitive agreement to acquire the natural color business of Globe Natural, a leading natural food and ingredient company, based in Lima, Peru, owned by the Michell Group
Global Annatto Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Annatto Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Annatto Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Annatto Market Share Analysis, By Type
5.3 Global Annatto Market Size and Forecast, By Type
5.3.1 Oil-soluble Annatto
5.3.2 Water-soluble Annatto
5.3.3 Emulsified and Solvent-extracted Annatto
6 Global Annatto Market, By Applications
6.1 Y-o-Y Growth Comparison, By Applications
6.2 Global Annatto Market Share Analysis, By Applications
6.3 Global Annatto Market Size and Forecast, By Applications
6.3.1 Food Industry
6.3.2 Fabric Industry
6.3.3 Cosmetic Industry
6.3.4 Others
7 Global Annatto Market, By Region
7.1 Global Annatto Market Share Analysis, By Region
7.2 Global Annatto Market Share Analysis, By Region
7.3 Global Annatto Market Size and Forecast, By Region
8 North America Global Annatto Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Global Annatto Market Share Analysis, By Type
8.3 North America Global Annatto Market Size and Forecast, By Applications
8.4 North America Global Annatto Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Global Annatto Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Global Annatto Market Share Analysis, By Type
9.3 Europe Global Annatto Market Size and Forecast, By Applications
9.4 Europe Global Annatto Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific Global Annatto Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Global Annatto Market Share Analysis, By Type
10.3 Asia Pacific Global Annatto Market Size and Forecast, By Applications
10.4 Asia Pacific Global Annatto Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Global Annatto Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Global Annatto Market Share Analysis, By Type
11.3 Latin America Global Annatto Market Size and Forecast, By Applications
11.4 Latin America Global Annatto Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Global Annatto Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Global Annatto Market Share Analysis, By Type
12.3 Middle East Global Annatto Market Size and Forecast, By Applications
12.4 Middle East Global Annatto Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 FMC
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Chr. Hansen Holding A/S
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Dairy Connections Inc.
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Kalsec Inc.
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Biocon Colors
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Archer Daniels Midland Company
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Sensient Technologies Corporaton
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Dohler Group
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 IFC Solutions
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Aarkay Food Products Ltd.
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
