The global Annatto Seed Extract market was valued at US$ 47 million in 2022 and is projected to reach US$ 59 million by 2029, at a CAGR of 3.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
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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.
This report aims to provide a comprehensive presentation of the global market for Annatto Seed Extract, 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 Seed Extract. This report contains market size and forecasts of Annatto Seed Extract in global, including the following market information:
Global Annatto Seed Extract Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Annatto Seed Extract Market Sales, 2018-2023, 2024-2032, (Kiloton)
Global top five Annatto Seed Extract companies in 2022 (%)
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.
We surveyed the Annatto Seed Extract manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Annatto Seed Extract Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (Kiloton)
Global Annatto Seed Extract Market Segment Percentages, by Type, 2022 (%)
Achiote Paste
Achiote Oil
Achiote Powder
Global Annatto Seed Extract Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (Kiloton)
Global Annatto Seed Extract Market Segment Percentages, by Application, 2022 (%)
Culinary Spice
Food Colorant
Commercial Dye
Global Annatto Seed Extract Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (Kiloton)
Global Annatto Seed Extract Market Segment Percentages, By Region and Country, 2022 (%)
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
The Middle East and Africa (Middle East, Africa)
South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Annatto Seed Extract revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Annatto Seed Extract revenues share in global market, 2022 (%)
Key companies Annatto Seed Extract sales in global market, 2018-2023 (Estimated), (Kiloton)
Key companies Annatto Seed Extract sales share in global market, 2022 (%)
key players include:
DDW
Hansen
FMC
WILD Flavors
Kalsec
Vinayak Ingredients
Aarkay Food Products
AICACOLOR
Biocon del Peru
Zhongda Biological
Guangzhou Qianyi
Outline of Major Chapters:
Chapter 1: Introduces the definition of Annatto Seed Extract, market overview.
Chapter 2: Global Annatto Seed Extract market size in revenue and volume.
Chapter 3: Detailed analysis of Annatto Seed Extract manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6: Sales of Annatto Seed Extract 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 of each country in the world.
Chapter 7: 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 8: Global Annatto Seed Extract capacity by region & country.
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: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
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Table of content
1 Introduction to Research & Analysis Reports 1.1 Annatto Seed Extract Market Definition 1.2 Market Segments 1.2.1 Market by Type 1.2.2 Market by Application 1.3 Global Annatto Seed Extract Market Overview 1.4 Features & Benefits of This Report 1.5 Methodology & Sources of Information 1.5.1 Research Methodology 1.5.2 Research Process 1.5.3 Base Year 1.5.4 Report Assumptions & Caveats 2 Global Annatto Seed Extract Overall Market Size 2.1 Global Annatto Seed Extract Market Size: 2022 VS 2032 2.2 Global Annatto Seed Extract Revenue, Prospects & Forecasts: 2018-2032 2.3 Global Annatto Seed Extract Sales: 2018-2032 3 Company Landscape 3.1 Top Annatto Seed Extract Players in Global Market 3.2 Top Global Annatto Seed Extract Companies Ranked by Revenue 3.3 Global Annatto Seed Extract Revenue by Companies 3.4 Global Annatto Seed Extract Sales by Companies 3.5 Global Annatto Seed Extract Price by Manufacturer (2018-2023) 3.6 Top 3 and Top 5 Annatto Seed Extract Companies in Global Market, by Revenue in 2022 3.7 Global Manufacturers Annatto Seed Extract Product Type 3.8 Tier 1, Tier 2 and Tier 3 Annatto Seed Extract Players in Global Market 3.8.1 List of Global Tier 1 Annatto Seed Extract Companies 3.8.2 List of Global Tier 2 and Tier 3 Annatto Seed Extract Companies 4 Sights by Product 4.1 Overview 4.1.1 By Type - Glob
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