Annatto Market To Boom Owing To Rising Demand From Food And Cosmetic Industries
The factors that propel the growth of the Annatto Market include increasing demand, rapid urbanization & industrialization and technological innovations.
The factors that propel the growth of the Annatto Market include increasing demand, rapid urbanization & industrialization and technological innovations.
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<strong>Annatto</strong> <strong>Market</strong> <strong>To</strong> <strong>Boom</strong> <strong>Owing</strong> <strong>To</strong> <strong>Rising</strong> <strong>Demand</strong> <strong>From</strong> <strong>Food</strong> <strong>And</strong><br />
<strong>Cosmetic</strong> <strong>Industries</strong><br />
<strong>Annatto</strong> <strong>Market</strong> is classified on the basis of form, product type, pigment,<br />
applications, distribution channel and geography. <strong>Annatto</strong> <strong>Market</strong> is classified<br />
by form as powder and liquid.<br />
Global <strong>Annatto</strong> <strong>Market</strong> is expected to grow at a significant CAGR in the upcoming years as the scope<br />
and its applications are increasing across the globe. <strong>Annatto</strong> is the seed or extract of the achiote tree<br />
(Bixaorellana), which is a tropical tree. It is a naturally intense dye and ranges in colour from bright<br />
yellow to deep orange. The colour of annatto originate from several carotenoid pigments. It is widely<br />
used as a medicine, commercial dye, culinary spice and ingredient in various foods. In addition, they<br />
are also used in body paint, fabric dye, cosmetics, insect repellent, etc. The factors that propel the<br />
growth of the <strong>Annatto</strong> <strong>Market</strong> include increasing demand, rapid urbanization & industrialization and<br />
technological innovations.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/annatto-market
In addition, some of the other factors such as growing awareness regarding the harmful health effects<br />
of synthetic color agents and ban on trading of products made from artificial products. On the other<br />
hand, there are also factors that may hamper the growth of the market such as high cost and color<br />
degradation due to several external factors such as light, temperature, etc. Also, factors such as<br />
allergic nature and low stability of annatto as compared to synthetic agents.<br />
<strong>Annatto</strong> <strong>Market</strong> is classified on the basis of form, product type, pigment, applications, distribution<br />
channel and geography. <strong>Annatto</strong> <strong>Market</strong> is classified by form as powder and liquid. <strong>Annatto</strong> <strong>Market</strong><br />
is segmented by product type as emulsified annatto, oil-soluble annatto, water-soluble annatto, and<br />
others. <strong>Annatto</strong> <strong>Market</strong> is categorized by pigment as carotenoids, bixin, norbixin and others.<br />
<strong>Annatto</strong> <strong>Market</strong> is classified on applications as cosmetic industry, food industry, natural fabric<br />
industry, and others. <strong>Annatto</strong> <strong>Market</strong> is segmented by distribution channel as online stores, specialty<br />
stores and others. <strong>Annatto</strong> <strong>Market</strong> is classified on the basis of geography as North America, Latin<br />
America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.<br />
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The North American region consists of the U.S., and Canada. Latin America region consists of Mexico<br />
and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The<br />
Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India,<br />
ASEAN, Australia & New Zealand. The Middle East and African region consists of GCC, South Africa<br />
and North Africa. By geography, North America is projected to hold a significant share of the <strong>Annatto</strong><br />
<strong>Market</strong>.<br />
Some of the key players that fuel the growth of the <strong>Annatto</strong> <strong>Market</strong> include Aarkay <strong>Food</strong> Products,<br />
AICACOLOR, Biocon del Peru, DDW, Guangzhou Qianyi, Hansen, FMC, Kalsec, Vinayak Ingredients,<br />
WILD Flavors, Zhongda Biological, and others. The key players are focusing on inorganic growth to<br />
sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are<br />
the need of the hour.
<strong>Market</strong> Segment:<br />
This report studies <strong>Annatto</strong> in Global market, especially in North America, Europe, China, Japan,<br />
Southeast Asia and India, focuses on top manufacturers in global market, with capacity,<br />
production, price, revenue and market share for each manufacturer, covering<br />
• DDW<br />
• Hansen<br />
• FMC<br />
• WILD Flavors<br />
• Kalsec<br />
• Vinayak Ingredients<br />
• Aarkay <strong>Food</strong> Products<br />
• AICACOLOR<br />
• Biocon del Peru<br />
• Zhongda Biological<br />
• Guangzhou Qianyi<br />
<strong>Market</strong> Segment by Regions, this report splits Global into several key Regions, with production,<br />
consumption, revenue, market share and growth rate of <strong>Annatto</strong> in these regions, from 2011 to<br />
2021 (forecast), like<br />
• North America<br />
• Europe<br />
• China<br />
• Japan<br />
• Southeast Asia<br />
• India<br />
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https://www.millioninsights.com/industry/food-processing
Split by product type, with production, revenue, price, market share and growth rate of each type,<br />
can be divided into<br />
• Oil-Soluble <strong>Annatto</strong><br />
• Water-Soluble <strong>Annatto</strong><br />
• Emulsified <strong>Annatto</strong><br />
Split by application, this report focuses on consumption, market share and growth rate of <strong>Annatto</strong><br />
in each application, can be divided into<br />
• <strong>Food</strong> Industry (Traditional Cuisine, Cheeses, Industrial <strong>Food</strong> Coloring)<br />
• Natural Fabric Industry<br />
• <strong>Cosmetic</strong> Industr<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/annatto-market
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