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.
This report contains market size and forecasts of Annatto in global, including the following market information:
Global Annatto Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Annatto Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Annatto companies in 2021 (%)
The global Annatto market was valued at 50 million in 2021 and is projected to reach US$ 63 million by 2028, at a CAGR of 3.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Oil-Soluble Annatto Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Annatto include DDW, Hansen, FMC, WILD Flavors, Kalsec, Vinayak Ingredients, Aarkay Food Products, AICACOLOR and Biocon del Peru, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Annatto 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 Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Annatto Market Segment Percentages, by Type, 2021 (%)
Oil-Soluble Annatto
Water-Soluble Annatto
Emulsified Annatto
Global Annatto Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Annatto Market Segment Percentages, by Application, 2021 (%)
Food Industrial
Cosmetic Industrial
Natural Fabric Industrial
Pharmaceutical Industrial
Others
Global Annatto Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Annatto Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Annatto revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Annatto revenues share in global market, 2021 (%)
Key companies Annatto sales in global market, 2017-2022 (Estimated), (MT)
Key companies Annatto sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
DDW
Hansen
FMC
WILD Flavors
Kalsec
Vinayak Ingredients
Aarkay Food Products
AICACOLOR
Biocon del Peru
Zhongda Biological
Guangzhou Qianyi