This makes annatto products more popular among millennials, which in turn, boost the purchase volume of these products. The rising millennial population in Europe is expected to form the largest demographics that consume annatto products.
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The analysts forecast global annatto market to grow at a CAGR of 4.53% during the period 2018-2022.
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Companies are Archer Daniels Midland Company, Biocon, Chr. Hansen Holding, DDW The Colour House, and Kalsec.
Annatto is an orange-red condiment and food coloring derived from the seeds of the achiote tree (Bixa orellana). It is often used to impart a yellow or orange color to foods, but sometimes also used for its flavor and aroma.
Apart from food and beverage, annatto extracts and seeds also find applications in the textile, cosmetics, and pharmaceutical industries.
According to the annatto market report, one driver in the market is growing awareness of health benefits associated with annatto. The growing demand for annatto is positively influencing the market for annatto products such as annatto color extracts.
The awareness about the health benefits of annatto is rising among various consumers, especially in the Americas and Europe.
Further, the market of annatto report states that one challenge in the market is large volumes and other challenges in manufacturing natural colors. The demand for naturally colored foods has been growing at a brisk pace worldwide.
However, this growth in demand is accompanied by some alarming challenges as well, which if not dealt with cautiously can lead to a stagnation in the growth of the natural color-based food ingredients industry.
Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
Market segmentation analysis
PART 05: MARKET SIZING
Market sizing 2017
Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 07: MARKET SEGMENTATION BY APPLICATION
Segmentation by application
Comparison by application
Global annatto market based on food and beverage Market size and forecast 2017-2022
Global annatto market based on textile Market size and forecast 2017-2022
Global annatto market based on cosmetics and pharmaceuticals Market size and forecast 2017-2022
Market opportunity by application
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
Annatto market in Americas Market size and forecast 2017-2022
Annatto market in EMEA Market size and forecast 2017-2022
Annatto market in APAC Market size and forecast 2017-2022
Key leading countries
Annatto market in US
Annatto market in UK
Annatto market in Brazil
Annatto market in Japan
Annatto market in France
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
Growing population of millennials worldwide
Increasing prominence of online retailing
Rising urbanization and shifting consumer preference for healthy processed foods
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
Market positioning of vendors
Archer Daniels Midland Company
Chr. Hansen Holding
DDW The Colour House
PART 15: APPENDIX
List of abbreviations