Global Annatto Market 2018-2022

Below are some of the key findings from this annatto market analysis report:

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Global annatto industry overview

Growing awareness of the health benefits associated with annatto is a key factor driving market growth. The consumption of annatto products such as annatto powder, annatto oil, annatto spice, and annatto food coloring is associated with several health benefits such as preventing congenital disorders, promoting digestion, strengthening bones and controlling cancer. The growing awareness about the health benefits of annatto will drive market growth.

Annatto is very popular among the millennials. This demographic is more health conscious and is very enthusiastic about trying out new variants and flavors. Millennials are the largest consumers of annatto products. Thus, the growing awareness of the health benefits associated with annatto coupled with the growing population of millennials worldwide will drive the market at a CAGR of close to 5% during the forecast period.

Top annatto companies covered in this report

The global annatto market is moderately concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this annatto industry analysis report will help clients identify new growth opportunities and design new growth strategies.

The report offers a detailed analysis of several leading annatto companies including:

• Archer Daniels Midland Company
• Biocon
• Chr. Hansen Holding
• DDW The Colour House
• Kalsec

 Annatto market segmentation based on application

• Food and beverage
• Textile
• Cosmetics and pharmaceuticals

Food and beverage was the largest application of the global annatto market in 2017. The market share of this segment will increase further, and it will continue to dominate the market throughout the next five years.

Annatto market segmentation based on region

• The Americas
• APAC
• EMEA

The Americas accounted for the largest annatto market share in 2017. This region will witness a decrease in its market share but will remain the market leader for the next five years. The market is the nascent stage in the APAC region and hence the region is expected to witness the highest incremental growth over the forecast period.

Key highlights of the global annatto market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the annatto market during the next five years
• Precise estimation of the global annatto market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the annatto industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of annatto companies

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